Incurrence of debt
Web“Refinancing Amendment” means an amendment to this Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and the Lenders providing Refinancing Debt, effecting the incurrence of such Refinancing Debt in accordance with Section 2.14, including the Second Amendment. WebHomemade leverage is: A. the incurrence of debt by a corporation in order to pay dividends to shareholders. B. the exclusive use of debt to fund a corporate expansion project. C. the …
Incurrence of debt
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WebJun 20, 2024 · Net U.S. incurrence of direct investment liabilities increased $52.7 billion to $105.5 billion, primarily reflecting net U.S. incurrence of debt liabilities following net U.S. repayment in the fourth quarter. Financial derivatives. Transactions in financial derivatives other than reserves reflected first-quarter net borrowing of $21.4 billion.
Webincurrence noun in· cur· rence in-ˈkər-ən (t)s -ˈkə-rən (t)s : the act or process of incurring Word History First Known Use circa 1656, in the meaning defined above Time Traveler … WebIncurrence vs. Maintenance . High yield covenants are incurrence tests rather than maintenance tests. Un like a traditional credit agreement, which requires an issuer to meet quarterly maintenance covenants ( such as ... Debt” below, which is an indication of the issuer’s financial health. A word of caution before we move on: In high yield ...
WebHistorically, senior debt has come with strict maintenance covenants while incurrence covenants were more related to bonds. But over the past decade, however, leveraged loan facilities have increasingly become “covenant-lite” – meaning, senior debt lending packages comprise covenants that increasingly resemble bond covenants. WebSample 1. No Incurrence of Debt. Biomune shall not, and shall cause each other Biomune Affiliated Company not to, other than in the Ordinary Course of Business, incur any indebtedness for borrowed money or assume, guarantee, endorse or otherwise as an accommodation become responsible for the obligations of any other Person. Sample 1.
Web1. incurrence - the act of incurring (making yourself subject to something undesirable) commitment - an engagement by contract involving financial obligation; "his business …
Webpurposes of servicing such debt, or, in the absence of such rate, on the basis of a rate of exchange acceptable to the Bank. Section 4.03. (a) Except as the Bank shall otherwise agree, PNOC-EDC shall not incur any debt, if after the incurrence of such debt the ratio of debt to equity shall be greater than 70 to 30. (b) For the purposes of this ... high speed gear molle clipsWebIncur additional debt. Rather than having a hard dollar cap on the amount of additional debt a borrower can incur, many cov-lite loans allow an unlimited amount of debt above an … high speed gear molle triple taco shingleWebIncurrence of Indebtedness means the borrowing, issuance or other incurrence of (a) indebtedness for borrowed money or in respect of loans or advances or (b) indebtedness … how many days into easterWebNoun: 1. incurrence - the act of incurring (making yourself subject to something undesirable) how many days into september 4WebThe debt covenant is an incurrence test. Debt, once incurred, cannot violate the covenant, and so fluctuations in debt after its incurrence cannot violate the covenant. View Word Document. End of Document. Resource ID 2-386-4188 … how many days intil dec. 8WebApr 1, 2024 · The incremental debt permits companies to borrow an additional term loan or revolving credit facility (or increase the commitments applicable thereto) under the same credit agreement subject to certain … how many days into november 23WebFeb 25, 1998 · (iii) In addition to the foregoing limitations on the incurrence of Debt, the Company will not, and will not permit any Subsidiary to, incur any Debt if the ratio of Consolidated Income Available for Debt Service to the Annual Debt Service for the four consecutive fiscal quarters most recently ended prior to the date on which such additional … how many days into new years