Examples of Priority Leverage Ratio in a sentence
The First Priority Leverage Ratio for the year ended December 31, 2003 resulted in an increase in the interest rates on the TCH Notes of 1.0%.
Such increase is effective from and after March 15, 2004, to March 14, 2005, at which point the rates of interest payable on the TCH Notes would be restored to their original levels, unless the First Priority Leverage Ratio computation for fiscal 2004 were to result in an increase.
In particular, the Compliance Certificate will set forth (i) the Consolidated EBITDA, the Fixed Charges and the Priority Leverage (together with the resulting Fixed Charge Coverage Ratio and Priority Leverage Ratio) and (ii) the cumulative Consolidated Net Income and the amount of Restricted Payments made (together with the resulting difference showing the amount of Restricted Payments which could have been made), in each case, as during the RelevantPeriod immediately preceding.
In particular, the Compliance Certificate will set forth (i) the Consolidated EBITDA, the Fixed Charges and the Priority Leverage (together with the resulting Fixed Charge Coverage Ratio and Priority Leverage Ratio) and (ii) the cumulative Consolidated Net Income and the amount of Restricted Payments made (together with the resulting difference showing the amount of RestrictedPayments which could have been made), in each case, as during the Relevant Period immediately preceding.
Such increases are effective from and after March 15, 2004 to March 15, 2005 and March 15, 2005 to March 14, 2006 for the 2003 and 2004 calculations, respectively, at which point the rates of interest payable on the TCH Notes would be restored to their original levels, unless the TCH First Priority Leverage Ratio computation for 2005 results in an increase.