Escrow Assumption definition

Escrow Assumption with respect to any Incremental Term Loan that is initially established as an Escrow Incremental Term Loan, the assumption of the Escrow Borrower’s obligations with respect thereto by the Borrower pursuant to an assumption agreement in form reasonably satisfactory to the Administrative Agent.

Escrow Assumption means with respect to (i) any Escrow Permitted Ratio Debt, the assumption of the Escrow Borrower’s obligations with respect thereto by the Borrower or (ii) any Incremental Term Loan that is initially established as an Escrow Incremental Term Loan, the assumption of the Escrow Borrower’s obligations with respect thereto by the Borrower pursuant to an Escrow Assumption Agreement.

Escrow Assumption means the assumption of the obligations of the Escrow Borrower under the Escrow Term Loans by the Borrower on the Escrow Assumption Date pursuant to an instrument in form reasonably satisfactory to the Administrative Agent.

Examples of Escrow Assumption in a sentence

• Prior to the Escrow Assumption Date, Holdings will not permit the Interest Coverage Ratio for any period of four consecutive fiscal quarters of Holdings, beginning with the four fiscal quarter period ended June 30, 2017, to be less than 3.00:1.00.

• If the Escrow Assumption Date occurs, Holdings will not permit the Interest Coverage Ratio for any period of four consecutive fiscal quarters of Holdings, beginning with the first four fiscal quarter period ending after the Escrow Assumption Date, to exceed (I) for any four fiscal quarter period ending prior to March 31, 2019, 2.75:1.00 and (II) for any four fiscal quarter ending on or after March 31, 2019, 3.00:1.00.

• Prior to the Escrow Assumption Date, Holdings will not permit the Total Net Leverage Ratio as of the last day of any fiscal quarter of the Borrower, beginning with the fiscal quarter ending June 30, 2017, to exceed 2.75:1.00.

• Following any Escrow Assumption, Term H Loans assumed by the Borrower that were ABR Loans shall initially be ABR Loans under this Agreement.

• World population policies 2013 / Population Division, Department of Economic and Social Affairs, United Nations-- New York: United Nations, 2013.

More Definitions of Escrow Assumption

Escrow Assumption means with respect to any Incremental Term Loan that is initially established as an Escrow Incremental Term Loan, the assumption of the Escrow Borrower’s obligations with respect thereto by the Borrower pursuant to an assumption agreement in form reasonably satisfactory to the Administrative Agent.

Escrow Assumption the Escrow Release Conditions (as defined in the Escrow Agreement) shall have been satisfied.

Escrow Assumption with respect to any Incremental Term Loan that is initially established as an Escrow Incremental Term Loan, the assumption of the Escrow Borrower’s obligations with respect thereto by the Borrower pursuant to an assumption agreement in form reasonably satisfactory to the Administrative Agent. “Escrow Borrower”: a Non-Recourse Subsidiary or another Person that is not the Borrower or a Subsidiary, in each case, established to (i) borrow Escrow Incremental Term Loans (pending assumption of such Incremental Term Loans by the Borrower) or (ii) assume the obligations of the Borrower with respect to previously incurred Incremental Term Loans, in each case, that is designated in the applicable Incremental Activation Notice or assumption agreement as an Escrow Borrower and that is not engaged in any material operations and does not have any other material assets other than in connection therewith. - 14-

Escrow Assumption has the meaning specified in Section 2.01(b).

Escrow Assumption means the consummation of the transactions on the Release Date whereby (a) the Issuers will assume all of the obligations of the Escrow Issuer under this Indenture and the Notes pursuant to a supplemental indenture in the form of Annex I-2 hereto; and (b) the Guarantors will provide the Guarantees to guarantee the Notes.

Escrow Assumption means the satisfaction or waiver of the Escrow Release Conditions (as defined in the Escrow Agreement).

Escrow Assumption means the satisfaction or waiver of the Escrow Release Conditions (as defined in the Escrow Agreement). “Escrow End Date” has the meaning specified in the Escrow Agreement.