Examples of Maximum Leverage in a sentence
Year Ended Minimum Leverage Maximum Leverage Leverage at end of Reporting PeriodRecent Developments Other than indicated below, there are no recent industry, management or ETF related developments that are pertinent to the present and future of the ETF.
Maximum Leverage is limited to the leverage limit for retail hedge funds as set by regulations from time to time.
The Revolving Credit Facility allows for a Maximum Leverage Ratio of 3.50 and a Minimum Interest Coverage Ratio of 2.50, subject to certain conditions defined in the financing agreement.
Fixed Charge Coverage ratio is defined as the ratio of (a) consolidated EBITDA less capital expenditures to (b) the sum of debt service payments, interest expense, current income taxes paid, cash dividends and distributions paid, management, consulting, monitoring, and advisory fees, cash earn-outs paid, and capital expenditures; and o Maximum Leverage Ratio of 4.00 : 1:00 starting in Q3 2016 and gradually decreasing to 1.50 : 1.00 in Q4 2020.
For purposes of determining compliance with the leverage ratio covenant, the Maximum Leverage Ratio (as defined) for the quarterly computation dates for the remainder of the term of the Credit Facility was redefined.