Relief Period definition

Relief Period means the period commencing on the Amendment No. 2 Effective Date and terminating on the Relief Period Termination Date. For the avoidance of doubt, only one Relief Period may occur during the term of this Agreement, and no Relief Period may be in effect after the first date on which the Relief Period Termination Date occurs.

Relief Period has the meaning specified in Section 7.09.

Relief Period means the period from the first day of the first full fiscal quarter ended after the First Amendment Effective Date and ending on (but not including) the Relief Period Termination Date.

Examples of Relief Period in a sentence

• The Baseline Verification Methodology will be used by the Company to verify the actual Load Relief provided (measured in kW and kWh) during each hour of each designated Load Relief Period or Test Event.

• Event Performance Factors under Auto-DLM: When an Auto-DLM or Term-DLM Event is called, is the ratio of: (i) the average hourly kW of Load Relief provided during the Load Relief Period up to the kW of contracted Load Relief to (ii) the kW of contracted Load Relief.

• The Company incurs interest at the high end of the ranges outlined above during the Covenant Relief Period or if its net Total Debt to Adjusted EBITDA ratio is above 4.00:1.00.

• Event Performance Factors under Auto-DLM: When an Auto-DLM or Term-DLM Event is called, it is the ratio of: (i) the average hourly kW of Load Relief provided during the first four hours of the Load Relief Period up to the kW of contracted Load Relief to (ii) the kW of contracted Load Relief.

• If an Aggregator is served under this Program, only the Aggregator will be notified of the Load Relief Period or Test Event.

More Definitions of Relief Period

Relief Period means the period commencing on the First Amendment Effective Date and continuing until the date (such earlier date, the “Relief Period Termination Date”) which is the earlier to occur of: (a) the date specified as the “Relief Period Termination Date” in a written notice from the Company to the Administrative Agent (which written notice shall be delivered to the Administrative Agent five (5) Business Days prior to the “Relief Period Termination Date” specified in such notice) and (b) the date on which both (i) the financial statements required by Section 6.01(b) and (ii) the Compliance Certificate required by Section 6.02(a), in each case, for the fiscal quarter ending March 31, 2025, shall have been delivered to the Administrative Agent by the Company (or, if earlier, the date on which such statements and certificate were required to be delivered to the Administrative Agent pursuant to such Sections).

Relief Period has the meaning specified in the Current Credit Agreement (as in effect on the First Amendment Effective Date).

Relief Period means, (a) with respect to a Phase I Program Receivable, the related deferral period (not to exceed thirty (30) days) during which no Scheduled Receivable Payments are due in accordance with the COVID-19 Customer Relief Program, and (b) with respect to a Phase II Program Receivable, the related period (not to exceed ninety (90) days) during which Scheduled Receivable Payments are reduced in accordance with the COVID-19 Customer Relief Program.

Relief Period the period commencing on the Closing Date and ending on the earlier of (1) the first day of the fiscal quarter of the Parent Borrower ended March 31, 2023 and (2) the date as of which LTM Consolidated EBITDA, as reflected in a Compliance Certificate, is not less than $650,000,000.

Relief Period means the period commencing on the First Amendment Effective Date and continuing through March 31, 2021.

Relief Period the period commencing on July 1, 2020 through (but not including) the Relief Period Termination Date.

Relief Period means the five fiscal quarters ending March 31, 2020, June 30, 2020, September 30, 2020, December 31, 2020 and March 31, 2021.