Debt Adjustments Sample Clauses
Debt Adjustments. In the event INT'▇.▇▇▇ or its Subsidiaries shall breach the covenants in Section 5.6 hereof, the aggregate amount of all breaches of such Section 5.6 shall be deemed to be the "Debt Adjustment Amount" for purposes of this Agreement. "Debt Payment Shares" shall mean a number of shares of Parent Common Stock determined by dividing the Debt Adjustment Amount plus any accrued interest on such amount as of the Closing by the Parent Average Closing Price.
Debt Adjustments. For purposes of calculating the Fixed Charge Coverage Ratio for any period of measurement that includes an incurrence of Indebtedness by Borrower or any of its Subsidiaries, if any such Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the date of determination had been the applicable rate for the entire period taking into account any interest rate hedging agreement applicable to such Indebtedness.
Debt Adjustments. The debt restructuring described in Section 2.4 shall have been completed and agreed to by each holder of such debt;
Debt Adjustments. Reflects adjustments for the following two assumed financing transactions:
(1) Anticipated private offering of $100 million principal amount of 8.5% senior notes due 2021 sold at par; and
(2) Refinancing of all of SXH’s interest-bearing debt, which is required as part of the closing under the Transaction Agreements, which is assumed to be funded for purposes of this unaudited pro forma financial information by the issuance of senior notes by the Partnership and/or its finance subsidiary. The assumed terms are as follows for each financing transaction:
(1) Anticipated private offering of senior notes—estimated proceeds from the sale of $100.0 million principal amount of senior notes sold at par less debt issuance costs of 2.0% of proceeds, with interest at a stated rate of 8.5% paid in cash on a semi-annual basis and a maturity date of 2021.
(2) Refinancing of SXH debt—estimated proceeds of $557.7 million from the sale of senior notes sold at par, less debt issuance costs of approximately 2.0% of proceeds, to refinance SXH’s debt balance at September 30, 2017, with interest at a stated rate of 8.5% paid in cash on a semi-annual basis and a maturity date of five years from the assumed pro forma closing date of the Transactions. Refer to note (h) for the pro forma interest expense adjustment.
Debt Adjustments. Subject to Section 2.4, immediately upon execution of this Agreement: