Examples of Maximum Leverage Ratio in a sentence
The Revolving Credit Facility allows for a Maximum Leverage Ratio of 3.50 and a Minimum Interest Coverage Ratio of 2.50, subject to certain conditions defined in the financing agreement.
Fixed Charge Coverage ratio is defined as the ratio of (a) consolidated EBITDA less capital expenditures to (b) the sum of debt service payments, interest expense, current income taxes paid, cash dividends and distributions paid, management, consulting, monitoring, and advisory fees, cash earn-outs paid, and capital expenditures; and o Maximum Leverage Ratio of 4.00 : 1:00 starting in Q3 2016 and gradually decreasing to 1.50 : 1.00 in Q4 2020.
For purposes of determining compliance with the leverage ratio covenant, the Maximum Leverage Ratio (as defined) for the quarterly computation dates for the remainder of the term of the Credit Facility was redefined.
Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower to exceed the Maximum Leverage Ratio.
The significant covenant for the above financing arrangement are below: • Consolidated Minimum Liquidity of USD 200,000• Maximum Leverage Ratio of 70% on year 1 and 60% on year 2 The above borrowings are secured by the mortgage of vessels one chemical tanker and one well stimulation vessel with a net book value of AED 111,814 thousand.