Incurrence Test. The Incurrence Test is met if: (a) The Net Leverage Ratio is not greater than: (i) 5.00x until 31 March 2022; (ii) 4.75x until 31 March 2023; (iii) 4.50x until 31 March 2024;
Appears in 2 contracts
Sources: Amendment and Restatement Agreement, Amendment and Restatement Agreement
Incurrence Test. The Incurrence Test is met if:
(a) The Net Leverage Ratio is not greater than:
(i) 5.25x until 31 March 2021;
(ii) 5.00x until 31 March 2022;
(iiiii) 4.75x until 31 March 2023; ;
(iiiiv) 4.50x until 31 March 2024;
Appears in 1 contract
Sources: Terms and Conditions
Incurrence Test. The Incurrence Test is met if:
(a) The Net Leverage Ratio is not greater than:
(i) 5.25x until 31 March 2021;
(ii) 5.00x until 31 March 2022;
(iiiii) 4.75x until 31 March 2023; ;
(iiiiv) 4.50x until 31 March 2024;
(v) 4.25x until the Final Maturity Date; and
(b) no Event of Default is continuing or would occur upon the incurrence of Financial Indebtedness.
Appears in 1 contract
Sources: Amendment and Restatement Agreement