Ratio Incremental Facility definition
Ratio Incremental Facility as defined in the definition of “Maximum Incremental Facilities Amount”.
Ratio Incremental Facility is as defined in Section 407(b)(i).
Ratio Incremental Facility has the meaning specified in the definition of “Incremental Amount”.
More Definitions of Ratio Incremental Facility
Ratio Incremental Facility each under and as defined therein) shall not exceed 3.75 to 1.00 (as set forth in a certificate of a Responsible Officer of the Parent Borrower delivered to the Administrative Agent at the time of such incurrence, together with calculations demonstrating compliance with such ratio (amounts incurred pursuant to this clause (ii), the “Ratio Incremental Facility”) (it being understood that (A) if pro forma effect is given to the entire committed amount of any such additional amount on the date of initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness, such committed amount may thereafter be borrowed and reborrowed in whole or in part, from time to time, without further compliance with this clause (ii) and (B) for purposes of so calculating the Consolidated First Lien Leverage Ratio (as defined in the First Lien Credit Agreement) under this clause (ii), any additional amount incurred pursuant to this clause (ii) shall be treated as if such amount is Consolidated First Lien Indebtedness (as defined in the First Lien Credit Agreement), regardless of whether such amount is actually secured or is secured by Liens ranking junior to the Liens securing the First Lien Loan Document Obligations (as defined in the First Lien Credit Agreement)); provided that, at the Parent Borrower’s option, capacity under the Ratio Incremental Facility shall be deemed to be used before capacity under the Cash Capped Incremental Facility.
Ratio Incremental Facility as defined in the definition of “Incremental Cap”.