Leverage Multiple means, with respect to any Collateral Obligation for the most recent relevant period of time for which the Borrower has received the financial statements of the relevant Obligor, the ratio of (i) Indebtedness of the relevant Obligor (other than Indebtedness of such Obligor that is junior in terms of payment or lien subordination (including unsecured Indebtedness) to Indebtedness of such Obligor held by the Borrower) less unrestricted cash of the relevant Obligor to (ii) EBITDA of such Obligor.
Leverage Multiple means, with respect to any Collateral Obligation for the most recent relevant period of time for which the Borrower has received the financial statements of the relevant Obligor, the ratio of (i) Indebtedness of the relevant Obligor (other than Indebtedness of such Obligor that is junior in terms of payment or lien subordination (including unsecured Indebtedness) to Indebtedness of such Obligor held by the Borrower) less unrestricted cash of the relevant Obligor to (ii) EBITDA of such Obligor (as such calculation may be updated in connection with a modification of such Collateral Obligation described in clause (j) of the definition of “Material Modification”).
Leverage Multiple means, as of any date, the ratio of (A) the Row Advance Rate in effect on such date over (B) 1 minus the Row Advance Rate in effect on such date.
Examples of Leverage Multiple in a sentence
The Credit Facilities, as amended, are comprised of (i) the Revolving Credit Facility in the amount of$50,000 and (ii) an approximately $100,000 Term Credit Facility, both bearing interest in accordance with the Trailing Leverage Multiple and maturing on September 6, 2022.
Leverage Multiple Sources of FundingThe third lesson is to leverage public funding and to use it effectively.
Intermediate Holdings will not permit the Total Leverage Ratio, as of the last day of each fiscal quarter ending after the Effective Date, to exceed the then applicable Total Leverage Multiple.
Intermediate Holdings will not permit the Senior Leverage Ratio, as of the last day of each fiscal quarter ending after the Effective Date, to exceed the then applicable Senior Leverage Multiple.
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More Definitions of Leverage Multiple
Leverage Multiple means, with respect to any Collateral Obligation for the most recent relevant period of time for which the applicable Loan Party has received the financial statements of the relevant Obligor, the ratio of (i) Indebtedness of the relevant Obligor (other than Indebtedness of such Obligor that is junior in terms of payment or lien subordination (including unsecured Indebtedness) to Indebtedness of such Obligor held by the Borrower) less unrestricted cash of the relevant Obligor to (ii) EBITDA of such Obligor as calculated by the Servicer in accordance with the Servicing Standard using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant Obligor as per the requirements of the related Underlying Instruments.
Leverage Multiple means 2.0.
Leverage Multiple means, with respect to any Collateral Obligation for the most recent relevant period of time for which the Borrower has received the financial statements of the relevant Obligor, the ratio of (i) Indebtedness of the relevant Obligor (other than Indebtedness of such Obligor that is junior in terms of payment or lien subordination (including unsecured Indebtedness) to Indebtedness of such Obligor held by the Borrower) less unrestricted cash and cash equivalents of the relevant Obligor to (ii) EBITDA of such Obligor.
Leverage Multiple means, as of any date of determination in any Fiscal Quarter indicated below, the correlative number indicated below: Fiscal Quarter Leverage Multiple December 31, 2015 5.25:1.00 March 31, 2016 5.25:1.00 June 30, 2016 5.25:1.00 September 30, 2016 5.25:1.00 December 31, 2016 5.25:1.00 March 31, 2017 5.00:1.00 June 30, 2017 4.75:1.00 September 30, 2017 4.50:1.00 December 31, 2017 4.50:1.00 March 31, 2018 4.50:1.00 June 30, 2018 4.25:1.00 September 30, 2018 4.25:1.00 December 31, 2018 4.00:1.00 March 31, 2019 4.00:1.00 June 30, 2019 3.75:1.00 September 30, 2019 3.75:1.00 December 31, 2019 3.75:1.00 March 31, 2020 3.75:1.00 June 30, 2020 3.25:1.00 September 30, 2020 3.25:1.00 December 31, 2020 and each Fiscal Quarter ending thereafter 3.25:1.00
Leverage Multiple means (i) 2.5 for any day during the period beginning on March 31, 2010 and ending on December 31, 2010, (ii) 2.25 for any day during the period beginning on January 1, 2011 and ending on June 30, 2011, and (iii) 2.0 for any day on and after July 1, 2011.
Leverage Multiple means, as of any date, the ratio of (A) the Row Advance Rate in effect on such date over (B) 1 minus the Row Advance
Leverage Multiple has the meaning set forth in the Articles of Incorporation, as of the date hereof.