Covenant Modification Date definition
Covenant Modification Date means the first date after January 1, 2022 as so designated in a written notice, executed by the chief financial officer, the treasurer or the corporate controller of the Borrower, to the Administrative Agent as the “Covenant Modification Date”; provided that such notice shall provide reasonably detailed calculations, in form and substance reasonably satisfactory to the Administrative Agent, demonstrating compliance with the covenants set forth in Section 6.2.4 of this Agreement as of the most recently ended Fiscal Quarter for which financial statements were required to be delivered pursuant to Section 6.1.1 of this Agreement.
Covenant Modification Date means the later to occur of (a) the expiry of the Financial Covenant Waiver Period and (b) the date upon which the financial covenants set out in Clause 9.4(a) have been modified in this Agreement in a form and substance satisfactory to BpiFAE, the Borrower and the Lenders.
Covenant Modification Date provided that such notice shall provide reasonably detailed calculations, in form and substance reasonably satisfactory to the Administrative Agent, demonstrating compliance with the covenants set forth in Section 6.2.4 6.2.4 of this Agreement as of the most recently ended Fiscal Quarter for which financial statements were required to be delivered pursuant to Section 6.1.1 6.1.1 of this Agreement.
More Definitions of Covenant Modification Date
Covenant Modification Date means the date on which Covenant Modification Event has occurred, as notified to the Lender by the Borrower pursuant to a certificate signed by a Responsible Officer of the Borrower, provided that such notice is delivered no later than five (5) Business Days after such Covenant Modification Event has occurred.