Common use of Certain Calculations and Tests Clause in Contracts

Certain Calculations and Tests. For purposes of determining the permissibility of any action, change, transaction or event that requires a calculation of any financial ratio or test hereunder (including any Consolidated Leverage Ratio test, any Consolidated Secured Debt Ratio test, and/or Interest Coverage Ratio test, the amount of EBITDA and/or Total Assets), such financial ratio or test shall be calculated (subject to Section 1.10) at the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be, and no Default or Event of Default shall be deemed to have occurred solely as a result of a change in such financial ratio or test occurring after the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be.

Appears in 7 contracts

Samples: Credit Agreement, Credit Agreement (Aramark), Credit Agreement (Aramark)

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Certain Calculations and Tests. For purposes of determining the permissibility of any action, change, transaction or event that requires a calculation of any financial ratio or test hereunder (including any Consolidated Leverage Ratio test, any Consolidated Secured Debt Ratio test, and/or Interest Coverage Ratio test, the amount of EBITDA and/or Total Assets), such financial ratio or test shall be calculated (subject to Section 1.101.08) at the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be, and no Default or Event of Default shall be deemed to have occurred solely as a result of a change in such financial ratio or test occurring after the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Clean Harbors Inc), First Amendment (Clean Harbors Inc)

Certain Calculations and Tests. For purposes of determining determin- ing the permissibility of any action, change, transaction or event that requires a calculation of any financial ratio or test hereunder (including any Consolidated Leverage Ratio test, any Consolidated Xxxxxxx- dated Secured Debt Ratio test, and/or Interest Coverage Ratio test, the amount of EBITDA and/or Total Assets), such financial ratio or test shall be calculated (subject to Section 1.10) at the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be, and no Default or Event of Default shall be deemed to have occurred solely as a result of a change in such financial ratio or test occurring after the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be.. SECTION 1.06

Appears in 1 contract

Samples: Credit Agreement (Aramark)

Certain Calculations and Tests. For purposes of determining the permissibility thepermissibility of any action, change, transaction or event that requires a calculation of any financial ratio or ratioor test hereunder (including any Consolidated Leverage Ratio test, any Consolidated Secured Debt Ratio testRatiotest, and/or Interest Coverage Ratio test, the amount of EBITDA and/or Total Assets), such financial ratio financialratio or test shall be calculated (subject to Section 1.101.08) at the time such action is taken, such change is madeismade, such transaction is consummated or such event occurs, as the case may be, and no Default or Event orEvent of Default shall be deemed to have occurred solely as a result of a change in such financial ratio or test ortest occurring after the time such action is taken, such change is made, such transaction is consummated or consummatedor such event occurs, as the case may be.. -51-

Appears in 1 contract

Samples: Credit Agreement (Clean Harbors Inc)

Certain Calculations and Tests. For purposes of determining the permissibility thepermissibility of any action, change, transaction or event that requires a calculation of any financial ratio or ratioor test hereunder (including any Consolidated Leverage Ratio test, any Consolidated Secured Debt Ratio testRatiotest, and/or Interest Coverage Ratio test, the amount of EBITDA and/or Total Assets), such financial ratio financialratio or test shall be calculated (subject to Section 1.101.08) at the time such action is taken, such change is madeismade, such transaction is consummated or such event occurs, as the case may be, and no Default or Event orEvent of Default shall be deemed to have occurred solely as a result of a change in such financial ratio or test ortest occurring after the time such action is taken, such change is made, such transaction is consummated or consummatedor such event occurs, as the case may be.SECTION 1.06

Appears in 1 contract

Samples: Credit Agreement (Clean Harbors Inc)

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Certain Calculations and Tests. For purposes of determining the permissibility of any action, change, transaction or event that requires a calculation of any financial ratio or test hereunder (including any Consolidated Leverage Ratio test, any Consolidated Secured Debt Ratio test, and/or Interest Coverage Ratio test, the amount of EBITDA and/or Total Assets), such financial ratio or test shall be calculated (subject to Section 1.10) at the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be, and no Default or Event of Default shall be deemed to have occurred solely as a result of a change in such financial ratio or test occurring after the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be.. SECTION 1.06

Appears in 1 contract

Samples: Credit Agreement (Aramark)

Certain Calculations and Tests. For purposes of determining the permissibility thepermissibility of any action, change, transaction or event that requires a calculation of any financial ratio or ratioor test hereunder (including any Consolidated Leverage Ratio test, any Consolidated Secured Debt Ratio testRatiotest, and/or Interest Coverage Ratio test, the amount of EBITDA and/or Total Assets), such financial ratio financialratio or test shall be calculated (subject to Section 1.101.08) at the time such action is taken, such change is madeismade, such transaction is consummated or such event occurs, as the case may be, and no Default or Event orEvent of Default shall be deemed to have occurred solely as a result of a change in such financial ratio or test ortest occurring after the time such action is taken, such change is made, such transaction is consummated or consummatedor such event occurs, as the case may be.. -52-

Appears in 1 contract

Samples: Credit Agreement (Clean Harbors Inc)

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