Override Period definition

Override Period means the period beginning on the Effective Date and ending on the date on which all amounts payable under the Finance Documents to the Finance Parties have been paid in full and no Participating Creditor is under any further obligation under any Finance Document.
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Override Period means any period of time during which either of the following events shall have occurred and shall be continuing: (i) the long-term unsecured, unenhanced Indebtedness of Danka PLC shall be rated BBB-, or higher, by Standard & Poors Ratings Services, and Baa3, or higher, by Moodx'x Xxxestors Service, Inc., or (ii) the Consolidated Total Leverage Ratio for the four consecutive fiscal quarters of Danka PLC most recently ended is less than 2.00 to 1.00.
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Override Period means the override period detailed in the Prospectus, in particular, under “Financial Information”.
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Examples of Override Period in a sentence

  • RepaymentNo fixed amortisation schedule applies during the Override Period, with all debt outstanding becoming due at the end of the Override Period as referred to above.Following the Override Period, subject to certain conditions being met, the existing international lenders have agreed to provide new debt facilities on certain agreed terms.

  • Equity compensation warrants that may be issued by the Company during the Override Period will be convertible into Shares either at any further public offering of Shares, upon a change of control or at the end of the Override Period.

  • Craig, Gadgil, and Koomey (2002) came to similar conclusions in their review of long-term energy forecasts for the US that were made between 1950 and 1980.• Given even modest uncertainty, prediction intervals are enormous.

  • The debt restructuring agreements permit the Group to incur capital expenditure, within certain limits, during the Override Period in relation to this project.

  • Warrants Fee Warrants issued on the first day of the Override Period were automatically converted into Shares on the date of the Global Offering.

  • Construction of the smelter has been temporarily suspended as the debt restructuring agreements generally prohibit the Company from incurring capital expenditure in relation to this project until the end of the Override Period but permit the Company to fund development of the project on a project finance (non-recourse) basis or through certain equity investments in the project.

  • The details of the principal restructuring terms are set out below:The International Override Agreement and Russian and Kazakh override agreements impose certain obligations on the Group during the Override Period and harmonises the pricing and amortisation schedule of existing facilities.

  • The Company is obliged to dispose of assets and/or raise equity or subordinated debt by the end of the Override Period sufficient to generate net proceeds of at least USD2.4 billion.

  • Compliance with this obligation is tested only once, at the end of the Override Period.

  • The Company has the option to refinance any indebtedness outstanding as at the end of the Override Period out of any other sources.However, the net proceeds raised from asset disposals and equity, subordinated and other debt fund raisings (including the proceeds of the Global Offering) and excess cashflow (subject to the Group being allowed to retain a USD400 million cash buffer) must be applied to repay the Group’s outstanding indebtedness on a pro rata basis.

Related to Override Period

  • Overlap Period means any taxable year or other taxable period beginning on or before and ending after the Closing Date.

  • Net metering period means the 12-month period following the date of final interconnection of the

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Retention Period means the minimum time that must pass after the creation, recording, or receipt of a record, or the fulfillment of certain actions associated with a record, before it is eligible for destruction.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Use Period means the period commencing on the date that the ABL Agent or an agent acting on its behalf (or an ABL Credit Party acting with the consent of the ABL Agent) commences the liquidation and sale of the ABL Priority Collateral in a manner as provided in Section 3.6 hereof (having theretofore furnished the Controlling Term Agent with an Enforcement Notice) and ending 180 days thereafter. If any stay or other order that prohibits any of the ABL Agent, the other ABL Secured Parties or any ABL Credit Party (with the consent of the ABL Agent) from commencing and continuing to Exercise Any Secured Creditor Remedies or from liquidating and selling the ABL Priority Collateral has been entered by a court of competent jurisdiction, such 180-day period shall be tolled during the pendency of any such stay or other order and the Use Period shall be so extended.

