Common use of Limitation on Consolidated Indebtedness Clause in Contracts

Limitation on Consolidated Indebtedness. The Company will not, and will not permit any of its Subsidiaries to, Incur any Indebtedness unless after giving effect to such event on a pro forma basis each of the following conditions are satisfied: (1) the Company’s Consolidated EBITDA Ratio for the four (4) full fiscal quarters immediately preceding such event, taken as one period calculated on the assumption that such Indebtedness had been incurred on the first day of such four-quarter period, is greater than or equal to 2.0:1 (such condition not being applicable to the Incurrence of Permitted Indebtedness); and (2) with respect to the Incurrence of Senior Indebtedness, the Company’s Senior Leverage Ratio is less than or equal to 3.25 to 1.0 (such condition not being applicable to the Incurrence of Permitted Senior Indebtedness).

Appears in 2 contracts

Samples: Indenture (Amc Entertainment Inc), Indenture (Amc Entertainment Inc)

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Limitation on Consolidated Indebtedness. The Company will not, and will not permit any of its Subsidiaries to, Incur any Indebtedness unless after giving effect to such event on a pro forma basis each of the following conditions are satisfied: (1) the Company’s 's Consolidated EBITDA Ratio for the four (4) full fiscal quarters immediately preceding such event, taken as one period calculated on the assumption that such Indebtedness had been incurred on the first day of such four-quarter period, is greater than or equal to 2.0:1 (such condition not being applicable to the Incurrence of Permitted Indebtedness); and (2) with respect to the Incurrence of Senior Indebtedness, the Company’s 's Senior Leverage Ratio is less than or equal to 3.25 to 1.0 (such condition not being applicable to the Incurrence of Permitted Senior Indebtedness).

Appears in 2 contracts

Samples: Merger Agreement (Amc Entertainment Inc), Merger Agreement (Amc Entertainment Inc)

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Limitation on Consolidated Indebtedness. (a) The Company will shall not, and will shall not permit any of its Subsidiaries to, Incur any Indebtedness unless after giving effect to such event on a pro forma basis basis, each of the following conditions are satisfied: (1i) the Company’s Consolidated EBITDA Ratio for the four (4) full fiscal quarters immediately preceding such eventevent for which internal financial statements are available, taken as one period calculated on the assumption that such Indebtedness had been incurred on the first day of such four-quarter period, is greater than or equal to 2.0:1 2.00 to 1.00 (such condition not being applicable to the Incurrence of Permitted Indebtedness); and (2ii) with respect to the Incurrence of Senior Indebtedness, the Company’s Senior Leverage Ratio is less than or equal to 3.25 3.50 to 1.0 1.00 (such condition not being applicable to the Incurrence of Permitted Senior Indebtedness).

Appears in 1 contract

Samples: Indenture (Amc Entertainment Inc)

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