Recourse Leverage Ratio definition

Recourse Leverage Ratio means, as of any time the same is to be determined, the ratio of the amount of (A) Recourse Indebtedness outstanding at such time (provided that for purposes of clause (A) of this definition, to the extent otherwise included, Indebtedness of Marketing Subsidiaries in an aggregate amount not to exceed the Marketing Subsidiary Indebtedness Limit incurred under Marketing Subsidiary Excluded Credit Facilities shall not be deemed to be Recourse Indebtedness) to (B) the amount of Capital at such time.
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Recourse Leverage Ratio means, as of any time the same is to be determined, the ratio of the amount of (A) Recourse Indebtedness outstanding at such time to (B) the amount of Capital at such time.
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Recourse Leverage Ratio means, as of the last day of each Fiscal Quarter, the ratio of (a) Total Recourse Debt as of such date, to (b) Gross EBITDA for four (4) Fiscal Quarters ending on the last day of such Fiscal Quarter.
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Examples of Recourse Leverage Ratio in a sentence

  • Borrower will not at the end of any fiscal quarter permit the Recourse Leverage Ratio to exceed 0.65 to 1.00.

  • As of the last day of each Fiscal Quarter of Postal Realty REIT, the Secured Recourse Leverage Ratio shall not be greater than 0.15 to 1.00.

  • The Borrower will not permit the Recourse Leverage Ratio to exceed 0.65 to 1.00 at the end of any fiscal quarter.

  • Permit the Maximum Secured Recourse Leverage Ratio to exceed 10% as of any date.

  • Borrower will not at the end of any fiscal quarter permit the Recourse Leverage Ratio to exceed, with respect to any fiscal quarter ending in the period (x) from the Effective Date until the Initial Loan Date, 0.65 to 1.00, (y) from the Initial Loan Date until the one (1) year anniversary thereof, 0.70 to 1.00, and (z) thereafter, 0.65 to 1.00.

  • Borrower will not permit the Recourse Leverage Ratio to exceed 0.65 to 1.00 at the end of any fiscal quarter.

  • Borrower will not, as of the end of any fiscal quarter of Borrower, permit the Senior Secured Recourse Leverage Ratio to exceed 3.00:1.00.

  • As of the last day of each Fiscal Quarter of the Borrower commencing with the Fiscal Quarter ending December 31, 2016, the Borrower shall not permit the Consolidated Secured Recourse Leverage Ratio to be greater than 0.10 to 1.00.

  • Borrower will not, as of the end of any fiscal quarter of Borrower commencing December 31, 2014, permit the Total Recourse Leverage Ratio to exceed (i) 3.25:1.0 for each fiscal quarter through the fiscal quarter ending March 31, 2015 and (ii) 3.00:1.0 for each fiscal quarter ending June 30, 2015 and thereafter.

  • As of the last day of each Fiscal Quarter of the Borrower commencing with the Fiscal Quarter ending September 30, 2018, the Borrower shall not permit the Consolidated Secured Recourse Leverage Ratio to be greater than 0.10 to 1.00.