IDHC definition
Examples of IDHC in a sentence
In the event (and only in the event) that any Borrowing is requested to be made on the IDHC Acquisition Date in accordance with Section 3.3, immediately after giving effect to the consummation of the IDHC Transactions on the applicable Borrowing Date, the Parent Borrower and its Subsidiaries on a consolidated basis will be solvent.
At any time that any loans made under the IDHC Bridge Facility remain outstanding, the Parent Borrower will not, and will not permit or cause any of its Subsidiaries to, consummate or agree to consummate any Acquisition to extent that the aggregate amount paid for all such Acquisitions (other than in the form of equity and similar non-cash consideration) exceeds $100,000,000.
I am familiar with the IDHC Transactions, and have reviewed the Credit Agreement, financial statements referred to in Section 5.1 of the Credit Agreement and such documents and made such investigation as I have deemed relevant for the purposes of this Solvency Certificate.
The Total Leverage Ratio as of the last day of any fiscal quarter ending after the Closing Date shall not be greater than the ratio of (i) at any time prior to the IDHC Acquisition Date (or the termination of the IDHC Acquisition Agreement), 3.25 to 1.00, or (ii) at any time on or after the IDHC Acquisition Date, 3.75 to 1.00.
At any time that any loans made under the IDHC Bridge Facility remain outstanding, the Borrower will not, and will not permit or cause any of its Subsidiaries to, consummate or agree to consummate any Acquisition to extent that the aggregate amount paid for all such Acquisitions (other than in the form of equity and similar non-cash consideration) exceeds $100,000,000.
The proceeds of the Loans shall be used for working capital and general corporate purposes of the Borrower, including the consummation of IDHC Acquisition but specifically excluding the backstop of commercial paper.
The Total Leverage Ratio as of the last day of any fiscal quarter, beginning with the first fiscal quarter of 2014, shall not be greater than the ratio of (i) at any time prior to the IDHC Acquisition Date (or the termination of the IDHC Acquisition Agreement) or after the first anniversary of the IDHC Acquisition Date, 3.25 to 1.00 and (ii) at any time on or after the IDHC Acquisition Date but on or prior to the first anniversary of the IDHC Acquisition Date, 3.75 to 1.00.
We shall be transparent about the process and thoroughly explain any potential issues so you can make informed decisions.
In the event (and only in the event) that any Borrowing is requested to be made on the IDHC Acquisition Date in accordance with Section 3.3, immediately after giving effect to the consummation of the IDHC Transactions on the applicable Borrowing Date, the Borrower and its Subsidiaries on a consolidated basis will be solvent.
The Total Leverage Ratio as of the last day of any fiscal quarter, beginning with the first fiscal quarter of 2014, shall not be greater than the ratio of (i) at any time prior to the IDHC Acquisition Date (or the termination of the IDHC Acquisition Agreement) or after the first anniversary of the IDHC Acquisition Date, 3.25 to 1.00.1.00 and (ii) at any time on or after the IDHC Acquisition Date but on or prior to the first anniversary of the IDHC Acquisition Date, 3.75 to 1.00.