Examples of Leverage Ratio in a sentence
In the event the Borrower elects to increase the Consolidated Leverage Ratio pursuant to this Section 8.09, the Borrower shall notify the Administrative Agent in writing at such time as the applicable Qualified Acquisition is consummated.
The Borrower shall not permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 3.
The Company shall ensure that, on any Test Date (in respect of the Testing Period ending on such Test Date), the Proportionate Net Leverage Ratio as set out in the relevant Compliance Certificate shall not exceed the ratio set out in the table below opposite the applicable Testing Period (the "Financial Covenant").
In addition to the interest accruing on the Notes, the Issuer agrees to pay to each holder of a Note a fee (the “Leverage Ratio Increase Fee”) at a rate of 0.25% per annum on the outstanding principal amount of such Note during any Leverage Ratio Increase Period.
The Company shall not permit the Subsidiary Unencumbered Leverage Ratio to be greater than 5% at any time.