Leverage Ratio Level definition

Leverage Ratio Level as to the Company, the existence of Leverage Ratio Level I, Leverage Ratio Level II, Leverage Ratio Level III, Leverage Ratio Level IV or Leverage Ratio Level V, as the case may be.
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Leverage Ratio Level shall have the meaning assigned to such term in Section 2.06 hereof.
Sample 1
Leverage Ratio Level means the level set forth on the table below corresponding to the Leverage Ratio as of the last day of the most recently-ended Fiscal Quarter: LEVEL LEVERAGE RATIO ----- -------------- 1 >2.0:1.0 2 <2.0:1.0 - >1.5:1.0 - 3 <1.5:1.0 >1.0:1.0 - 4 <1.0:1.0
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Examples of Leverage Ratio Level in a sentence

  • For purposes of determining the Applicable Margin for all Loans, interest rates on the Loans shall be calculated on the basis of the Total Debt Ratio set forth in the most recent certificate of an Authorized Officer of the Borrower delivered pursuant to Section 6.1(v) (a "Leverage Ratio Level Certificate").

  • Any increase or decrease in Applicable Margin due to an increase or decrease in the Leverage Ratio Level after the Closing Date shall be effective on the first calendar day following the date on which the Compliance Certificate evidencing the computation of such Leverage Ratio Level is due to be delivered under Section 7.03(c).

  • Any increase or decrease in Applicable Facility Fee due to an increase or decrease in the Leverage Ratio Level after the Closing Date shall be effective on the first calendar day following the date on which the Compliance Certificate evidencing the computation of such Leverage Ratio Level is due to be delivered under Section 7.03(d).

  • To ensure that the new TEKCIM cement project does not induce significant environmental and social impacts, the project impact area is delineated to englobe sensitive components of the natural and human environment that could directly or indirectly suffer from the anticipated project impacts.

  • If, for any reason, the Borrower shall fail to deliver a Leverage Ratio Level Certificate when due in accordance with Section 6.1(v), and such failure shall continue for a period of twenty days, the Leverage Ratio Level shall be deemed to be Level 5, retroactive to the date on which the Borrower should xxxx xxlivered such Leverage Ratio Level Certificate and shall continue until a Leverage Ratio Level Certificate indicating a different Leverage Ratio Level is delivered to the Agent.

  • Any increase or decrease in Applicable Margin due to an increase or decrease in the Leverage Ratio Level after the Closing Date shall be effective on the first calendar day following the date on which the Compliance Certificate evidencing the computation of such Leverage Ratio Level is due to be delivered under Section 7.03(d).

  • If, for any reason, the Borrower shall fail to deliver a Leverage Ratio Level Certificate when due in accordance with Section 6.1(v), and such failure shall continue for a period of twenty days, the Leverage Ratio Level shall be deemed to be Lxxxx 0, retroactive to the date on which the Borrower should have delivered such Leverage Ratio Level Certificate and shall continue until a Leverage Ratio Level Certificate indicating a different Leverage Ratio Level is delivered to the Agent.

  • Notwithstanding the foregoing, for the period from the Closing Date until five Business Days after the Agent has received the Borrower's quarterly financial statements and Compliance Certificate for the fiscal period ended October 30, 1999, (i) the Revolving/Term A Applicable Margin shall be that applicable to Revolving/Term A Leverage Ratio Level 5 and (ii) the Term B Applicable Margin shall be that applicable to Term B Leverage Ratio Level 2.


More Definitions of Leverage Ratio Level

Leverage Ratio Level is amended as follows:
Sample 1
Leverage Ratio Level if the Total Debt Ratio shall be less than 0.75:1.00, the Leverage Ratio Level shall be 1; if the Total Debt Ratio shall be equal to or greater than 0.75:1.00 and less than 1:00:1.00, the Leverage Ratio Level shall be 2; if the Total Debt Ratio shall be equal to or greater than 1.00:1.00 and less than 1.50:1.00, the Leverage Ratio Level shall be 3; if the Total Debt Ratio shall be equal to or greater than 1.50:1.00 and less than 2.00:1.00, the Leverage Ratio Level shall be 4; and if the Total Debt Ratio shall be equal to or greater than 2.00:1.00, the Leverage Ratio Level shall be 5.
Sample 1
Leverage Ratio Level as to ASI, the existence of Leverage Ratio Level I, Leverage Ratio Level II or Leverage Ratio Level III.
Sample 1
Leverage Ratio Level means the Revolving/Term A Leverage Ratio Level or the Term B Leverage Ratio Level, as applicable.
Sample 1

Related to Leverage Ratio Level

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Company most recently ended on or prior to such date.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Senior Leverage Ratio means the ratio of (a) Consolidated Senior Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Secured Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Net Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Unencumbered Leverage Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (a) Unsecured Indebtedness, divided by (b) Unencumbered Asset Value.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • First Lien Leverage Ratio means, on any date, the ratio of (a) Consolidated First Lien Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Secured Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Senior Leverage Ratio means, for any date of determination (i) Consolidated Funded Indebtedness on such date of determination (excluding the Unsecured Note Indebtedness) to (ii) Consolidated Adjusted EBITDA for the applicable period of four consecutive fiscal quarters.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated First Lien Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters of the Borrower most recently ended.

  • Coverage Ratio As to any one or more of the Combined Leased Properties, the ratio of the EBITDARM generated by such Combined Leased Property(ies) to Base Rent allocable thereto under the applicable Combined Leases, in each case for the four (4) full calendar quarters ending not less than sixty (60) days prior to the occurrence of a Section 16.10.3.1