Leverage Index definition

Leverage Index means the ration between the Company’s Net Debt and the Consolidated EBITDA determined with respect to the twelve (12) month-period prior to the date of determination;
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Leverage Index means, at the end of last fiscal quarter, the ratio of: (i) Total Bank Debt to last day of such Fiscal Quarter of (ii) the Consolidated EBITDA of the Borrower and its Consolidated Subsidiaries determined for Period corresponding measurement.
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Leverage Index means, at any date of determination, the ratio of
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Examples of Leverage Index in a sentence

  • Maintain on any date a Leverage Index not greater than the Applicable Leverage Ratio as of such date.

  • The Borrower shall not permit its Leverage Index for any Measurement Period is greater than 3.50 (three point fifty) to 1.00 (one point zero zero).

  • Innova shall pay dividend either in cash or in species without previous authorization by Bank, as long as the Consolidated Leverage Index does not exceed 4.0:1 (four point zero to one).

  • The Borrower shall not make, and will not permit its subsidiaries to conduct, directly or indirectly, any Restricted Payment or assume obligation to do so (contingent or otherwise), unless (i) the Borrower Leverage Index, a after giving effect to the restricted Payment and, without duplication, any restricted Payment made after the end of the first Fiscal Quarter latest is less of 3.50 (three point fifty) to 1.00 and (ii) has not occurred and continue, a Default or event of Default.

  • Borrower shall not permit the Consolidated Leverage Index to at any time exceed 4.0:1 (four point zero to one).