Leverage Adjustment Date definition

Leverage Adjustment Date means, with respect to the end of any fiscal quarter, the first Business Day immediately following the earlier of (a) the receipt by the Administrative Agent of a Compliance Certificate delivered in accordance with Section 6.02(b)(i) for such fiscal quarter reflecting that the Total Leverage Ratio has changed in a manner that causes a change in the Leverage Adjustment; and (b) if the Borrower has not delivered the Compliance Certificate for such fiscal quarter-end as required by such Section in a timely manner but the Administrative Agent becomes aware that the Leverage Adjustment has changed (such determination to be made in the reasonable discretion of the Administrative Agent), the date the Administrative Agent becomes aware that the Leverage Adjustment has changed.
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Leverage Adjustment Date means, with respect to the end of any fiscal quarter, the first Business Day immediately following the earlier of (a) the receipt by the Administrative Agent of a Compliance Certificate delivered in accordance with Section 6.02(b)(i) (or, if applicable, pursuant to the terms of the Replaced Credit Facility) for such fiscal quarter reflecting that the Total Leverage Ratio has changed in a manner that causes a change in the Leverage Adjustment; and (b) if the Borrower has not delivered the Compliance Certificate for such fiscal quarter-end as required by such Section (or the Replaced Credit Facility) in a timely manner but the Administrative Agent becomes aware that the Leverage Adjustment has changed (such determination to be made in the reasonable discretion of the Administrative Agent), the date the Administrative Agent becomes aware that the Leverage Adjustment has changed.
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Leverage Adjustment Date means, with respect to the end of any fiscal quarter, the first Business Day immediately following the earlier of (a) the receipt by the Administrative Agent of a Compliance Certificate delivered in accordance with Section 6.02(b)(i) for such fiscal quarter reflecting that the Total Leverage Ratio has changed in a manner that causes a change in the Leverage Adjustment; and (b) if the Borrower has not delivered the Compliance Certificate for such fiscal quarter- end as required by such Section in a timely manner but the Administrative Agent becomes aware that the Leverage Adjustment has changed (such determination to be made in the reasonable discretion of the Administrative Agent), the date the Administrative Agent becomes aware that the Leverage Adjustment has changed.”
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Examples of Leverage Adjustment Date in a sentence

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More Definitions of Leverage Adjustment Date

Leverage Adjustment Date means, with respect to any fiscal period of the Borrower beginning with the fiscal quarter ending December 31, 2004, the fifth (5th) day (or, if such day is not a Business Day, on the next succeeding Business Day) after delivery by the Borrower in accordance with (i) Section 6.1(a) or Section 6.1(b), as the case may be, of financial statements as of the end of and for such fiscal period and (ii) Section 6.2(a), of a duly completed Compliance Certificate with respect to such fiscal period. Until the first Leverage Adjustment Date, each Applicable Margin Percentage shall be determined in accordance with the above matrix as if the Leverage Ratio were less than 2.0 to 1.0 but greater than or equal to 1.0 to 1.0 (notwithstanding the actual Leverage Ratio). On each Rating Adjustment Date (as hereinafter defined), the Applicable Margin Percentage for the Tranche B Term Loans shall be adjusted effective as of such date in accordance with the appropriate matrix above. If the rating system of Standard & Poor’s or Moody’s changes, or if any such rating agency ceases to be in the business of rating corporate debt obligations, the
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Leverage Adjustment Date means, in respect of a particular Leverage Event, a date falling not later than (i) two Business Days after the determination of such Leverage Event by the Calculation Agent pursuant to Section 5.1(i) of Schedule 2 to Annex 4 to the Series Prospectus; or (ii) three Business Days after the determination of such Leverage Event by the Calculation Agent pursuant to Section 5.1(ii) of Schedule 2 to Annex 4 to the Series Prospectus
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Related to Leverage Adjustment Date

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.C.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Adjustment Date As to each Adjustable Rate Mortgage Loan, each date on which the related Mortgage Rate is subject to adjustment, as provided in the related Mortgage Note.

  • Rate Adjustment Date With respect to each ARM Loan, the date on which the Note Rate adjusts.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Capitalization Date has the meaning set forth in Section 3.2(a).

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.

  • Interest Rate Adjustment Event means the occurrence of any of the following:

  • Initial Adjustment Date As to any Adjustable Rate Mortgage Loan, the first Adjustment Date following the origination of such Mortgage Loan.

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Fully Diluted Weighted Average Basis means, when calculating the number of Outstanding Units for any period, a basis that includes (a) the weighted average number of Outstanding Units during such period plus (b) all Partnership Interests and Derivative Partnership Interests (i) that are convertible into or exercisable or exchangeable for Units or for which Units are issuable, in each case that are senior to or pari passu with the Subordinated Units, (ii) whose conversion, exercise or exchange price, if any, is less than the Current Market Price on the date of such calculation, (iii) that may be converted into or exercised or exchanged for such Units prior to or during the Quarter immediately following the end of the period for which the calculation is being made without the satisfaction of any contingency beyond the control of the holder other than the payment of consideration and the compliance with administrative mechanics applicable to such conversion, exercise or exchange and (iv) that were not converted into or exercised or exchanged for such Units during the period for which the calculation is being made; provided, however, that for purposes of determining the number of Outstanding Units on a Fully Diluted Weighted Average Basis when calculating whether the Subordination Period has ended or Subordinated Units are entitled to convert into Common Units pursuant to Section 5.7, such Partnership Interests and Derivative Partnership Interests shall be deemed to have been Outstanding Units only for the four Quarters that comprise the last four Quarters of the measurement period; provided further, that if consideration will be paid to any Group Member in connection with such conversion, exercise or exchange, the number of Units to be included in such calculation shall be that number equal to the difference between (x) the number of Units issuable upon such conversion, exercise or exchange and (y) the number of Units that such consideration would purchase at the Current Market Price.

  • Adjustment Day means the first calendar day in each month.

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • Event Date shall have the meaning set forth in Section 2(d).

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Call Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Issuer’s Call Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non- waivable by either the Issuer or the Holder.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Adjusted Value as used in subdivision (d) means:

  • Capitalization Rate means six and one-half percent (6.50%).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;