Senior Leverage Ratio Sample Clauses
The Senior Leverage Ratio clause defines the maximum allowable ratio of a company's senior debt to a financial metric such as EBITDA. In practice, this clause sets a financial covenant that borrowers must comply with, often requiring them to maintain their senior leverage below a specified threshold throughout the term of a loan. By imposing this limit, the clause helps lenders manage credit risk by ensuring the borrower does not take on excessive senior debt, thereby protecting the lender’s position in the event of financial distress.
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Senior Leverage Ratio. The Senior Leverage Ratio during any period set forth below shall not exceed the ratio set forth below opposite such period: SENIOR PERIOD LEVERAGE RATIO ------ -------------- March 31, 2002-December 30, 2002 5.25:1.00 December 31, 2002-December 30, 2003 3.25:1.00 December 31, 2003 and thereafter 2.50:1.00
Senior Leverage Ratio. The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.
Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio as of the last day of any fiscal quarter ending on any date during any period set forth below to exceed the ratio set forth below opposite such period: PERIOD RATIO ------ ----- September 27, 1999 to and including September 30, 2000 4.25 to 1.00 October 1, 2000 to and including March 31, 2002 4.00 to 1.00 April 1, 2002 to and including March 31, 2003 3.75 to 1.00 April 1, 2003 to and including March 31, 2004 3.50 to 1.00 Thereafter 3.00 to 1.00
Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio to be greater than 2.25 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date.
Senior Leverage Ratio. (i) In the event that the Securitization Entities incur, repay, repurchase or redeem any Senior Notes subsequent to the commencement of the period for which the Senior Leverage Ratio is being calculated but prior to the event for which the calculation of the Senior Leverage Ratio is made, then the Senior Leverage Ratio shall be calculated giving pro forma effect to such incurrence, repayment, repurchase or redemption of Senior Notes, as if the same had occurred at the beginning of the applicable preceding four Quarterly Fiscal Periods (including in the case of any incurrence or issuance, a pro forma application of the net proceeds therefrom); provided that the Manager may elect pursuant to an Officer’s Certificate delivered to the Trustee (with respect to which the Trustee shall have no obligation of any nature whatsoever) to treat all or any portion of the commitment under any Senior Notes as being incurred at such time, in which case any subsequent incurrence of Senior Notes under such commitment shall not be deemed, for purposes of this calculation, to be an incurrence at such subsequent time.
(ii) For purposes of making the computation of the Senior Leverage Ratio (including, without limitation, the calculation of Net Cash Flow used therein), any pro forma event shall, at the discretion of the Manager, be calculated on a pro forma basis assuming that all such investments, acquisitions, dispositions, refranchising transactions, mergers, amalgamations, consolidations, discontinued operations, operational changes, business realignment projects or initiatives, restructurings and reorganizations (and the change in Net Cash Flow resulting therefrom) had occurred on the first day of such preceding four Quarterly Fiscal Periods. If since the beginning of such period any Person that subsequently became a Securitization Entity since the beginning of such preceding four Quarterly Fiscal Periods shall have made any investment, acquisition, disposition, refranchising transaction, merger, amalgamation, consolidation, discontinued operation, operational change, business realignment project or initiative, restructuring or reorganization, in each case with respect to an operating unit of a business, that would have required adjustment pursuant to this Section 14.17, then the Senior Leverage Ratio shall, at the discretion of the Manager, be calculated giving pro forma effect thereto for such period as if such investment, acquisition, disposition, refranchising transacti...
Senior Leverage Ratio. The Borrower shall not permit its Senior Leverage Ratio for the twelve month period ending on any date set forth below to be greater than the maximum ratio set forth in the table below opposite such date: March 31, 2006 3.50 to 1.00 June 30, 2006 3.50 to 1.00 September 30, 2006 3.50 to 1.00 December 31,2006 3.50 to 1.00 March 31, 2007 3.35 to 1.00 June 30, 2007 3.20 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December 31, 2008 2.25 to 1.00 March 31, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.00
Senior Leverage Ratio. Permit the Senior Leverage Ratio as of each fiscal quarter end to be more than 2.00 to 1.00.
Senior Leverage Ratio. The Senior Leverage Ratio, as of the end of each fiscal quarter, shall be less than or equal to:
(i) From the Effective Date to and including May 31, 1998, 3.25 to 1.0;
(ii) From June 1, 1998 to and including August 31, 1998, 3.0 to 1.0; and
(iii) From September 1, 1998 and thereafter, 2.50 to 1.0.
Senior Leverage Ratio. The Borrowers shall at all times maintain a Senior Leverage Ratio of less than 2.50 to 1.0 for the period equal to four (4) consecutive Fiscal Quarters then ending.
Senior Leverage Ratio. Holdings shall not permit the Senior Leverage Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending March 31, 2007, to exceed the correlative ratio indicated: March 31, 2007 3.75:1.00 June 30, 2007 3.75:1.00 September 30, 2007 3.50:1.00 December 31, 2007 3.50:1.00 March 31, 2008 3.25:1.00 June 30, 2008 3.00:1.00 September 30, 2008 2.75:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2.50:1.00 June 30, 2009 2.50:1.00 September 30, 2009 2.25:1.00 December 31, 2009 2.25:1.00 March 31, 2010 2.00:1.00 June 30, 2010 2.00:1.00 September 30, 2010 2.00:1.00 December 31, 2010 2.00:1.00 Thereafter 2.00:1.00