Combined Leverage Ratio. The Obligors will not permit the Combined Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Obligors to be greater than the Maximum Combined Leverage Ratio; provided, that Oaktree Cayman will not be considered an Obligor for purposes of the calculation of the Combined Leverage Ratio until March 31, 2023.
Appears in 8 contracts
Samples: Note Purchase Agreement (Brookfield Oaktree Holdings, LLC), Note Purchase Agreement (Brookfield Oaktree Holdings, LLC), Note Purchase Agreement (Brookfield Oaktree Holdings, LLC)
Combined Leverage Ratio. The Obligors will not permit the Combined Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Obligors to be greater than the Maximum Combined Leverage Ratio4.00 to 1.00; provided, that Oaktree Cayman will not be considered an Obligor for purposes of the calculation of the Combined Leverage Ratio until March 31, 2023.
Appears in 4 contracts
Samples: Note Purchase Agreement (Brookfield Oaktree Holdings, LLC), Note Purchase Agreement (Brookfield Oaktree Holdings, LLC), Note Purchase Agreement (Oaktree Capital Group, LLC)
