Pro Forma Financial Covenant Compliance means, as of any date of determination, with respect to any transaction to occur on such date, (a) the Current Ratio, determined as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered or are required to have been delivered pursuant to Section 5.01, after giving effect to such transaction, is not less than the required amount set forth in Section 6.04(a); and (b) the Total Net Leverage Ratio, determined as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered or are required to have been delivered pursuant to Section 5.01, after giving effect to such transaction as if such transaction had occurred on the first day of the applicable measurement period, is not greater than the required amount set forth in Section 6.04(b).
Pro Forma Financial Covenant Compliance means, as of any date of determination, with respect to any transaction to occur on such date, the Total Indebtedness to Capitalization Ratio, determined as of the last day of the most recently ended Fiscal Quarter for which Financial Statements have been delivered or are required to have been delivered pursuant to Section 5.01, after giving effect to such transaction as if such transaction had occurred on the last day of such Fiscal Quarter, is not less than the required amount set forth in Section 6.04.
Pro Forma Financial Covenant Compliance means, as of any date of determination, with respect to any transaction to occur on such date, (a) the Interest Coverage Ratio, determined as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered or are required to have been delivered pursuant to Section 5.01, after giving effect to such transaction as if such transaction had occurred on the first day of the applicable measurement period, is not less than the required amount set forth in Section 6.04(b); (b) Liquidity, determined as of such date after giving effect to such transaction, will be at least equal to the Minimum Liquidity Amount as of such date; and (c) the Collateral Coverage Ratio, determined as of such date after giving effect to such transaction, will be at least equal to 1.50 to 1.00.
Examples of Pro Forma Financial Covenant Compliance in a sentence
CERTAIN DEFINITIONS 1.1 Certain Definitions 1 1.2 Construction 41 1.3 Accounting Principles 42 1.4 Valuations 43 1.5 Pro Forma Financial Covenant Compliance 43 2.
CERTAIN DEFINITIONS 1 1.1 Certain Definitions Construction Accounting Principles Valuations Letter of Credit Amounts Pro Forma Financial Covenant Compliance Interest Rates 1 1.2 63 1.3 64 1.4 64 1.5 65 1.6 65 1.7 65 2.
CERTAIN DEFINITIONS 1 1.1 Certain Definitions 1 1.2 Construction/Calculations 65 1.3 Accounting Principles 66 1.4 Valuations 67 1.5 Letter of Credit Amounts 67 1.6 Pro Forma Financial Covenant Compliance 67 1.7 Interest Rates 68 2.
CERTAIN DEFINITIONS 1 1.1 Certain Definitions 1 1.2 Construction/Calculations 68 1.3 Accounting Principles 69 1.4 Valuations 70 1.5 Letter of Credit Amounts 70 1.6 Pro Forma Financial Covenant Compliance 70 1.7 Interest Rates 71 2.
More Definitions of Pro Forma Financial Covenant Compliance
Pro Forma Financial Covenant Compliance means, with respect to the incurrence of any Indebtedness pursuant to Section 6.01(h) or 6.01(i), that the Borrower shall be in pro forma compliance with each of the covenants set forth in Sections 6.12, 6.13, 6.14 and 6.15 (calculated as if such Indebtedness had been incurred at the beginning of the relevant four consecutive fiscal quarter period and, if such Indebtedness has a floating rate, calculated based on an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as at the relevant date of determination).
Pro Forma Financial Covenant Compliance means, as of any date of determination, with respect to any transaction to occur on such date,
Pro Forma Financial Covenant Compliance means, as of any date of determination, with respect to any transaction to occur on such date, (a) the Current Ratio, determined as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered or are required to have been delivered pursuant to Section 5.01, after giving effect to such transaction, is not less than the required amount set forth in Section 6.04(a); (b) the Total Net Leverage Ratio, determined as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered or are required to have been delivered pursuant to Section 5.01, after giving effect to such transaction as if such transaction had occurred on the first day of the applicable measurement period, is not greater than the required amount set forth in Section 6.04(b); and (c) during any Interim Investment Grade Period, the PV-9 Coverage Ratio, determined as of the last day of the most recently ended Fiscal Quarter for which financial statements have been delivered or are required to have been delivered pursuant to Section 5.01, after giving effect to such transaction as if such transaction had occurred on the first day of the applicable measurement period, is not less than the required amount set forth in Section 6.04(c).
Pro Forma Financial Covenant Compliance means, as of any date of determination, the pro forma compliance of Company and its Subsidiaries on a consolidated basis with each of the financial covenants set forth in subsection 7.6 for the immediately preceding two Fiscal Quarter period (on an annualized basis) prior to such date of determination (the "COMPLIANCE PERIOD") after giving effect to (i) a Permitted Acquisition by an Acquiring Subsidiary, if any, including without limitation giving effect to the incurrence or assumption of any Indebtedness or any other costs and expenditures or the making of any distributions and other payments in connection with or otherwise relating to such Permitted Acquisition, (ii) an Asset Sale permitted under subsection 7.7(vi), if any, including without limitation the elimination of the contribution to Consolidated Adjusted EBITDA by the assets being sold and, if assets are being concurrently acquired with the proceeds of such sale, the inclusion of the amount such assets would have contributed to Consolidated Adjusted EBITDA, or, if assets are not concurrently acquired, the assumed or actual repayment of Indebtedness under this Agreement in the amount of such proceeds, and (iii) the making of any Restricted Junior Payments under clause (b) of the proviso contained in subsection 7.5, if any, in each case as if such Permitted Acquisition, Asset Sale or Restricted Junior Payment were made on the first day of such Compliance Period.
Pro Forma Financial Covenant Compliance means, with respect to the incurrence of any Indebtedness pursuant to Section 2.24(a), 6.01(h), 6.01(i), or 6.01(j) and the payment of any cash dividends in respect of any Cash-Pay Preferred pursuant to Section 6.09(b)(ii), that the Borrower shall be in pro forma compliance with each of the covenants set forth in Sections 6.12, 6.13, 6.14 and 6.15 (calculated, where applicable, as if such Indebtedness had been incurred at the beginning of the relevant four consecutive fiscal quarter period and, if such Indebtedness has a floating rate, calculated based on an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as at the relevant date of determination).
Pro Forma Financial Covenant Compliance means, as of any date of determination, with respect to any transaction to occur on such date, (a) the Current Ratio, determined as of the last day
Pro Forma Financial Covenant Compliance means, as of any date of determination, with respect to any transaction to occur on such date, (a) the Current Ratio, determined as of the last day of the most recently ended Fiscal Quarter for which Financial Statements have been delivered or are required to have been delivered pursuant to Section 5.01, after giving effect to such transaction as if such transaction had occurred on the last day of such Fiscal Quarter, is not less than the required amount set forth in Section 6.04(a); (b) the Total Net Leverage Ratio, determined as of the last day of the most recently ended Fiscal Quarter for which Financial Statements have been delivered or are required to have been delivered pursuant to Section 5.01, after giving effect to such transaction as if such transaction had occurred on the first day of the applicable measurement period, is not greater than the required amount set forth in Section 6.04(b); and (c) during any Interim Investment Grade Period, the PV-9 Coverage Ratio, determined as of the most recent PV-9 Coverage Ratio Test Date, after giving effect to such transaction as if such transaction had occurred on such PV-9 Coverage Ratio Test Date, is not less than the required amount set forth in Section 6.04(c).