Junior Debt Repayments provided that the Total Net Leverage Ratio (after giving Pro Forma Effect to such Junior Debt Repayment) for the Test Period immediately preceding the making of such Junior Debt Repayment shall be less than or equal to 1.50 to 1.00; provided that no Event of Default has occurred or is continuing or would result therefrom; and
Junior Debt Repayments. (a) made with Qualified Equity Interests of the Borrower, with the proceeds of an issuance of any such Equity Interests or with the proceeds of a contribution 204 to the capital of the Borrower after the Closing Date that is Not Otherwise Applied or
Junior Debt Repayments if the Total Net Leverage Ratio (after giving Pro Forma Effect thereto) for the Test Period immediately preceding the incurrence of such payments shall be less than or equal to the Closing Date Total Net Leverage Ratio less 0.50 to 1.00; provided that no Event of Default shall have occurred and be continuing or would result therefrom; and (x) Junior Debt Repayments in an aggregate amount not to exceed the sum of: (A) the Available Amount at such time; provided that no Event of Default shall have occurred and be continuing or would result therefrom; and (B) the greater of (A) 30% of Closing Date EBITDA and (B) 30% of TTM Consolidated Adjusted EBITDA of the Borrowers on a Pro Forma Basis as of the applicable date of determination. provided, however, that each of the following shall be permitted: payments of regularly scheduled principal and interest on Junior Financing, payments of closing and consent fees related to Junior Financing, indemnity and expense reimbursement payments in connection with Junior Financing, and mandatory prepayments, mandatory redemptions and mandatory purchases, in each case pursuant to the terms of Junior Financing Documentation.
