Covenant Modification Period means the period commencing on the Amendment No. 8 Effective Date and ending on the earlier of (i) January 1, 2022 and (ii) the date on which the Borrower shall have provided irrevocable notice to the Administrative Agent in writing of its intention to terminate the Covenant Modification Period; provided that the Borrower shall not be permitted to provide such notice unless at such time it shall be able to demonstrate compliance on a pro forma basis with the Financial Covenant as of the most recent Test Period.
Covenant Modification Period means the period beginning on the Amendment No. 3 Effective Date and ending on the earlier of, and inclusive of, (x) December 31, 2021 and (y) the date on which the Company delivers a Covenant Reversion Notice.
Covenant Modification Period means the period commencing with the fiscal quarter ending June 30, 2020 and continuing until the Covenant Compliance Date.>
Examples of Covenant Modification Period in a sentence
The Company may terminate the Covenant Modification Period prior to December 30, 2021, subject to the satisfaction of certain conditions.
Xxxx Xxxx Aun (Deputy Chairman), Xxx Xxx Xxx, Xxxxxx (Chief Executive Officer) and Xxx Xxx Xxx, Xxxxxx; two non-executive directors, namely Xx.
On June 2, 2020, the Company entered into an amendment of the Revolving Credit Facility, under which certain terms of the facility were amended for a period beginning on June 2, 2020 and ending on December 30, 2021 (the "Covenant Modification Period").
The amendment also requires the Company to maintain liquidity at a certain level until the earlier of (1) June 29, 2021 and (2) the last day of the Covenant Modification Period.
Widespread ignorance, lack of knowledge of individual rights, the prevalence of traditional values, and close ties and links based on des- cent and kinship that facilitate benefits.
More Definitions of Covenant Modification Period
Covenant Modification Period means the period commencing on the Amendment No. 2 Effective Date and terminating on the Covenant Modification Period Termination Date. For the avoidance of doubt, only one Covenant Modification Period may occur during the term of this Agreement, and no Covenant Modification Period may be in effect after the first date on which the Covenant Modification Period Termination Date occurs.
Covenant Modification Period means the period commencing on the date of the First Amendment, dated as of May 11, 2020, to this Agreement and ending on December 31, 2021.
Covenant Modification Period means the period commencing on the Amendment No. 1 Effective Date and ending on the first day of the fiscal quarter of the Company immediately following the fiscal quarter ending on or about April 30, 2021; provided that if the Company shall have delivered to the holders of the Notes a written notice of its desire to terminate the Covenant Modification Period as of an earlier date (which date shall be either prior to the last day of a fiscal quarter of the Company ending on or about July 31, 2020, October 31, 2020 or April 30, 2021 or the last day of the fiscal year of the Company ending on January 31, 2021), together with an Officer’s Certificate certifying that the Leverage Ratio (as defined in Section 9.8 hereof) measured for the period of four consecutive fiscal quarters ending on the last day of the most recent fiscal quarter of the Company ended on or prior to such earlier date, was not greater than 3.50 to 1.00, then the Covenant Modification Period shall terminate on such earlier date.
Covenant Modification Period the period from and including January 30, 2000 to and including April 29, 2000.
Covenant Modification Period. “Curative Equity”, “Cure Expiration Date”, “Financial Covenant Default”, “Financial Covenants”, “Liquidity”, “Test Period”, “13-Week Forecast” and “Transaction”. Section 1.1 of the Loan Agreement is hereby amended by adding the defined terms “Amendment No. 4 Closing Date”, “Availability Block”, “Covenant Modification Period”, “Curative Equity”, “Cure Expiration Date”, “Financial Covenant Default”, Financial Covenants”, “Liquidity”, Test Period”, “13-Week Forecast” and “Transaction” in the appropriate alphabetical order: Amendment No. 4 Closing Date: October 12, 2023. Availability Block: means (a) $15,000,000 during the months of February through September of each year, and (b) $10,000,000 during the months of October of any year through January of the following year. Covenant Modification Period: the period commencing on July 1, 2023, and continuing up to and including December 31, 2024.
Covenant Modification Period means the period commencing on the Amendment No. 1 Effective Date and ending on the first day of the fiscal quarter of the Company immediately following the fiscal quarter ending on or about April 30, 2021 (such date, the “Covenant Modification Period Termination Date”); provided that if the Company shall have delivered to the Administrative Agent a written notice of its desire to terminate the Covenant Modification Period as of an earlier date (which date shall be either prior to the last day of a fiscal quarter of the Company ending on or about July 31, 2020, October 31, 2020 or April 30, 2021 or the last day of the fiscal year of the Company ending on January 31, 2021), together with a Compliance Certificate of a Responsible Officer of the Company certifying that Leverage Ratio measured for the period of four consecutive fiscal quarters ended with the most recent fiscal quarter of the Company ended on or prior to such earlier date, was not greater than 3.50 to 1.00, then the Covenant Modification Period shall terminate on such earlier date and “Covenant Modification Period Termination Date” shall refer to such earlier date.
Covenant Modification Period means the period commencing on the date hereof and ending immediately prior to the last day of the fiscal quarter of the Borrower ending on or about September 30, 2022; provided that if the Borrower shall have delivered to the Administrative Agent a written notice of its desire to terminate the Covenant Modification Period as of an earlier date, together with a certificate of a Responsible Officer of the Borrower certifying that the ratio of Consolidated EBITDA to Consolidated Interest Expense, in each case, measured for the period of four consecutive fiscal quarters ended with the most recent fiscal quarter of the Borrower ended on or prior to such earlier date, was not less than 4.00 to 1.00, then the Covenant Modification Period shall terminate on such earlier date.