Coverage Ratio Exception definition

Coverage Ratio Exception has the meaning set forth in the proviso in the first paragraph of Section 4.06.

Coverage Ratio Exception has the meaning ascribed to such term in the first paragraph of Section 4.10.

Coverage Ratio Exception has the meaning set forth in the first paragraph of Section 4.10.

Examples of Coverage Ratio Exception in a sentence

• In reaching such conclusion, each of the Buyer and the Company agree to use reasonable best efforts to deliver to the other such additional information as may reasonably be requested to confirm the Chief Financial Officer’s conclusions regarding the Company Coverage Ratio Exception after the Closing.

• The Board of Directors of the Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided, however, that immediately after giving effect to such designation, no Default shall have occurred and be continuing or would occur as a consequence thereof and the Company could incur at least $1.00 of additional Indebtedness pursuant to the Coverage Ratio Exception on a pro forma basis taking into account such designation.

• The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Issuer or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Fixed Charge Coverage Ratio would be at least 2.0 to 1.0 (the "Coverage Ratio Exception").

• The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Issuer or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Fixed Charge Coverage Ratio would be at least 2.00 to 1.00 (the "Coverage Ratio Exception").

• Issuer or the Person formed by or surviving any such consolidation or merger (if other than Issuer) will, on the date of such transaction after giving pro forma effect thereto and any related financing transactions as if the same had occurred at the beginning of the applicable four-quarter period, be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio Exception.

More Definitions of Coverage Ratio Exception

Coverage Ratio Exception has the meaning set forth in Section 4.9(a).

Coverage Ratio Exception is defined in Section 8.1(a).

Coverage Ratio Exception means any date on which the Consolidated Fixed Charge Coverage Ratio is at least 2.0 to 1.0.

Coverage Ratio Exception shall have the meaning assigned to such term in the introductory clause of Section 6.01.

Coverage Ratio Exception has the meaning set forth in the proviso in the first paragraph of the covenant described under Section 3.2.

Coverage Ratio Exception has the meaning set forth in the proviso in the first paragraph of the covenant described under “— Certain Covenants — Limitation on Incurrence of Indebtedness.”

Coverage Ratio Exception has the meaning set forth in the proviso in the first paragraph of Section 4.10.”