First Adjustment Date definition

First Adjustment Date see the definition of “Adjustment Date”.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

First Adjustment Date has the meaning assigned to it in Section 1.4(a).

First Adjustment Date means the date on which the respective Applicable Margins determined pursuant to Section 2.3(e) hereof in respect of the financial statements for the fiscal period ended September 30, 2007 (as described in and delivered pursuant to Section 6.1 hereof) first become effective in accordance with Section 2.3(e) hereof.”

Examples of First Adjustment Date in a sentence

• If FAPP equals zero, no adjustment to the Original Purchase Price shall be made for the First Adjustment Date.

• The Base Rent (and the corresponding Monthly Installments of Base Rent) set forth at Section 2a shall be adjusted annually (the "Adjustment Date"), commencing on Tenant's First Adjustment Date.

• If the Comparison Index for any Adjustment Date is equal to or less than the Comparison Index for the preceding Adjustment Date (or the Base Index, in the case of First Adjustment Date), the Base Rent for the ensuing twelve-month period shall remain the amount of Base Rent payable during the preceding twelve-month period.

• Parent shall then calculate the "First Adjustment to Purchase Price" ------ as follows: FAPP = FADV - OPP where FAPP is the First Adjustment to Purchase Price; FADV is the First Adjustment Date Value as calculated on the First Adjustment Date using the Valuation Method; and OPP is the Original Purchase Price.

• In no event shall the Fixed Rental Rate as adjusted with respect to any 12 calendar month period during the Base Term be less than the Fixed Rental Rate payable for the period from the Rent Commencement Date through, but not including, the First Adjustment Date whether or not there shall be a decrease in the Consumer Price Index.

More Definitions of First Adjustment Date

First Adjustment Date means the date which is 180 days after the Issuance Date.

First Adjustment Date means the earlier of (i) the date that is six (6) months after the Effective Date, or (ii) provided that Borrower is in compliance with the terms and provisions of this Agreement and no Event of Default or Unmatured Event of Default shall exist, the date selected by Borrower by written notice to Administrative Agent. Any such election by Borrower shall be irrevocable.

First Adjustment Date shall have the meaning set forth in Subsection 4.2.1.

First Adjustment Date means the tenth (10th) day following the date on which the monthly financial statements of Obligors and their Subsidiaries shall have been delivered to Bank pursuant to Section 5.1(b) for the Fiscal Month ending on October 31, 2008, accompanied by a Pricing Certificate including a written calculation of the Consolidated Leverage Ratio for the period of twelve (12) consecutive Fiscal Months ending on the last day of such Fiscal Month.

First Adjustment Date shall have the meaning assigned to such term in Paragraph 3 of Exhibit D hereto.

First Adjustment Date means five (5) Business Days after the date on which the Agent receives Consolidated financial statements of the Borrower and its Subsidiaries pursuant to Section 7.1(a) for and as of the fiscal quarter of the Borrower ending July 31, 1999.

First Adjustment Date shall have the meaning ascribed to such term in Section 1.04(b);