Operating Leverage Ratio definition

Operating Leverage Ratio means, as of the last day of each ------------------------ fiscal quarter, the ratio of (i) Senior Debt of the Borrowers as of such day to (ii) combined EBITDA of the Borrowers for the two fiscal quarter period ending on such day, multiplied by two.

Operating Leverage Ratio means as of any date of determination (i) Senior Funded Debt as of such date divided by (ii) EBITDA for the four consecutive fiscal quarters then ended.

Operating Leverage Ratio means for any period as of the date of determination the ratio of (a) Total Liabilities for such period to (b) EBITDA for such period, as calculated on a rolling four quarter basis as determined in accordance with GAAP.

Examples of Operating Leverage Ratio in a sentence

• As of the end of the fiscal ------------------------ quarters of the Borrowing Group ending June 30 and September 30 of each year, Borrowers shall not cause or permit the Operating Leverage Ratio to be less than 3.50 to 1.00.

• Maintain on a consolidated basis an Operating Leverage Ratio not exceeding the ratios indicated for each period specified below:Period Maximum Ratio From the date hereof 3.75 to 1.0 through 12/29/07 From 12/30/07 4.25 to 1.0 through 12/27/08 From 12/28/08 6.0 to 1.0 through 12/26/09 From 12/27/09 4.75 to 1.0 through 12/25/10 From 12/26/11 3.75 to 1.0 and thereafter This ratio will be calculated at the end of each fiscal quarter using the results of the twelve-month period then ended.

• Holding Company and its Subsidiaries shall have, on a consolidated basis, at the end of each Fiscal Quarter, an Operating Leverage Ratio as of the last day of such Fiscal Quarter for the 12-month period then ended, of not more than 3.00 to 1.00.

• Radian shall cause RII at all times to have a maximum Operating Leverage Ratio of twenty.

• The Borrower will not permit the Operating Leverage Ratio at the end of any fiscal quarter for (i) HIC, on a combined statutory basis, and (ii) VIK, on a combined statutory basis, in each case to be greater than 3.00 to 1.

More Definitions of Operating Leverage Ratio

Operating Leverage Ratio means the total net risk in force divided by the Tangible Net Worth.

Operating Leverage Ratio means as at the end of any fiscal quarter, the ratio of (x) Net Premiums Written for the Test Period then ended to (y) Statutory Surplus as at the end of such fiscal quarter; provided that (i) for the Test Period ending June 30, 1997, the Net Premiums Written for such Test Period shall be multiplied by 2 and (ii) for the Test Period ending September 30, 1997, the Net Premiums Written for such Test Period shall be multiplied by 4/3.

Operating Leverage Ratio means, in respect of any Insurance Subsidiary for any applicable computation period, the ratio of such Insurance Subsidiary's (a) Net Written Premiums to (b) Statutory Capital and Surplus.

Operating Leverage Ratio means, with respect to any Person, on a consolidated basis, the ratio of (a) Funded Debt as of any date of determination, to (b) the sum of EBITDA less Maintenance Capital Expenditures for the twelve months ending on that date of determination.

Operating Leverage Ratio has the meaning set forth in Section 7.01(v) of this Agreement.

Operating Leverage Ratio means, for any date of determination, the ratio ------------------------ of (a) Consolidated Funded Debt as of the end of the immediately preceding calendar quarter to (b) Consolidated Operating Cash Flow for the immediately preceding four calendar quarters.

Operating Leverage Ratio means Net Written Premiums over the most recent four quarters divided by Capital Surplus as of the most recent quarterly ending date.