Restatement Condition definition

Restatement Condition means that, upon giving effect to any Restatement, the Cumulative Pre-Tax Income shall not be less than the Reported Cumulative Pre-Tax Income by more than $244.40 million.
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Examples of Restatement Condition in a sentence

  • The undersigned Lenders hereby waive any Default arising under clause (a) of Article VII of the Credit Agreement to the extent, but only to the extent, any such Default results from an incorrect representation under Section 5.5 or 5.11 made prior to the Amendment Effective Date (as defined below), but only to the extent such representation was incorrect when made as a result of changes made pursuant to the Financial Restatement that comply with the Financial Restatement Condition.

  • The undersigned Lenders hereby waive any Default arising under clause (c) of Article VII of the Credit Agreement to the extent, but only to the extent, any such Default results from a failure to comply with Section 6.1 prior to the Amendment Effective Date (as defined below), but only to the extent such failure to comply was a result of changes made pursuant to the Financial Restatement that comply with the Financial Restatement Condition.