| Judgment Default · Event of Default | Unsatisfied, unstayed judgments of at least $250,000,000 remaining for 20 Business Days | loose $250m vs event of default median $125m (n=62) | source ↗ |
| No Subordinated Debt Payments · Negative Covenant | No payments in respect of Subordinated Debt in contravention of subordination provisions unless no Event of Default exists | | source ↗ |
| Cross-Default · Event of Default | Event of default in any agreement resulting in right to accelerate Indebtedness in excess of $250,000,000 | loose $250m vs event of default median $125m (n=62) | source ↗ |
| Maximum Total Net Leverage Ratio · Financial Maintenance | 4.00x Total Net Leverage Ratio (Consolidated Total Debt net of up to $500M cash / Consolidated EBITDA for trailing four quarters) | market 4x vs leverage median 4x (n=99) | source ↗ |
| Dispositions Limitation · Negative Covenant | Fair market value of all Transfers shall not exceed 25% of Consolidated EBITDA in aggregate during the term of the Agreement | market 25% vs negative covenant median 20% (n=79) | source ↗ |
