Extract to table

Incremental Equivalent Debt The W&G draft is silent on incremental equivalent debt, and this is a gap that must be addressed in the borrower's markup

This creates a meaningful incentive structure that aligns the interests of the Borrower and the lenders: the Borrower must generate sufficient cash flow to reduce leverage before accessing uncapped distribution capacity

The equity cure right should be subject to the following limitations: (a) no more than two cures may be exercised in any four consecutive fiscal quarters, (b) no more than five cures may be exercised during the life of the Facility, and (c) the cure amount must be limited to the minimum amount necessary to achieve compliance with the maintenance covenant (i

The cure contribution must be made in cash within ten business days following the date on which the applicable compliance certificate is required to be delivered

No Event of Default shall exist at the time of or immediately after giving pro forma effect to such acquisition

After giving pro forma effect to such acquisition (including any debt incurred or assumed in connection therewith), the Borrower shall be in compliance with a maximum first lien net leverage ratio of 4