| Financial Covenant Standstill · Financial Maintenance | Breach of Section 6.15(a) (revolving covenant) does not constitute an Event of Default with respect to Term Loans unless and until Required Revolving Lenders have accelerated the Revolving Loans and terminated commitments; breach of Section 6.15(b) (Second Incremental covenant) does not constitute an Event of Default for the Revolving Facility or other Term Loans unless Required Second Incremental Term Lenders have accelerated | | source ↗ |
| Incremental Facility Capacity - Ratio-Based Basket · Incurrence | Unlimited incremental capacity if (i) secured indebtedness: Secured Leverage Ratio ≤ 4.25:1.00 on Pro Forma Basis; (ii) unsecured indebtedness: Total Leverage Ratio ≤ 5.25:1.00 or Interest Coverage Ratio ≥ 2.00:1.00 | loose 4.25x vs basket median 4x (n=54) | source ↗ |
| Investment General Basket · Investment | Investments up to the greater of $495,500,000 and 50% of Consolidated Adjusted EBITDA (plus Shared RP Amount, plus reinvestment credit) | loose 50% vs basket median 20% (n=122) | source ↗ |
| Indebtedness - General Unsecured Basket · Indebtedness | Indebtedness up to the greater of $595,000,000 and 60% of Consolidated Adjusted EBITDA | loose 60% vs basket median 20% (n=122) | source ↗ |
| Restricted Debt Payments - General Basket · Restricted Payment | Additional Restricted Debt Payments up to the greater of $248,000,000 and 25% of Consolidated Adjusted EBITDA plus the Shared RP Amount | market 25% vs basket median 20% (n=122) | source ↗ |
| Restricted Payments - General Basket · Restricted Payment | Additional Restricted Payments up to the greater of $297,300,000 and 30% of Consolidated Adjusted EBITDA (minus any Shared RP Amount utilization) | market 30% vs basket median 20% (n=122) | source ↗ |
| Restricted Payments - Ratio-Based Basket · Restricted Payment | Unlimited Restricted Payments so long as Total Leverage Ratio ≤ 4.00:1.00 on Pro Forma Basis | market 4x vs basket median 4x (n=54) | source ↗ |
| Investment Ratio-Based Basket · Investment | Unlimited Investments so long as Total Leverage Ratio ≤ 4.50:1.00 on Pro Forma Basis | loose 4.5x vs basket median 4x (n=54) | source ↗ |
