Available Amount Conditions means, prior to and after giving effect to any usage of the Available Amount, (a) no Default shall have occurred and be continuing and (b) on a Pro Forma Basis, the Borrower will be in compliance with the covenants set forth in Article 6. For the avoidance of doubt, with respect to any period during which the Borrower is unable to satisfy the Available Amount Conditions, the Available Amount shall continue to accumulate as provided for in the definition thereof and shall not be reduced (or its accrual suspended) solely because of the Borrower’s inability to satisfy such Available Amount Conditions.
Available Amount Conditions means, prior to and after giving effect to any usage of the Available Amount, (a) no Default or Event of Default shall have occurred and be continuing and (b) Parent shall be in compliance with the covenants set forth in Section 7.10 on a pro forma basis in accordance with Section 1.03(c) (and, if applicable, Section 1.03(e)) and (c) solely with respect to Restricted Payments made pursuant to Section 7.06(i), the Secured Leverage Ratio, as of the end of the most recently completed Test Period, shall be less than or equal to 2.50 to 1.0 on a pro forma basis in accordance with Section 1.03(c).
Available Amount Conditions means, immediately before and after giving effect to the applicable Available Amount Transaction, (i) no Event of Default shall be continuing and (ii) the Total Net Leverage Ratio, on a Pro Forma Basis, as of the last day of the Test Period, does not exceed 5.00 to 1.00.
Examples of Available Amount Conditions in a sentence
US-DOCS\103792213.14 Available Amount Conditions which reduce the Restricted Payment Available Amount shall be excluded from clause (b)(iv) above.
Energy Efficiency and Carbon Dioxide Emissions Reduction Opportunities in the U.S. Iron and Steel Sector.
More Definitions of Available Amount Conditions
Available Amount Conditions means (except in connection with proceeds of the Available Amount under clauses (ii) and (iii) of the definition thereof, in which case the following conditions shall not apply) prior to and after giving effect to any usage of the Available Amount, (x) no Event of Default shall have occurred and be continuing and (y) the Total Leverage Ratio, as of the end of the most recently completed Test Period, shall be less than or equal to 4.00:1.00 on a Pro Forma Basis.
Available Amount Conditions shall be satisfied, with respect to any transaction at any time, if (a) no Default or Event of Default shall have occurred and be continuing or shall result from the applicable transaction; (b) the Borrower shall be in compliance, on a pro forma basis, with each of the Financial Covenants set forth in Section 7.11; and (c) after giving effect to such transaction, the Available Borrowing Base shall not be less than 10.0% of the Facility Limit.
Available Amount Conditions means, except in connection with proceeds of the Available Amount under clauses (ii) and (iii) of the definition thereof, in which case the following conditions shall not apply, prior to and after giving effect to any usage of the Available Amount, no Event of Default shall have occurred and be continuing and, solely with respect to Restricted Payments made pursuant to Section 7.06(i) and Junior Debt Payments made pursuant to Section 7.08(b), the Secured Leverage Ratio, as of the end of the most recently completed Test Period, shall be less than or equal to 2.50 to 1.00 on a Pro Forma Basis in accordance with Section 1.03(c).
Available Amount Conditions means (a) immediately before and after giving effect to the applicable Available Amount Transaction, no Event of Default shall be continuing or would result therefrom and (b) solely with respect to any Available Amount Transaction made in reliance on clause (a)(ii) of the definition of "Available Amount," after giving effect to such Available Amount Transaction (including the incurrence of any Indebtedness in connection therewith), the Pro Forma Leverage Ratio (as such term is defined in the Term Loan Credit Agreement as in effect on the First Amendment Effective Date) is equal to or less than 1.50:1.00.
Available Amount Conditions means (a) immediately before and after giving effect to the applicable Available Amount Transaction, no Event of Default shall be continuing or would result therefrom and (b) solely with respect to any Available Amount Transaction made in reliance on clause (a)(ii) of the definition of “Available Amount,” after giving effect to such Available Amount Transaction (including the incurrence of any Indebtedness in connection therewith), the Pro Forma Leverage Ratio is equal to or less than 1.50:1.00.
Available Amount Conditions means, prior to and after giving effect to any usage of the Available Amount, (a) no Default or Event of Default shall have occurred and be continuing and (b) Parent shall be in compliance with the covenant set forth in Section 7.10 on a pro forma basis in accordance with Section 1.03(c) and (c) solely with respect to Restricted Payments made pursuant to Section 7.06(i), the Total Leverage Ratio, as of the end of the most recently completed Test Period, shall be less than or equal to 1.752.50 to 1.0 on a pro forma basis in accordance with Section 1.03(c).
Available Amount Conditions means, prior to and after giving effect to any usage of the Available Amount, (a) no Default or Event of Default shall have occurred and be continuing, (b) on a Pro Forma Basis, the Borrower will be in compliance with the covenants set forth in Section 7.13 and (c) on a Pro Forma Basis, the Total Leverage Ratio is less than or equal to 4.5 to 1.0;