What is the basic idea behind a basket of breeders? Unlike a Builder basket that represents an additional level of flexibility within a federal package, by providing an additional federal performance-based exemption, a basket of producers is really just adding a growth element based on a percentage of EBITDA or total assets, with a federal exception that is traditionally only a hard weight amount. Ultimately, availability under a basket of producers at any time must reflect the size of the business at that time and the increased demands of a larger business that accompanies it. Thus, as a construction basket, a basket of producers will increase over time with a better performance of the borrower group, namely a better position of EBITDA or a strengthened balance sheet. As a general rule, as noted above, the terms of the incremental and incremental debt and equivalent ratio have an important precision of submissions and guarantees, including the absence of default or default, and, in some sectors of the market, either pro forma compliance with the existing financial agreement (if any), or the execution of a specific leverage test that was verified at the time of the arrival of the debt. Limited terms and conditions allow a borrower to choose the signature date (also known as the “validity date”) of the acquisition contract (“audit date for acquisition contracts”) as the reference date for compliance with the required conditions. Therefore, if the borrower made such a choice, the combined conditions of access to incremental credit and the completion of an authorized acquisition (which perhaps included the accuracy of the insurance and guarantees, no payment events and levers) would be considered at the time of the execution of the takeover contract, only a non-payment or bankruptcy test at the close of the transaction , and the borrower with the opportunity to close the transaction, to include the financial ratios of the target entity (i.e. EBITDA) at the time of these tests. Although the average market has largely incorporated the limited conditions for protecting acquisitions, some lenders in transactions with lower SMEs continue to insist that the corresponding acquisition be completed within a specified period of time from the date of execution of the sales contract (normally no more than 180 days), or risk removing the restricted acquisition conditions.