Examples of Senior Secured Debt in a sentence
Senior Secured Debt currently consists of amounts drawn on the Paramount Facility.
Borrowings under the Paramount Facility bear interest at the lenders’ prime lending rate, US base rate, bankers’ acceptance rate, or LIBOR, as selected at the discretion of the Company, plus an applicable margin which is dependent upon the Company’s Senior Secured Debt to Consolidated EBITDA ratio.
Section 3.2.2 extends it to an account of quantum probabilities and the Born Rule.
Paramount is subject to the following two financial covenants under the Paramount Facility which are tested at the end of each fiscal quarter and calculated on a trailing twelve-month basis: • Senior Secured Debt to Consolidated EBITDA to be 3.50 to 1.00 or less; and • Consolidated EBITDA to Consolidated Interest Expense to be 2.50 to 1.00 or greater.
If the researcher of Comparative Religion takes interest in the “subjects of religion”, namely humans, deeper insight will be available, leading to a dialogue between people of various religions as part of society, social life and social agency.