Maximum Consolidated Leverage Ratio definition

Maximum Consolidated Leverage Ratio has the meaning specified in Section 7.11(a).
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Maximum Consolidated Leverage Ratio means, as of any date, the ratio of (a) all Indebtedness of the Companies, on a consolidated basis as of such date, to (b) Total Asset Value as of such date.
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Maximum Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending on any date set forth below, the Consolidated Leverage Ratio set forth below opposite such period: Four Fiscal Quarter Period Ending Consolidated Leverage Ratio October 30, 2011 5.00:1.00 January 29, 2012 4.75:1.00 April 29, 2012 4.50:1.00 Four Fiscal Quarter Period Ending Consolidated Leverage Ratio July 29, 2012 4.25:1.00 October 28, 2012 4.00:1.00 January 27, 2013 3.875:1.00 April 28, 2013 3.75:1.00 July 28, 2013 3.625:1.00 November 3, 2013 and each fiscal quarter end date thereafter 3.50:1.00
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Examples of Maximum Consolidated Leverage Ratio in a sentence

  • Borrower hereby agrees to the following amendments to the financial covenants of the Credit Agreement: (a) Paragraph 9.12(a) of the Credit Agreement is hereby deleted and replaced with the following: Maximum Consolidated Leverage Ratio.

  • If, as of the last day of any fiscal quarter falling on or after January 15, 2016, the East Condition is not satisfied, permit the Additional Unencumbered Liquid Asset Ratio as of any such date to be less than 1.0:1.0. (iv) Maximum Consolidated Leverage Ratio.

  • In consideration of the terms and conditions of this Agreement, the Lenders hereby waive Borrower's compliance with the Maximum Consolidated Leverage Ratio, Minimum Fixed Charge Coverage and Minimum Interest Coverage financial covenants set forth in Section 9.12 of the Credit Agreement for the periods ending December 31, 2002, and March 31, 2003.


More Definitions of Maximum Consolidated Leverage Ratio

Maximum Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio to be more than 1.50:1.00, at any time.
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Maximum Consolidated Leverage Ratio for any fiscal quarter shall be the ratio specified below for such fiscal quarter:
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Maximum Consolidated Leverage Ratio has the meaning assigned to that term in Section 6.6.
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Maximum Consolidated Leverage Ratio. (a) from the Closing Date until the date the first election is made by the Borrower pursuant to clause (a)(ii) of the definition of “Sub-Limit” in this Section 1.1, 7.00:1.00, and (b) thereafter, at any time that the Maximum Sub-Limit is an amount specified in the table in clause (a)(ii) of the definition of “Sub-Limit”, the amount set forth opposite such Maximum Sub-Limit in such table under the heading “Maximum Consolidated Leverage Ratio”.
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Maximum Consolidated Leverage Ratio means, in relation to the Consolidated Leverage Ratio calculated for the four-fiscal-quarter-period ending as of each date referenced below, the corresponding ratio indicated below: Four Fiscal Quarter Period Ending Maximum Consolidated Leverage Ratio the Closing Date, December 31, 2008, March 31, 2009, June 30, 2009 and September 30, 2009 3.75:1.00 December 31, 2009, March 31, 2010, June 30, 2010 and September 30, 2010 3.50:1.00 December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011 3.00:1.00 Four Fiscal Quarter Period Ending Maximum Consolidated Leverage Ratio December 31, 2011, March 31, 2011, June 30, 2012 and September 30, 2012 2.75:1.00 December 31, 2012, and the last day of each fiscal quarter thereafter 2.50:1.00
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Maximum Consolidated Leverage Ratio. Company shall not permit the Consolidated Leverage Ratio as of the last day of the most recently ended Fiscal Quarter to exceed 3.25:1.00, in each case whether calculated on an Annualized Basis or an LTM Basis.”
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Maximum Consolidated Leverage Ratio. For the Quarter ended , (“Statement Date”)
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