Combined Leverage Clause Samples

Combined Leverage maintain a combined ratio of total liabilities to tangible net worth of not more than 4.5 to 1 for any fiscal quarter;
Combined Leverage maintain a combined ratio of total liabilities to tangible net worth of not more than (i) 5.25 to 1 for any fiscal quarter ending through September 30, 1995 and (ii) 4.5 to 1 for any fiscal quarter ending thereafter;