Distribution Incurrence Test definition
Distribution Incurrence Test means the test pursuant to Clause 14.2.2 (Distribution Incurrence Test).
Distribution Incurrence Test means the Distribution Incurrence Test as set out in paragraph (b) of Clause 12.1 (Incurrence Tests).
Distribution Incurrence Test means the test that the Leverage Ratio (adjusted in accordance with Clause 15.6 (Calculation Adjustments)) does not exceed 2.50:1 for the relevant test period.
More Definitions of Distribution Incurrence Test
Distribution Incurrence Test means the incurrence test set out in Clause 12.5 (Distribution Incurrence Test).
Distribution Incurrence Test means the test referred to in paragraph (a) of Clause 14.3 (Parent’s special covenants).
Distribution Incurrence Test means the test that the Leverage Ratio (adjusted in accordance with Clause 15.7 (Calculation Adjustments)) does not exceed 2.50:1 for the relevant test period.
Distribution Incurrence Test means the test that is set out in paragraph (b) of Clause 12.4 (Incurrence Test).