Examples of U.S. Borrower in a sentence
In the case of the U.S. Borrower, as of the end of any fiscal quarter, permit the ratio of (i) Consolidated Adjusted EBITDA for such fiscal quarter together with the three fiscal quarters which immediately precede such fiscal quarter to (ii) Consolidated Interest Expense during such period to be less than 1.50 to 1.00.
The Ireland Borrower hereby designates the U.S. Borrower as the Borrower Representative.
In the case of the U.S. Borrower, permit the Consolidated Shareholders’ Equity as at the last day of any fiscal quarter of the U.S. Borrower to be less than Two Billion Five Hundred Million Dollars ($2,500,000,000).
In the case of the U.S. Borrower, permit the Consolidated Unencumbered Assets as at the last day of any fiscal quarter of the U.S. Borrower to be less than 125% of the Consolidated Unsecured Indebtedness as at the last day of such fiscal quarter.
Borrower shall cause each of its Subsidiaries that, on the Closing Date or any time thereafter, guarantees any Specified Indebtedness of the U.S. Borrower, to execute and deliver to the Administrative Agent a Guaranty; provided that such Subsidiary may be released from its Guaranty at such time as it no longer guarantees any Specified Indebtedness of the U.S. Borrower.