Debt Yield Test Sample Clauses

Debt Yield Test. For purposes of determining whether a Senior Mezzanine Debt Yield Trigger has occurred, and thereafter whether a Senior Mezzanine Debt Yield Cure has occurred, (A) Lender shall calculate Senior Mezzanine Debt Yield as of the last day of each calendar quarter (each, a “Debt Yield Test Date”) during the term of the Loan; and (B) Lender shall use the financial reports relating to such period provided by Borrower pursuant to Section 5.11. The first Debt Yield Test Date shall be June 30, 2012.
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Related to Debt Yield Test

  • 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 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.

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

  • 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.