Leverage Incurrence Multiple definition
Leverage Incurrence Multiple means, as of any date of determination during the periods set forth below, the correlative multiple set forth opposite such period below: Closing Date through June 30, 2020 2.50:1.00 July 1, 2020 through December 31, 2020 2.25:1.00 January 1, 2021 through March 31, 2021 2.00:1.00 April 1, 2021 through June 30, 2021 1.75:1.00 July 1, 2021 through September 30, 2021 1.70:1.00 October 1, 2021 through December 31, 2021 1.65:1.00 January 1, 2022 and thereafter 1.50:1.00
Leverage Incurrence Multiple means, as of any date of determination, 1.75:1.00.
Leverage Incurrence Multiple means, as of any date of determination during the periods set forth below, the correlative multiple set forth opposite such period below:, 1.75:1.00.
More Definitions of Leverage Incurrence Multiple
Leverage Incurrence Multiple means, as of any date of determination during the periods set forth below, the correlative multiple set forth opposite such period below: Fiscal Quarter Leverage Incurrence Multiple Closing Date until February 28, 2022 6.75 March 1, 2022 through August 31, 2022 6.50 September 1, 2022 and thereafter 6.25 “Leverage Ratio” means, as of any date of determination, the ratio of (i) the Consolidated Funded Debt as of such date, to (ii) Consolidated Adjusted EBITDA for the four-Fiscal Quarter period ending on such date (or, if such date of determination is not the last day of a Fiscal Quarter in respect of which financial statements and a Compliance Certificate are being delivered, for the four-Fiscal Quarter period ending as of the most recently concluded Fiscal Quarter for which financial statements have previously been or were required to be delivered). “Lien” means (i) any lien, mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement and any lease in the nature thereof) and any option, trust or other preferential arrangement having the practical effect of any of the foregoing, and (ii) in the case of Securities, any purchase option, call or similar right of a third party with respect to such Securities. “Lifecore” as defined in the preamble hereto. “Loan” means, as the context requires, an Initial Term Loan or a Multi-Draw Term Loan, together with any PIK Interest added to the outstanding principal amount of the Loans pursuant to Section 2.7(g), and any fee or other Obligations that are paid-in-kind pursuant to the terms of the Credit Documents by adding such amounts to the outstanding principal amount of the Loans. “Margin Stock” as defined in Regulation U. “Material Adverse Effect” means any material adverse effect on or material adverse developments with respect to (i) the business operations, properties, assets, condition (financial or otherwise) or prospects of Holdings and its Subsidiaries taken as a whole; (ii) the ability of any Credit Party to fully and timely perform its Obligations; (iii) the legality, validity, binding effect, or enforceability against any Credit Party of any Credit Document to which it is a party; (iv) the validity, perfection or priority of any Lien in favor of Collateral Agent, for the benefit of the Secured Parties, on the Collateral taken as a whole; or (v) the rights, remedies and benefits ...
Leverage Incurrence Multiple means, as of any date of determination during the periods set forth below, the correlative multiple set forth opposite such period below: