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provided that, during an Acquisition Adjustment Period, the Leverage Ratio shall not be greater than 3.50 to 1.00.", "samples": [{"hash": "cqJ7JjAdrYV", "uri": "/contracts/cqJ7JjAdrYV#leverage-ratio", "label": "Commitment Increase Agreement and Second Amendment (Hi-Crush Partners LP)", "score": 24.3675556183, "published": true}, {"hash": "hzw6UmWPvhK", "uri": "/contracts/hzw6UmWPvhK#leverage-ratio", "label": "Credit Agreement (Hi-Crush Partners LP)", "score": 23.8665294647, "published": true}, {"hash": "gMlPAW2hqQq", "uri": "/contracts/gMlPAW2hqQq#leverage-ratio", "label": "Credit Agreement (Hi-Crush Partners LP)", "score": 23.6036968231, "published": true}], "size": 51, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "commencing-with-the", "type": "clause", "offset": [76, 95]}, {"key": "fiscal-quarter-ending", "type": "clause", "offset": [96, 117]}, {"key": "provided-that", "type": "definition", "offset": [168, 181]}, {"key": "acquisition-adjustment-period", "type": "definition", "offset": [193, 222]}], "hash": "4b6fd06df8dfb265ec3736d29afb772d", "id": 9}, {"snippet": "The Borrower will not permit the ratio (the \u201cLeverage Ratio\u201d), determined as of the end of each of its fiscal quarters, of (i) Consolidated Funded Indebtedness of the Borrower as of the end of such fiscal quarter to (ii) Consolidated EBITDA for the then most-recently ended four fiscal quarters to be greater than 3.50 to 1.00.", "samples": [{"hash": "hTfQudIerPp", "uri": "/contracts/hTfQudIerPp#leverage-ratio", "label": "Credit Agreement (Chemed Corp)", "score": 29.470911026, "published": true}, {"hash": "32eribQrL0h", "uri": "/contracts/32eribQrL0h#leverage-ratio", "label": "Credit Agreement (Chemed Corp)", "score": 25.4982891083, "published": true}, {"hash": "dmnGa0jfv2P", "uri": "/contracts/dmnGa0jfv2P#leverage-ratio", "label": "Credit Agreement (Chemed Corp)", "score": 24.0581798553, "published": true}], "size": 48, "snippet_links": [{"key": "borrower-will", "type": "clause", "offset": [4, 17]}, {"key": "fiscal-quarters", "type": "definition", "offset": [103, 118]}, {"key": "indebtedness-of-the-borrower", "type": "definition", "offset": [147, 175]}, {"key": "consolidated-ebitda", "type": "definition", "offset": [221, 240]}], "hash": "7622cdda3548b57c955dc3857743866f", "id": 10}, {"snippet": "At any and all times, the Company will not permit the Leverage Ratio to exceed 0.65 to 1.00.", "samples": [{"hash": "94nkrDmrzh1", "uri": "/contracts/94nkrDmrzh1#leverage-ratio", "label": "364 Day Credit Agreement (Crane Co /De/)", "score": 31.2915802002, "published": true}, {"hash": "fF3YResp8iU", "uri": "/contracts/fF3YResp8iU#leverage-ratio", "label": "Revolving Credit Agreement (Crane Co /De/)", "score": 28.9698829651, "published": true}, {"hash": "9sWJKUqrhAN", "uri": "/contracts/9sWJKUqrhAN#leverage-ratio", "label": "364 Day Credit Agreement (Crane Co /De/)", "score": 28.9698829651, "published": true}], "size": 68, "snippet_links": [{"key": "all-times", "type": "definition", "offset": [11, 20]}, {"key": "the-company-will", "type": "clause", "offset": [22, 38]}], "hash": "5148a8990f876143cbc2ba98a009a3bc", "id": 7}, {"snippet": "Permit the Leverage Ratio to exceed 3.25:1.00 as of the last day of any Computation Period; provided that, the Borrower shall be permitted to allow the Leverage Ratio under this Section 7.1(b) to be increased to 3.75:1:00 (with such Leverage Ratio being calculated on a pro forma basis, including giving effect to any related incurrence, assumption or repayment of Indebtedness and any cash or Cash Equivalents acquired by the Borrower or any Subsidiary, in each case in connection with a Material Acquisition) at the end of and for the fiscal quarter during which a Material Acquisition shall have closed and at the end of and for each of the three consecutive fiscal quarters following the closing of such Material Acquisition (the period during which any such increase in the Leverage Ratio shall be in effect being called a \u201cLeverage Ratio Increase Period\u201d) by delivering a notice to the Administrative Agent within 30 days following the closing of such Material Acquisition (such notice, a \u201cLeverage Ratio Increase Election\u201d). The Borrower may terminate any Leverage Ratio Increase Period by a notice delivered to the Administrative Agent, whereupon, the Leverage Ratio Increase Period shall be deemed to be terminated on the last day of the fiscal quarter during which such notice is given and on the last day of such fiscal quarter and each fiscal quarter thereafter until another Leverage Ratio Increase Period has commenced as provided in this Section 7.1(b), the maximum Leverage Ratio shall be 3.25:1.00. If a Leverage Ratio Increase Election shall have been made under this Section 7.1(b), the Borrower may not make another Leverage Ratio Increase Election unless, following the termination or expiration of the most recent prior Leverage Ratio Increase Period, the Leverage Ratio as of the last day of at least two consecutive full fiscal quarters of the Borrower following such termination or expiration shall not have exceeded 2.75:1.00. Notwithstanding the foregoing, the Borrower shall not be permitted to make more than two Leverage Ratio Increase Elections during the term of this Agreement.", "samples": [{"hash": "hwBi9PwBeWH", "uri": "/contracts/hwBi9PwBeWH#leverage-ratio", "label": "Credit Agreement (Affiliated Managers Group, Inc.)", "score": 35.8720054626, "published": true}, {"hash": "cJElrYoEz1d", "uri": "/contracts/cJElrYoEz1d#leverage-ratio", "label": "Credit Agreement (Affiliated Managers Group, Inc.)", "score": 35.5845298767, "published": true}, {"hash": "jCbWDQCqtPO", "uri": "/contracts/jCbWDQCqtPO#leverage-ratio", "label": "Term Credit Agreement (Affiliated Managers Group, Inc.)", "score": 33.8870620728, "published": true}], "size": 64, "snippet_links": [{"key": "day-of", "type": "clause", "offset": [61, 67]}, {"key": "computation-period", "type": "definition", "offset": [72, 90]}, {"key": "provided-that", "type": "definition", "offset": [92, 105]}, {"key": "the-borrower-shall", "type": "clause", 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"2026-05-17T05:43:39+00:00", "also_ask": [], "drafting_tip": "Define the calculation method and components of the Leverage Ratio to avoid ambiguity; specify reporting frequency to ensure timely compliance monitoring; clarify consequences of breach to enhance enforceability.", "explanation": "The Leverage Ratio clause defines the required proportion between a company's debt and its equity, serving as a financial covenant in agreements such as loan contracts. Typically, it sets a maximum allowable ratio, requiring the borrower to maintain a certain level of equity relative to its total debt, and may require regular reporting to the lender. This clause helps lenders manage risk by ensuring the borrower does not become over-leveraged, thereby protecting the lender\u2019s interests and promoting the borrower\u2019s financial stability."}, "json": true, "cursor": ""}}