Debt Incurrence   •   Incremental Amount Sample Clauses

Debt Incurrence   •   Incremental Amount. Incremental Amount to include (i) a ratio prong to incur first lien indebtedness set at 4.50x SNLR plus (ii) on and after the Covenant Effective Date, a free-and-clear basket equal to the greater of (x) 25% of the Borrower’s consolidated Same-Facility Adjusted EBITDA for the four fiscal quarter period immediately preceding the date of determination, as determined on a pro forma basis and (y) 25% of the Borrower’s consolidated Same-Facility Adjusted EBITDA as of the Plan Effective Date. Incremental Amount capacity shall be limited to indebtedness that is pari passu the Take-Back First Lien Term Loans and shall be subject to a customary 50 bps “MFN” provision to be agreed, with OID and upfront fees determined based on a four (4) year average life to maturity. •