Incurrence Test definition
Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test). "Initial Nominal Amount" has the meaning set forth in Clause 2(c).
Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test). "Initial Bond Issue" means the issuance of the Initial Bonds.
Examples of Incurrence Test in a sentence
The Incurrence Test is met if Leverage is less than 3.00:1 at the relevant time (the “Incur- rence Test”).
More Definitions of Incurrence Test
Incurrence Test means the test of the financial incurrence covenants as set out in Clause 12 (Incurrence Test).
Incurrence Test means the test of the financial incurrence covenants as set out in Clause 13.2 (Incurrence Test).
Incurrence Test means the test of the financial incurrence covenants as set out in Clause 11 (Incurrence Covenant).
Incurrence Test means the financial test defined in Clause 10.5.
Incurrence Test shall the meaning provided in Section 10.04(iv).
Incurrence Test means the financial test defined in Clause 10.5. “Initial Nominal Amount” has the meaning set forth in Clause 2.4.
Incurrence Test means that, as of the applicable test date, the Leverage Ratio as of such date, based on Consolidated Adjusted EBITDA for the most recently ended period of four consecutive Fiscal Quarters of the Group for which internal financial statements are available and Consolidated Total Debt as of the applicable test date, shall be 3.00:1.00 or less.