Definition of Temporary Increase Period

  1. Temporary Increase Period means with respect to any calculation of the Total Leverage Ratio and Senior Leverage Ratio, (i) any period (a) beginning on the date of the delivery of the notice required pursuant to the following clause (ii) for a Material Joint Venture Project with respect to which the Borrowers do not exercise their option to make a Material Project EBITDA Adjustment, and ending on the last day of that fiscal quarter of the Consolidated Group occurring on or before the date that is twelve months after the Commercial Operation Date for such Material Joint Venture Project, or (b) beginning on the closing date of a Permitted Acquisition for which the aggregate consideration exceeds $40,000,000 and ending on the last day of the third fiscal quarter of the Consolidated Group ending after such closing date (provided, that if such closing date for such Permitted Acquisition occurs on the last day of a fiscal quarter of the Consolidated Group, the Temporary Increase Period for such Permitted Acquisition shall be the immediately following three full fiscal quarters of the Consolidated Group after such date, and if such closing date for such Permitted Acquisition occurs on a date that is not the last day of a fiscal quarter of the Consolidated Group, such Temporary Increase Period shall include the remainder of the fiscal quarter of the Consolidated Group in which such closing occurs and the immediately following two full fiscal quarters of the Consolidated Group after such fiscal quarter), and (ii) with respect to which the Borrowers have notified the Administrative Agent not less than 15 days (or such shorter time period as agreed by the Administrative Agent) (which such 15 days or such shorter period may be concurrent with, but may not begin before, the time period commencing upon Borrowers' Agent's delivery of a Material Project Designation Notice until the Material Project Designation Date) prior to an applicable Temporary Increase Period that the Borrowers will be exercising a Temporary Increase Period.

Examples of Temporary Increase Period in a sentence

  1. As a condition precedent to the effectiveness of this Amendment, Seller shall remit to Buyer a pro-rated facility fee (the "Additional Facility Fee") equal to the result of (i) the product of (a) [***] basis points [***], (b) $500,000,000 (representing the increase in the Committed Amount during the Temporary Increase Period), and (c) 60, divided by (ii) 360.

Definition of Temporary Increase Period in First Amendment Agreement

Temporary Increase Period means with respect to any calculation of the Total Leverage Ratio and Senior Leverage Ratio, (i) any period (a) beginning on the date of the delivery of the notice required pursuant to the following clause (ii) for a Material Joint Venture Project with respect to which the Borrowers do not exercise their option to make a Material Project EBITDA Adjustment, and ending on the last day of that fiscal quarter of the Consolidated Group occurring on or before the date that is twelve months after the Commercial Operation Date for such Material Joint Venture Project, or (b) beginning on the closing date of a Permitted Acquisition for which the aggregate consideration exceeds $40,000,000 and ending on the last day of the third fiscal quarter of the Consolidated Group ending after such closing date (provided, that if such closing date for such Permitted Acquisition occurs on the last day of a fiscal quarter of the Consolidated Group, the Temporary Increase Period for such Permitted Acquisition shall be the immediately following three full fiscal quarters of the Consolidated Group after such date, and if such closing date for such Permitted Acquisition occurs on a date that is not the last day of a fiscal quarter of the Consolidated Group, such Temporary Increase Period shall include the remainder of the fiscal quarter of the Consolidated Group in which such closing occurs and the immediately following two full fiscal quarters of the Consolidated Group after such fiscal quarter), and (ii) with respect to which the Borrowers have notified the Administrative Agent not less than 15 days (or such shorter time period as agreed by the Administrative Agent) (which such 15 days or such shorter period may be concurrent with, but may not begin before, the time period commencing upon Borrowers' Agent's delivery of a Material Project Designation Notice until the Material Project Designation Date) prior to an applicable Temporary Increase Period that the Borrowers will be exercising a Temporary Increase Period.


Definition of Temporary Increase Period in Third Amendment Agreement

Temporary Increase Period means the period from the First Amendment Effective Date through August 12, 2012.


Definition of Temporary Increase Period in Second Amended and Restated Credit Agreement

Temporary Increase Period means each period commencing on a Temporary Increase Effective Date and ending on the Temporary Increase Termination Date with respect thereto; provided that no more than two separate Temporary Increase Periods shall exist during any twelve (12) month period, unless otherwise agreed to in writing by Lender, in its sole and absolute discretion.