Pool Leverage Ratio definition

Pool Leverage Ratio means: (a) prior to the occurrence of the Security Interest Termination Event, the ratio of the aggregate Reference Debt to Pool Value, and (b) from and after the occurrence of the Security Interest Termination Event, the ratio of the Unsecured Debt to Pool Value.
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Pool Leverage Ratio means, as of any date of calculation, the ratio expressed as a percentage of (i) the aggregate Unsecured Debt (including the BB Total Credit Exposure but excluding the WC Revolving Credit Exposure) to (ii) Total Pool Value.
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Pool Leverage Ratio means the ratio of the Unsecured Debt to Pool Value.
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Examples of Pool Leverage Ratio in a sentence

  • Permit the Unencumbered Asset Pool Leverage Ratio on the date of determination to be more than sixty percent (60%) which maximum percentage shall be increased to 65% for up to four consecutive quarters after a Material Acquisition.

  • The Borrower Parties will not permit the Unencumbered Pool Leverage Ratio to exceed 60% on the last day of any fiscal quarter during the term of this Agreement.

  • Permit the Unencumbered Asset Pool Leverage Ratio on the date of determination to be more than sixty percent (60%), provided that the maximum percentage shall increase to 65% for up to four consecutive quarters commencing with the fiscal quarter immediately following a Material Acquisition.

  • As of any time of determination, the lesser of (A) a maximum Total Loan Exposure such that the Pool Leverage Ratio would not at such time exceed the percentage required under §9.9(a), or (B) a maximum Total Loan Exposure which would provide a Pool Debt Yield of no less than ten and one-half percent (10.5%).

  • Not permit the Unencumbered Property Pool Leverage Ratio to be more than sixty-five percent (65%).

  • Maintain a Collateral Pool Leverage Ratio as determined as of each Calculation Date of not more than fifty-five percent (55%).

  • Not permit the Unencumbered Property Pool Leverage Ratio to be more than sixty percent (60%), which maximum percentage shall be increased to sixty-five percent (65%) for the four (4) consecutive calendar quarters starting with the date of the Material Acquisition.

  • Permit the Unencumbered Asset Pool Leverage Ratio on the date of determination to be more than sixty-five percent (65%).

  • Not permit the Unencumbered Asset Pool Leverage Ratio to be more than sixty-five percent (65%) at any date of determination during the first Loan Year or sixty percent (60%) thereafter, which maximum percentage shall be increased to sixty-five percent (65%) for four consecutive quarters after a Material Acquisition.

  • Amend the definitions of Borrowing Base, Pre-Stabilized Collateral Pool Borrowing Base, Stabilized Collateral Pool Borrowing Base, Cash Collateral Borrowing Base, Collateral Pool Leverage Ratio or any defined terms used in the foregoing definitions.