Ratio Adjustment Period definition

Ratio Adjustment Period means the period commencing on the last day of the Covenant Relief Period and ending on the date which is the earliest of (i) the date the Borrower has delivered a notice (which notice shall certify that the requirements have been met to deliver such notice) to the Administrative Agent electing to terminate the Ratio Adjustment Period; provided that such notice cannot be provided sooner than the last day of the Restriction Period, (ii) the date the Borrower has delivered a notice to the Administrative Agent to effect the Security Release Date and (iii) AprilJuly 1, 2023.
Sample 1
Ratio Adjustment Period means the period commencing on the last day of the Covenant Relief Period and ending on the date which is the earliest of (i) the date the Borrower has delivered a notice (which notice shall certify that the requirements have been met to deliver such notice) to the Administrative Agent electing to terminate the Ratio Adjustment Period; provided that such notice cannot be provided sooner than the last day of the Restriction Period, (ii) the date the Borrower has delivered a notice to the Administrative Agent to effect the Security Release Date and (iii) April 1, 2023.
Sample 1
Ratio Adjustment Period means, the period commencing on the First Amendment Effective Date and ending on the date which is the date the Borrower Representative has delivered a Compliance Certificate pursuant to Section 5.09.5 which contains calculations demonstrating that the Total Net Leverage Ratio is less than 3:00 to 1.00 for the applicable Measurement Period.
Sample 1

Examples of Ratio Adjustment Period in a sentence

  • For the avoidance of doubt, no Revolving Credit Loans shall be made by the Revolving Credit Lenders during the Ratio Adjustment Period.

Related to Ratio Adjustment Period

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Adjustment ratio means the value of index A divided by index

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Adjusted Dilution Ratio means, at any time, the rolling average of the Dilution Ratio for the 12 Calculation Periods then most recently ended.

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Adjusted Leverage Ratio means, as of any date, the ratio of (a) Consolidated Total Funded Debt outstanding as of such date minus any Unrestricted Cash over $3,000,000 to (b) EBITDA for the period of four consecutive fiscal quarters ending on such date.

  • 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.

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Adjusted Quick Ratio is the ratio of (a) Quick Assets to (b) Current Liabilities minus the current portion of Deferred Revenue.

  • MCE Valuation Period means, subject to any extension (as described in further detail in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange; and

  • Capitalization Rate means 7.00%.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

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

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

  • 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.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.