Calculation of Leverage Ratio Sample Clauses

Calculation of Leverage Ratio. The Agent shall calculate the Leverage Ratio Percentage on the first Drawdown Date and on each Dividend Declaration Date thereafter based on the information contained in the latest Compliance Certificate (and evidenced by an accompanying set of market valuations of all the Fleet Vessels prepared in accordance with Clause 15.4 and the latest Applicable Accounts) for the purposes of calculating the Margin and shall advise the Borrower and the Lenders in writing, within 10 Business Days of each Dividend Declaration Date, of the Margin which will apply for the next Interest Period Provided that in respect of each Dividend Declaration Date other than the first Dividend Declaration Date, the Agent shall only be obliged to advise the Borrowers and the Lenders of the Margin which will apply for the next Interest Period if that Margin will be different to the Margin which applies immediately prior to the relevant Dividend Declaration Date. For the purposes of calculating the Leverage Ratio pursuant to this Clause 5.14, the Market Value of the Ships shall be determined no more than 15 days prior to the relevant Dividend Declaration Date.
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Calculation of Leverage Ratio. The Lender shall calculate the Leverage Ratio on the Drawdown Date and on each Compliance Date thereafter (each a “Margin Calculation Date”) based on the recent Accounting Information for the purposes of calculating the applicable Margin and shall advise the Borrowers in writing, within 10 Business Days of each applicable Margin Calculation Date, of the applicable Margin which will apply for the 6 month period commencing on the relevant applicable Margin Calculation Date Provided that in respect of each applicable Margin Calculation Date other than the first applicable Margin Calculation Date, the Lender shall only be obliged to advise the Borrowers of the applicable Margin which will apply for the Interest Period commencing on the relevant applicable Margin Calculation Date if that applicable Margin will be different to the applicable Margin which applies immediately prior to the relevant applicable Margin Calculation Date. For the purposes of calculating the Leverage Ratio pursuant to this Clause 4.12, the Market Value of the Ships shall be determined no more than 30 days prior to the relevant applicable Margin Calculation Date.
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Calculation of Leverage Ratio for Fiscal Quarter Ending June 30, 1999. It is agreed that for the purposes of calculating the Leverage Ratio as of June 30, 1999 only, the definition of Leverage Ratio shall be as follows (deleting the requirement, in respect of that Fiscal Quarter only, that the numerator be the average of Total Debt as of the last day of each of the three calendar months comprising the Fiscal Quarter then ending):
Sample 1
Calculation of Leverage Ratio. Average of the sum of the aggregate balance of outstanding Revolving Loans and Swing Loans as of the last day of each month in the twelve month (or shorter period commencing on the Closing Date) period ended on the date of measurement Plus: L/C Reimbursement Obligations as of date of measurement, whether or not then due and payable
Sample 1
Calculation of Leverage Ratio. The Lender shall calculate the Leverage Ratio on the Drawdown Date and on each Compliance Date thereafter (each a “Margin Calculation Date”) based on the recent Accounting Information for the purposes of calculating the applicable Margin and shall advise the Borrowers in writing within 10 Business Days of each applicable Margin Calculation Date, of the applicable Margin which will apply for The 6 month period commencing on the relevant applicable Margin Calculation Date Provided that in respect of each applicable Margin Caculation Date other than the first applicable Margin Calculation Date, the Lender shall only be obliged to advise the Borrowers of the applicable Margin which will apply for the Interest Period commencing on the relevant applicable Margin Calculation Date if that applicable Margin will be
Sample 1

Related to Calculation of Leverage Ratio

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 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: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00

  • 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 The Borrower will not permit the Total Net Leverage Ratio as of the end of any Fiscal Quarter to exceed 3.50 to 1.00.

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Total Leverage Ratio The Company will not permit the Leverage Ratio as of the last day of any fiscal quarter ending during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio October 1, 2002 through and including December 31, 2002 6.85 to 1.00 January 1, 2003 through and including March 31, 2003 7.50 to 1.00 April 1, 2003 through and including September 30, 2003 7.75 to 1.00 October 1, 2003 through and including December 31, 2003 7.25 to 1.00 January 1, 2004 through and including December 31, 2004 6.50 to 1.00 January 1, 2005 and thereafter 4.00 to 1.00

  • Leverage Ratios Notwithstanding anything to the contrary contained herein, for purposes of calculating any leverage ratio herein in connection with the incurrence of any Indebtedness, (a) there shall be no netting of the cash proceeds proposed to be received in connection with the incurrence of such Indebtedness and (b) to the extent the Indebtedness to be incurred is revolving Indebtedness, such incurred revolving Indebtedness (or if applicable, the portion (and only such portion) of the increased commitments thereunder) shall be treated as fully drawn.

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

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