LCT Election definition

LCT Election has the meaning assigned to such term in Section 1.06.

LCT Election shall have the meaning provided in Section 1.12(b).

LCT Election has the meaning set forth in Section 1.10(b).

Examples of LCT Election in a sentence

• For the avoidance of doubt, if an LCT Election is made, the applicable conditions thereto shall not be tested at the time of consummation of such Limited Condition Transaction.

• For the avoidance of doubt, if the Borrower has made an LCT Election and any of the ratios or baskets for which compliance was determined or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio or basket (including due to fluctuations of the target of any Limited Condition Transaction) at or prior to the consummation of the relevant transaction or action, such baskets or ratios will not be deemed to have been exceeded as a result of such fluctuations.

• For the avoidance of doubt, if an LCT Election is made, then the applicable conditions thereto shall not be tested at the time of consummation of such Limited Condition Transaction.

• For the avoidance of doubt, if the Borrower has made an LCT Election and any of such provisions as of the LCT Test Date would have failed to have been satisfied as a result of fluctuations in the Secured Leverage Ratio or Total Leverage Ratio, at or prior to the consummation of the relevant transaction or action, such provisions will not be deemed to have failed to have been satisfied as a result of such fluctuations.

• For the avoidance of doubt, if the Company has made an LCT Election and any of such provisions as of the LCT Test Date would have failed to have been satisfied as a result of fluctuations in the applicable financial ratio, at or prior to the consummation of the relevant transaction or action, such provisions will not be deemed to have failed to have been satisfied as a result of such fluctuations.

More Definitions of LCT Election

LCT Election as defined in Section 1.4.

LCT Election as defined in Subsection 1.2(j).

LCT Election means the Borrower’s election to test the permissibility of a Limited Condition Transaction in accordance with the methodology set forth in Section 1.06.

LCT Election has the meaning provided in SECTION 1.09(a).

LCT Election means the Borrower’s election to treat a specified acquisition as a Limited Condition Transaction in accordance with Section 1.06.

LCT Election shall have the meaning provided in Section 1.12(f). “LCT Test Date” shall have the meaning provided in Section 1.12(f).

LCT Election means the Borrower’s election to test the permissibility of a Limited Condition Acquisition in accordance with the methodology set forth in Section 1.08.