Financial Incurrence Test definition

Financial Incurrence Test has the meaning assigned to such term in Section 1.10(d).
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Financial Incurrence Test has the meaning specified in Section 1.07(8).
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Financial Incurrence Test as defined in Section 1.2(i).
Sample 1

Examples of Financial Incurrence Test in a sentence

  • Notwithstanding anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in reliance on a Financial Incurrence Test, such Financial Incurrence Test shall be calculated without giving effect to, and shall disregard, any Indebtedness concurrently incurred under any revolving credit facility in connection with such amount incurred or transaction entered into.

  • That the City may require drawings showing plan, elevation and cross-section views of buildings used for residential purposes containing less than 25 dwelling units other than for those exemptions contained in policy 10.1.2.2210.1.2.2210.1.2.2210.1.2.2210.1.2.21.


More Definitions of Financial Incurrence Test

Financial Incurrence Test has the meaning assigned to it in the definition of “Fixed Charge Coverage Ratio.”
Sample 1
Financial Incurrence Test has the meaning specified in Section 1.11(b). “Financial Model” means the model made available by or on behalf of the Company to the Administrative Agent on January 10, 2023. “First Lien Obligations” shall mean any Indebtedness secured by Liens on the Collateral ranking pari passu to the Liens on the Collateral securing the Initial Term Loans or Revolving Credit Loans (but without regard to the control of remedies).
Sample 1
Financial Incurrence Test has the meaning specified in Section 1.11(b). “Financial Model” means the model made available by the Sponsor to the Arrangers on August 31, 2021. “First Amendment” means that certain Amendment No. 1 to First Lien Credit Agreement, dated as of the First Amendment Effective Date, by and among the Borrower, Holdings, the other Loan Parties party thereto, the 2022 Incremental Term Lenders party thereto and the Administrative Agent. “First Amendment Effective Date” has the meaning specified in the First Amendment. “Fixed Amounts” has the meaning specified in Section 1.11(b). “Foreign Casualty Event” shall have the meaning assigned to such term in Section 2.05(b)(viii). “Foreign Disposition” shall have the meaning assigned to such term in Section 2.05(b)(viii). “Foreign Lender” means a lender that is not a U.S. Person. “Foreign Subsidiary” means any direct or indirect Subsidiary of the Borrower that is not a Domestic Subsidiary. “Fourth Amendment” means that certain Amendment No. 4 to First Lien Credit Agreement, dated as of the Amendment No. 4 Effective Date, by and among the Borrower, Holdings, the other Loan Parties party thereto, the Additional 2024 Xxxx Xxxxxx and the Administrative Agent. “FRB” means the Board of Governors of the Federal Reserve System of the United States. “FSHCO” means any direct or indirect Subsidiary of the Borrower that owns, directly or indirectly, no material assets other than Capital Stock (or, if applicable, Capital Stock and indebtedness) of one or more Controlled Foreign Subsidiaries or another FSHCO.
Sample 1

Related to Financial Incurrence Test

  • LCT Test Date shall have the meaning provided in Section 1.12(b).

  • Relevant Test Period With respect to any Loan, the relevant test period for the calculation of Net Senior Leverage Ratio, Interest Coverage Ratio, Total Net Leverage Ratio or EBITDA as applicable, for such Loan in accordance with the related Underlying Instruments or, if no such period is provided for therein, (i) for Obligors delivering monthly financial statements, each period of the last twelve (12) consecutive reported calendar months, and (ii) for Obligors delivering quarterly financial statements, each period of the last four (4) consecutive reported fiscal quarters of the principal Obligor on such Loan; provided that with respect to any Loan for which the relevant test period is not provided for in the related Underlying Instruments, if an Obligor is a newly-formed entity as to which twelve (12) consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth (12th) calendar month or fourth (4th) fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last twelve (12) consecutive reported calendar months or four (4) consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication: