Temporary Waiver Period means the period beginning on the Second Amendment Effective Date and ending on the Temporary Waiver Period Termination Date.
Temporary Waiver Period as defined in the Waiver and Amendment.”
Temporary Waiver Period means (x) for purposes of the financial covenants contained in Section 11, the period of time beginning (and including) July 31, 2020, and ending on the earlier of (i) (and including) January 31, 2022, and (ii) the date on which the Borrower delivers a written notice to the Administrative Agent electing to terminate the Temporary Waiver Period (the “Financial Covenants Temporary Waiver Period”) and (y) for all other purposes, the period of time beginning (and including) July 31, 2020 and ending on (and excluding) the date the Administrative Agent receives the Companies’ Compliance Certificate for the Companies’ first fiscal quarter ending after the end of the Financial Covenants Temporary Waiver Period for which the Companies are in compliance with the financial covenants contained in Section 11.
Examples of Temporary Waiver Period in a sentence
If you elect to cancel your Membership, or let it lapse at the end of the Temporary Waiver Period, your Membership will be deemed terminated as of such date.
However, if you request Emergency Road Service during this Temporary Waiver Period, then you are obligated to pay your outstanding renewal fee at the time of such service.
If you renew your Membership after the Temporary Waiver Period, eAutorescue Emergency Road Service benefits become effective 48 hours after the purchase of your new Membership, and all other terms and conditions applicable to a new Membership will apply.
During this Temporary Waiver Period, we will continue to make Membership services available to you.
If you pay the renewal fee within the Temporary Waiver Period, your Membership will continue uninterrupted, and no additional fees will apply.
More Definitions of Temporary Waiver Period
Temporary Waiver Period means the period commencing on the Temporary Waiver Effective Date and ending on the earliest to occur of (i) November 30, 2018 (5:00 p.m. Eastern Standard Time) (the “Temporary Waiver Termination Date”) or (ii) the occurrence of any one or more of the following events: (A) the occurrence of any Default or Event of Default under the Credit Agreement, other than the Existing Defaults; (B) any failure by the Borrower or any Guarantor for any reason to comply with any term, condition, or provision contained in this Agreement (unless waived in writing by Administrative Agent and the Lenders); (C) any representation made by the Borrower or any Guarantor in this Agreement or pursuant to it is incorrect or misleading in any material respect when made; (D) any Material Adverse Effect shall occur as determined in good faith by the Administrative Agent or the Required Lenders; and (E) any act of fraud, intentional misrepresentation, criminal misconduct, or gross negligence by the Borrower or any Guarantor. The occurrence of any of the events set forth in the foregoing clauses (A) through (E) shall constitute an immediate Event of Default under the Credit Agreement and, in such event, the Temporary Waiver Period is automatically terminated and the Administrative Agent and the Lenders are then permitted and entitled under Section 7 of the Credit Agreement to, among other things, decline to provide additional credit to the Borrower, permanently terminate the Commitments, accelerate the Obligations, require cash collateral for outstanding Letters of Credit, and exercise any other rights and remedies that may be available under the Loan Documents or applicable law.
Temporary Waiver Period means the period of time beginning on the Amendment No. 1 Effective Date and ending on the earlier of (i) April 1, 2021 and (ii) the date on which the Borrower delivers a written notice to the Administrative Agent electing to terminate the Temporary Waiver Period, together with a Compliance Certificate evidencing, to the Administrative Agent’s reasonable satisfaction, the Borrower’s compliance with the financial covenants contained in Section 8.11 in effect from and after the Temporary Waiver Period.
Temporary Waiver Period means the period beginning on the Effective Date (as defined below) and ending March 31, 2013.
Temporary Waiver Period shall commence on March 31, 2016 and shall terminate immediately and automatically upon the earliest to occur of (i) May 31, 2016, at 11:59 pm New York time and (ii) the occurrence of a Temporary Waiver Termination Event (as defined below). Upon the occurrence of a Temporary Waiver Termination Event, the Temporary Waiver Period shall immediately end without the requirement of any demand, presentment, protest, notice or other action of any kind, all of which Borrowers and the other Loan Parties each waives, and the Agent and the Majority Specified Lenders shall be entitled to exercise all rights and remedies available under the Loan Documents and/or applicable law in respect of the Covered Default.
Temporary Waiver Period in Section 1.01 of the Existing Credit Agreement is hereby amended and restated as follows:
Temporary Waiver Period means the period from the date hereof to and including June 30, 1998; provided, however, that the Temporary Waiver Period shall terminate automatically, without notice, upon the occurrence of any Event of Default or any event or existence of any state of facts that would, with notice or passage of time, or both, constitute an Event of Default.
Temporary Waiver Period means the period commencing on the First Amendment Effective Date through August 8, 2005."