Examples of Pro Forma Basis in a sentence
Notwithstanding the above, the parties hereto acknowledge and agree that all calculations of the financial ratios (including for purposes of determining the Applicable Rate) shall be made on a Pro Forma Basis.
Notwithstanding the above, the parties hereto acknowledge and agree that all calculations of the financial covenants in Section 7.11 shall be made on a Pro Forma Basis with respect to any Specified Transaction.
Notwithstanding the foregoing, other than in connection with Protective Advances made in accordance with Section 2.1(b) or referred to in clause (c) of the definition of “Maximum Revolving Insolvency Amount”, neither the Administrative Agent nor any Lender will waive any condition in this Section 4.2 if the Loan Parties are not, on a Pro Forma Basis, in compliance with Section 6.1 or Section 6.2, as applicable, immediately before and after giving effect to the applicable Credit Extension.
The First Lien Net Leverage Ratio, computed on a Pro Forma Basis after giving effect to such Borrowing and the application of the proceeds thereof, shall not exceed 5.50:1.00.
Enter into any Sale and Leaseback Transaction unless, immediately before and after giving effect on a Pro Forma Basis to such Sale and Leaseback Transaction, (i) no Event of Default then exists or would result therefrom and (ii) the Borrower shall be in compliance with the Financial Covenants; provided that if such Sale and Leaseback Transaction is in respect of a Collateral Vessel, the Borrower shall have made a prepayment in accordance with Section 2.10(b).