Webdebt basket to be reallocated to the incremental “starter” or “freebie” basket. This flexibility may be compounded by aggressive “stacking” provisions that allow the borrower to ignore debt incurred under a fixed basket (or a revolving credit facility) regardless of when that debt was incurred. WebMore Definitions of General Debt Basket. General Debt Basket means (a) at all times when the Leverage Ratio as of the last day of the then most recently ended fiscal quarter is less than 3.25 to 1.00, $250,000,000, and (b) at all other times, $200,000,000. General Debt Basket has the meaning specified in Section 7.2 (m).
Priority Debt Basket Definition Law Insider
WebNov 2, 2015 · In many large-cap deals, the borrower can initially utilize the free-and-clear basket to incur incremental debt that does not at the time satisfy the leverage test and … WebDefine Priority Debt Basket. means, at any time, (I) in the case of Section 6.2(w), (a) an amount equal to 10% of Consolidated Net Tangible Assets as of the last day of the most recently ended fiscal quarter of the Parent, less without duplication (b) (i) solely to the extent in excess of the amount in clause (a) above the aggregate principal amount of … allenamento cognitivo nello sport
O’Melveny & Myers Discusses Predatory Priming CLS Blue Sky Blog
WebSubject to the Incremental Debt Conditions, the Company may pay to any Incremental Facility Lender under an Incremental Facility a fee in the amount and at the times … WebMar 11, 2016 · Investors are now objecting to growing free-and-clear incremental baskets that allow companies to add more debt over time, after winning concessions on several … WebSep 23, 2024 · Additional Incurrence Tests. Credit documents typically require that many of the mechanisms used for priming, including baskets and the use of incremental debt, is … allenamento alta intensità bodybuilding