Common use of Financial Performance Covenant Clause in Contracts

Financial Performance Covenant. If on the last day of any Test Period there are any Bridge Loans or any Revolving Loans then outstanding, Holdings shall not permit the Senior Secured First Lien Net Leverage Ratio to be greater than 4.50:1.00 on the last day of such Test Period.

Appears in 1 contract

Samples: Credit Agreement (LivaNova PLC)

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Financial Performance Covenant. If on the last day of any Test Period there are any Bridge Loans or any Revolving Loans then outstanding, Holdings shall not permit (i) the Senior Secured First Lien Net Leverage Ratio to be greater than 4.50:1.00 4.503.50:1.00 on the last day of such any Test Period and (ii) the Interest Coverage Ratio to be less than 3.00 to 1.00 on the last day of any Test Period.

Appears in 1 contract

Samples: Incremental Facility Amendment (LivaNova PLC)

Financial Performance Covenant. If on the last day of any Test Period there are any Bridge Loans or any Revolving Loans then outstanding, Holdings shall not permit the Senior Secured First Lien Net Leverage Ratio to be greater than 4.50:1.00 on the last day of such Test Period.. -131- [EMEA_ACTIVE 302040156_13]

Appears in 1 contract

Samples: Credit Agreement (LivaNova PLC)

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Financial Performance Covenant. If on the last day of any Test Period there are any Bridge Loans or any Revolving Loans then outstanding, Holdings shall not permit the Senior Secured First Lien Net Leverage Ratio to be greater than 4.50:1.00 on the last day of such Test Period.

Appears in 1 contract

Samples: Credit Agreement (LivaNova PLC)

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