Definition of Pool Leverage Ratio


Pool Leverage Ratio means: (a) prior to the occurrence of the Security Interest Termination Event, the ratio of the aggregate Credit Exposure of the Lenders 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.
Sample 1

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.
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.
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 shall not permit the Unencumbered Asset Pool Leverage Ratio on the date of determination to be more than sixty percent (60%), provided that the maximum percentage increase to 65% for up to four consecutive quarters commencing with the fiscal quarter immediately following 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.