Facility Debt Yield Test definition

Facility Debt Yield Test. Defined in the Fee Letter, which definition is incorporated herein by reference.
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Facility Debt Yield Test. Defined in the Fee Letter, which definition is incorporated herein by reference. “FATCA”: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code, and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code. “FDIA”: Defined in Section 14.03. “FDICIA”: Defined in Section 14.04. “Fee Letter”: The Amended and Restated Fee and Pricing Letter, dated as of the date hereof, between Buyer and Seller, as amended, modified, waived, supplemented, extended, restated or replaced from time to time. “Financial Covenants”: The financial covenants of Guarantor as set forth in Section 9 of the Guarantee. -12- LEGAL02/38049601v7
Sample 1
Facility Debt Yield Test. The meaning set forth in the Fee Letter, which definition is incorporated by reference herein. “Facility Termination Date”: The earliest to occur of (a) May 4June 22, 20242025, as such date may be extended pursuant to Section 3.06(a), (b) any Accelerated Repurchase Date, and (c) any date on which the Facility Termination Date shall otherwise occur in accordance with the provisions hereof or Requirements of Law. “FATCA”: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. “FCM”: A futures commission merchant subject to regulation under the Commodity Exchange Act. “FDIA”: Defined in Section 14.03. “FDICIA”: Defined in Section 14.04. “Fee Letter”: The feeAmended and pricingRestated Fee and Pricing letter, dated as of the date hereofJune 22, 2022, between Buyer and Seller, as amended, modified, waived, supplemented, extended, restated or replaced from time to time. “Fitch”: Fitch, Inc. or, if Fitch, Inc. is no longer issuing ratings, another nationally recognized rating agency reasonably acceptable to Buyer. “Flex Purchased Assets”: The meaning set forth in the Fee Letter, which definition is incorporated by reference herein. “Floor”: The greater of (a) zero (0) and (b) such higher amount as may be specified with respect to any Transaction in the related Confirmation (or Amended and Restated Confirmation, as applicable). “Foreign Buyer”: A Buyer that is not a U.S. Person. “Fourth Amendment Effective Date”: June 22, 2022.
Sample 1

Examples of Facility Debt Yield Test in a sentence

  • Buyer shall apply the funds received in pursuant to this Section 4.01(b) to reduce the Repurchase Prices of one or more of the Purchased Assets that contributed to the breach by Seller of the Facility Debt Yield Test in such manner and in such amounts as Buyer determines in its sole discretion.

  • Therefore, based on the above, the development is noted to improve local economy and job creating without adverse impacts on the environment.

  • Any request for increase of the Maximum Amount will be deemed to be denied if any of the following has occurred and is continuing as of the proposed effective date of the related increase in the Maximum Amount: (i) a Default or Event of Default has occurred and is continuing, (ii) the Facility Debt Yield Test is not satisfied or (iii) an accrued and unpaid Margin Deficit exists.

Related to Facility Debt Yield Test

  • Debt Yield means, as of any date of determination, a fraction expressed as a percentage in which:

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Leverage Ratio means, as of any date, the ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

  • Test Period means, on any date of determination, the period of four consecutive fiscal quarters of the Borrower then most recently ended (taken as one accounting period).