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 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.

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.

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 any Incremental Equivalent Debt, Incremental Term Loans, 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 Amendment No. 23 Term Loans, (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 (i) $165,000,000 and (ii) 50% of LTM Consolidated Adjusted EBITDA as of the applicable date of determination or (c) is issued in the form of convertible notes that have a final scheduled maturity date of not less than 5 years from the issuance thereof.

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 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 means any Indebtedness in the form of term loans that is designated by the Borrower as being incurred pursuant to this provision; provided that all such Indebtedness so designated (a) either (i) is a customary extendable bridge facility or (ii) has been placed in escrow pending a transaction and is subject to a special mandatory prepayment out of such escrow, (b) in the aggregate is in an original aggregate principal amount that does not exceed the greater of 50% of Closing Date EBITDA and 50% of TTM Consolidated Adjusted EBITDA measured on a Pro Forma Basis or (c) is incurred under, or is reclassified to, the Ratio Amount.