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. WebSynonyms for INCURRED: contracted, pursued, caught, accepted, sought, welcomed, courted, embraced; Antonyms of INCURRED: avoided, escaped, evaded, shook, shunned ...
What does incurrence mean? definition, meaning and …
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] … WebFeb 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. iphone 5s repair home button cost
Incurrence Definition & Meaning Dictionary.com
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) Web1. incurrence - the act of incurring (making yourself subject to something undesirable) commitment - an engagement by contract involving financial obligation; "his business … iphone 5s rogers toronto gta