Cash Flow Leverage. As of the Settlement Date for such Advance (and in addition to any other requirements and covenants hereunder), Borrowers must be in compliance with the Leverage Ratio requirement under Section 4.1 using an amount for Funded Debt that is as of such Settlement Date and inclusive of the proposed Advance.
Appears in 2 contracts
Samples: Credit Facility Agreement (MCG Finance Corp), Credit Facility Agreement (NBG Radio Network Inc)
Cash Flow Leverage. As of the Settlement Date for such Advance (and in addition to any other requirements and covenants hereunder), Borrowers must be in compliance with the Pro Forma Leverage Ratio requirement under Section 4.1 using an amount for Funded Debt that is as of such Settlement Date and inclusive of the proposed Advance, provided that the $10,000,000 held in the Escrow Account shall be excluded from such calculation while it is held in the Escrow Account.
Appears in 2 contracts
Samples: Credit Facility Agreement (MCG Finance Corp), Credit Facility Agreement (Bizness Online Com)
Cash Flow Leverage. As of the Settlement Date for such Advance (and in addition to any other requirements and covenants hereunder), Borrowers Borrower must be in compliance with the Leverage Ratio requirement under Section 4.1 hereof using an amount for Funded Debt that is as of such Settlement Date and inclusive of the proposed Advance.
Appears in 1 contract
Samples: Credit Facility Agreement (Startec Global Communications Corp)
