Incurrence of indebtedness
Webthe indebtedness incurred after the acquisition of such property if such indebtedness would not have been incurred but for such acquisition and the incurrence of such indebtedness was reasonably foreseeable at the time of such acquisition, and (IV) the extension, renewal, or refinancing of an acquisition indebtedness. WebCompany B has an incurrence covenant that ties verification of indebtedness to the firm’s engagement in restricted actions, such as distributions to equity holders, capital expenditures, or acquisitions.
Incurrence of indebtedness
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WebThe indebtedness is acquisition indebtedness since such indebtedness, though incurred subsequent to the improvement of the office building, would not have been incurred but … WebSep 9, 2024 · The collateral coverage ratio would be an incurrence test that requires the borrower to show the value of collateral (either book value or fair market value as determined in good faith) is at a pre-agreed multiple of total debt or first lien debt at the time a basket is used or other transaction is consummated.
WebDec 5, 2024 · (a) No A county, city, town, township, board of education, or school district, shall not incur any indebtedness or liability in any manner or for any purpose exceeding in any year the income and revenue provided for such that year, without the assent of two-thirds of the voters of the public entity voting at an election to be held for that … WebJun 30, 2024 · Debt limitation is a bond covenant that seeks to protect current lenders by restricting the amount of additional debt that the issuer might incur. Debt limitations utlilize leverage ratios, such...
WebCompany Overview. OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage ... Web(a) all indebtedness of such Person for borrowed money or for the deferred purchase price of assets or services or which is evidenced by a note, debenture or similar instrument, to the extent it would appear as a liability upon a balance sheet of such Person prepared in …
WebTo 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 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 … certificates gov.ukWebAug 29, 2024 · Incurrence of a Financial Obligation. A financial obligation generally should be considered to be incurred when it is enforceable against an issuer or obligated person. buy tickets lion king broadwaybuy tickets lirrWebExamples of Incurrence of Indebtedness in a sentence Section 4.09 Incurrence of Indebtedness and Issuance of Preferred Stock. The Indenture imposes certain limitations … certificates georgetown universityWebThe Company considers the items in shareholders' equity as capital and manages the capital structure by issuing treasury shares, the potential sale of assets, the incurrence of debt or … certificates from cacWebIncurrence of Indebtedness. Incur any indebtedness for borrowed money or issue any debt securities or assume, guarantee or endorse, or otherwise become responsible for the … buy tickets londonWeb"incurrence" in a sentence "incurrence" (1) Results The incurrenceof decubital ulcer in hospital was eliminated. (2) Results The incurrenceof decubital ulcer in hospital was eliminated. (3) Again, any incurrenceof indebtedness by Liverpool Football Club needs full Board approval. buy tickets lunch with zoo keeper