Incurrence means
WebMay 29, 2024 · What is incurrence test? A financial ratio test for covenant compliance that needs to be met at the time specific actions occur (rather than a maintenance test which needs to be met at regular intervals, such as quarterly or … WebIncurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test). First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Indebtedness as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.
Incurrence means
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Webto come into or acquire (some consequence, usually undesirable or injurious): to incur a huge number of debts. to become liable or subject to through one's own action; bring or … WebJun 3, 2024 · Unilateral Contract: Definition, How It Works, and Types A unilateral contract is a one-sided contract agreement in which an offeror promises to pay only after the …
WebUnlike maintenance covenants where testing is scheduled in advance to ensure compliance with specified credit ratios, incurrence covenants are tests that occur only when specific actions are taken such as: Mergers and Acquisitions (M&A) New Debt Issuances Dividends Payouts Sale of Assets (Divestitures) Web1. incurrence. noun. the act of incurring (making yourself subject to something undesirable).
WebIncurrence is the act or process of acquiring, taking on, or subjecting oneself to something, typically something negative, such as debt, guilt, or someone’s anger. To incur is to … WebSep 6, 2024 · the incurrence of the debt, and the pro forma addition of any acquired EBITDA acquired with the proceeds, is no higher (or, in the case of the fixed charge coverage ratio, no lower) than the applicable ... That means both the debt being incurred and the additional EBITDA attributable to the acquired assets are taken into account. Depending on ...
WebDebt Incurrence has the meaning assigned to such term in Section 2.05 (c) (ii). Bank Debt means all indebtedness at any time owing by the Bank, to or for the credit or account of the Borrower and any claim of the Borrower (whether individual, joint and several or otherwise) against the Bank now or hereafter existing.
WebIncurrence Covenant means a covenant by the borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower including, but not limited to, a debt issuance, dividend payment, … the rack room cottlevillethe rack shop calgaryWebIncur definition, to come into or acquire (some consequence, usually undesirable or injurious): to incur a huge number of debts. See more. sign of the cross prayer in tagalogWebnoun. the act of incurring (making yourself subject to something undesirable) see more. Think you’ve got a good vocabulary? Take our quiz. choose the best picture for. scabbard. … the rack sports barWebDefinition: Incurred, in accounting terms, means the moment in which an expenses has occurred or a transaction has taken place and must be recorded. In other words, it is the exact date in which a financial operation has happened and must be recognized in the accounting system. the rack sacramentoWeb1. incurrence - the act of incurring (making yourself subject to something undesirable) commitment - an engagement by contract involving financial obligation; "his business … the rack sneakersWebIncur To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. West's Encyclopedia of American Law, edition 2. sign of the cross passing church