Coverage Ratio Exception definition

Coverage Ratio Exception has the meaning set forth in the proviso in the first paragraph of Section 4.06.

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Coverage Ratio Exception has the meaning ascribed to such term in the first paragraph of Section 4.10.

Coverage Ratio Exception has the meaning set forth in Section 4.9(a).

Examples of Coverage Ratio Exception in a sentence

Any item of Indebtedness entitled to be incurred pursuant to the Coverage Ratio Exception and classified by the Issuer within such type of Indebtedness shall retain such classification (and the amount thereof shall not be counted in the determination of the amount of Indebtedness under any of clauses (1) through (16) of Section 4.07(b)) notwithstanding that the Coverage Ratio Exception is not available at any later time.
For purposes of determining compliance with this Section 4.10, in the event that an item of Indebtedness meets the criteria of more than one of the Sections 4.10(b)(i) through (xix) above or is entitled to be incurred pursuant to the Coverage Ratio Exception, Parent shall, in its sole discretion, classify (or later reclassify) such item of Indebtedness in any manner that complies with this Section 4.10.
For purposes of determining compliance with this Section 4.06, in the event that an item of Indebtedness meets the criteria of more than one of the categories of Permitted Indebtedness described in clauses (1) through (15) above or is entitled to be incurred pursuant to the Coverage Ratio Exception, the Issuer may, in its sole discretion, classify such item of Indebtedness and may divide and classify such Indebtedness in more than one of the types of Indebtedness described.
In reaching such conclusion, each of the Buyer and the Company agree to use reasonable best efforts to deliver to the other such additional information as may reasonably be requested to confirm the Chief Financial Officer’s conclusions regarding the Company Coverage Ratio Exception after the Closing.
The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Issuer or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Fixed Charge Coverage Ratio would be at least 2.00 to 1.00 (the "Coverage Ratio Exception").

More Definitions of Coverage Ratio Exception

Coverage Ratio Exception has the meaning set forth in the first paragraph of Section 4.10.

Coverage Ratio Exception is defined in Section 8.1(a).

Coverage Ratio Exception means any date on which the Consolidated Fixed Charge Coverage Ratio is at least 2.0 to 1.0.

Coverage Ratio Exception has the meaning set forth in the proviso to Section 4.10(a) of this Indenture.

Coverage Ratio Exception has the meaning set forth in the proviso in the first paragraph of the covenant described under “— Certain Covenants — Limitation on Incurrence of Indebtedness.”

Coverage Ratio Exception has the meaning given to such term in ------------------------

Coverage Ratio Exception shall have the meaning assigned to such term in the introductory clause of Section 6.01.