Permitted Earlier Maturity Debt definition

Permitted Earlier Maturity Debt means Indebtedness of the Borrower and the Restricted Subsidiaries incurred, at the option of the Borrower, with a final maturity date prior to the Original Maturity Date in an aggregate outstanding principal not in excess of the greater of (i) $1,000,000,000 and (ii) 100.0% of Consolidated EBITDA of the Borrower and the Restricted Subsidiaries for the most recently ended Test Period (calculated on a Pro Forma Basis).
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Permitted Earlier Maturity Debt means at the option of the Borrower (in its sole discretion), Indebtedness incurred with a final maturity date prior to the earliest maturity date otherwise expressly required under this Agreement with respect to such Indebtedness and/or a Weighted Average Life to Maturity shorter than the minimum Weighted Average Life to Maturity otherwise expressly required under this Agreement with respect to such Indebtedness in an aggregate outstanding principal amount not to exceed the greater of (a) $206,000,000 and (b) 100.0% of Consolidated EBITDA of the Group Parties for the most recently ended Test Period (calculated on a Pro Forma Basis), in each case, solely to the extent the final maturity date of such Indebtedness is expressly restricted from occurring prior to such earliest maturity date, or the Weighted Average Life to Maturity of such Indebtedness is expressly restricted from being shorter than the minimum Weighted Average Life otherwise required, under the applicable Basket.
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Permitted Earlier Maturity Debt means Indebtedness incurred, at the option of the Borrower (in its sole discretion), with a final maturity date prior to the Scheduled Maturity Date of the Term Facility and/or a Weighted Average Life to Maturity shorter than the remaining Weighted Average Life to Maturity of the Term Loans in aggregate outstanding principal up to $85,000,000, in each case, solely to the extent the final maturity date of such Indebtedness is expressly restricted under an applicable basket from occurring prior to the Scheduled Maturity Date of the Term Facility and/or the Weighted Average Life to Maturity of such Indebtedness is expressly restricted under an applicable basket from being shorter than the remaining Weighted Average Life to Maturity of the Term Loans.
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More Definitions of Permitted Earlier Maturity Debt

