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Incurrence means

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 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); …

Incurrence Definition & Meaning YourDictionary

WebDefine 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 … Web1. incurrence. noun. the act of incurring (making yourself subject to something undesirable). shungite and bees https://treyjewell.com

Incurrence Definition & Meaning - Merria…

Webnoun The act of incurring. Webster's New World Similar definitions Advertisement Other Word Forms of Incurrence Noun Singular: incurrence Plural: incurrences Find Similar … WebIncur To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. West's Encyclopedia of American Law, edition 2. WebIncurrence Covenant means a covenant by the borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower including, but not limited to, a debt issuance, dividend payment, … shungite charm

Considerations in Using Incremental Facilities to Finance …

Category:Incurrence legal definition of incurrence

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Incurrence means

Debt Incurrence Test Definition Law Insider

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 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 means

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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. 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] …

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 … Webthe act of incurring, bringing on, or subjecting oneself to something. incurr ( ent) + - ence 1650–60. Forum discussions with the word (s) "incurrence" in the title: No titles with the …

Web1. incurrence - the act of incurring (making yourself subject to something undesirable) commitment - an engagement by contract involving financial obligation; "his business … WebDefinition: An incurred cost in accrual accounting is the moment in time when a resource or asset is consumed and an expense is recorded. In other words, it’s when a company uses an asset or becomes liable for the use of an asset in the production of a product. These assets cease to be a resource and are converted into an expense.

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. …

WebDefinition: 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. the outlaw jeep tour of sedonaWeba definition of satisfactory evidence, see M21-1, Part IV, Subpart ii, 2.B.3.e, and. satisfactory proof of combat-related disability, see ... provides that signed statements made by the Veteran during service about the onset or incurrence of disease which are against the claimant’s interest cannot be used if there is no other evidence ... shungite collierWeb1 a : agreement or union in action : cooperation b (1) : agreement in opinion or design (2) : consent obtained the written concurrence of the attorney general 2 : a coincidence of … shungite chakra healingWebMar 27, 2024 · incur (ɪnkɜːʳ ) verb If you incur something unpleasant, it happens to you because of something you have done. [written] Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers COBUILD Collocations incur liabilities accept liability criminal liability deny liability financial liability future liability incur liabilities the outlaw jesse walesWebJan 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 ... the outlaw johnny black full movie onlineWeb1. Noun, singular or mass. At the time of the expense incurrence, net income was reduced, while cash flow was not affected. shungite cell phone plateWebIncurrence 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 shungite coaster