Leverage Rate definition
Leverage Rate means a transaction size/ margin ratio for each Admiral Product as listed on Admiral’s website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇. For example, the 1:30 Leverage Rate means that the Client is required to have 3.33% of transaction size in its Account as Margin.
Examples of Leverage Rate in a sentence
The Borrower shall pay dividends in cash or in kind, without the Lender's prior written consent, as long as the Consolidated Leverage Rate does not exceed 3:1.
As of any time of determination, the lesser of (A) the Applicable Mortgaged Leverage Rate times the Mortgaged Property Pool Value, or (B) an amount which would provide a Mortgaged Property DSCR of not less than 1.30 to 1.0.