Maximum Total Leverage Ratio definition

Maximum Total Leverage Ratio means 3.75:1.00; provided that (a) for the two consecutive fiscal quarters ended immediately following the consummation of any Qualified Acquisition (including the fiscal quarter in which such Qualified Acquisition occurs), the Maximum Total Leverage Ratio shall be 4.75:1.00; (b) for the fiscal quarter ended immediately after such two fiscal quarters referred to in clause (a), the Maximum Total Leverage Ratio shall be 4.50:1.00; (c) for the fiscal quarter ended immediately after the fiscal quarter referred to in clause (b), the Maximum Total Leverage Ratio shall be 4.25:1.00 and (d) for the fiscal quarter ended immediately after the fiscal quarter referred to in clause (c), the Maximum Total Leverage Ratio shall be 4.00:1.00.

Maximum Total Leverage Ratio means, for any Computation Period, the ratio of (a) the total Debt outstanding less the amount of Unrestricted Cash that is Excess Cash, in each case as of the last date of such Computation Period to (b) the total for such Computation Period of EBITDA.

Maximum Total Leverage Ratio has the meaning assigned to such term in Section 6.11(a)(ii).

Examples of Maximum Total Leverage Ratio in a sentence

• Second, Ragunath’s initial position in his statements was that the only purpose of travelling to Blk 299B was to deliver the Bundle, and that Hari had promised to pay him $100 for making the delivery.

• Section 6.11(a) of the Credit Agreement is amended in its entirety as follows:(a) Maximum Total Leverage Ratio.

• In addition, under the Third Amendment, the Maximum Total Leverage Ratio decreases to 4.50 to 1.00 as of September 30, 2016 and December 31, 2016, 3.25 to 1.00 as of March 31, 2017 and 3.00 to 1.00 as of June 30, 2017 and thereafter.

• Section 6.07(a) of the Credit Agreement is hereby restated in its entirety as follows: (a) Maximum Total Leverage Ratio.

• Maximum Total Leverage Ratio to be set a level providing a 15% cushion to the Borrowers’ projected business plan (with such ratio to be defined as the ratio of (i) total secured debt owed to the holders of Allowed Class 2, Class 3, and Class 4 Claims as of the date of determination to (ii) EBITDA for the most recently ended four (4) fiscal quarter period), as determined in accordance with GAAP, to be tested as of the last day of each fiscal quarter.

More Definitions of Maximum Total Leverage Ratio

Maximum Total Leverage Ratio means sixty percent (60.0%); provided that the Borrower shall have the option, exercisable no more than three (3) times during the term of this Agreement, to elect that the Maximum Total Leverage Ratio may exceed sixty percent (60%) (but in no event, greater than sixty-five percent (65%)) for any fiscal quarter in which the Borrower or any of its Subsidiaries completes a Material Acquisition and the two immediately succeeding fiscal quarters so long as the Borrower has delivered a written notice to the Administrative Agent that the Borrower is exercising its option under this proviso.

Maximum Total Leverage Ratio. Total Net Debt to Consolidated EBITDA Total Net Debt for the four quarter period ended [ ], 20[ ] ________________ Consolidated EBITDA ________________ Calculation of Consolidated EBITDA: Consolidated Net Income for such period,

Maximum Total Leverage Ratio has the meaning given that term in Section 10.1(a).

Maximum Total Leverage Ratio means (i) 3.50 to 1.00 for each fiscal quarter ending prior to the Special Dividend Election Period, (ii) 4.00 to 1.00 for each of the four fiscal quarters ending during the Special Dividend Election Period and (iii) 3.50 to 1.00 for each fiscal quarter ending after the Special Dividend Election Period (provided that, for any such fiscal quarter ending during the Collateral Period, the Maximum Total Leverage Ratio shall be 4.00 to 1.00).

Maximum Total Leverage Ratio means a ratio of Borrower's (x) Funded Debt as of the last day of such fiscal quarter during the term hereof to (y) its trailing twelve month EBITDA.

Maximum Total Leverage Ratio. As of any fiscal quarter end, permit the ratio (the "Total Leverage Ratio") of (a) the sum of (i) Debt less (ii) the outstanding amount of all Performance Based Letters of Credit, in each case as of such date to (b) EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date to be greater than the corresponding ratio set forth in Table A below; provided, however, that if the Borrower consummates an equity issuance in a minimum amount of $40,000,000 (a "Qualifying Equity Issuance"), the ratios set forth in Table B shall apply. For purposes of calculating the Total Leverage Ratio, any prepayment of Debt with the proceeds of a Qualifying Equity Issuance occurring within five (5) Business Days following any fiscal quarter end shall be deemed to have been made as of the last day of such fiscal quarter. TABLE A Period Ratio ------ ----- Fiscal quarter ending 3.50 to 1.00 12/31/01 Fiscal quarters ending 3.25 to 1.00 3/31/02 and 6/30/02 Fiscal quarters ending 3.00 to 1.00 9/30/02 and 12/31/02 Fiscal quarters ending 2.75 to 1.00 3/31/03, 6/30/03, 9/30/03 and 12/31/03 Fiscal quarters ending 2.50 to 1.00 3/31/04 and thereafter TABLE B Period Ratio ------ ----- Fiscal quarter end 12/31/01 3.00 to 1.00 Fiscal quarters ending 2.75 to 1.00 3/31/02 and 6/30/02 Fiscal quarters ending 2.50 to 1.00 9/30/02 and thereafter

Maximum Total Leverage Ratio. Maintain at all times a Leverage Ratio of not more than 60%.