Incurrence Test. The Incurrence Test is met if:
Incurrence Test. The Borrower will not, and will not permit any Restricted Subsidiary to, Incur any Indebtedness (including Acquired Indebtedness); provided, however, that the Borrower and its Restricted Subsidiaries may Incur Indebtedness if on the date of the Incurrence of such Indebtedness the Consolidated Coverage Ratio for the Borrower and its Restricted Subsidiaries would be equal to or greater than 2.00:1.00.
Incurrence Test. The Incurrence Test is met if (a) the Leverage Ratio is not greater than: (i) 3.75, if tested during the period from the First Issue Date to, and including, 1 June 2018, (ii) 3.25, if tested during the period from 1 June 2018 to, and including, 1 June 2019, and (iii) 2.75, if tested during the period from 1 June 2019 to and including, the final redemption date; (b) the Interest Cover Ratio is at least 3.00:1; and (c) no Event of Default is continuing or would occur upon the incurrence or distribution (as applicable). When the Interest Cover Ratio is measured under the Incurrence Test, the calculation of the Interest Cover Ratio shall be made for the Reference Period ending on the last day of the period covered by the most recent Financial Report.
Incurrence Test amend the Credit Agreement to provide that in relation to any Additional Facility and any new Commitment pursuant to an Increase Confirmation that it shall be a condition to any drawing of that Additional Facility or new Commitment that the Company certifies in the relevant Utilisation Request that on a pro forma basis that the ratio of Senior Net Debt to Annualised EBITDA shall be no greater than 4.5:1.
Incurrence Test. The Administrative Agent shall have received detailed calculations demonstrating (in form and substance reasonably satisfactory to the Administrative Agent) that the Indebtedness incurred by the Borrower under the Additional Senior Debt Securities is in compliance with the provisions of Section 4.11 of the Senior Indenture. (u)
Incurrence Test. To the extent the provisions of Section 4.5 or Section 11.1(f) are applicable, will not permit the incurrence of Indebtedness if, on the date of incurrence of such Indebtedness, or after giving effect thereto, the Consolidated Total Leverage Ratio would exceed 5.5 to 1.0 (such requirement, the "Incurrence Test").
Incurrence Test. Subject to clause (c) and clause (d) of this Section 6.1, the Company will not, and will not permit any Subsidiary to, at any time incur or in any manner become liable (collectively, to "INCUR;" and the result of any such Incurring being referred to herein as an "INCURRENCE"; any extension, renewal, refunding or refinancing, including, without limitation, any reborrowing and/or reutilization, of previously Incurred Debt shall be deemed a new Incurrence thereof) in respect of any Debt (other than the Debt evidenced by the Notes) unless,
Incurrence Test. As of the last day of the most recent fiscal quarter of the Borrower (the “Incurrence Test”) the Coverage Ratio equals or exceeds 1.10x.
Incurrence Test. 64 13. EVENTS OF DEFAULT; ACCELERATION; ETC........................................64 13.1. Events of Default and Acceleration...................................64 13.2. Termination of Commitments...........................................68 13.3. Remedies.............................................................68 13.4. Exchange Rate........................................................69 13.5. Distribution of Collateral Proceeds..................................69 14. SETOFF......................................................................70 15.
