Adjustment of Leverage Multiplier Sample Clauses

Adjustment of Leverage Multiplier. If at any time at which the Leverage Multiplier is less than 2.15, Borrower shall satisfy the Fixed Charge Coverage Test (which for purposes of this Section 9.2(c) shall be deemed satisfied only if, on the same day on which Borrower satisfies the Fixed Charge Coverage Test, Borrower is also in compliance with the Leverage Test), then the Leverage Multiplier, effective as of the fiscal quarter immediately following the fiscal quarter with respect to which Borrower shall have so satisfied the Fixed Charge Coverage Test, shall be increased as follows: (i) upon satisfaction of the Fixed Charge Coverage Test on a date on which the Leverage Multiplier is 1.90, the Leverage Multiplier for the next fiscal quarter shall be increased to 2.15; and (ii) upon satisfaction of the Fixed Charge Coverage Test on a date on which the Leverage Multiplier is less than 1.90, the Leverage Multiplier for the next fiscal quarter shall be increased by 0.10. In no event shall the Leverage Multiplier exceed 2.15.
Sample 1
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Adjustment of Leverage Multiplier. If at any time at which the Leverage Multiplier is less than 2.15, Borrower shall satisfy the Fixed Charge Coverage Test (i) upon satisfaction of the Fixed Charge Coverage Test on a date on which the Leverage Multiplier is 1.90, the Leverage Multiplier for the next fiscal quarter shall be increased to 2.15; and (ii) upon satisfaction of the Fixed Charge Coverage Test on a date on which the Leverage Multiplier is less than 1.90, the Leverage Multiplier for the next fiscal quarter shall be increased by 0.10. In no event shall the Leverage Multiplier exceed 2.15.
Sample 1

Related to Adjustment of Leverage Multiplier

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • Maximum Total Leverage Ratio The Borrower shall maintain, on the last day of each fiscal quarter set forth below, a Total Leverage Ratio of not more than the maximum ratio set forth below opposite such fiscal quarter: October 31, 2007, January 31, 2008, April 30, 2008, July 31, 2008, October 31, 2008 and January 31, 2009 4.7 to 1 April 30, 2009, July 31, 2009, October 31, 2009 and January 31, 2010 4.2 to 1 April 30, 2010 and each fiscal quarter thereafter 4.0 to 1

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Maximum Secured Leverage Ratio As of the last day of any fiscal quarter, the Secured Leverage Ratio to exceed forty percent (40%);

  • Total Leverage Ratio The Borrowers will not permit the Total Leverage Ratio on the last day of any fiscal quarter to exceed 3.75 to 1.00.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

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