Ratio Amount definition

Ratio Amount means an aggregate principal amount that, after giving Pro Forma effect to the incurrence thereof, in accordance with Section 1.08, would not result in:

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Ratio Amount means an aggregate principal amount of any Indebtedness that is incurred pursuant to clause (a) of the “Permitted Ratio Debt” definition.

Ratio Amount means an aggregate principal amount that, after giving Pro Forma Effect to the incurrence thereof, in accordance with Section 1.08 (assuming, in the case of (x) any Incremental Revolving Commitments, a full drawing of such Revolving Commitments and (y) any Incremental Facilities with a delayed draw feature, either (as determined by the US Borrower)

Examples of Ratio Amount in a sentence

• If the Borrower incurs Indebtedness under an Incremental Facility (or Incremental Equivalent Term Debt) using the Incremental Fixed Amount on the same date that it incurs any such Indebtedness using the Incremental Ratio Amount, the Incremental Ratio Amount will be calculated without regard to any incurrence of indebtedness under the Incremental Fixed Amount.

• Unless the Borrower elects otherwise, each incurrence of Incremental Facility (or Incremental Equivalent Term Debt) will be deemed incurred first as Incremental Ratio Amount to the extent permitted, with any balance incurred under the Incremental Fixed Amount.

• All unsecured Permitted Debt originally incurred under clause (4), (11)(b), (19), (21), (28) or (29) of the definition of Permitted Debt (or clause (24) as it relates thereto) will be automatically reclassified asunder the Ratio Amount component of Ratio Debt on the first date on which such Indebtedness would have been permitted to be incurred asunder the Ratio Amount component of Ratio Debt.

• All unsecured Permitted Debt originally incurred under clause (4), (11)(b), (19), (21), (28) or (29) of the definition of Permitted Debt will be automatically reclassified asunder the Ratio Amount component of Ratio Debt on the first date on which such Indebtedness would have been permitted to be incurred asunder the Ratio Amount component of Ratio Debt.

• The aggregate principal amount of Incremental Facilities incurred pursuant to this Section 2.18 together with the aggregate principal amount of Incremental Equivalent Term Debt incurred pursuant to Section 6.01(1) will not exceed, in the aggregate, an amount equal to (a) the Incremental Fixed Amount plus (b) the Incremental Ratio Amount (the sum of the Incremental Fixed Amount and the Incremental Ratio Amount, the “Incremental Amount”).

More Definitions of Ratio Amount

Ratio Amount has the meaning specified in the definition of “Permitted Incremental Amount”.

Ratio Amount means an aggregate principal amount that, after giving Pro Forma Effect to the incurrence thereof, in accordance with Section 1.08 (assuming, in the case of any Incremental Revolving Commitments, a full drawing of such Revolving Commitments and excluding the cash proceeds to the Borrower therefrom), would not result in (x) the Senior Secured Net Leverage Ratio being greater than 2.50 to 1.00 or (y) the Total Net Leverage Ratio being greater than 4.75 to 1.00.

Ratio Amount means an aggregate principal amount that, after the incurrence thereof after giving Pro Forma Effect thereto (assuming that any Incremental Revolving Credit Commitments incurred on the date of calculating the Ratio Amount are drawn in full) would not result in the First Lien Senior Secured Leverage Ratio calculated on a Pro Forma Basis as of the end of the most recent Test Period exceeding 5.00:1.00.

Ratio Amount means an aggregate principal amount that, after the incurrence thereof after giving Pro Forma Effect thereto would not result in the Secured Leverage Ratio calculated on a Pro Forma Basis as of the end of the most recent Test Period exceeding 5.50:1.00.

Ratio Amount means an aggregate principal amount that, after giving Pro Forma Effect to the incurrence thereof, in accordance with Section 1.08 (assuming, in the case of (x) any substantially simultaneous incurrence of Incremental Revolving Commitments (as defined in the First Lien Credit Agreement), a full drawing of such Revolving Commitments (as defined in the First Lien Credit Agreement) and (y) any Incremental Facilities with a delayed draw feature, either (as determined by the Borrower) (i) a full drawing thereof as of the date of receiving commitments in respect thereof or (ii) based on the date and actual amount of funding thereof), would not result in:

Ratio Amount has the meaning specified in the definition of “Permitted Incremental Amount”. “Refinance” has the meaning assigned in the definition of “Refinancing Indebtedness” and “Refinancing” and “Refinanced” have meanings correlative to the foregoing. “Refinanced Debt” has the meaning assigned to such term in the definition of “Refinancing Indebtedness.” “Refinancing Amendment” means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower executed by each of (a) the Borrower and (b) each Additional Lender and Lender that agrees to provide any portion of the Refinancing Loans or Refinancing Commitments being incurred or provided pursuant thereto, in accordance with Section 2.15. “Refinancing Commitments” means any Refinancing Term Commitments. “Refinancing Indebtedness” means (x) Indebtedness incurred by the Borrower or any Restricted Subsidiary, (y) Disqualified Stock issued by the Borrower or any Restricted Subsidiary or (z) Preferred Stock issued by any Restricted Subsidiary which, in each case, serves to extend, replace, refund, refinance, renew or defease (“Refinance”) any Indebtedness, Disqualified Stock or Preferred Stock, including any Refinancing Indebtedness, so long as: (1) (a) the principal amount (or accreted value, if applicable) of such new Indebtedness, the amount of such new Preferred Stock or the liquidation preference of such new Disqualified Stock does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness, the amount of Preferred Stock or the liquidation preference of Disqualified Stock, as applicable, being refinanced except to the extent permitted under Section 1.02(10), plus (b) any accrued and unpaid interest on, the Indebtedness, the amount of any accrued and unpaid dividends on, the Preferred Stock or the liquidation preference of the Disqualified Stock, plus any accrued and unpaid dividends on, the Disqualified Stock being so extended, replaced, refunded, refinanced, renewed or defeased (such Indebtedness, Disqualified Stock or Preferred Stock, the “Refinanced Debt”), plus (c) the amount of any tender premium or penalty or premium required to be paid under the terms of the instrument or documents governing such Refinanced Debt and any defeasance costs and any fees and expenses (including original issue discount, upfront fees or similar fees) incurred in connection with the issuance of such new Indebtedness, Preferred Stock or Disqualified Sto...

Ratio Amount means an aggregate principal amount that, after the incurrence thereof after giving Pro Forma Effect thereto (assuming that any Incremental Revolving Commitments incurred on the date of calculating the Ratio Amount are drawn in full) would not result (i) with respect to Indebtedness to be secured by the Collateral on a “pari passu basis” with the Secured Obligations, in the First Lien Leverage Ratio exceeding 2.50 to 1.00, calculated on a Pro Forma Basis as of the end of the most recent Measurement Period, (ii) with respect to Indebtedness to be secured by the Collateral on a subordinated basis to the Secured Obligations, in the Secured Leverage Ratio exceeding 2.50 to 1.00, calculated on a Pro Forma Basis as of the end of the most recent Measurement Period, and (iii) with respect to Indebtedness that is unsecured or is secured by assets not constituting Collateral, in the Consolidated Total Leverage Ratio not exceeding 3.00 to 1.00, calculated on a Pro Forma Basis as of the end of the most recent Measurement Period.