Original Leverage Multiple definition

Original Leverage Multiple means, with respect to any Collateral Obligation, the Leverage Multiple applicable to such Collateral Obligation as calculated by the Servicer (and, to the extent set forth in the Asset Approval Request, approved by the Administrative Agent in its sole discretion) in accordance with the definition of Leverage Multiple and the definitions used therein and set forth in the related Approval Notice.
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Original Leverage Multiple means, with respect to any Collateral Obligation, the Leverage Multiple applicable to such Collateral Obligation as calculated by the Servicer in accordance with the definition of Leverage Multiple and the definitions used therein.
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Examples of Original Leverage Multiple in a sentence

  • COLLATERAL OBLIGATION INFORMATION Obligor Name Domicile Eligible Currency Obligor EBITDA (including cash and non-cash adjustments) Maturity Date Interest coupon/ spread above LIBORTerm SOFR Principal Balance Pledged Amount1 Purchase Price Original Leverage Multiple Original Effective LTV Maximum Effective LTV (before triggering a Revaluation Event) 1 Defined as the outstanding principal balance of such Collateral Obligation prior to any adjustments.

Related to Original Leverage Multiple

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Base Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month which is 12 calendar months prior to the month for which the Substitute Index Level is being determined;