Examples of Net Leverage Ratio in a sentence
Margin: From the first day following six (6) months after the Closing Date, the Margin for the Facilities shall vary as set out below and otherwise in accordance with the Precedent Senior Facilities Agreement: Facility B (EUR): 3 steps down of 0.25% per annum for each0.50x reduction in the Senior Secured Net Leverage Ratio ("SSNL") from 4.95:1 ("Opening SSNL"), (such that, for the avoidance of doubt, the bottom of the ratchet would be 3.00% where SSNL ≤ 3.45:1).
The Company will also pay the consenting lenders a deferred amendment fee, payable in installments of 0.03125% of the outstanding Revolving Credit Facility and TLA Facility each quarter through maturity when the Company’s Total Net Leverage Ratio equals or exceeds 3.00 to 1.00.
Total Net Leverage Ratio is calculated as the ratio of consolidated total debt under the facility as of the last day of the most recent completed four fiscal quarters to Consolidated Adjusted EBITDA of ViaWest for the same period.
The Borrower will not permit the Net Leverage Ratio, determined as of the end of each of its fiscal quartersending on or after the Effective Date, to be greater than or equal to 3.00 to 1.00 for any such fiscal quarter.
Net Leverage Ratio of less than or equal to 2.5 timesThe Group complied with all applicable financial covenant requirements throughout the financial year.