Leverage Ratios definition

Leverage Ratios shall have the meaning set forth in Section 1.3.
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Leverage Ratios and “Leverage Ratio” shall have the meaning set forth in Section 1.5(a).
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Leverage Ratios means the Total Leverage Ratio and the Secured Leverage Ratio.
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Examples of Leverage Ratios in a sentence

  • For purposes of this subsection (i), the Leverage Ratio at any time shall be equal to the average of the Leverage Ratios as determined on the last day of each of the six preceding calendar months.

  • The vesting of the Award shall be subject to the Corporation achieving during the Performance Period the Diluted Earnings Per Share and the Leverage Ratios, as provided in Exhibit A attached hereto.

  • Company shall have delivered to Arranger and Agents a Margin Determination Certificate demonstrating in reasonable detail the Consolidated Leverage Ratios for the four consecutive Fiscal Quarters ending on the last day of most recently ended Fiscal Quarter.

  • The Borrower hereby acknowledges and agrees that the waivers set forth in this Section 3 shall not in any way waive or limit the rights of the Lenders to request from the Borrower any additional interest or fees owed to them under the Loan Documents as a result of any discrepancy between the Leverage Ratio reported for fiscal quarters ending after February 28, 2013, and the actual Leverage Ratios for such fiscal quarters.

  • Subsection 8.1(a) of the Agreement is hereby amended by deleting the permitted maximum Leverage Ratios listed therein for the last day of the Borrower's fiscal quarters ending December 31, 1999 and March 31, 2000 and inserting in lieu thereof the following permitted maximum Leverage Ratios: "December 31, 1999 4.25 to 1.0 March 31, 2000 3.75 to 1.0".

  • The Borrower and its Material Subsidiaries, excluding any other federally-insured depository institution that may be acquired after the date hereof and prior to the Termination Date, will maintain total "Risk-Based Capital Ratios", "Tier I Risk-Based Capital Ratios", and "Leverage Ratios", as defined in applicable FDIC regulations, sufficient to cause each entity or consolidated entity described herein to be considered "well capitalized" by the appropriate Federal Banking Agency.

  • If, at any time, the Servicer has not entered into such a replacement facility or such replacement facility does not contain corresponding ratios, the Servicer shall maintain the above Consolidated Leverage Ratios and the above Consolidated Interest Coverage Ratios required as if the Credit Agreement remained in full force and effect.

  • Subsection 8.1(a) of the Agreement is hereby amended by deleting the permitted maximum Leverage Ratios listed therein for the last day of the Borrower's fiscal quarters ending December 31, 1998, March 31, 1999, June 30, 1999, September 30, 1999 and December 31, 1999 and inserting in lieu thereof the following permitted maximum Leverage Ratios: "December 31, 1998 4.50 to 1.0 March 31, 1999 5.50 to 1.0 June 30, 1999 5.75 to 1.0 September 30, 1999 5.25 to 1.0 December 31, 1999 4.00 to 1.0".

  • Company shall not permit the Leverage Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending September 30, 2006, to exceed the respective Leverage Ratios for the following periods to be negotiated in good faith by the Company and the Administrative Agent on or before the Closing Date and in any event to be established at a minimum of a half-turn greater the corresponding in Section 6.8(b) of the First Lien Credit Agreement.

  • A duly completed Compliance Certificate dated as of the Closing Date pursuant to which Borrower certifies that it shall be in compliance on a Pro Forma Basis with the covenants contained in Section 8.2.15 [Minimum Debt Service Coverage Ratio] and Section 8.2.16 [Maximum Leverage Ratios] upon the closing and funding of the Loans hereunder.


More Definitions of Leverage Ratios

Leverage Ratios means the Debt to Consolidated EBITDA Ratio and the Debt to Consolidated EBITDA less Capital Expenditures Ratio.
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Leverage Ratios means each of the Senior Debt Leverage Ratio and the Total Debt Leverage Ratio.
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Leverage Ratios shall have the meaning set forth in Section 13.7.
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Leverage Ratios means the Total Leverage Ratio and the Senior Leverage Ratio.
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Leverage Ratios the collective reference to the Senior Leverage Ratio and the Total Leverage Ratio.
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Related to Leverage Ratios

  • Leverage Ratio means, as of any date, the ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

  • 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.

  • 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.

  • 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.

  • Net Total Leverage Ratio means on any date, the ratio of (A) (i) the sum of, without duplication, (x) the aggregate principal amount of any Consolidated Debt consisting of Loan Obligations outstanding as of the last day of the Test Period most recently ended as of such date (other than Excluded Transaction Debt) and (y) the aggregate principal amount of any other Consolidated Debt of the Borrower and its Subsidiaries as of the last day of such Test Period (other than Excluded Transaction Debt) 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) 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.