Total Leverage Covenant definition

Total Leverage Covenant shall have the meaning assigned to such term in Section 8.03(a).
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Total Leverage Covenant means the maximum Total Leverage Ratio for ----------------------- the period permitted under Section 7.8 hereof.
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Total Leverage Covenant means the financial covenant set forth in Section 9.1.
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Examples of Total Leverage Covenant in a sentence

  • There shall be no pro forma reduction in Consolidated Total Funded Indebtedness as a result of any prepayments of Indebtedness with the proceeds of any Equity Cure Contribution for determining compliance with the Total Leverage Covenant under Section 6.08 as of and for the Test Period ending on the last day of the Cure Quarter; provided that such Equity Cure Contribution shall reduce Consolidated Total Funded Indebtedness in future fiscal quarters to the extent used to prepay any applicable Indebtedness.

  • No Equity Cure Contribution shall be any greater than the minimum amount required to cause the Borrower to be in compliance with the Total Leverage Covenant in the applicable Cure Quarter.

  • There shall be no pro forma reduction in Consolidated Total Funded Indebtedness as a result of any prepayments of Indebtedness with the proceeds of any Equity Cure Contribution for determining compliance with the Total Leverage Covenant under Section 6.08 as of and for the Test Period ending on the last day of the Cure Quarter; provided that such Equity Cure Contribution shall reduce Consolidated Total Funded Indebtedness in future fiscal quarters (whether by cash netting or otherwise).

  • Additionally, notwithstanding the foregoing ratios for the periods indicated, during the Adjustment Period the Total Leverage Covenant shall be 7:50 to 1:00, provided that, to the extent required by the definition of "Adjustment Trigger Date," the Borrower or the Parent Company or both have issued not less than (i) $100,000,000 in Preferred Stock or other Capital Stock, plus (ii) $200,000,000 in Subordinated Debt.

  • The Definitive Documentation relating to the Facility will contain a Total Leverage Covenant and Interest Coverage Covenant, in each case modeled after the comparable covenants in the Operating Company credit facilities, with appropriate adjustments to be determined.

  • Without the written consent of the Required Revolving Lenders, the Borrowers shall not be permitted to incur Revolving Loans or Swingline Loans or request the issuance of Letters of Credit on a Compliance Date (including a date that would become a Compliance Date after giving effect to any such incurrence or issuance), unless the U.S. Borrower shall be in compliance with the Total Leverage Covenant as of the last day of the most recently completed period of four consecutive fiscal quarters.