TrueUp Conditions

TrueUp Conditions. With respect to any True-Up Payment, a set of conditions that is satisfied so long as (i) the Borrowers are in compliance with the financial covenant set forth in Clause 8.3.1(i) as of the most recently completed test period ending prior to the proposed date of such True-Up Payment for which financial statements have been delivered pursuant to Clause 8.1.9 and would be in compliance with such financial covenant after giving pro forma effect to such True-Up Payment as if such transaction had... occurred as of the first day of such test period and (ii) no Major Default (unless such Major Default is solely as a result of failure to make such True-Up Payment in breach of Clause 9.1.6) shall have occurred and be continuing at the time of, or would immediately result from, the making of such True-Up Payment; View More