Incremental Pro Forma Basis definition
Incremental Pro Forma Basis means, with respect to any financial ratio test hereunder, that compliance with such test at any time shall be determined (a) on a Pro Forma Basis giving effect to any Incremental Loans incurred at or prior to such time, (b) assuming any Incremental Term Loan Commitments established at or prior to such time are fully drawn and (c) without netting the proceeds of the Incremental Term Loans to be incurred at such time in reliance upon such financial ratio test.
Incremental Pro Forma Basis means, with respect to any financial ratio test hereunder, that compliance with such test as at the date of determination shall be determined (a) on a Pro Forma Basis giving effect to any Incremental Loans or Permitted Incremental Equivalent Debt incurred at or prior to such time, (b) assuming any Incremental Commitments established at or prior to such time are fully drawn, (c) as if all Incremental Loans and Permitted Incremental Equivalent Debt constitute Consolidated Funded Debt secured by a Lien on the Property of the Parent or any Subsidiary and (d) without netting the proceeds of any Incremental Loans or Permitted Incremental Equivalent Debt to be incurred as at such date of determination, to the extent applicable, in reliance upon such financial ratio test.
Incremental Pro Forma Basis means that the referenced leverage ratio will be calculated (x) to give pro forma effect to any incurrence of Incremental Debt in reliance on the Incurrence Incremental Amount (but without netting the cash proceeds thereof from the calculation of Consolidated Debt) and any extinguishment of applicable Consolidated Debt on the date of determination from proceeds thereof, (y) to exclude any Incremental Debt incurred concurrently therewith in reliance on the First Lien Fixed Incremental Amount and (z) deeming all commitments under any concurrently incurred First Lien Incremental Revolving Facility to be fully drawn.
More Definitions of Incremental Pro Forma Basis
Incremental Pro Forma Basis means, with respect to any financial ratio test hereunder, that compliance with such test at any time shall be determined (a) on a Pro Forma Basis giving effect to any Permitted Incremental Equivalent Debt or Incremental Loans incurred at or prior to such time, (b) assuming any Incremental Commitments established at or prior to such time are fully drawn and (c) without netting the proceeds of Permitted Incremental Equivalent Debt or Incremental Loans to be incurred at such time in reliance upon such financial ratio test.
Incremental Pro Forma Basis means, with respect to any financial ratio test hereunder, that compliance with such test as at the date of determination shall be determined (a) on a Pro Forma Basis giving effect to any Incremental Term Loans, Incremental Revolving Loans or Permitted Incremental Equivalent Debt incurred at or prior to such time and, subject to clause (c), the usage of the proceeds of such Indebtedness, (b) assuming all Incremental Revolving Commitments under any Incremental Revolving Loans are fully drawn as loans and (c) excluding the cash proceeds of any borrowing under the Incremental Term Loans, Incremental Revolving Loans or Permitted Incremental Equivalent Debt being incurred.
Incremental Pro Forma Basis the relevant ratio will be calculated (x) to give pro forma effect to the incurrence of the relevant Incremental Term Loan or Incremental Equivalent Debt in reliance on the Incurrence Incremental Amount (but without netting the cash proceeds thereof from the calculation of Indebtedness) and any extinguishment of applicable Indebtedness on the date of determination from proceeds thereof and (y) to exclude any Incremental Term Loan or Incremental Equivalent Debt incurred concurrently therewith in reliance on the Fixed Incremental Amount and/or Prepayment Component. “Incremental Term Commitments”: as defined in Section 2.9(a). “Incremental Term Loan Request”: as defined in Section 2.9(a). “Incremental Term Loan”: as defined in Section 2.9(b). “Incurrence-Based Amounts”: as defined in Section 1.7(c). “Indebtedness” as applied to any Person means, without duplication: (a) all indebtedness for borrowed money; (b) all obligations with respect to Financing Leases; (c) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments; (d) any obligation of such Person to pay the deferred purchase price of property or services (excluding (i) any earn-out obligation, purchase price adjustment or similar obligation, unless such obligation has not been paid within 60 days after becoming due and payable and becomes a liability on the balance sheet of such Person in accordance with GAAP and (ii) any such obligations incurred
Incremental Pro Forma Basis means, with respect to any financial ratio test hereunder, that compliance with such test as at the date of determination shall be determined (a) on a Pro Forma Basis giving effect to any Incremental Loans or Permitted Incremental Equivalent Debt incurred at or prior to such time, (b) assuming any Incremental Term Commitments established at or prior to such time are fully drawn, and (c) without netting the proceeds of any Incremental Loans or Permitted Incremental Equivalent Debt to be incurred as at such date of determination for any fees paid or for any original issue discount applicable to any such any Incremental Loans or Permitted Incremental Equivalent Debt, to the extent applicable, in reliance upon such financial ratio test.