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 Margin and shall advise the Borrower in writing, within 10 Business Days of each Margin Calculation Date, of the Margin which will apply for the 6 month period commencing on the relevant Margin Calculation Date Provided that in respect of each Margin Calculation Date other than the first Margin Calculation Date, the Lender shall only be obliged to advise the Borrowers of the Margin which will apply for the Interest Period commencing on the relevant Margin Calculation Date if that Margin will be different to the Margin which applies immediately prior to the relevant 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 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 (a) no Event of Default or Potential Event of Default having occurred and continuing at the relevant time: and (b) the Borrowers not being obliged at any relevant time to provide additional security or prepay part of the Loan under Clause 14.1 if the ratio set out in Clause 14.1 were applied at that time.
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Related to Calculation of Leverage Ratio

  • 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.

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

  • 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.

  • 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.

  • 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.

  • Coverage Ratio The Parent 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 EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.

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

  • 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

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