Incurrence means
Weboccurrence noun [C/U] (HAPPENING) an event, esp. one that happens unexpectedly: [ C ] Break-ins are an everyday occurrence in this neighborhood. occurrence noun [C/U] … 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 …
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 … 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.
WebJan 20, 2024 · Despite the prevalence of incurrence covenants in high-yield debt, there is little empirical evidence showing how they affect borrowers. In a new study , we show that “latent” violations of incurrence financial covenants in the leveraged loan market – that is, a trigger of restricted actions in the loan contact – have sizable effects ... WebIncurrence Tests means the Incurrence Test and the Dividend Incurrence Test or one of these tests as the context permits. Sample 1 Sample 2 Based on 2 documents Incurrence Tests means the Debt Incurrence Test and the Dividend Incurrence Test. "Initial Nominal Amount" has the meaning set forth in Clause 2 (c). Sample 1 Based on 1 documents
Web1. : the simultaneous occurrence of events or circumstances. 2. : an agreement in judgment. specifically : a judge's or justice's separate opinion that differs in reasoning but agrees in … WebWebster Dictionary Rate this definition: 0.0 / 0 votes Incurrence noun the act of incurring, bringing on, or subjecting one's self to (something troublesome or burdensome); …
Webnoun. 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. …
Web• INCURRENCE (noun) Sense 1. Meaning: The act of incurring (making yourself subject to something undesirable) Classified under: Nouns denoting acts or actions. Hypernyms … dialysis irelandWebSep 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 ... cipralex used forWebDefine Debt Incurrence Test. means, with respect to any incurrence of Indebtedness or other transaction, a Leverage Ratio of less than or equal to 7.00 to 1.00, calculated for the most … dialysis is a death sentenceWebDefinition: 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. dialysis ipswichWebThis means the occurrence of an event of default in the ABL ... if the borrower meets an incurrence test after giving effect to the incurrence of the new debt. Often the incurrence test is a maximum leverage or net leverage ratio or a minimum interest coverage ratio. Additionally, in most cov-lite transactions, if a cip ranchi m phil admission 2023dialysis in water treatmentWebDebt 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. dialysis is an example of osmosis