Closing Date Total Net Leverage Ratio means 6.20 to 1.00.
Closing Date Total Net Leverage Ratio means 2.95 to 1.00.
Closing Date Total Net Leverage Ratio means 3.00 to 1.00.
Examples of Closing Date Total Net Leverage Ratio in a sentence
On the Closing Date, the Closing Date Total Net Leverage Ratio shall not exceed 3.50:1.00.
More Definitions of Closing Date Total Net Leverage Ratio
Closing Date Total Net Leverage Ratio means 4.65 to 1.00.
Closing Date Total Net Leverage Ratio means the Consolidated Total Net Leverage Ratio on the Closing Date (after giving pro forma effect to the Transactions).
Closing Date Total Net Leverage Ratio means the Total Net Leverage Ratio as of the Closing Date.
Closing Date Total Net Leverage Ratio means 4.20 to 1.00. “CME Term SOFR Administrator” means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator). “Code” means the Internal Revenue Code of 1986, as amended. “Collateral” means the “Collateral” as defined in the Collateral Agreement and also includes all other property that is subject to any Lien in favor of the Collateral Agent for the benefit of the Secured Parties pursuant to any Security Document; provided that, for the avoidance of doubt, the Collateral will not include any Excluded Assets. “Collateral Agent” means JPM, in its capacity as Collateral Agent for itself and the other Secured Parties, and any duly appointed successor in that capacity. 17 US-DOCS\97700238.15141444430.9 “Collateral Agreement” means the Term Loan Guarantee and Collateral Agreement dated as of the Closing Date, among the Loan Parties party thereto and the Collateral Agent, as amended, amended and restated, supplemented or otherwise modified from time to time. “Commitment” means, with respect to each Lender, the commitment of such Lender to make Term Loans as set forth on Schedule 2.01. On the Closing Date, the aggregate amount of Commitments is $2,700.0 million. “Commitment Letter” means that certain Xxxxxxx and Restated Commitment Letter, dated as of November 6, 2017, by and among the Borrower, JPM, BANA, MLPFSI and RBC and including any joinders thereto. “Consolidated Amortization Expense” means, with respect to any Person for any Test Period, the amortization expense of such Person and its Restricted Subsidiaries for such Test Period, including the amortization of deferred financing fees or costs for such Test Period, determined on a consolidated basis in accordance with GAAP. “Consolidated Cash Interest Expense” means, with respect to any Person and its Restricted Subsidiaries (on a consolidated basis) for any Test Period, the sum of: (1) cash consolidated interest expense (less cash interest income) for such period plus (2) all cash dividend payments (excluding items eliminated in consolidation) on any series of Disqualified Stock made during such period. “Consolidated Debt” means, as of any date of determination, the sum (without duplication) of the aggregate principal amount of all Indebtedness of the Borrower and its Restricted Subsidiaries outstanding on such date consisting of Indebtedness for borrowed money, unreimbursed obligations in respect of dra...
Closing Date Total Net Leverage Ratio means 7.00 to 1.00. “Co-Managers” means each of BMO Capital Markets Corp., Jefferies Finance LLC, UBS Securities LLC and MCS Corporate Lending
Closing Date Total Net Leverage Ratio means 4.20 to 1.00. “ Code ” means the Internal Revenue Code of 1986, as amended.
Closing Date Total Net Leverage Ratio means, as shall be adjusted for any Flex Increase, 4.00:1.00. “Fixed Incremental Amount” means the sum of (a) the greater of (i) 100% of Closing Date EBITDA and (ii) 100% of LTM Consolidated Adjusted EBITDA (as defined below) for the most recently ended fiscal quarter for which financial statements are available, plus (b) the aggregate principal amount of voluntary prepayments, redemptions and repurchases (including amounts paid pursuant to “yank-a-bank” provisions with credit given to the amount actually paid in cash, if acquired below par) of First Lien Term Loans, loans under the ABL Facility (as defined in the Transaction Description) or any other revolving facility that is secured on a pari passu basis with the ABL Facility or the First Lien Term Facility (with a corresponding permanent commitment reduction), obligations that are secured on a pari passu basis with the First Lien Term Facility and other secured debt that is secured on a pari passu basis with the First Lien Term Facilities, in each case, except to the extent such prepayments were funded with the proceeds of long-term indebtedness of the Borrower or any restricted subsidiaries minus (c) the sum of (i) Incremental Equivalent Debt (as defined below) incurred and then outstanding in reliance on the Fixed Incremental Amount under the First Lien Term Facility), plus (ii) Indebtedness incurred and then outstanding under the corresponding debt basket. “Incremental Facility Cap” means an amount equal to the Fixed Incremental Amount plus the Ratio Incremental Amount. “LTM Consolidated Adjusted EBITDA” means, as of any date of determination, the Consolidated Adjusted EBITDA of the Borrower and its restricted subsidiaries, determined on a pro forma basis, for the four consecutive fiscal quarters most recently ended prior to such date for which financial statements are internally available. “Ratio Incremental Amount” means such amount as would not result in: (i) with respect to any Incremental Term Facilities or Incremental Equivalent Debt secured on a pari passu basis with the First Lien Term Loans, the Borrower’s First Lien Net Leverage Ratio (to be defined in a manner consistent with the First Lien Documentation Principles) for the applicable Test Period (to be defined in a manner consistent with the First Lien Documentation Principles) exceeding (I) the Closing Date First Lien Net Leverage Ratio or (II) the First Lien Net Leverage Ratio immediately prior to such incurrence; (ii) with respect to ...