Calculation Adjustments. (a) If a Restricted Subsidiary acquires any company, business or undertaking which becomes part of the Restricted Group (an “Acquired Business”) for each Relevant Period which ends less than 12 Months after completion of that acquisition, only for the purposes of determining the Drawn Super Senior Gross Leverage Ratio for that Relevant Period, the results of the Acquired Business will be deemed included with those of the rest of the Group for the full duration of the Relevant Period as if the Acquired Business had been acquired at the start of the Relevant Period (in each case, without double-counting) and taking into account, in the case of the acquisition, any cost savings and other synergies which the CFO or CEO, acting reasonably, has certified are reasonably anticipated to be achieved within 12 months of the relevant acquisition.
Calculation Adjustments. (a) EBITDA, Finance Charges and Net Finance Charges
Calculation Adjustments. (a) For the purpose of the Maintenance Covenants, the figures for EBITDA and Net Finance Charges for the Relevant Period ending on the relevant Reference Date shall be used but adjusted so that:
Calculation Adjustments. EBITDA for the Incurrence Test, the Distribution Test and the Maintenance Test shall be calculated as set out below. The figures for EBITDA for the Reference Period ending on the relevant test date shall be used but adjusted so that:
Calculation Adjustments. (a) If any amendment, waiver or exercise of any right under any Senior Financing Agreement or any transaction in relation to DA Approved Hedging would (but for the operation of this clause) have had the effect of materially increasing the Senior Debt Liabilities and such amendment, consent, waiver, increase or transaction:
Calculation Adjustments. (a) For the purpose of determining compliance with the financial covenants in clause 20.13(a) (Interest cover), 20.13(b) (Leverage Ratio) and 20.13(c) (Cashflow Cover) if the Group acquires a company or companies (having obtained any necessary consent under this agreement to do so), until the first Testing Date which falls more than 12 months after the relevant company or companies became Subsidiaries of the Parent, the results of such company or companies will be deemed included with those of the rest of the Group for the full duration of the relevant Testing Period as if such company or companies had become a Group Company at the commencement of the Testing Period. Any necessary aggregation of their results will (if required by the Facility Agent (acting reasonably)) be confirmed by the Auditors and will not include any synergy benefits expected to be achieved as a result of the acquisition of such company or companies;
Calculation Adjustments. For the purpose of determining compliance with the financial covenants in clause 19.11 (Financial covenant - Leverage Ratio) if the Group acquires a company or companies (having obtained any necessary consent under this agreement to do so), until the first Testing Date which falls more than 12 months after the relevant company or companies became Subsidiaries of the Parent, the results of such company or companies will be deemed included with those of the rest of the Group for the full duration of the relevant Testing Period as if such company or companies had become a Group Company at the commencement of the Testing Period. Any necessary aggregation of their results will be confirmed by the Auditors and will not include any synergy benefits expected (save as provided in the definition of Permitted Acquisition in clause 1.1 (Definitions)) to be achieved as a result of the acquisition of such company or companies.
Calculation Adjustments. (a) For the purpose of determining compliance with the financial covenants in clause 20.11(a) (Debt to earnings), 20.11(b) (Cashflow Cover), 20.11(c) (Net Interest Cover) and 20.11(d)) (Net Senior Debt) for each Testing Period ending on a Testing Date prior to the date falling one year after the first Drawdown Date:
Calculation Adjustments. For the purpose of determining compliance with the covenants in clauses 20.14(a) (Debt to Earnings), 20.14(b) (Target Interest Cover), 20.14(c) (FSHC Interest Cover) and 20.14(d) (Target Cashflow):
Calculation Adjustments. For any testing period ending less than four Fiscal Quarters after the Original Closing Date, “Consolidated Net Cash Interest Expense” shall be annualized for the period from the Original Closing Date to the relevant testing date, by multiplying Consolidated Net Cash Interest Expense by A/ B, where A=365 and B equals the number of days elapsed since (and including) the Original Closing Date.
