Examples of Net Leverage Ratio in a sentence
Notwithstanding anything to the contrary set forth herein, with respect to determining the permissibility of the incurrence of any Indebtedness, the proceeds of such Indebtedness shall not constitute “unrestricted cash held in a Controlled Account over which the Administrative Agent has a perfected lien and Cash Equivalents of the Company and its Restricted Subsidiaries” for purposes of calculating the Consolidated Total Net Leverage Ratio in connection therewith.
As of any such Fee Adjustment Date and during the Accrual Period commencing on such date, the Applicable Fee Percentage for Facility Fees shall be the Applicable Fee Percentage therefor indicated in the definition of the term “Applicable Fee Percentage” corresponding to the Net Leverage Ratio as of the Fee Determination Date for such Fee Adjustment Date.