Definition of Pool Leverage Ratio

  1. 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.

Definition of Pool Leverage Ratio in Credit Agreement

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.