Leverage Ratio Maintenance Sample Clauses

Leverage Ratio Maintenance. Seller shall fail to comply with the requirements of Subsection 11(y)(i) (Leverage Ratio).
Sample 1
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Leverage Ratio Maintenance. The Company shall not permit the -------------------------- Leverage Ratio at any time to be greater than 4.00:1.00.
Sample 1
Leverage Ratio Maintenance. The Company shall not permit the Leverage -------------------------- Ratio at any time to be greater than the applicable ratio set forth below opposite the period in which such time occurs: Period Ratio ------ --------- On or prior to March 31, 1999 3.50:1.00 From April 1, 1999 through March 31, 2000 3.25:1.00 Thereafter 3.00:1.00
Sample 1
Leverage Ratio Maintenance. The Company shall not permit the Leverage Ratio for each of the following fiscal periods to be greater than the applicable ratio set forth below opposite the fiscal period in which such date occurs. Fiscal Period Ending Maximum Ratio ------------- ------------- September 30, 1999 4.25 to 1.0 December 31, 1999 and the reafter 4.0 to 1.0
Sample 1

Related to Leverage Ratio Maintenance

  • 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.

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

  • 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.

  • Minimum Debt Service Coverage Ratio To maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 to 1.00 on a rolling four quarter basis.

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