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Incurrence means

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. …

Incurrence Covenant Definition: 189 Samples Law Insider

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. WebDec 21, 2024 · Incurred is an accounting term that means that all transactions, regardless of their nature, must be recorded when they occur. It means that an accountant must … church in san juan pr https://thehardengang.net

Incurrence definition and meaning Collins English Dictionary

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 … WebUnlike maintenance covenants where testing is scheduled in advance to ensure compliance with specified credit ratios, incurrence covenants are tests that occur only when specific actions are taken such as: Mergers and Acquisitions (M&A) New Debt Issuances Dividends Payouts Sale of Assets (Divestitures) 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 devyn smith arbor

Incurrence Definition & Meaning Dictionary.com

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Incurrence means

Overhead incurred definition — AccountingTools

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); … WebJun 3, 2024 · Unilateral Contract: Definition, How It Works, and Types A unilateral contract is a one-sided contract agreement in which an offeror promises to pay only after the …

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. Web1. incurrence. noun. the act of incurring (making yourself subject to something undesirable).

WebIncur definition, to come into or acquire (some consequence, usually undesirable or injurious): to incur a huge number of debts. See more. 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 …

WebThe meaning of INCURRENCE is the act or process of incurring. 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 …

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

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. church in santa ana caWebIncur. 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 … devyn taylor born and playwrightWebFeb 18, 2024 · Overhead incurred is the indirect costs that an entity actually experiences during a reporting period. These costs are accumulated in an overhead cost pool. Overhead absorbed is the amount of overhead allocated to products and services. Overhead incurred does not necessarily match the amount of overhead absorbed. church in san pedroWeb1. Noun, singular or mass. At the time of the expense incurrence, net income was reduced, while cash flow was not affected. devyntownWebSynonyms for INCURRED: contracted, pursued, caught, accepted, sought, welcomed, courted, embraced; Antonyms of INCURRED: avoided, escaped, evaded, shook, shunned ... church in santa fe nmWebMay 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 … devyn towery weddingWebDefinition: 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. devyn tropeano