Examples of Applicable Leverage Ratio in a sentence
Each change in the Applicable Base Rate Margin or Applicable Eurocurrency Margin or the Applicable Commitment Fee Percentage as a result of a change in the Applicable Leverage Ratio shall become effective on the date upon which such change in such ratio occurs.
Period Ratio Closing Date through 3/31/07 3.75 to 1.00 6/30/07 4.00 to 1.00 9/30/07 through 3/31/08 3.75 to 1.00 6/30/08 and thereafter 3.50 to 1.00 Notwithstanding the foregoing, if a Fox River OU3-5 Environmental Charges Event shall occur, then the Applicable Leverage Ratio (determined by the grid above) shall be increased by the amount specified in the table below based on the amount of the Fox River OU3-5 Related Debt on the date of such Fox River OU3-5 Environmental Charges Event.
The definitions of "Applicable Leverage Ratio", "Applicable Rate" and "Performance Period" are deleted from Section 1.01 of the Credit Agreement, and the phrase "(except as expressly provided in the definition of 'Applicable Leverage Ratio')" is deleted from clause (ii) of Section 10.02(b) of the Credit Agreement.
Advance Advance Applicable Applicable Leverage Ratio Margin Margin --------------------------------------------- ------------------ ------------- A.
LEVEL IV PRICING applies at any date if (i) the Applicable Leverage Ratio is greater than or equal to 0.30 and (ii) neither Level I Pricing, Level II Pricing nor Level III Pricing applies.