Amendment to Leverage Ratio Clause Samples
The Amendment to Leverage Ratio clause modifies the terms under which a borrower's leverage ratio is calculated or maintained within a financial agreement. Typically, this clause outlines specific changes to the ratio's calculation method, the thresholds that must be met, or the time periods during which the amended ratio applies. For example, it may temporarily relax the required leverage ratio to accommodate a borrower's financial restructuring or acquisition. The core function of this clause is to provide flexibility for borrowers and lenders to adjust financial covenants in response to changing circumstances, thereby helping to prevent technical defaults and maintain the stability of the lending relationship.
Amendment to Leverage Ratio. The first paragraph of Section 5.09 is amended to read in its entirety as follows:
Amendment to Leverage Ratio. Section 6.13 of the Loan Agreement is amended to read in full as follows:
Amendment to Leverage Ratio. Section 6.6 of the Loan Agree- ment is hereby amended to read in full as follows:
Amendment to Leverage Ratio. Section 5.10 of the Credit Agreement is hereby amended to read in full as follows:
Amendment to Leverage Ratio. As of the First Amendment Effective Date, Section 5.1.15 of the Credit Agreement is amended and restated in its entirety as follows:
Amendment to Leverage Ratio. Section 5.01 (i) of the Credit Agreement is hereby amended by deleting the figures shown with strike-over lines and replacing such figures with the figures indicated in boldface type and underscored, to read in its entirety as follows:
Amendment to Leverage Ratio. Effective as of the Effective Date, Section 11.3 of the Loan Agreement is hereby amended in its entirety to read as follows:
Amendment to Leverage Ratio. Section 5.9(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: