Examples of Incurrence Ratio in a sentence
Notwithstanding the foregoing payment to the Collateral Account, the related LIBOR Loan shall remain outstanding for all purposes of this Agreement, including, without limitation, the accrual of interest and fees and the calculation of the Consolidated Leverage Ratio and the Incurrence Ratio, until such time as such LIBOR Loan has been paid in full or converted or continued in accordance with the terms hereof.
The Issuer and the Guarantors shall not, and shall not permit any of their Subsidiaries to, individually or collectively, directly or indirectly, make any Restricted Payment if, after giving effect to such Restricted Payment on a pro forma basis, (i) a Default or an Event of Default shall have occurred and be continuing or (ii) Xxxxxxx International is not permitted to incur at least $1.00 of additional Indebtedness pursuant to the Debt Incurrence Ratio contained in Section 4.10.
The Term Loans are being incurred pursuant to, and in full compliance with, the 1997 Senior Unsecured Indenture, and the Term Loans are classified as Indebtedness incurred under the "Debt Incurrence Ratio".
Notwithstanding the foregoing payment to the Collateral Account, the related SOFR Loan shall remain outstanding for all purposes of this Agreement, including, without limitation, the accrual of interest and fees and the calculation of the Consolidated Leverage Ratio and the Incurrence Ratio, until such time as such SOFR Loan has been paid in full or converted or continued in accordance with the terms hereof.