Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test). "Initial Nominal Amount" has the meaning set forth in Clause 2(c).
Incurrence Test means the test of the financial incurrence covenants as set out in Clause 13.2 (Incurrence Test).
Examples of Incurrence Test in a sentence
If the Compliance Certificate is provided in connection with an Incurrence Test, the certificate shall include calculations and figures in respect of the Incurrence Test.
Provided that (i) no Event of Default is continuing or would result from the relevant issue of Subsequent Bonds and (ii) the Incurrence Test (including such issue of Subsequent Bonds on a pro forma basis) is met, the Issuer may, on one or several occasions, issue Subsequent Bonds.
More Definitions of Incurrence Test
Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test). "Initial Bond Issue" means the issuance of the Initial Bonds.
Incurrence Test means the test of the financial incurrence covenants as set out in Clause 11 (Incurrence Covenant).
Incurrence Test shall the meaning provided in Section 10.04(iv).
Incurrence Test means the financial test defined in Clause 10.5. “Initial Nominal Amount” has the meaning set forth in Clause 2.4.
Incurrence Test means the test of the financial incurrence covenants as set out in Clause 12 (Incurrence Test).
Incurrence Test means that, as of the applicable test date, the Leverage Ratio as of such date, based on Consolidated Adjusted EBITDA for the most recently ended period of four consecutive Fiscal Quarters of the Group for which internal financial statements are available and Consolidated Total Debt as of the applicable test date, shall be 3.00:1.00 or less.