Common use of Leverage Coverage Ratio Clause in Contracts

Leverage Coverage Ratio. The ratio of Total Funded Indebtedness divided by EBITDA, determined as at the end of each fiscal quarter for the preceding twelve month period, shall not exceed 1.25 to 1.00.

Leverage Coverage Ratio. The ratio of Total Funded Indebtedness divided by the Borrower’s EBITDA, determined as at the end of each fiscal quarter for the preceding twelve month periodquarter, shall not exceed 1.25 (i) for the period from March 31, 2004 to and including December 31, 2004, 5.00 to 1.00 and (ii) at all times on or after March 31, 2005, 4.00 to 1.00.