Leverage definition
Examples of Leverage in a sentence
Notwithstanding anything contained in this Section 9.1(g) to the contrary, the foregoing requirements set forth in this Section 9.1(g) shall not apply with respect to any Minimum Hedging Requirement Date as of which, after giving effect to any Credit Event occurring on such date, both (i) the pro forma Consolidated Total Net Leverage Ratio as of such date is less than 0.50 to 1.00 and (ii) the Total Exposures as of such date is less than ten percent (10%).
Maintain at all times a Secured Debt Leverage Ratio of not greater than 40%.
Permit the Consolidated Funded Debt Leverage Ratio as of the last day of any Test Period to be greater than 3.75:1.00.
Maintain at all times a Leverage Ratio of not greater than 60%; provided, however, that the Leverage Ratio may be increased to 65% for the four consecutive fiscal quarters following the fiscal quarter in which a Material Acquisition occurs (the period during which any such increase in the Leverage Ratio shall be in effect being called a “Leverage Increase Period”).
The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of the Test Period ending on September 30, 2024 and as of the last day of each Test Period ending thereafter to be greater than 3.00 to 1.00.