Permitted Acquisition Debt means Debt of the Company or any of the Restricted Subsidiaries to the extent that:
Permitted Acquisition Debt means Debt of the Issuer or any of the Restricted Subsidiaries to the extent that:
Permitted Acquisition Debt means any Indebtedness, Disqualified Stock or Preferred Stock of (a) the Issuer and any Restricted Subsidiary incurred to finance an acquisition (including any merger, amalgamation or consolidation), any transaction in connection therewith and related fees and expenses and (b) any Person that is acquired by the Issuer or any Restricted Subsidiary as a result of which such Person becomes a Restricted Subsidiary or that is merged into, or amalgamated or consolidated with, the Issuer or a Restricted Subsidiary in compliance with the terms of this Indenture; provided that after giving effect to such acquisition, merger, amalgamation or consolidation, the incurrence or issuance of such Indebtedness, Disqualified Stock or Preferred Stock and the repayment, redemption, repurchase, defeasance, extinguishment or other retirement of Indebtedness, Disqualified Stock or Preferred Stock, either (i) the Fixed Charge Coverage Ratio on a consolidated basis for the Issuer and its Restricted Subsidiaries would have been at least 2.00 to 1.00 (or such Fixed Charge Coverage Ratio is greater than immediately prior to such acquisition, merger, amalgamation or consolidation) or (ii) the Consolidated Total Debt Ratio of the Issuer and the Restricted Subsidiaries would not have been greater than immediately prior to such acquisition, merger, amalgamation or consolidation.
Examples of Permitted Acquisition Debt in a sentence
Guaranty, or in any other way become directly or ----------- contingently obligated for any Debt of any other Person (including any agreements relating to working capital maintenance, take or pay contracts or similar arrangements) other than (i) the endorsement of negotiable instruments for deposit in the ordinary course of business; (ii) guarantees existing on the date hereof and set forth in Schedule 5.02(i) annexed hereto; or (iii) guarantees constituting Permitted Acquisition Debt.
More Definitions of Permitted Acquisition Debt
Permitted Acquisition Debt means Indebtedness corresponding with assets or a Restricted Subsidiary acquired pursuant to a Permitted Acquisition; provided, that the following restrictions and limitations shall govern such Indebtedness:
Permitted Acquisition Debt shall have the meaning provided in Section 10.01(j).
Permitted Acquisition Debt means Indebtedness incurred to finance a Permitted Acquisition or any other Investment permitted hereunder subject to the following conditions: (a) if such Permitted Acquisition Debt shall be secured by a security interest in the Collateral, such Indebtedness shall be subject to a Market Intercreditor Agreement reasonably satisfactory to the Administrative Agent and, if in the form of “Term B” loans secured on a pari passu basis with the Liens securing the Obligations, shall be subject to clause (vi) of Section 2.20(d) as if such Permitted Acquisition Debt constituted Incremental Term Loans; (b) no Permitted Acquisition Debt shall mature prior to the then applicable Latest Maturity Date or have a weighted average life to maturity that is less than the weighted average life to maturity of the Term Loans; (c) such Permitted Acquisition Debt shall have terms, including pricing (including interest, fees and premiums), optional prepayment and redemption terms, as may be agreed to by the Parent Borrower and the lenders party thereto, (d) except with respect to Permitted Acquisition Debt constituting Non-Loan Party Indebtedness, the Permitted Acquisition Debt may not have borrowers, issuers, guarantors or other obligors or security in any case more extensive than the Credit Facilities; (e) the terms and conditions including such financial maintenance covenants (if any) applicable to such Permitted Acquisition Debt (x) shall not be, when taken as a whole, materially more favorable (as determined in good faith by the board of directors of the Parent Borrower), to the holders of such Indebtedness than those applicable under this Agreement (except for covenants or other provisions (i) applicable only to periods after the Latest Maturity Date or (ii) that are also for the benefit of all other Lenders in respect of Loans and Commitments outstanding at the time such Permitted Acquisition Debt is incurred) or (y) shall be current market terms; (f) if such Permitted Acquisition Debt is incurred by a Loan Party and secured by the Collateral on a pari passu basis to the Credit Facilities, the First Lien Net Leverage Ratio would be no greater than the First Lien Net Leverage Ratio immediately prior to giving effect to such incurrence of Indebtedness on a pro forma basis determined in accordance with Section 1.03; (g) if such Permitted Acquisition Debt is incurred by a Loan Party and secured by the Collateral on a junior basis to the Credit Facilities the Secured Net Leverage...
Permitted Acquisition Debt has the meaning specified in Section7.02(2)(n)(z).
Permitted Acquisition Debt has the meaning assigned to such term in Section 6.01(e).
Permitted Acquisition Debt has the meaning specified in Section 7.02(2)(n).
Permitted Acquisition Debt has the meaning ascribed to it in Section 3.6.