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