Balance Sheet Leverage Ratio. Borrower shall not suffer or permit at any time the Balance Sheet Leverage Ratio to exceed 0.55 to 1.00.
Balance Sheet Leverage Ratio. The ratio of (a) Funded Debt to (b) the sum of (i) the excess of Consolidated Total Assets over Consolidated Total Liabilities plus (ii) Funded Debt shall not exceed 0.55:1 at any time.
Balance Sheet Leverage Ratio. Cause to be maintained at all times a Balance Sheet Leverage Ratio of not more than 1.00 to 1.00, tested quarterly on a consolidated basis.
Balance Sheet Leverage Ratio. Borrowers shall maintain, as of the last day of each fiscal quarter following the date of this Agreement through and including the date of termination of this Agreement, a Balance Sheet Leverage Ratio of not more than 2.75:1.0.
Balance Sheet Leverage Ratio. Cause to be maintained, a Balance Sheet Leverage Ratio tested quarterly (as of the last day of each fiscal quarter) on a consolidated basis of not more than (i) 1.00 to 1.00 through and including March 31, 2012 and (ii) 1.25 to 1.00 at all times thereafter.
Balance Sheet Leverage Ratio. Borrower shall not suffer or permit at any time the Balance Sheet Leverage Ratio to exceed 0.60 to 1.00. Notwithstanding anything contained in this Section 5.7 to the contrary, in the event any Material Indebtedness Agreement of Borrower evidencing Indebtedness in an original principal amount of $5,000,000 or more contains a Leverage Ratio, Balance Sheet Leverage Ratio or other financial covenant more restrictive than contained in this Section 5.7 (a “More Restrictive Covenant”), this Agreement shall be deemed to have been amended to include such More Restrictive Covenant (including any amendments thereto that are more restrictive than the initial More Restrictive Covenant) in place of or in addition to the covenants contained herein as of the date such More Restrictive Covenant first became binding on Borrower; provided, however, that so long as no Default or Event of Default shall have occurred and be continuing (i) upon (x) the satisfaction of all Indebtedness evidenced by or incurred pursuant to any such Material Indebtedness Agreement and (y) effective upon the delivery of a Compliance Certificate in accordance with Section 5.3(c) for the period in which such Indebtedness has been satisfied in full, reflecting compliance with such More Restrictive Covenant during such period, any such covenant so incorporated herein shall be deemed deleted and the provisions hereof shall thereupon be those in effect prior to the date such More Restrictive Covenant first became binding on Borrower, (ii) upon (x) the amendment of any More Restrictive Covenant by the holder of such Indebtedness in a manner that is less restrictive, but remains more restrictive than contained in this Section 5.7 as of the date immediately prior to the date such More Restrictive Covenant became effective hereunder (an “Amended More Restrictive Covenant”) and (y) effective upon the delivery of a Compliance Certificate in accordance with Section 5.3(c) for the period in which such Amended More Restrictive Covenant is to become binding on Borrower, reflecting compliance with such More Restrictive Covenant during such period, this Agreement shall be deemed to include such Amended More Restrictive Covenant and the More Restrictive Covenant amended by such Amended Restrictive Covenant shall be deemed deleted, and (iii) upon (x) the amendment of any More Restrictive Covenant or Amended More Restrictive Covenant in a manner that is less restrictive than contained in this Section 5.7 and (y) effect...
Balance Sheet Leverage Ratio. Not permit the Balance Sheet Leverage Ratio as of the last day of any Computation Period to exceed 1.00 to 1.00.
Balance Sheet Leverage Ratio. The Borrower’s Balance Sheet Leverage Ratio shall not be greater than 1.75 to 1.0 as of each December 31, March 31, June 30, and September 30 through the term of this Agreement.
Balance Sheet Leverage Ratio. The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters for the then most-recently ended four fiscal quarters of (i) Consolidated Total Liabilities to (ii) Consolidated Tangible Net Worth as of the end of such period, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be greater than 1.75 to 1.0.
Balance Sheet Leverage Ratio. Permit the Balance Sheet Leverage Ratio as of the end of any Fiscal Quarter to be greater than 1.50 to 1.00.
