Leverage Adjustment definition

Leverage Adjustment means (a) as of any date commencing with the Leverage Adjustment Date for the fiscal quarter ending September 30, 2020 through and including the Leverage Adjustment Date for the fiscal quarter ending June 30, 2021 that the Total Leverage Ratio as of the most recent fiscal quarter-end Calculation Date for which a Leverage Adjustment Date has occurred on or prior to such date is equal to or greater than 60.0%, fifty (50) basis points per annum (it being understood that the applicability of any Leverage Adjustment will be determined anew on each Leverage Adjustment Date within such period); and (b) for all other dates during the term of this Agreement (including, for avoidance of doubt, any date after the Leverage Adjustment Date for the fiscal quarter ending June 30, 2021 (expected to be on or around mid-August 2021)), zero (0) basis points per annum.”
Leverage Adjustment means (a) as of any date through and including the Leverage Adjustment Date for the fiscal quarter ending June 30, 2021 that the Total Leverage Ratio as of the most recent fiscal quarter-end Calculation Date for which a Leverage Adjustment Date has occurred on or prior to such date is equal to or greater than 60.0%, fifty (50) basis points per annum (it being understood that the applicability of any Leverage Adjustment will be determined anew on each Leverage Adjustment Date within such period); and (b) for all other dates during the term of this Agreement (including, for avoidance of doubt, any date after the Leverage Adjustment Date for the fiscal quarter ending June 30, 2021 (expected to be on or around mid-August 2021)), zero (0) basis points per annum.
Leverage Adjustment means (a) as of any date commencing with the Leverage Adjustment Date for the fiscal quarter ending September 30, 2020 through and including the Leverage Adjustment Date for the fiscal quarter ending June 30, 2021 that the Total Leverage Ratio as of the most recent fiscal quarter-end Calculation Date for which a Leverage Adjustment Date has occurred on or prior to such date is equal to or greater than 60.0%, fifty

Examples of Leverage Adjustment in a sentence

  • MMP shall not permit the ratio of Consolidated Funded Indebtedness to Adjusted Consolidated EBITDA, as of the last day of any fiscal quarter, to exceed 4.00 to 1.00 (or, as of any such date for which a Leverage Adjustment Period is in effect, 4.50 to 1.00).


More Definitions of Leverage Adjustment

Leverage Adjustment means (a) as of any date commencing with the Leverage Adjustment Date for the fiscal quarter ending September 30, 2020 through and including the Leverage Adjustment Date for the fiscal quarter ending June 30, 2021 that the Total Leverage Ratio as of the most recent fiscal quarter-end Calculation Date for which a Leverage Adjustment Date has occurred on or prior to such date is equal to or greater than 60.0%, fifty (50) basis points per annum (it being understood that the applicability of any Leverage Adjustment will be determined anew on each Leverage Adjustment Date within such period); and (b) for all other dates during the term of this Agreement (including, for avoidance of doubt, any date after the Leverage Adjustment Date for the fiscal quarter ending June 30, 2021 (expected to be on or around mid-August 2021)), zero (0) basis points per annum.

Related to Leverage Adjustment

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Lot line adjustment means the relocation of the property boundary line in a

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Adjustment ratio means the value of index A divided by index

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

  • Pro Forma Disposal Adjustment means, for any Test Period that includes all or a portion of a fiscal quarter included in any Post-Transaction Period with respect to any Sold Entity or Business, the pro forma increase or decrease in Consolidated EBITDA projected by the Borrower in good faith as a result of contractual arrangements between the Borrower or any Restricted Subsidiary entered into with such Sold Entity or Business at the time of its disposal or within the Post-Transaction Period and which represent an increase or decrease in Consolidated EBITDA which is incremental to the Disposed EBITDA of such Sold Entity or Business for the most recent Test Period prior to its disposal.

  • Portfolio Adjusted Yield means, with respect to any Monthly Period, the average of the percentages obtained for each of the three preceding Monthly Periods by subtracting the Base Rate for such Monthly Period from the Portfolio Yield for such Monthly Period.

  • Capitalization Rate means 7.00%.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Adjusted Leverage Ratio means, as of any date, the ratio of (a) Consolidated Total Funded Debt outstanding as of such date minus any Unrestricted Cash over $3,000,000 to (b) EBITDA for the period of four consecutive fiscal quarters ending on such date.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Adjusted Net Mortgage Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Rate less the Expense Fee Rate.

  • Fully Diluted Weighted Average Basis means, when calculating the number of Outstanding Units for any period, a basis that includes (a) the weighted average number of Outstanding Units during such period plus (b) all Partnership Interests and Derivative Partnership Interests (i) that are convertible into or exercisable or exchangeable for Units or for which Units are issuable, in each case that are senior to or pari passu with the Subordinated Units, (ii) whose conversion, exercise or exchange price, if any, is less than the Current Market Price on the date of such calculation, (iii) that may be converted into or exercised or exchanged for such Units prior to or during the Quarter immediately following the end of the period for which the calculation is being made without the satisfaction of any contingency beyond the control of the holder other than the payment of consideration and the compliance with administrative mechanics applicable to such conversion, exercise or exchange and (iv) that were not converted into or exercised or exchanged for such Units during the period for which the calculation is being made; provided, however, that for purposes of determining the number of Outstanding Units on a Fully Diluted Weighted Average Basis when calculating whether the Subordination Period has ended or Subordinated Units are entitled to convert into Common Units pursuant to Section 5.7, such Partnership Interests and Derivative Partnership Interests shall be deemed to have been Outstanding Units only for the four Quarters that comprise the last four Quarters of the measurement period; provided, further, that if consideration will be paid to any Group Member in connection with such conversion, exercise or exchange, the number of Units to be included in such calculation shall be that number equal to the difference between (x) the number of Units issuable upon such conversion, exercise or exchange and (y) the number of Units that such consideration would purchase at the Current Market Price.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Adjusted Consolidated EBITDA means, for any Computation Period, Consolidated EBITDA for such Computation Period adjusted by giving effect on a pro forma basis to Acquisitions and dispositions completed during such Computation Period.

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.

  • Adjusted Value as used in subdivision (d) means:

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Adjusted Dilution Ratio means, at any time, the rolling average of the Dilution Ratio for the 12 Calculation Periods then most recently ended.