Fixed Incremental Amount definition
Fixed Incremental Amount shall have the meaning provided in the definition of “Incremental Amount”.
Fixed Incremental Amount means (i) the greater of $610,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.
Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.
Examples of Fixed Incremental Amount in a sentence
Unless the Borrower elects otherwise, each Incremental Facility (or Incremental Equivalent Debt) shall be deemed incurred first under the Ratio Amount to the extent permitted (and calculated prior to giving effect to any substantially simultaneous incurrence of any Indebtedness based on a basket or exception that is not based on a financial ratio, including under the Revolving Facility and/or the Fixed Incremental Amount), with any balance incurred under the Fixed Incremental Amount.
More Definitions of Fixed Incremental Amount
Fixed Incremental Amount as defined in the definition of “Incremental Cap”.
Fixed Incremental Amount means, as of the date of measurement, the sum of:
Fixed Incremental Amount has the meaning set forth in Section 2.14(d).
Fixed Incremental Amount means the greater of $82,500,000 and 100% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period.
Fixed Incremental Amount shall have the meaning given to such term in Section 2.20(d).
Fixed Incremental Amount means $150,000,000.
Fixed Incremental Amount means (a) the greater of (i) $590,000,000 and (ii) 100% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period minus (b) the aggregate outstanding principal amount of all Incremental Facilities and/or Incremental Equivalent Debt incurred or issued in reliance on the Fixed Incremental Amount after the Restatement Effective Date, in each case after giving effect to any reclassification of such Incremental Facilities or Incremental Equivalent Debt, as having been incurred in reliance on clause (e) of the definition of “Incremental Cap” hereunder.