Common use of Maintenance of Leverage Ratio Clause in Contracts

Maintenance of Leverage Ratio. The Borrower shall not permit the Leverage Ratio to be greater than sixty percent (60%) (as determined as of the last day of each fiscal quarter).

Appears in 9 contracts

Samples: Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.)

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Maintenance of Leverage Ratio. The Borrower shall not permit the Leverage Ratio to be greater than sixty sixty-seven and one-half percent (6067.5%) (as determined as of the last day of each fiscal quarter).

Appears in 2 contracts

Samples: Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.)

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Maintenance of Leverage Ratio. The Borrower shall not permit the Leverage Ratio to be greater than sixty percent (60%) (as determined as of the last day of each fiscal quarter) of the Borrower to be greater than sixty percent (60%).

Appears in 2 contracts

Samples: Credit Agreement (Smith Douglas Homes Corp.), Credit Agreement (Smith Douglas Homes Corp.)

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