Examples of Consolidated Secured Net Debt Ratio in a sentence
In the event a Lien (or any portion thereof) is Incurred under clause (mm) of the definition of “Permitted Liens” on the same date that a Lien is incurred under a different clause of the definition of “Permitted Liens”, then the Consolidated Secured Net Debt Ratio will be calculated with respect to such Incurrence under such clause (mm) without regard to any Incurrence of such other Permitted Lien.
In the event a Lien (or any portion thereof) is Incurred under clause (mm) of the definition of “Permitted Liens” on the same date that a Lien is incurred under a different clause of the definition of “Permitted Liens”, then the Consolidated Secured Net Debt Ratio will be calculated with respect to such Incurrence under such clause (mm) without regarding to any Incurrence of such other Permitted Lien.
In the event a Lien (or any portion thereof) is Incurred under clause (oo) or (pp) of the definition of “Permitted Liens” on the same date that a Lien is incurred under a different clause of the definition of “Permitted Liens”, then the Consolidated Secured Net Debt Ratio will be calculated with respect to such Incurrence under such clause (oo) or (pp) without regard to any Incurrence of such other Permitted Lien.