TLR Certificate definition
TLR Certificate a certificate, in form and substance satisfactory to the Administrative Agent, signed by a duly authorized Responsible Officer of the Borrower and delivered to the Administrative Agent at the Borrower's election at any time prior to September 30, 2007, pursuant to which the Borrower agrees to comply with (i) reduced Consolidated Leverage Ratio covenant levels in Section 7.1(a) of 4.25 to 1.00 for FQ3 2004, or if later, the first fiscal quarter ending after the date of such certificate, through and including FQ2 2007 and (ii) reduced Consolidated Senior Secured Leverage Ratio covenant levels in Section 7.1(b) of 2.00 to 1.00 for FQ3 2004, or, if later, the first fiscal quarter ending after the date of such certificate, through and including FQ3 2007, and agrees that the Borrower's failure to comply with such reduced covenant levels shall constitute an immediate Event of Default.