Closing Leverage Ratio Sample Clauses

Closing Leverage Ratio. The Arrangers will be reasonably satisfied that the ratio of (A) Consolidated Total Indebtedness as of the Closing Date (calculated on a Pro Forma Basis after giving effect to the Transactions) to (B) Consolidated EBITDA for the last eight (8) fiscal quarters most recently ended prior to the Closing Date for which financial statements are available (calculated on a Pro Forma Basis after giving effect to the Transactions) divided by two (2) will not exceed 3.50 to 1.00 (the “Closing Leverage Ratio”).
Sample 1
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Closing Leverage Ratio. The Administrative Agent will be reasonably satisfied that the Consolidated Total Leverage Ratio as of the most recently ended fiscal quarter prior to the Closing Date for which financial statements are available (calculated on a pro forma basis after giving effect to the Transactions) will not exceed 3.50 to 1.00. (v)
Sample 1
Closing Leverage Ratio. The Administrative Agent shall be reasonably satisfied that the (i) Consolidated Total Leverage Ratio of the Borrower and its Subsidiaries calculated on a Pro Forma Basis after giving effect to the Transactions for the four-quarter period most recently ended prior to the Closing Date for which financial statements are available will not exceed 3.25 to 1.00 and (ii) EBITDA for the four-quarter period ended December 31, 2012 (calculated in the same manner as in the Borrower’s draft annual report on Form 10-K for Fiscal Year ended December 31, 2012) shall not be less than $60,000,000.
Sample 1
Closing Leverage Ratio. Such Purchaser will be reasonably satisfied that on the Date of Closing and after giving effect to the issue and sale of the Notes and the Transactions, the Consolidated Leverage Ratio will not exceed 3.20 to 1.00 (the “Closing Leverage Ratio”).
Sample 1
Closing Leverage Ratio. The Administrative Agent shall be reasonably satisfied that the Consolidated Total Leverage Ratio of the Borrower and its Subsidiaries as of the Closing Date, calculated on a pro forma basis (to include the Consolidated Total Indebtedness of the Borrower and its Subsidiaries which is outstanding as of the Closing Date after giving effect to the advance of Loans, if any, to be made on the Closing Date), will not exceed 4.50 to 1.00 (the “Closing Leverage Ratio”).
Sample 1
Closing Leverage Ratio. On the Effective Date, the Borrower shall certify to the Administrative Agent that the Borrower's Leverage Ratio for the twelve month period ended October 26, 2002, pro forma, after giving effect to the Loans, did not exceed 4.60:1.00.
Sample 1
Closing Leverage Ratio. The Borrower's Closing Leverage Ratio shall be not greater than 3.00 to 1.0 on the Second Closing Date. For the purposes of this Section,
Sample 1
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Related to Closing Leverage Ratio

  • 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.

  • 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.

  • 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

  • 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.

  • First Lien Leverage Ratio On the last day of any Test Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.15 shall not apply until the last day of the first full Fiscal Quarter ending after the Closing Date), the Borrowers shall not permit the First Lien Leverage Ratio to be greater than 7.75:1.00.

  • 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.

  • 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 Senior Leverage Ratio Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of not more than the following:

  • 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.

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