Permitted Earlier Maturity Debt means Indebtedness in the form of Convertible Debt Securities and Guarantees with respect thereto issued pursuant to Section 6.01(u) with a final maturity date that is (x) at least 91 days after the scheduled expiration or termination of any then outstanding Revolving Credit Commitments and (y) at least 91 days after the scheduled maturity date of the Term A-2 Loans, in an aggregate outstanding principal amount not to exceed the greater of (i) $500 million and (ii) the product of (a) 0.75 multiplied by (b) Annualized Operating Cash Flow for the most recently ended full fiscal quarter ending immediately prior to the time of incurrence of such Indebtedness for which financial statements have been delivered pursuant to Section 5.01(a) or (b) of this Agreement. For the avoidance of doubt the principal amount limitation set forth in this definition shall apply to all Indebtedness in the aggregate incurred and outstanding in reliance hereof and shall not operate as a separate and distinct limitation for each incurrence of Indebtedness.
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Permitted Earlier Maturity Debt means at the option of the Borrower (in its sole discretion), Indebtedness incurred with a final maturity date prior to the earliest maturity date otherwise expressly required under this Agreement with respect to such Indebtedness and/or a Weighted Average Life to Maturity shorter than the minimum Weighted Average Life to Maturity otherwise expressly required under this Agreement with respect to such Indebtedness in an aggregate outstanding principal amount not to exceed the greater of (a) $206,000,000 and (b) 100.0% of Consolidated EBITDA of the Group Parties for the most recently ended Test Period (calculated on a Pro Forma Basis), in each case, solely to the extent the final maturity date of such Indebtedness is expressly restricted from occurring prior to such earliest maturity date, or the Weighted Average Life to Maturity of such Indebtedness is expressly restricted from being shorter than the minimum Weighted Average Life otherwise required, under the applicable Basket. “Permitted Holders” means each of (a) the Sponsor, (b) current, future and former managers and members of management of Holdings (or any Permitted Parent (other than clause (b) of the definition thereof)) or its Subsidiaries that have ownership interests in Holdings (or such Permitted Parent (other than clause (b) of the definition thereof)), (c) any other beneficial owner in the common equity of Holdings (or such Permitted Parent (other than clause (b) of the definition thereof)) as of the Closing Date or any Person identified to the Administrative Agent prior to the Closing Date to which common equity of Holdings (or such Permitted Parent) will be transferred after the Closing Date, (d) any group (within the meaning of Rule 13d-5 under the Exchange Act) of which any of the Persons described in clauses (a), (b) or (c) above are members (and, in each case, with respect to any such Person that is a natural person, his or her Immediate Family Members); provided that, without giving effect to the existence of such group or any other group, any of the Persons described in clauses (a), (b) and (c), collectively, beneficially own Voting Stock representing 50% or more of the total voting power of the Voting Stock of Holdings (or any
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Permitted Earlier Maturity Debt means up to $100,000,000 in aggregate principal amount of Indebtedness that may be incurred, at the election of the Borrower, under Section 2.14, Section 2.15, Section 7.03(g) or Section 7.03(s) or any Incremental Equivalent Debt, Replacement Term Loans or Refinancing Loans, in each case, with (i) a final maturity date prior to the Maturity Date of the 2020 Replacement Term Loans and, the 2023 Replacement Term Loans and the 2024 Extended Term Loans and (b) a Weighted Average Life to Maturity shorter than the remaining Weighted Average Life to Maturity of the 2020 Replacement Term Loans and, the 2023 Replacement Term Loans and the 2024 Extended Term Loans.
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Permitted Earlier Maturity Debt means up to $100,000,000 in aggregate principal amount of Indebtedness that may be incurred, at the election of the Borrower, under Section 2.14, Section 2.15, Section 7.03(g) or Section 7.03(s) or any Incremental Equivalent Debt, Replacement Term Loans or Refinancing Loans, in each case, with (i) a final maturity date prior to the Maturity Date of the Term B Loans and (b) a Weighted Average Life to Maturity shorter than the remaining Weighted Average Life to Maturity of the Term B Loans.
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Permitted Earlier Maturity Debt means (x) Indebtedness in an aggregate principal amount at any time outstanding not to exceed $200,000,000; provided that a Reserve is implemented in an amount equal to the principal amount outstanding of such Indebtedness from time to time from and after the date that is 91 days prior to such Indebtedness’ maturity date and (y) Customary Bridge Financings or Indebtedness issued subject to customary escrow arrangements that have redemption requirements related to such escrow release (so long as subject to such escrow).
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Permitted Earlier Maturity Debt means Indebtedness of the Borrower and the Restricted Subsidiaries incurred, at the option of the Borrower, with a final maturity date prior to the Original Term Loan Maturity Date and/or a Weighted Average Life to Maturity shorter than the remaining Weighted Average Life to Maturity of the Closing Date Term Loans in an aggregate outstanding principal not in excess of the greater of (i) $79,000,000 and (ii) 50% of Consolidated EBITDA of the Borrower and the Restricted Subsidiaries for the most recently ended Test Period (calculated on a pro forma basis).
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Related to Permitted Earlier Maturity Debt

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • Final Maturity Date means the date that (i) is one hundred eighty (180) days following the Scheduled Termination Date or (ii) such earlier date on which the Loans become due and payable pursuant to Section 9.01.

  • Revolver Maturity Date means September 21, 2023, or, as to any Revolving Credit Lender for which the Revolver Maturity Date is extended pursuant to Section 2.17, the date to which the Revolver Maturity Date is so extended or, if such day is not a Business Day, the next preceding Business Day.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Term Loan A Maturity Date means July 29, 2025.

  • Term B Maturity Date means January 31, 2025.

  • Class B Maturity Date means the January 2040 Distribution Date.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • Original Maturity Date means the date on which the bond reaches the end of the term for which it was initially offered and, unless further extended, ceases to earn interest.

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • Tranche B Term Loan Maturity Date means October 20, 2016.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Term B Loan Maturity Date means December 7, 2023.

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Existing Maturity Date has the meaning specified in Section 2.14(a).

  • Revolving Loan Maturity Date means the earliest to occur of (i) the Maturity Date and (ii) the date on which the Revolving Loans become due and payable in accordance with Section 10.02.