Examples of Qualified Senior Notes in a sentence
For the purposes of determining compliance with such covenant, indebtedness of a Qualified SPE attributable to Qualified Senior Notes shall be excluded and Qualified Installment Sale Notes shall not be included in determinations of Total Asset Value.
For the avoidance of doubt, to the extent a Material Acquisition is consummated and Qualified Senior Notes are issued in the same fiscal quarter, clause (iii) of the foregoing paragraph shall apply.
An Interest Coverage Ratio shall be maintained as of the last day of each fiscal quarter of Partners of not less than 3.00 to 1.00; provided, however, that an Interest Coverage Ratio of not less than 2.75 to 1.00 shall be maintained while any Qualified Senior Notes are outstanding.
A Total Leverage Ratio shall be maintained as of the last day of each fiscal quarter of Partners of not greater than 4.75 to 1.00; provided, however, that a Total Leverage Ratio of not greater than 5.25 to 1.00 may be maintained (a) during any Specified Period and (b) while any Qualified Senior Notes are outstanding.
While any Qualified Senior Notes are outstanding, a Senior Secured Leverage Ratio shall be maintained as of the last day of each fiscal quarter of Partners of not greater than 3.75 to 1.00.