Common use of Leverage Test Clause in Contracts

Leverage Test. Borrower shall not permit the Leverage Ratio (monitored and tested quarterly as of the last day of each fiscal quarter) to exceed sixty percent (60%) (the “Leverage Test”).

Leverage Test. Borrower shall not at any time permit the Leverage Ratio (monitored and tested quarterly as of the last day of each fiscal quarter) to exceed sixty seventy-five percent (6075%) (the “Leverage Test”).

Leverage Test. Borrower shall not at any time permit the Leverage Ratio (monitored and tested quarterly as of the last day of each fiscal quarter) to exceed sixty sixty-five percent (6065%) (the “Leverage Test”).”