Leverage Covenant Sample Clauses
A Leverage Covenant is a contractual provision that sets limits on the amount of debt a borrower can incur relative to a financial metric, typically earnings or equity. In practice, this clause often requires the borrower to maintain a specified ratio, such as debt-to-EBITDA, and may require regular reporting to demonstrate compliance. The core function of a Leverage Covenant is to protect lenders by ensuring the borrower does not take on excessive debt, thereby reducing the risk of default and maintaining the financial stability of the borrower.
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Leverage Covenant. The Borrower will not, and will not permit any of its Subsidiaries to, permit the ratio of (i) Consolidated Total Debt as of the last day of any fiscal quarter, or as of the date of any Credit Event (after giving effect thereto), to (ii) Consolidated EBITDA for the last four fiscal quarters ending on or before such date to be greater than 2.25:1.
Leverage Covenant. The Borrower will not, and will not permit any of its Subsidiaries to, permit the ratio of Consolidated Total Debt to Consolidated EBITDA at any time to be greater than 2.5.
Leverage Covenant. The Borrower shall not permit the Leverage Ratio, determined as of the last day of each fiscal quarter of the Borrower, to exceed 60% (the “Leverage Covenant”).
Leverage Covenant. At all times during the term of this Lease, the ratio of Tenant’s total liabilities (minus deferred gain on sale of communities) to Tenant’s total assets, in each case determined in conformity with generally accepted accounting principles, consistently applied, shall not be equal to or greater than 1.6 to 1.
Leverage Covenant. As of the last day of each fiscal quarter of the Borrower (beginning with the fiscal quarter ending September 30, 2007), the Leverage Ratio shall be less than or equal to the then applicable Permitted Leverage Ratio (the “Leverage Covenant”).
Leverage Covenant. In accordance with Section 23.1 of the Loan Agreement, the Leverage Covenant set forth in Section 10.14 of the Loan Agreement is hereby amended by deleting the portion of Exhibit 1.1A labeled “Total Debt/Consolidated EBITDA Ratio” in its entirety and replacing it with the language included in Annex H attached hereto.
Leverage Covenant. At all times on and after the Restructuring Date, if any Revolving Loans are outstanding as of the last day of any fiscal quarter of the Borrower, the Borrower will not permit the Leverage Ratio as of such day to exceed 4.5 to 1.0.
Leverage Covenant. The Borrowers shall not permit the Debt to Tangible Assets Ratio of the Borrowers to be greater than the following ratios as of the following points in time: Period Ratio ------ ----- At any time after October 31, 1996 1.25 through and including May 31, 1998 At any time after June 1, 1998 1.20
Leverage Covenant. At all times during the term of this Lease, the ratio of Guarantor’s total liabilities (minus deferred gain on sale of communities) to Guarantor’s total assets, in each case determined in conformity with generally accepted accounting principles, consistently applied, shall not be equal to or greater than 1.6 to 1. 1 As adjusted annually for increases in the CPI since the commencement of the tenth (10th) Lease Year.
Leverage Covenant. Section 10.6.3 of the Credit Agreement is amended by inserting the word "Adjusted" before the words "Leverage Ratio" therein.