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • Net Long Position means: such shares of Common Stock Beneficially Owned, directly or indirectly, that constitute such person’s net long position as defined in Rule 14e-4 under the Exchange Act mutatis mutandis, provided that “Net Long Position” shall not include any shares as to which such person does not have the right to vote or direct the vote; and the terms “person” or “persons” shall mean any individual, corporation (including not-for-profit), general or limited partnership, limited liability or unlimited liability company, joint venture, estate, trust, association, organization or other entity of any kind or nature.

  • Marketing Period means the first period of 21 consecutive business days throughout and on the last day of which (a) Parent, Merger Sub and their financing sources shall have received completed Offering Documents including Required Information (including the Required Information with respect to the Company’s fiscal year ended January 25, 2010) for all of the Available Financing, and such Required Information contained in all of the Offering Documents is Compliant, (b) all conditions set forth in Section 6.1 and Section 6.2 (other than those that by their nature will not be satisfied until the Effective Time) have been satisfied and nothing has occurred and no condition exists that would cause any of the conditions set forth in Section 6.1 or Section 6.2 not to be satisfied assuming the Effective Time were to be scheduled for any time during such consecutive 21 business day period, and (c) the Company shall have provided all cooperation which it is obligated to provide under the terms of Section 5.5. Notwithstanding the foregoing, the “Marketing Period” shall not commence and shall be deemed not to have commenced if, on or prior to the completion of such consecutive 21 business day period, (x) the Company shall have announced any intention to restate any financial statements or financial information included in the Required Information or that any such restatement is under consideration or may be a possibility, in which case the Marketing Period will be deemed not to commence unless and until such restatement has been completed and the applicable Required Information has been amended or the Company has announced that it has concluded that no restatement shall be required, (y) the Company shall have failed to file any report with the applicable Securities Authorities when due, in which case the Marketing Period will be deemed not to commence unless and until all such reports have been filed, or (z) the Required Information would not be Compliant throughout and on the last day of such 21 business day period, in which case a new 21 business day period shall commence upon Parent, Merger Sub and their financing sources receiving updated Required Information that would be Compliant, and the requirements in clauses (a) and (b) above would be satisfied throughout and on the last day of such new 21 business day period. In no event may a “Marketing Period” commence any later than July 27, 2010, unless at Parent’s election a Marketing Period commenced after such date terminates no later than August 24, 2010.

  • Affiliation period means a period which, under the terms of the health insurance coverage offered

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Tariff period means the period for which tariff is to be determined by the Commission on the basis of norms specified under these Regulations;

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • ROFO Period is defined in Section 6.1(a).

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Tax Limitation Period means the Tax Years for which the Applicant’s Qualified Property is subject to the Tax Limitation Amount and as further identified in Section 2.3.D of this Agreement.

  • Participation Period means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

  • Grant Period means the period between Effective Date and Expiration Date of the Grant Award Agreement during which time expenditure of all grant funds and all contributions to match must be made.

  • Limitation Period means any period while any amount remains owing on the Note and interest on such amount, calculated at the applicable interest rate, plus any fees or other sums payable under any Loan Document and deemed to be interest under applicable law, would exceed the amount of interest which would accrue at the Highest Lawful Rate.

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Post-Closing Period means any taxable period or portion thereof beginning after the Closing Date. If a taxable period begins on or before the Closing Date and ends after the Closing Date, then the portion of the taxable period that begins on the day following the Closing Date shall constitute a Post-Closing Period.

  • Payback Period means the reasonably estimated period of time that it takes for the cost savings resulting from a capital improvement to equal the total cost of the capital improvement. Landlord, by itself or through an affiliate, shall have the right to directly perform, provide and be compensated for any services under this Lease. If Landlord incurs Expenses for the Building or Property together with one or more other buildings or properties, whether pursuant to a reciprocal easement agreement, common area agreement or otherwise, the shared costs and expenses shall be equitably prorated and apportioned between the Building and Property and the other buildings or properties.