Leverage Covenant. The Borrower will not, and will not permit any of its Subsidiaries to, permit the ratio of (i) Consolidated Total Debt as of the last day of any fiscal quarter, or as of the date of any Credit Event (after giving effect thereto), to (ii) Consolidated EBITDA for the last four fiscal quarters ending on or before such date to be greater than 2.25:1.
Leverage Covenant. The Borrower will not, and will not permit any of its Subsidiaries to, permit the ratio of Consolidated Total Debt to Consolidated EBITDA at any time to be greater than 2.5.
Leverage Covenant. As of the last day of each fiscal quarter of the Borrower (beginning with the fiscal quarter ending September 30, 2007), the Leverage Ratio shall be less than or equal to the then applicable Permitted Leverage Ratio (the “Leverage Covenant”).
Leverage Covenant. At all times on and after the Restructuring Dateif any Revolving Loans are outstandingDate, the Borrower will not permit the Leverage Ratio as of the last day of any fiscal quarter of the Borrower, the Borrower will not permit the Leverage Ratio as of such day to exceed 4.5 to 1.0.
Leverage Covenant. The Borrowers shall not permit the Debt to Tangible Assets Ratio of the Borrowers to be greater than the following ratios as of the following points in time: Period Ratio At any time after October 31, 1996 1.25 through and including May 31, 1998 At any time after June 1, 1998 1.20
Leverage Covenant. At all times during the term of this Lease, the ratio of Tenant’s total liabilities (minus deferred gain on sale of communities) to Tenant’s total assets, in each case determined in conformity with generally accepted accounting principles, consistently applied, shall not be equal to or greater than 1.6 to 1. 1 As adjusted annually for increases in the CPI since the commencement of the tenth (10th) Lease Year.
Leverage Covenant. In accordance with Section 23.1 of the Loan Agreement, the Leverage Covenant set forth in Section 10.14 of the Loan Agreement is hereby amended by deleting the portion of Exhibit 1.1A labeled “Total Debt/Consolidated EBITDA Ratio” in its entirety and replacing it with the language included in Annex H attached hereto.
Leverage Covenant. Following the Effective Date, none of Parent, the General Partner or any of their respective Affiliates or Subsidiaries will cause the Partnership or any of its Subsidiaries to, and the Partnership and its Subsidiaries will not, incur any Indebtedness secured by any of the Restricted Properties if, immediately after giving effect to the incurrence of such additional Indebtedness and the application of the proceeds therefrom, the ratio of (i) the aggregate principal amount of all outstanding Indebtedness of the Partnership secured by the applicable Restricted Properties to (ii) the fair market value of all Restricted Properties as determined in good faith by the General Partner, exceeds 50%; provided that, as of the Effective Date, the fair market value of all Restricted Property shall be as set forth on Schedule 7.12.B and thereafter shall be adjusted in the good faith determination of the General Partner. Any computation pursuant to this Section 7.12.C shall be made without duplication of Freehold Raceway Mall.
Leverage Covenant. At all times during the term of the Loan, the leverage position of Guarantor shall not exceed a Maximum Debt to Tangible Net Worth ratio of 2.5:1.
Leverage Covenant. The Borrower shall not at any time permit outstanding principal balance of Senior Subordinated Indebtedness to exceed 40% of the sum of Net Worth of the Borrower plus the sum of Junior Subordinated Indebtedness and Senior Subordinated Indebtedness.
