General Debt Basket has the meaning assigned to such term in Section 6.01(xiv).
General Debt Basket has the meaning specified in Section 7.01(l).
General Debt Basket means (a) at all times when the Leverage Ratio as of the last day of the then most recently ended fiscal quarter is less than 3.25 to 1.00, $250,000,000, and (b) at all other times, $200,000,000.
Examples of General Debt Basket in a sentence
The Company will have the option to defer interest for two years on the re-instated debt of $100 million and the flexibility to incur additional financing of up to $45 million through the use of the Super Senior Debt Basket and the General Debt Basket.
The Group also has the flexibility to raise additional debt of up to $45 million through the use of the Super Senior Debt basket and the General Debt Basket.
At this point, it is assumed that the portfolio moves on a linear basis towards 100% gilts on the consumer’s retirement date.
More Definitions of General Debt Basket
General Debt Basket means, in connection with any incurrence of Indebtedness, (a) if the Leverage Ratio as of the last day of the then most recently ended fiscal quarter, computed on a pro forma basis giving effect to the incurrence of such Indebtedness and to all other incurrences and repayments of Indebtedness since the end of such fiscal quarter, would be less than 3.25 to 1.00, $400,000,000, and (b) otherwise, $250,000,000.
General Debt Basket means Indebtedness in an aggregate amount not to exceed $20,000,000 at any time outstanding.
General Debt Basket has the meaning assigned to such definition in Section 6.01(k). “Governmental Authority” shall mean any federal, state, local or foreign court or governmental agency, authority, instrumentality or regulatory or legislative body. “Guarantee” of or by any person (the “guarantor”) shall mean (a) any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose 38 Doc#: US1:15347125v11
General Debt Basket means Indebtedness in an aggregate amount not to exceed $40,000,000 as of the 2010 Notes Closing Date; provided that the General Debt Basket shall be increased to (a) $50,000,000 if Consolidated EBITDA (as demonstrated in the most recent financial information and certificates required to be delivered to the holders of Notes pursuant to Section 7.1) is greater than $110,000,000 for two (2) consecutive quarters (“110 EBITDA Level”) and (b) $60,000,000 if Consolidated EBITDA (as demonstrated in the most recent financial information and certificates required to be delivered to the holders of Notes pursuant to Section 7.1) is greater than $125,000,000 for two (2) consecutive quarters (“125 EBITDA Level”); provided further if Consolidated EBITDA drops below (i) the 110 EBITDA Level, the General Debt Basket shall be reduced to the greater of (A) the then outstanding Indebtedness under the General Debt Basket and (B) $40,000,000, or (ii) the 125 EBITDA Level (but is greater than the 110 EBITDA Level), the General Debt Basket shall be reduced to the greater of (A) the then outstanding Indebtedness under the General Debt Basket and (B) $50,000,000.
General Debt Basket shall have the meaning provided in Section 10.1(l)(ii).
General Debt Basket has the meaning specified in Section 7.01(l). “Government Contract” means an agreement, contract or license to which any Loan Party and the United States or any of its departments, agencies or instrumentalities are parties. “Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
General Debt Basket means Indebtedness in an aggregate amount not to exceed $40,000,000 as of the Closing Date; provided that the General Debt Basket shall be increased to (a) $50,000,000 if the Company and its Subsidiaries’ Consolidated EBITDA (as demonstrated in the most recent financial information and certificates required to be delivered to the Administrative Agent pursuant to Section 5.1 and 5.2) is greater than $110,000,000 for two (2) consecutive quarters (“110 EBITDA Level”) and (b) $60,000,000 if the Company and its Subsidiaries’ Consolidated EBITDA (as demonstrated in the most recent financial information and certificates required to be delivered to the Administrative Agent pursuant to Section 5.1 and 5.2) is greater than $125,000,000 for two (2) consecutive quarters (“125 EBITDA Level”); provided further if Consolidated EBITDA drops below (i) the 110 EBITDA Level, the General Debt Basket shall be reduced to the greater of (A) the then outstanding Indebtedness under the General Debt Basket and (B) $40,000,000, or (ii) the 125 EBITDA Level (but is greater than the 110 EBITDA Level), the General Debt Basket shall be reduced to the greater of (A) the then outstanding Indebtedness under the General Debt Basket and (B) $50,000,000.