Cash Pay Conversion Date definition

Cash Pay Conversion Date means: (i) the earliest to occur of (a) the day on which Company delivers a Cash Pay Notice to Administrative Agent and (b) the last day of the first Fiscal Quarter after the Closing Date in which the Interest Coverage Ratio as of the last day of such Fiscal Quarter exceeds 4.00:1.00, or (ii) if requested by the Company, such later date or dates as may be specified from time to time by the Requisite Lenders, in which event, anything in the Credit Documents notwithstanding, the “Cash Pay Conversion Date” shall be deemed to be the date so specified without the further consent or approval of any other Person.
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Cash Pay Conversion Date the date that is the first anniversary of the Closing Date or such later date as determined in accordance with Section 2.2(c).
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Cash Pay Conversion Date means the later of: (i) the earliest to occur of (a) the day on which Company delivers a Cash Pay Notice to Administrative Agent and (b) the last day of the first Fiscal Quarter after the Closing Date in which the Interest Coverage Ratio as of the last day of such Fiscal Quarter exceeds 4.00:1.00, or (ii) if requested by the Company, such later date or dates as may be specified from time to time by the Requisite Lenders, in which event, anything in the Credit Documents notwithstanding, the “Cash Pay Conversion Date” shall be deemed to be the date so specified without the further consent or approval of any other Person.
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Examples of Cash Pay Conversion Date in a sentence

  • Prior to the Cash Pay Conversion Date and for so long as any Participating Holder holds any First Lien Notes, in connection with First Lien Note Repurchases required pursuant to Section 4.23, the Issuer shall provide the Participating Holders a right of first offer to sell First Lien Notes to the Issuer pursuant to the procedures and in the amounts, allocations and time periods described in the Exchange Agreement.

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  • Notwithstanding any of the foregoing to the contrary, accrued interest payable on the Term Loans on or prior to the Cash Pay Conversion Date shall be added to the outstanding principal amount of the Term Loan Notes on the dates referred to in the preceding sentence and on the Cash Pay Conversion Date and such amounts shall be deemed to be included in the term Term Loans for all purposes hereunder including, without limitation, Section 2.10 hereof.

  • The Issuer, the Collateral Agent and the Trustee may amend the definition of ROFO Default, clause (d) of the definition of Cash Pay Conversion Date, Section 4.24 and clause (11) of Section 6.01 hereof (collectively, the “ROFO Provisions”), in each case, with the consent of Participating Holders who hold at least a majority in principal amount of the Notes (including Additional Notes, if any) then outstanding held by all Participating Holders voting as a single class.

  • Amounts representing Accrued Principal shall bear interest in accordance with Sections 2.6(a) and 2.8. At the option of the Company, or upon the request of any Lender that desires to receive such a new note, accrued interest payable on the Term Loans on or prior to the Cash Pay Conversion Date may be paid by delivery of a new note in the form of the Term Loan Note, rather than being paid by adding such accrued interest to the principal of the outstanding Term Loan Notes.


More Definitions of Cash Pay Conversion Date

Cash Pay Conversion Date means the date which is the earliest of: (a) December 15, 2016; (b) the First Lien Refinancing Closing Date (as to which the Issuer shall provide written notice to the Trustee); (c) in the event that a Cash Interest Savings Default has occurred, at the election of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes by written notice to the Trustee, such date that the Cash Interest Savings Default occurred; and (d) in the event that a ROFO Default has occurred, at the election of the Participating Holders who hold at least a majority in aggregate principal amount of the then outstanding Notes held by all Participating Holders by written notice to the Trustee, such date that the ROFO Default occurred.
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Related to Cash Pay Conversion Date

  • Automatic Conversion Date has the meaning set forth in Section 7(c).

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Forced Conversion Amount means the sum of (i) 100% of the aggregate Stated Value then outstanding, (ii) accrued but unpaid dividends and (iii) all liquidated damages and other amounts due in respect of the Series B Preferred Stock.

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.