Leverage Multiplier definition
Examples of Leverage Multiplier in a sentence
Borrower will not suffer or permit the Companies' Funded Indebtedness at any time to exceed an amount equal to the Leverage Multiplier (as hereinafter defined) times the Companies' EBITDA for the four consecutive fiscal quarters most recently ended, all as determined on a consolidated basis.
Any decrease of the Leverage Multiplier provided for in this Section 9.2 shall be effective as of the Coverage Test Failure Quarter as provided in Section 9.2(b), and the Leverage Multiplier (as so decreased) shall remain in effect thereafter unless and until adjusted as provided in Section 9.2(b) or (c).
Consolidated Indebtedness shall not exceed the product of (i) the then applicable Leverage Multiplier multiplied by (ii) Adjusted Consolidated Tangible Net Worth (the "Leverage Test").