Covenant Relief Period definition

Covenant Relief Period means the period commencing on the Amendment No. 1 Effective Date and ending on and including December 31, 2022.

Covenant Relief Period means the period commencing on the Amendment No. 4 Effective Date through the Covenant Relief Period Termination Date.

Covenant Relief Period means the period commencing on the First Amendment Effective Date and ending on (and including) the date of delivery of the Compliance Certificate for the fiscal quarter ending March 31, 2024, if such Compliance Certificate demonstrates compliance with Section 7.07.”

Examples of Covenant Relief Period in a sentence

• In late August 2013, Mr Mantach spoke with Mr Armato and told him that these CML amounts no longer needed to be charged.

• At all times during the Covenant Relief Period, the Company will comply with the Hedging Plan as in effect on the Effective Date.

• During the Covenant Relief Period, the Company shall pay the reasonable fees and expenses of (i) XxXxxxxx and XxxXxxxxxxx Canada Limited or another petroleum engineer engaged by the Majority Noteholders (or legal counsel on their behalf) and (ii) FTI Consulting, Inc.

• In June 2020, the Paramount Facility was amended, which amendments included:• a period of financial covenant relief to and including June 30, 2021 (the "Covenant Relief Period"), providing for a full waiver of the Senior Secured Debt to Consolidated EBITDA covenant and a reduction of the Consolidated EBITDA to Consolidated Interest Expense covenant in certain periods; and • a decrease in the size of the Paramount Facility to $1.0 billion.

• The Covenant Relief Period may be terminated prior to its expiry at the Company’s election.

More Definitions of Covenant Relief Period

Covenant Relief Period means the period commencing on the First Amendment Effective Date and ending on the earlier of (a) the date on which the Administrative Agent receives a Covenant Relief Period Termination Notice from the Initial Borrower and (b) the date on which the Administrative Agent receives from the Initial Borrower the Compliance Certificate and the financial statements delivered pursuant to Section 5.04(b) in respect of the fiscal quarter ending September 30, 2021 (such earlier date, the “Covenant Relief Period Termination Date”).

Covenant Relief Period means the period from March 1, 2015 to and including March 30, 2017, or, with the consent of the Company, such earlier date as all of the holders of the Notes may agree in their sole discretion.

Covenant Relief Period means the period beginning on the Second Amendment Effective Date through and including the last day of the fiscal quarter ending June 30, 2021.

Covenant Relief Period means the period from and including the Third Amendment Date to and including the earlier of (i) July 2, 2021 and (ii) the last day of the Fiscal Quarter in which the Borrower has delivered written notice to the Administrative Agent that it elects to terminate the Covenant Relief Period as of the end of such Fiscal Quarter; provided, that any such notice from the Borrower to end the Covenant Relief Period shall be irrevocable.

Covenant Relief Period means the period commencing on June 30, 2020, and ending on (and including) the Covenant Relief Period Termination Date.

Covenant Relief Period means the period commencing on the Second Amendment Effective Date through (but not including) the Covenant Relief Period Termination Date.

Covenant Relief Period means the period commencing on the First Amendment Effective Date and ending on the earlier of (i) the date on which Administrative Agent receives a Covenant Relief Period Termination Notice from the Company (this clause (i), an “Early Covenant Relief Termination”) and (ii) the day immediately following the date on which a Compliance Certificate is delivered pursuant to Section 7.02 for the Fiscal Quarter ending June 30, 2021 (such earlier date, the “Covenant Relief Period Termination Date”).