Certain Covenants Contingent Upon Leverage Ratio Sample Clauses

Certain Covenants Contingent Upon Leverage Ratio. During each Restricted Period, Borrower shall not, and shall not permit its Restricted Subsidiaries to: (a) Make or declare any Distribution consisting of a dividend in Cash or Cash Equivalents to Borrower's shareholders; (b) Make or commit to make any Restricted Expenditure which: (i) to the extent that the Trigger Date occurs prior to December 31, 2002, and when aggregated with all other Restricted Expenditures made or committed to be made during the period between the Trigger Date and December 31, 2002, would exceed the sum of (x) $550,000,000 plus (y) the net cash proceeds to Borrower (after transactional expenses) from the issuance of equity securities during the period between December 1, 2001 and the date of the Restricted Expenditure; or (ii) in any event, when aggregated with all other Restricted Expenditures made or committed to be made during such period, would exceed, during the four consecutive Fiscal Quarter period commencing immediately following the Trigger Date, the sum of:
Sample 1
Certain Covenants Contingent Upon Leverage Ratio. If, as of the last day of any fiscal quarter of Borrower (a "Test Date"), the Leverage Ratio exceeds (a) 5.00:1.00 as of any Test Date occurring on or before March 31, 2002, or (b) 4.75:1.00 as of any Test Date occurring after March 31, 2002 then, from and after such Test Date and until the Leverage Ratio is reduced as of any subsequent Test Date to the applicable ratio described above in this Section, Borrower shall not, and shall not permit its Subsidiaries to: (a) Make or declare any Distribution which would result in the aggregate amount of the Distributions made during the twelve month period ending on the record date for such Distribution being in excess of $35,000,000 minus the aggregate amount of Project Capital Expenditures made pursuant to Section 5.11(b)(y); (b) Make any Project Capital Expenditure following the Test Date which would result in the aggregate Project Capital Expenditures made during the period between the Test Date and December 31, 2002 (the "Test Period") being in excess, or commit following the Test Date to make any Project Capital Expenditure during the Test Period which, if made, would result in the aggregate Project Capital Expenditures made during the Test Period being in excess of, the sum of (x) $125,000,000 plus (y) the difference between (i)$35,000,000 and (ii) the aggregate amount of Distributions made pursuant to Section 5.11(a); (c) Make any Redemption or prepay, repurchase, redeem, retire or acquire, prior to the date when due, any Debt for borrowed money, other than (x) repayments of revolving credit facilities and (y) refinancings of outstanding Debt for borrowed money using the proceeds of Debt (other than revolving loans); or (d) Make any Investment in the equity securities or debt securities of any person or entity which is not a Subsidiary of Borrower which are, when aggregated with all other such Investments made following the Test Date, in excess of $25,000,000."
Sample 1
Certain Covenants Contingent Upon Leverage Ratio. If, as of the last day of any fiscal quarter of Borrower (a "Test Date"), the Leverage Ratio exceeds 4.75:1.00, from and after such Test Date and until the last day of a fiscal quarter of Borrower upon which the Leverage Ratio is reduced to 4.75:1.00), Borrower shall not, and shall not permit its Subsidiaries to: (a) Make or declare any Distribution which would result in the aggregate amount of the Distributions made during the twelve month period ending on the record date for such Distribution being in excess of $35,000,000; (b) Make any Redemption or prepay, repurchase, redeem, retire or acquire, prior to the date when due, any Debt for borrowed money, other than (x) repayments of revolving credit facilities and (y) refinancings of outstanding Debt for borrowed money using the proceeds of Debt (other than revolving loans); or (c) Make any Investment in the equity securities or debt securities of any person or entity which is not a Subsidiary of Borrower which are, when aggregated with all other such Investments made following the Test Date, in excess of $25,000,000. ARTICLE VI
Sample 1

Related to Certain Covenants Contingent Upon Leverage Ratio

  • 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 PERIOD RATIO ------ ----- September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • 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.

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

  • Consolidated Senior Secured Leverage Ratio Upon and after the consummation of a Qualified Notes Offering, permit the Consolidated Senior Secured Leverage Ratio as of the end of any fiscal quarter of the US Borrower (beginning with the fiscal quarter ended September 30, 2018) to be greater than (A) during a Specified Acquisition Period, 4.00 to 1.00, and (B) at all other times, 3.50 to 1.00.

  • Senior Secured Leverage Ratio The Borrowers shall not at any time permit the Senior Secured Leverage Ratio, calculated as of the end of each fiscal quarter, to exceed the maximum ratio set forth below for such fiscal quarter;

  • Cash Flow Coverage Ratio The ratio of (a) the Company’s Cash Flow to (b) the sum of (i) the Company’s consolidated Interest Expense plus (ii) the Company’s scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Maximum Leverage Ratio The Borrower shall not permit its Leverage Ratio to be greater than 2.75 to 1.00 as at the end of each fiscal quarter.

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

  • 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.

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.