Inside Maturity Exception definition
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 Indebtedness consisting of, at the Borrower’s option, any combination of New Incremental Revolving Loans, New Incremental Revolving Loan Commitments, New Term Loans, New Term Loan Commitments, Additional Permitted Debt, Permitted Ratio Debt and Refinancing Indebtedness (and, if applicable, any Permitted Refinancings thereof) in an aggregate principal amount not to exceed the greater of $542,000,000 and 100% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period.
Inside Maturity Exception means Indebtedness consisting of, at the Borrower’s option, any combination of Incremental Facilities, Incremental Equivalent Debt, Permitted Ratio Debt, Credit Agreement Refinancing Indebtedness and any Permitted Refinancing of the foregoing, in each case, that is in an aggregate principal amount not to exceed the greater of (i) 50% of Closing Date EBITDA and (ii) 50% of TTM 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 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.
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 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 that is a Customary Bridge Facility.
Inside Maturity Exception means Indebtedness in an aggregate principal amount not to exceed $25,000,000 and such additional amounts as agreed by the Administrative Agent with the consent of the Required Lenders, that constitutes bridge financings, escrow or other similar arrangements, the terms of which provide for automatic and irrevocable extension of the maturity date thereof, subject to customary conditions, to a date that is not earlier than the latest maturity date of the Initial Revolving Loans, in each case, that is designated by the Borrower as being incurred pursuant to this provision, together with any Refinancing Indebtedness in respect of the foregoing.
Inside Maturity Exception means Indebtedness consisting of any combination of Incremental 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 Borrower as being incurred pursuant to this provision; provided that such Indebtedness either (a) is in an original principal amount not to exceed the greater of (i) 50% of Closing Date EBITDA and (ii) 50% of TTM Consolidated Adjusted EBITDA as of the applicable date of determination, (b) incurred under (or reclassified to) the Ratio Amount, or (c) constitutes bridge financings, escrow or other similar arrangements, the terms of which provide for automatic extension of the maturity date thereof, subject to customary conditions, to a date that is not earlier than the latest maturity date of the Initial Term Loans.
Inside Maturity Exception means Indebtedness that is (a) a Customary Bridge Facility, or (b) Indebtedness incurred pursuant to the Inside Maturity Exception in accordance with the terms of this Agreement in an aggregate amount not to exceed the greater of (x) $500,000,000 and (y) twenty percent (20%) of the book value of Total Assets as of the applicable date of determination.