Financial Performance Level definition

Financial Performance Level means the applicable level of Borrower’s financial performance determined in accordance with the table set forth below. Financial Performance Level Leverage Ratio Level 1 Less than or equal to 1.00 to 1.0 Level 2 Greater than 1.00 to 1.0 but less than or equal to 1.50 to 1.0 Level 3 Greater than 1.50 to 1.0 but less than or equal to 2.00 to 1.0 Level 4 Greater than 2.00 to 1.0 but less than or equal to 2.75 to 1.0 Level 5 Greater than 2.75 to 1.0
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Financial Performance Level has the meaning set forth in the definition of Applicable Margin.
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Financial Performance Level means the applicable level of Borrower’s financial performance determined in accordance with the table set forth below, provided, however, notwithstanding the definition thereof, Debt to Capitalization Ratio shall be the average of the Debt to Capitalization Ratio at the end of the then prior four fiscal quarters. Financial Performance Level Debt to Capitalization Ratio Xxxxx 0 Xxxxx 0 Xxxxx 0 Xxxxxxx xxxx 60% Less than or equal to 60% but greater than 40% Less than or equal to 40%
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Examples of Financial Performance Level in a sentence

  • Commencing on the Closing Date, the Borrower agrees to pay to the Agent for distribution to the Lenders (based on their applicable respective Pro Rata Percentages) a quarterly non-use fee (the “Non-Use Fee”) on the daily average unused amount of the Line of Credit Loan Commitments and the Term Loan Commitments, as the case may be, at the applicable rate per annum for the relevant Financial Performance Level set forth in the definition of Applicable Margin.

  • Level 1 Greater than or equal to 3.50 to 1.0 Level 2 Less than 3.50 to 1.0 but greater than or equal to 3.25 to 1.0 Level 3 Less than 3.25 to 1.0 but greater than or equal to 3.00 to 1.0 Level 4 Less than 3.00 to 1.0 but greater than or equal to 2.75 to 1.0 Level 5 Less than 2.75 to 1.0 but greater than or equal to 2.50 to 1.0 Level 6 Less than 2.50 to 1.0 The initial Financial Performance Level shall be Level 3.

  • Level 1 Less than 3.00 to 1.00 Level 2 Greater than or equal to 3.00 to 1.00 but less than 3.50 to 1.00 Level 3 Greater than or equal to 3.50 to 1.00 but less than 4.00 to 1.00 Level 4 Greater than or equal to 4.00 to 1.00 but less than 4.50 to 1.00 Level 5 Greater than or equal to 4.50 to 1.00 As of the Borrower's first full fiscal quarter commencing after the Conversion Date, Borrower's Funded Debt to EBITDA Ratio was ________ and the Financial Performance Level was ____________.

  • If the Agent does not receive such quarterly statements prior to the end of the month following the end of such fiscal quarter, the Borrower's Financial Performance Level shall be deemed to be Levex 0 xxxroactively beginning with the tenth day of the second month following the end of such fiscal quarter.

  • Any change in the Financial Performance Level will be effective thirty (30) days after the Borrower’s quarter end and Agent’s receipt of the financial statements and compliance certificate supporting such change.


More Definitions of Financial Performance Level

Financial Performance Level means the applicable level of Borrower’s financial performance determined in accordance with the table and paragraph set forth below, with Leverage Ratio being determined using the EBITDA calculations referred to in Section 7.6(c). Financial Performance Level Leverage Ratio Level 1 Greater than or equal to 4.50 to 1.0 Level 2 Less than 4.50 to 1.0 but greater than or equal to 4.00 to 1.0 Level 3 Less than 4.00 to 1.0 but greater than or equal to 3.50 to 1.0 Level 4 Less than 3.50 to 1.0 but greater than or equal to 3.00 to 1.0 Level 5 Less than 3.00 to 1.0 but greater than or equal to 2.50 to 1.0 Level 6 Less than 2.50 to 1.0 but greater than or equal to 2.00 to 1.0 Level 7 Less than 2.00 to 1.0 but greater than or equal to 1.50 to 1.0 Level 8 Less than 1.50 to 1.0 but greater than or equal to 1.00 to 1.0 Level 9 Less than 1.00 to 1.0 but greater than or equal to 0.75 to 1.0 Lxxxx 00 Less than 0.75 to 1.0
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Financial Performance Level means the applicable level of Borrower’s financial performance determined in accordance with the table set forth below at the end of each fiscal quarter.
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Financial Performance Level means the sum of the Subscription Revenue Growth (as defined below) plus the Unlevered Free Cash Flow Margin (as defined below) for the Company’s 2020 fiscal year (or such time period as described below in the event of a New Measurement Date). For purposes of calculating the Financial Performance Level, results will be expressed to the nearest hundredth, with amounts equal to .05 and up rounded up to the nearest whole tenth and amounts below .05 rounded down to the nearest whole tenth.
Sample 1
Financial Performance Level means the applicable level of Borrower’s financial performance determined in accordance with the table and paragraph set forth below, provided, however, notwithstanding the definition thereof, Debt to Capitalization Ratio shall be determined as if the Top Cat Subsidiaries were not consolidated subsidiaries of Borrower. Financial Performance Level Debt to Capitalization Ratio Level 1 Greater than 65% Level 2 Less than or equal to 65% but greater than 60% Level 3 Less than or equal to 60% but greater than 55% Level 4 Less than or equal to 55% but greater than 50% Level 5 Less than or equal to 50% but greater than 40% Level 6 Less than or equal to 40%
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Financial Performance Level means the four levels of the Borrower's financial performance in any fiscal quarter, as set forth below.
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Financial Performance Level means the applicable level of the Borrower's financial performance determined in accordance with the table and paragraph set forth below. FINANCIAL PERFORMANCE LEVEL RATIO OF ADJUSTED FUNDED DEBT TO EBITDA Level 1 Greater than or equal to 4.01 to 1.0 Level 2 Less than 4.01 to 1.0 but greater than or equal to 3.51 to 1.0 Level 3 Less than 3.51 to 1.0 but greater than or equal to 3.01 to 1.0 Level 4 Less than 3.01 to 1.0 but greater than or equal to 2.51 to 1.0 Level 5 Less than 2.51 to 1.0 The initial Financial Performance Level shall be Level 3. Beginning with the Borrower's fiscal quarter ending in March, 1998, the Agent will review the Borrower's financial performance as of each fiscal quarter end, after its receipt of the Borrower's financial statements and compliance certificate for such fiscal quarter, and will confirm the Borrower's calculation of its ratio of quarter end Adjusted Funded Debt to rolling four quarter EBITDA for such fiscal quarter. Any change in the Financial Performance Level will be effective thirty (30) days after Borrower's quarter end and Agent's receipt of the financial statements and compliance certificate supporting such change. If Borrower's financial statements and compliance certificate for any fiscal quarter are not delivered to the Agent on a timely basis, the Agent may, at its option, deem the Borrower's Financial Performance Level to be Level 1 until ten (10) Business Days after the Agent's receipt of such financial statements and compliance certificate.
Sample 1
Financial Performance Level means the applicable level of Borrower’s financial performance determined in accordance with the table set forth below, provided, however, notwithstanding the definition thereof, Debt to Capitalization Ratio shall be determined as if the Rail Subsidiaries were not consolidated subsidiaries of Borrower. Financial Performance Level Debt to Capitalization Ratio Xxxxx 0 Xxxxx 0 Xxxxx 0 Xxxxx 0 Xxxxxxx xxxx 50% Less than or equal to 50% but greater than 35% Less than or equal to 35% but greater than 20% Less than or equal to 20%
Sample 1