Borrower’s Maximum Leverage. The Borrower shall not, as of the last day of any fiscal quarter, permit (a) the Total Debt (after giving effect to any Loans outstanding hereunder) of the Borrower and its Subsidiaries on a consolidated basis to be greater than (b) (i) thirty-five percent (35%) of (ii) Total Capitalization of the Borrower (such ratio, the “Leverage Ratio”).
Appears in 5 contracts
Samples: Term Loan Credit Agreement (KEMPER Corp), Credit Agreement (KEMPER Corp), Credit Agreement (KEMPER Corp)
Borrower’s Maximum Leverage. The Borrower shall not, as of the last day of any fiscal quarter, permit (a) the Total Debt (after giving effect to any Loans Advances outstanding hereunder) of the Borrower and its Subsidiaries on a consolidated basis to be greater than (b) (i) thirty-five forty percent (3540%) of (ii) Total Capitalization of the Borrower (such ratio, the “Leverage Ratio”)Borrower.
Appears in 2 contracts
Samples: Credit Agreement (Unitrin Inc), Exhibits and Schedules (Unitrin Inc)
