Maximum Consolidated Leverage Ratio definition

Maximum Consolidated Leverage Ratio has the meaning specified in Section 7.11(a).
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Maximum Consolidated Leverage Ratio means, as of any date, the ratio of (a) all Indebtedness of the Companies, on a consolidated basis as of such date, to (b) Total Asset Value as of such date.
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Maximum Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending on any date set forth below, the Consolidated Leverage Ratio set forth below opposite such period: Four Fiscal Quarter Period Ending Consolidated Leverage Ratio October 30, 2011 5.00:1.00 January 29, 2012 4.75:1.00 April 29, 2012 4.50:1.00 Four Fiscal Quarter Period Ending Consolidated Leverage Ratio July 29, 2012 4.25:1.00 October 28, 2012 4.00:1.00 January 27, 2013 3.875:1.00 April 28, 2013 3.75:1.00 July 28, 2013 3.625:1.00 November 3, 2013 and each fiscal quarter end date thereafter 3.50:1.00
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Examples of Maximum Consolidated Leverage Ratio in a sentence

  • After the Increase Period, the Consolidated Leverage Ratio may not be greater than Maximum Consolidated Leverage Ratio as of the last day of each fiscal quarter of the Borrower until another Increase Period occurs.

  • Notwithstanding the foregoing, upon the consummation of a Material Acquisition during the term of this Agreement, the Consolidated Leverage Ratio may be greater than the Maximum Consolidated Leverage Ratio for the first four fiscal quarters ending after the date of the consummation of such Material Acquisition ("Increase Period"), but in no event shall the Consolidated Leverage Ratio be greater than 3.75 to 1.00 as of the last day of any fiscal quarter (the "Permitted Leverage Increase").

  • There may be more than one Permitted Leverage Increase during the term of this Agreement but only so long as there are two full fiscal quarters of compliance with the Maximum Consolidated Leverage Ratio prior to the commencement of another Permitted Leverage Increase.

  • In consideration of the terms and conditions of this Agreement, the Lenders hereby waive Borrower's compliance with the Maximum Consolidated Leverage Ratio, Minimum Fixed Charge Coverage and Minimum Interest Coverage financial covenants set forth in Section 9.12 of the Credit Agreement for the periods ending December 31, 2002, and March 31, 2003.

  • Permit, as of the last day of any calendar month, the Consolidated Leverage Ratio to exceed the Maximum Consolidated Leverage Ratio elected as of such day in accordance with the definition thereof.


More Definitions of Maximum Consolidated Leverage Ratio

Maximum Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio to be more than 1.50:1.00, at any time.
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Maximum Consolidated Leverage Ratio for any fiscal quarter shall be the ratio specified below for such fiscal quarter:
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Maximum Consolidated Leverage Ratio has the meaning assigned to that term in Section 6.6.
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Maximum Consolidated Leverage Ratio. (a) from the Closing Date until the date the first election is made by the Borrower pursuant to clause (a)(ii) of the definition of “Sub-Limit” in this Section 1.1, 7.00:1.00, and (b) thereafter, at any time that the Maximum Sub-Limit is an amount specified in the table in clause (a)(ii) of the definition of “Sub-Limit”, the amount set forth opposite such Maximum Sub-Limit in such table under the heading “Maximum Consolidated Leverage Ratio”.
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Maximum Consolidated Leverage Ratio. Company shall not permit the Consolidated Leverage Ratio as of the last day of the most recently ended Fiscal Quarter to exceed 3.25:1.00, in each case whether calculated on an Annualized Basis or an LTM Basis.”
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Maximum Consolidated Leverage Ratio for any fiscal quarter shall be the ratio specified below for such fiscal quarter: Fiscal Quarters Ending During the Period From: Maximum Consolidated Leverage Ratio Original Closing Date through Fiscal Q3 2007 6.25 to 1.00 December 31, 2007 through Fiscal Q3 2008 5.50 to 1.00 December 31, 2008 through Fiscal Q3 2009 5.25 to 1.00 December 31, 2009 through Fiscal Q3 2010 4.75 to 1.00 Thereafter 4.50 to 1.00 ; provided that in the event that Cedar Fair LP consummates an offering of its Capital Stock yielding Net Cash Proceeds to Cedar Fair LP of at least $200,000,000 on or prior to the last day of Fiscal Q▇ ▇▇▇▇, the “Maximum Consolidated Leverage Ratio” shall be 5.65 to 1.00 for each fiscal quarter ending during the period from the date of receipt of such proceeds through the last day of Fiscal Q▇ ▇▇▇▇.
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Maximum Consolidated Leverage Ratio. For the Quarter ended , (“Statement Date”)
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