WebIncurrence 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 evidenced by bonds, debentures, notes or other similar instruments, other than, in the case of each of clauses (a) and (b) above, Excluded Indebtedness. Sample 1 Webnoun 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 The first known …
Incurrence Definition & Meaning - Merriam-Webster
WebWhat is incurrence liability? Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. WebDefine Incurrence Covenant. A covenant by any borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower, including … high pitch cough in adult
Overhead incurred definition — AccountingTools
WebSep 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 ... 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. … WebThis 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 high pitch cough