Inside Maturity Exception means any Incremental Extensions of Credit that is designated by the Borrower as being incurred in reliance on this Inside Maturity Exception and is in an aggregate principal amount outstanding that does not exceed an amount equal to 25% of LTM Consolidated EBITDA.
Inside Maturity Exception means any Incremental Term Facility or Incremental Equivalent Debt that is designated by the Borrower as being incurred pursuant to this definition; provided that such Incremental Term Facility or Incremental Equivalent Debt is in an original aggregate principal amount that does not exceed the greater of 50% of Closing Date EBITDA (i.e., $87,300,000) and 50% of TTM Consolidated Adjusted EBITDA measured on a Pro Forma Basis.
Inside Maturity Exception means any Incremental Term Facility, Incremental Equivalent Debt, Permitted Ratio Debt, Incurred Acquisition Debt, Replacement Loans or Credit Agreement Refinancing Indebtedness that (a) is a customary bridge facility to the extent such bridge facility has an extension or conversion feature, subject to customary conditions, that would result in such financing having a scheduled maturity date that is not prior to the latest scheduled maturity date of the Initial Term Loans, or (b) is designated by the Borrower as being incurred in reliance on this Inside Maturity Exception and is in an aggregate original principal amount outstanding (determined as of the date of such designation) that does not exceed an amount equal to the greater of (a) 50% of Closing Date EBITDA (i.e. $72,500,000) and (b) 50% of LTM Consolidated Adjusted EBITDA as of the applicable date of determination.
Examples of Inside Maturity Exception in a sentence
Any Incremental Loans may participate on a pro rata basis or on a less than pro rata basis (but, except for Incremental Loans incurred in reliance on the Inside Maturity Exception, not on a greater than pro rata basis) in any voluntary or mandatory prepayments hereunder, as specified in the applicable Incremental Amendment.
More Definitions of Inside Maturity Exception
Inside Maturity Exception means Indebtedness that is a Customary Bridge Facility.
Inside Maturity Exception means any Indebtedness that is designated by the Borrower as being incurred pursuant to this provision; provided that all such Indebtedness so designated consists of (i) Extendable Bridge Loans or (ii) any financing, funded into escrow, the terms of which provide for mandatory repayment of the same, subject to customary conditions, if the proceeds thereof are not applied as required by the terms governing such financing within the time parameters set forth therefor; provided that any financing under this clause (ii), upon being released from escrow, cannot have a maturity date earlier than the Latest Term Loan Maturity Date.
Inside Maturity Exception means Indebtedness consisting of any combination of Incremental Term Facilities, Incremental Equivalent Debt, Permitted Ratio Debt or Indebtedness incurred (and, for the avoidance of doubt, not assumed) pursuant to Section 7.03(l)(iii) and any Permitted Refinancing of the foregoing that is designated by the US Borrower as being incurred pursuant to this provision; provided that such Indebtedness constitutes bridge financings, escrow or other similar arrangements, the terms of which
Inside Maturity Exception means Indebtedness consisting of, at the Borrower’s option, any combination of Incremental Facilities, Incremental Equivalent Debt, Credit Agreement Refinancing Debt and any Permitted Refinancing of the foregoing, in each case, that is (a) in an aggregate principal amount not to exceed the greater of (I) 50.00% of Closing Date EBITDA and (II) 50.00% of TTM Consolidated Adjusted EBITDA as of the applicable date of determination or (b) not a syndicated “term loan b” facility.
Inside Maturity Exception means Indebtedness consisting of, at the Borrower’s option, any combination of Incremental Facilities, Permitted Incremental Equivalent Debt, Credit Agreement Refinancing Debt and any Refinancing of the foregoing, that is any of the following (i) a Customary Bridge Facility or (ii) any financing, funded into escrow, the terms of which provide for mandatory repayment of the same, subject to customary conditions, if the proceeds thereof are not applied as required by the terms governing such financing within the time parameters set forth therefor, provided that any financing under this clause (ii), upon being released from escrow, cannot have a maturity date prior to the Closing Date Term Loans (if any).
Inside Maturity Exception has the meaning specified in Section 2.01; provided that such term shall also include the Amendment No. 1 Incremental Loan2.12(a).
Inside Maturity Exception means Indebtedness (a) consisting of, at the Borrower’s option, any combination of Incremental Facilities, Incremental Equivalent Debt, Credit Agreement Refinancing Debt and any Permitted Refinancing of the foregoing, that is Indebtedness consisting of customary bridge facilities the terms of which provide for an automatic extension of the maturity date thereof to the date that is not earlier than the Latest Term Loan Maturity Date of, and a Weighted Average Life to Maturity that is not shorter than the Weighted Average Life to Maturity of, all then outstanding Term Loans or (b) the proceeds of which are deposited into an escrow account and which are subject to special mandatory prepayment to the creditors of such Indebtedness out of such escrow to the extent the conditions for release of the proceeds to the Borrower or any of its Restricted Subsidiaries are not satisfied (provided that, to the extent such Indebtedness is released from escrow, the maturity date thereof is not earlier than the Latest Term Loan Maturity Date of, and the Weighted Average Life to Maturity thereof is not shorter than the Weighted Average Life to Maturity of, all then outstanding Term Loans).