Covenant Calculation Date definition

Covenant Calculation Date means the last day of each fiscal quarter of the Borrower.
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Covenant Calculation Date means the last day of each financial year and the last day of each financial half-year of ENW.
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Covenant Calculation Date means the last day of each calendar month.
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Examples of Covenant Calculation Date in a sentence

  • The Borrower will maintain Tangible Net Worth, determined as of each Covenant Calculation Date, in an amount not less than $150,000,000.

  • Permit EBITDA on any Covenant Calculation Date to be less than $160,000,000.

  • Permit the Senior Secured Leverage Ratio on any Covenant Calculation Date to exceed 1.0 to 1.0.

  • Permit the Leverage Ratio on any Covenant Calculation Date to exceed 4.0 to 1.0.

  • Permit the Fixed Charge Coverage Ratio on any Covenant Calculation Date to be less than 1.10 to 1.

  • The occurrence of the Trigger Event referred to in paragraph 12 (Adverse final price determination) of Part 1 (Trigger Events) of this Schedule 5 will be remedied if the financial ratios set out in paragraph 1 (Financial Ratios) of Part 1 (Trigger Events) of this Schedule 5 come within the relevant level or levels specified in paragraph 1 (Financial Ratios) of Part 3 of this Schedule 5 relating to the most recently occurring Covenant Calculation Date.