Corporate Leverage definition

Corporate Leverage means, at any time in respect of the Borrower's Group, the ratio of outstanding Total Liabilities divided by the Total Assets, the latter adjusted by the Agent for the difference between Fleet Market Value and Fleet Book Value;
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Corporate Leverage means, at the end of each Financial Quarter in respect of the Borrower’s Group, the ratio of outstanding Total Liabilities divided by the Total Assets;
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Corporate Leverage means, at any time in respect of the Borrower’s Group, the ratio of outstanding Total Liabilities divided by the Total Assets, the latter adjusted by the Agent for the difference between Fleet Market Value and Fleet Book Value Provided always that for any period during which the Borrower fails to maintain a ratio of EBITDA to interest payable on a trailing four (4) Financial Quarter basis of not less than 3.00 to 1.00 (determined in accordance with the definitions set out at clause 8.6 of the Principal Agreement) the Margin shall be 1.75% per annum from the commencement of the Relevant Period (as defined in clause 8.6) during which the Borrower failed to maintain the said ratio.
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Examples of Corporate Leverage in a sentence

  • Permit the Corporate Leverage Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending June 30, 2017 to be less than 3.50 to 1.00.

  • The Lenders and the Administrative Agent hereby waive any Default or Event of Default under clause (d) of Article VII of the Credit Agreement that has occurred as a result of the Borrowers’ non-compliance with the Corporate Leverage Ratio for the fiscal quarter ending December 31, 2003.

  • The Borrowers shall maintain at all times and tested as of the end of each fiscal quarter a Corporate Leverage Ratio of less than or equal to fifty-five percent (55%).

  • Permit the Corporate Leverage Ratio as of the end of any fiscal quarter of DTAG to be greater than 3.0 to 1.0.

  • The Lenders and the Administrative Agent hereby waive any Default or Event of Default under Article VII of the Credit Agreement that may have occurred prior to the date of this Amendment as a result of the Borrowers' non-compliance with the Corporate Leverage Ratio for the fiscal quarter ending March 31, 2003.

  • Maintain a Corporate Leverage Ratio not in excess of 10.0 to 1.0.