Maximum Leverage Ratio definition

Maximum Leverage Ratio. 3.75 to 1.00; provided that (i) for the two consecutive fiscal quarters ended immediately following the consummation of any Qualified Acquisition (including the fiscal quarter in which such Qualified Acquisition occurs), the Maximum Leverage Ratio shall be 4.75 to 1.00, (ii) for the fiscal quarter ended immediately after such two fiscal quarters referred to in clause (i), the Maximum Leverage Ratio shall be 4.50 to 1.00, (iii) for the fiscal quarter ended immediately after the fiscal quarter referred to in clause (ii), the Maximum Leverage Ratio shall be 4.25 to 1.00, (iv) for the fiscal quarter ended immediately after the fiscal quarter referred to in clause (iii), the Maximum Leverage Ratio shall be 4.00 to 1.00 (and, for the avoidance of doubt, for each fiscal quarter ended after the fiscal quarter referred to in clause (iv), the Maximum Leverage Ratio shall be 3.75 to 1.00).

Maximum Leverage Ratio means, (a) on any date of determination other than during an Acquisition Period, 5.00:1.00, and (b) on any date of determination during an Acquisition Period, 5.50:1.00.

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

Examples of Maximum Leverage Ratio in a sentence

• Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower to exceed the Maximum Leverage Ratio.

• Seller shall not, as of the end of each calendar month, permit the ratio of the Seller’s consolidated Indebtedness to consolidated Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio.

• The Company shall not at any time permit the ratio of (i) Total Debt of the Company (as of the date of calculation) to (ii) Pro Forma Annualized EBITDA as of the last day of any Fiscal Quarter on or preceding such date of calculation to exceed the correlative ratio indicated: Period Maximum Leverage Ratio Closing Date - Dec.

• The ratio of the Seller’s consolidated Indebtedness to Adjusted Tangible Net Worth is not greater than the Maximum Leverage Ratio.

• If the Borrower has notified the Administrative Agent in writing that an Acquisition Threshold has been achieved and has elected a Trigger Quarter or shall be deemed to have selected a Trigger Quarter, then the Maximum Leverage Ratio shall be increased to 4.00 to 1.00 during the related Elevated Leverage Period.

More Definitions of Maximum Leverage Ratio

Maximum Leverage Ratio. Section 7.10.1. "Offshore Rate" Section 3.3.1. "Partnership Agreement" Section 7.13. "Payment Date" Section 3.1. "Permitted Liens" Section 7.7. "Plan Assets" Section 7.16. "Pledged Indebtedness" Section 6.1.4.(c) "Pledged Rights" Section 6.1.4.(b) "Pledged Securities" Section 6.1.4.(c) "Pledged Stock" Section 6.1.4.(a) "Secured Obligations" Section 6.1 "Swap Contracts" Section 3.5

Maximum Leverage Ratio for the Borrower and its Subsidiaries on a consolidated basis, the ratio of Funded Debt to EBITDA.

Maximum Leverage Ratio means, as of the end of the most recently completed Fiscal Quarter, the ratio of (a) Total Funded Debt of the Company and its Consolidated Subsidiaries as of the last day of such Fiscal Quarter to (b) Consolidated EBITDA of the Company and its Consolidated Subsidiaries determined for the relevant Measurement Period.

Maximum Leverage Ratio means a Leverage Ratio no greater than 6.5x.

Maximum Leverage Ratio has the meaning specified in Section 7.05.

Maximum Leverage Ratio means, as of any date, the ratio (expressed as a percentage) of (a) Consolidated Total Indebtedness as of such date, to (b) Total Asset Value as of such date.

Maximum Leverage Ratio means, at any date of determination, a quotient, expressed as a percentage, the numerator of which shall be the total Funded Debt of the Borrower and its Subsidiaries on a consolidated basis as of such date and the denominator of which shall be the net worth of the Borrower and its Subsidiaries on a consolidated basis plus the total Funded Debt of the Borrower and its Subsidiaries on a consolidated basis as of such date.