Leverage Ratio Acquisition definition
Leverage Ratio Acquisition means any acquisition of property or other assets by either Borrower or any of their respective Subsidiaries that is permitted under this Agreement and which, after giving effect thereto, causes the Leverage Ratio, on a pro forma basis on the date such acquisition is consummated, to equal or exceed 3.25 to 1.00. In order for an acquisition to constitute a Leverage Ratio Acquisition, the Borrowers shall deliver to the Administrative Agent, prior to the consummation of such acquisition, written evidence in form and substance acceptable to the Administrative Agent supporting the above-described pro forma calculation.