General Debt Basket has the meaning assigned to such term in Section 6.01(xiv).
General Debt Basket has the meaning specified in Section 7.01(l).
General Debt Basket means, in connection with any incurrence of Indebtedness, (a) if the Leverage Ratio as of the last day of the then most recently ended fiscal quarter, computed on a pro forma basis giving effect to the incurrence of such Indebtedness and to all other incurrences and repayments of Indebtedness since the end of such fiscal quarter, would be less than 3.25 to 1.00, $400,000,000, and (b) otherwise, $250,000,000.
Examples of General Debt Basket in a sentence
For the avoidance of doubt, without limitation, any amount re-allocated by the Borrower among the General Investment Basket, the General Restricted Payments Basket, the General Subordinated Payments Basket and/or the General Debt Basket may be subsequently re-allocated by the Borrower among such applicable Baskets in accordance therewith.
The Group also has the flexibility to raise additional debt of up to $45 million through the use of the Super Senior Debt basket and the General Debt Basket.
For the avoidance of doubt, without limitation, any amount re-allocated by the Issuer among the General Investments Basket, the General Restricted Payments Basket, the General Subordinated Payments Basket and/or the General Debt Basket may be subsequently re-allocated by the Issuer among such applicable Baskets in accordance herewith.
More Definitions of General Debt Basket
General Debt Basket means (a) at all times when the Leverage Ratio as of the last day of the then most recently ended fiscal quarter is less than 3.25 to 1.00, $250,000,000, and (b) at all other times, $200,000,000.
General Debt Basket shall have the meaning provided in Section 10.1(l)(ii).
General Debt Basket means Indebtedness in an aggregate amount not to exceed $20,000,000 at any time outstanding.
General Debt Basket has the meaning assigned to such definition in Section 6.01(k). “Governmental Authority” shall mean any federal, state, local or foreign court or governmental agency, authority, instrumentality or regulatory or legislative body. “Guarantee” of or by any person (the “guarantor”) shall mean (a) any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose 38 Doc#: US1:15347125v11
General Debt Basket means the permission to incur Financial Indebtedness pursuant to paragraph (r) of the definition of “Permitted Financial Indebtedness”.
General Debt Basket means Indebtedness in an aggregate amount not to exceed $40,000,000 as of the Closing Date; provided that the General Debt Basket shall be increased to (a) $50,000,000 if the Company and its Subsidiaries’ Consolidated EBITDA (as demonstrated in the most recent financial information and certificates required to be delivered to the Administrative Agent pursuant to Section 5.1 and 5.2) is greater than $110,000,000 for two (2) consecutive quarters (“110 EBITDA Level”) and (b) $60,000,000 if the Company and its Subsidiaries’ Consolidated EBITDA (as demonstrated in the most recent financial information and certificates required to be delivered to the Administrative Agent pursuant to Section 5.1 and 5.2) is greater than $125,000,000 for two (2) consecutive quarters (“125 EBITDA Level”); provided further if Consolidated EBITDA drops below (i) the 110 EBITDA Level, the General Debt Basket shall be reduced to the greater of (A) the then outstanding Indebtedness under the General Debt Basket and (B) $40,000,000, or (ii) the 125 EBITDA Level (but is greater than the 110 EBITDA Level), the General Debt Basket shall be reduced to the greater of (A) the then outstanding Indebtedness under the General Debt Basket and (B) $50,000,000.
General Debt Basket means Indebtedness in an aggregate amount not to exceed $40,000,000 as of the 2010 Notes Closing Date; provided that the General Debt Basket shall be increased to (a) $50,000,000 if Consolidated EBITDA (as demonstrated in the most recent financial information and certificates required to be delivered to the holders of Notes pursuant to Section 7.1) is greater than $110,000,000 for two (2) consecutive quarters (“110 EBITDA Level”) and (b) $60,000,000 if Consolidated EBITDA (as demonstrated in the most recent financial information and certificates required to be delivered to the holders of Notes pursuant to Section 7.1) is greater than $125,000,000 for two (2) consecutive quarters (“125 EBITDA Level”); provided further if Consolidated EBITDA drops below (i) the 110 EBITDA Level, the General Debt Basket shall be reduced to the greater of (A) the then outstanding Indebtedness under the General Debt Basket and (B) $40,000,000, or (ii) the 125 EBITDA Level (but is greater than the 110 EBITDA Level), the General Debt Basket shall be reduced to the greater of (A) the then outstanding Indebtedness under the General Debt Basket and (B) $50,000,000.