Common use of Senior Secured Leverage Ratio Clause in Contracts

Senior Secured Leverage Ratio. As of the end of each fiscal quarter, the Borrower shall not permit the ratio of (i) Senior Secured Debt on such calculation date to (ii) Adjusted EBITDA, as of the last day of such fiscal quarter, to be greater than 3.00 to 1.00.

Appears in 9 contracts

Samples: Term Loan Agreement (American Tower Corp /Ma/), Term Loan Agreement (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/)

Senior Secured Leverage Ratio. As of the end of each fiscal quarter, the Borrower Company shall not permit the ratio of (i) Senior Secured Debt on such calculation date to (ii) Adjusted EBITDA, as of the last day of such fiscal quarter, to be greater than 3.00 to 1.00.

Appears in 6 contracts

Samples: Assignment and Assumption (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/), Credit Agreement (American Tower Corp /Ma/)