Initial Financial Statement Delivery Date means the date on which Section 9.1 Financials are delivered to the Administrative Agent under Section 9.1 for the first full fiscal quarterly or annual period of the Borrower completed after the Closing Date.
Initial Financial Statement Delivery Date means the date on which Section 9.1 Financials are delivered to the Administrative Agent under Section 9.1(a) or (b) for the first full fiscal quarter of the Borrower commencing after the SecondFourth Amendment Effective Date.
Initial Financial Statement Delivery Date means the date on which Section 9.1 Financials are delivered to the Administrative Agent for the fiscal year of the Borrower ended January 1, 2023.
Examples of Initial Financial Statement Delivery Date in a sentence
After the Initial Financial Statement Delivery Date, any change in the Consolidated Total Net Leverage Ratio shall be effective to adjust the Applicable Fee Percentage for the Closing Date Revolving Facility on and as of the date of receipt by Administrative Agent of the Section 9.04 Financials resulting in such change until the date immediately preceding the next date of delivery of Section 9.04 Financials resulting in another such change.
Less than or equal to 3.75:1.00 0.25 % Notwithstanding anything to the contrary in this definition, during the period from the Closing Date until the Initial Financial Statement Delivery Date, the Commitment Fee Rate shall be determined by “Pricing Level 1” set forth in the table above.
Less than or equal to 3.75:1.00 3.25 % 2.25 % -6- Notwithstanding anything to the contrary in this definition, during the period from the Closing Date until the Initial Financial Statement Delivery Date, the Applicable Margin for Revolving Credit Loans and the Swingline Loans shall be determined by reference to the applicable “Pricing Level 1” set forth in the tables above.
More Definitions of Initial Financial Statement Delivery Date
Initial Financial Statement Delivery Date means the date on which Section 9.04 Financials are delivered to Administrative Agent under Section 9.04(a) for the fiscal quarter ending June 30, 2022.
Initial Financial Statement Delivery Date means the date on which Section 9.1 Financials are delivered to the Administrative Agent under Section 9.1 for the first full fiscal quarterly or annual, as applicable, period of the Borrower completed after the Closing Date. “Initial Term Loan” shall have the meaning provided in Section 2.1(a). “Initial Term Loan Commitment” shall mean (a) in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s “Initial Term Loan Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Xxxxxx’s “Initial Term Loan Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the Total Initial Term Loan Commitment, in each case as the same may be changed from time to time pursuant to the terms hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $465,000,000. “Initial Term Loan Facility” shall have the meaning provided in the recitals to this Agreement. “Initial Term Loan Lender” shall mean a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan. “Initial Term Loan Maturity Date” shall mean the seventh anniversary of the Closing Date or, if such anniversary of the Closing Date is not a Business Day, the Business Day immediately following such anniversary date. “Initial Term Loan Repayment Amount” shall have the meaning provided in Section 2.5(b). “Initial Term Loan Repayment Date” shall have the meaning provided in Section 2.5(b). “Initial Term Loans” shall have the meaning provided in Section 2.1(a). -61- #96562806v11
Initial Financial Statement Delivery Date means the date on which Section 11.1 Financials are delivered to the Lenders under Section 11.1 for the first full fiscal quarter commencing after the Credit Agreement Closing Date.
Initial Financial Statement Delivery Date shall have the meaning set forth in Section 11.1(a) of the Agreement.
Initial Financial Statement Delivery Date means the date on which the financial statements are delivered to the Agent under Section 5.01(a)(i) for the first full fiscal quarter commencing after the Closing Date. Sealed Air — Credit Agreement
Initial Financial Statement Delivery Date means the date on which Section 9.1 Financials are delivered to the Administrative Agent under Section 9.1(b) for the fiscal quarter ended March 31, 2014. “Initial Term Loan Facility” shall have the meaning provided in the recitals to this Agreement. “Intellectual Property” shall have the meaning provided for such term or a similar term in the Security Agreement. “Intercompany Note” shall mean the Intercompany Subordinated Note, dated as of the Closing Date, substantially in the form of Exhibit O, executed by the Borrower and each other Subsidiary of the Borrower party thereto. “Interest Coverage Ratio” shall mean, as of any date of determination, the ratio of (a) Consolidated EBITDA for the most recently ended Test Period ended on or prior to such date of determination to (b) Consolidated Interest Expense for such Test Period. “Interest Period” shall mean, with respect to any EurodollarSOFR Loans, the interest period applicable thereto, as determined pursuant to Section 2.9. “Investment” shall have the meaning provided in Section 10.5. “ISP” shall mean, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). “Issuer Documents” shall mean with respect to any Letter of Credit, any Letter of Credit Request, and any other document, agreement and instrument entered into by the applicable Letter of Credit Issuer and the Borrower (or any Restricted Subsidiary) or in favor of such Letter of Credit Issuer and relating to such Letter of Credit.
Initial Financial Statement Delivery Date means the date on which Section 9.1 Financials are delivered to the Lenders under Section 9.1 for the first full fiscal quarter ending after the Closing Date. “Initial Test Period” shall have the meaning provided in Section 11.12(a)(i). “Initial Yield” shall mean, with respect to any Indebtedness, the amount, as determined by the Administrative Agent, equal to the sum of (x) (i) in the case of Indebtedness subject to interest rates determined by reference to a LIBOR based rate, the one month Adjusted LIBO Rate (giving effect to any “floor” or minimum rate applicable to such Indebtedness) plus the margin above the Adjusted LIBO Rate applicable to such Indebtedness and (ii) in the case of Indebtedness not subject to interest rates determined by reference to a LIBOR based rate, the applicable per annum interest rate applicable to such Indebtedness, and (y) if any discount applies to such Indebtedness or the Lenders making the same receive a fee (other than any customary arrangement, structuring or commitment fees payable in connection therewith to, and retained by, the arrangers or underwriters thereof in their capacity as such) directly or indirectly from (or on behalf of) any Parent Guarantor, the Borrower or any of their respective Subsidiaries, the amount of such discount or fee, expressed as a percentage of the Indebtedness subject to such discount or fee, divided by the lesser of (x) four and (y) the Weighted Average Life to Maturity of such Indebtedness. Notwithstanding the foregoing, any “floor” or minimum rate shall only be taken into account in calculating the Initial Yield to the extent such “floor” or minimum rate exceeds the Adjusted LIBO Rate then in effect (without giving effect to clause (a) of the definition of “Adjusted LIBO Rate”). “Intercreditor Agreement” shall mean a Pari Passu Intercreditor Agreement or a Second Lien Intercreditor Agreement, as applicable. “Interest Period” shall mean, with respect to any Term Loan or Revolving Credit Loan, the interest period applicable thereto, as determined pursuant to Section 2.9. “Interpolated Rate” shall mean, in relation to any LIBOR Loan, the rate per annum determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the applicable LIBO Rate for the longest period (for which the applicable LIBO Rate is available deposits in Dollars) that is shorter than the...