Adjusted Leverage Ratio Sample Clauses
The Adjusted Leverage Ratio clause defines how a borrower's leverage is calculated for the purposes of a loan agreement, typically by modifying the standard leverage ratio to account for specific adjustments or exclusions. This may involve excluding certain non-cash charges, extraordinary items, or specific types of debt from the calculation, thereby providing a more tailored measure of the borrower's financial risk. The core function of this clause is to ensure that the leverage covenant accurately reflects the borrower's true financial position, preventing technical defaults due to accounting anomalies or one-time events.
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Adjusted Leverage Ratio. Borrower's Adjusted Leverage Ratio shall not be greater than 15:1.0.
Adjusted Leverage Ratio. As of the end of any fiscal quarter referenced in the table below, the Adjusted Leverage Ratio for the Reference Period then ended shall not exceed the ratio set forth opposite such fiscal quarter in such table: FQ4 2009 3.50:1.00 FQ1 2010 through FQ3 2011 3.75:1.00 FQ4 2011 through FQ2 2012 3.50:1.00 FQ3 2012 and each FQ thereafter 4.00:1.00 (d) The Credit Agreement is hereby amended by amending and restating Section 14.02 to read as follows:
Adjusted Leverage Ratio. The Borrower will not permit its Adjusted Leverage Ratio to be greater than 3.00 to 1.00 as of each fiscal quarter end.
Adjusted Leverage Ratio. The Adjusted Leverage Ratio, calculated as of the last day of each fiscal quarter occurring during the periods set forth below shall be less than or equal to the following: Closing Date through and including Fourth Quarter of 2012 6.00 to 1.00 First Quarter 2013 through and including the Fourth Quarter of 2013 5.50 to 1.00 First Quarter of 2014 and thereafter 5.00 to 1.00
Adjusted Leverage Ratio. The Borrower will not permit the ----------------------- Adjusted Leverage Ratio as of the last day of any Fiscal Quarter occurring during any period set forth below to be greater than the ratio set forth opposite such period: Period Adjusted Leverage Ratio ------ ----------------------- March 31, 2003 3.15:1 June 30, 2003 and thereafter 2.75:1
Adjusted Leverage Ratio. The Adjusted Leverage Ratio, calculated as of the last day of each fiscal quarter shall be less than or equal to 4.75 to 1.00.
Adjusted Leverage Ratio. The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, of (i) Consolidated Adjusted Funded Indebtedness to (ii) Consolidated EBITDAR for the then most-recently ended four (4) fiscal quarters (such ratio, the “Adjusted Leverage Ratio”) to be greater than 3.50 to 1.00.
Adjusted Leverage Ratio. The Borrower shall not permit the Adjusted Leverage Ratio to exceed at any time during each fiscal quarter of the Borrower ending during any period listed below, the ratio set forth opposite such period: Period Ratio ------ ----- Second A&R Closing Date through Jan. 31, 2000 5.00 to 1.00 Feb. 1, 2000 through May 22, 2000 4.80 to 1.00 May 23, 2000 through August 14, 2000 4.65 to 1.00 August 15, 2000 through January 29, 2001 4.00 to 1.00 Each fiscal year of the Borrower thereafter 3.75 to 1.00
Adjusted Leverage Ratio. The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below:
Adjusted Leverage Ratio. Not permit the Adjusted Leverage Ratio at the end of the fiscal quarters of the Borrower set forth below to exceed the correlative ratio indicated: Fourth Quarter 2001 4.50 to 1.0 First Quarter 2002 4.60 to 1.0 Second Quarter 2002 4.80 to 1.0 Third Quarter 2002 4.75 to 1.0 Fourth Quarter 2002 4.70 to 1.0 First Quarter 2003 4.50 to 1.0 Second Quarter 2003 4.50 to 1.0 Third Quarter 2003 4.50 to 1.0 Fourth Quarter 2003 4.25 to 1.0 First Quarter 2004 4.25 to 1.0 Second Quarter 2004 4.25 to 1.0 Third Quarter 2004 4.25 to 1.0