Leniency Period definition
Leniency Period means the three (3) calendar months immediately following the end of the Deferral Period.
Leniency Period means the period beginning on May 1, 2020 and ending on September 30, 2020.
Examples of Leniency Period in a sentence
Borrowers’ minimum trailing six-month EBITDA shall be at least $600,000, measured on a monthly basis for all periods during the Leniency Period; and for each month thereafter, Borrowers’ minimum trailing three-month EBITDA shall be at least $300,000.