Incurrence means
WebJan 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 ... 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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WebDebt Incurrence has the meaning assigned to such term in Section 2.05 (c) (ii). Bank Debt means all indebtedness at any time owing by the Bank, to or for the credit or account of the Borrower and any claim of the Borrower (whether individual, joint and several or otherwise) against the Bank now or hereafter existing. 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, …
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 … 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.
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. … 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)
Web: to become liable or subject to : bring down upon oneself incur expenses Did you know? Incur vs. Occur Incur bears a strong family resemblance to another English verb, occur. If …
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 chrono trigger rom snes itaWebWhat's the definition of Incurrence in thesaurus? Most related words/phrases with sentence examples define Incurrence meaning and usage. ... Thesaurus for Incurrence. Related … chrono trigger pt brWeb1. incurrence. noun. the act of incurring (making yourself subject to something undesirable). dermatologists of southwest ohio - ketteringWebWebster 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); … chrono trigger rom psxWebincur definition: 1. to experience something, usually something unpleasant, as a result of actions you have taken…. Learn more. chrono trigger reproduction cartWebMay 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 … dermatologists of central states bataviaWebDec 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 … chrono trigger prismatic dress vs helms