Financial Definitions means the definitions of Consolidated Interest Expense, Consolidated Net Income, Consolidated Secured Debt Ratio, Consolidated First Lien, Debt Ratio, Consolidated Total Debt Ratio, Consolidated Total Indebtedness, EBITDA, LTM EBITDA, Fixed Charge Coverage Ratio, Fixed Charges and Net Income, and any defined term or section reference included in such definitions.
Financial Definitions means the definitions of Adjusted Share Capital and Reserves, Capitalisation, Consolidated Net Borrowings, EBITDA, Leverage Ratio, Net Interest Costs and Test Period;
Financial Definitions the definitions of Consolidated Interest Expense, Consolidated Net Income, Total First Lien Net Leverage Ratio, Total Net Leverage Ratio, Total Secured Net Leverage Ratio, Consolidated Total Indebtedness, Consolidated EBITDA, Fixed Charge Coverage Ratio, Fixed Charges and Net Income, and any defined term or section reference included in such definitions.
Examples of Financial Definitions in a sentence
The terms used in this Section 1.2 will have the meanings set forth in a supplement entitled "Financial Definitions," a copy of which the Borrower acknowledges having received with this Agreement and which is incorporated herein by reference.
See Attachment 1: Financial Definitions for a detailed definition of operational earnings and other GAAP and non-GAAP financial measures used in this release.
If a Borrowing Base or covenants regarding financial status apply to this loan, the "Financial Definitions" Supplement identified in Sections 1.2 and 2.14 of this Agreement is hereby incorporated into this Agreement.
Attachment 1: Financial Definitions Cash Interest Expense (non-GAAP): Interest expense and related charges less amortization of discount and reacquired debt expense plus capitalized interest.
Pro forma net income and adjusted EBITDA are non-GAAP measures defined below under "Key Financial Definitions." A reconciliation of GAAP net income to pro forma net income and adjusted EBITDA is included in the accompanying financial data.
More Definitions of Financial Definitions
Financial Definitions means the definitions of each of Consolidated Interest Charges, EBITDA, Net Debt and Total Debt;
Financial Definitions. Consolidated EBITDA, Consolidated Coverage Ratio, Consolidated Interest Expense, Consolidated Net Income, Fixed Charge Coverage Ratio and other financial definitions shall be consistent with the equivalent definitions of such terms in the ABL Precedent Documentation, after giving effect to ABL Documentation Considerations, in each case as modified as reasonably agreed to (i) more accurately reflect the business and financial accounting of the Borrower and (ii) address technical clarifications, and in any event shall be no less favorable to the Borrower Entities, with regard to add-backs or otherwise, than the equivalent definitions in the Existing Unisource Credit Agreement.
Financial Definitions means the definitions set out in schedule 8, Capital Expenditure, Borrowed Money, Finance Leases, Net Proceeds, unapplied Net Proceeds (as defined in clause 6.10) and Taxes;
Financial Definitions means the definitions of Borrowed Money, Capital Expenditure, Capitalised Lease Obligations, Consolidated EBITDA, Consolidated Gross Borrowings, Consolidated Gross Interest Expenditure, Consolidated Net Interest Expenditure, Consolidated Net Worth, Finance Leases, Property Payments and Taxes;
Financial Definitions. CAPITALISATION" means, at any time, the aggregate amount of Consolidated Capital and Net Debt at such time. "CONSOLIDATED ASSETS" means, at any time, the consolidated gross assets of the Group.
Financial Definitions. Set forth on Annex 1. Covenants Based on (and giving due regard to) negative and affirmative covenants under the Existing Facility Documents and drafted in a manner consistent with the Documentation Principles, and to be satisfactory to the Borrower and the Required Lenders, but which will include the following changes: Financial Covenants • A minimum liquidity covenant, providing for $40 million minimum liquidity (calculated to include undrawn availability under any Exit RCF/ABL facility) during the first year and $50 million thereafter, tested monthly for the first year following the closing date and quarterly thereafter (the “Liquidity Covenant”). • Commencing with the second full quarter following the Plan Effective Date, a maximum total net leverage ratio maintenance covenant set at levels to be agreed based on a 15% cushion to management’s business plan with step-downs every two fiscal quarters. Ratings Covenant • Within 30 days of closing, use commercially reasonable efforts to obtain and maintain a public rating (but not a specific rating) in respect of the New GTT Term Loan Facility from each of S&P, Xxxxx’x and Fitch. Other • Thresholds and other baskets, in accordance with the Documentation Principles, but amended as set forth in Annex 1. Equity Cures The New GTT Term Loan Facility will contain customary “cure rights” pursuant to which proceeds of cash equity contributions may be included in the calculation of Consolidated Adjusted EBITDA solely for the purposes of determining compliance with the Financial Covenants and solely in such applicable fiscal quarter; provided that such cure rights shall be limited to three occurrences during the life of the New GTT Term Loan Facility. Events of Default Based on (and giving due regard to) those in the Existing Facility Documents, with thresholds as specified in Annex 1.