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Contract analysis / credit-agreement-redline-v1-to-wgp.docx
credit-agreement-redline-v1-to-wgp.docx
1021-00001 · 8 clauses
High · 0 Medium · 1 Standard · 2
ARTICLE I — DEFINITIONS AND ACCOUNTING TERMS
ARTICLE I — DEFINITIONS AND ACCOUNTING TERMS
Section 1.01 — Defined Terms Medium
⚑ Notice / time limit to track
Section 1.01 — Defined Terms As used in this Agreement, the following terms shall have the meanings set forth below: "Adjusted EBITDA" means, for any period, Consolidated Net Income for such period plus (a) the following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Expense for such period, (ii) income tax expense for such period, (iii) depreciation and amortization exp
Section 1.02 — Other Interpretive Provisions
Section 1.02 — Other Interpretive Provisions With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: (a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine, and neuter forms. The words "include
Section 1.03 — Accounting Terms Standard
⚑ Commercial term
Section 1.03 — Accounting Terms (a) All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP as in effect from time to time, applied in a manner consistent with that used in preparing the aud
Section 1.04 — Rounding
Section 1.04 — Rounding Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein, and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). All financ
Section 1.05 — Times of Day
Section 1.05 — Times of Day Unless otherwise specified, all references herein to times of day shall be references to New York City time (Eastern Time).
Section 1.06 — Letter of Credit Amounts Standard
⚑ Commercial term
Section 1.06 — Letter of Credit Amounts [Reserved.]
Section 1.07 — SOFR Matters
Section 1.07 — SOFR Matters (a) The Administrative Agent does not warrant, nor accept responsibility for, nor shall the Administrative Agent have any liability with respect to, (i) the continuation of, administration of, submission of, calculation of, or any other matter related to the Benchmark, any component definition thereof, or rates referenced in the definition thereof, or any alternative, successor, or replace