Leverage Ratio of the Borrower. As of each Quarterly Testing Date, commencing March 31, 2017, the Leverage Ratio of the Borrower will not exceed (i) 6.0 to 1.0 at any time other than during a Specified Acquisition Period and (ii) 7.0 to 1.0 during a Specified Acquisition Period.
Appears in 2 contracts
Samples: Credit Agreement (Energy Transfer Equity, L.P.), Senior Secured Term Loan Agreement (Energy Transfer Equity, L.P.)
Leverage Ratio of the Borrower. As of each Quarterly Testing Date, commencing March 31, 20172015, the Leverage Ratio of the Borrower will not exceed (i) 6.0 to 1.0 at any time other than during a Specified Acquisition Period and (ii) 7.0 to 1.0 during a Specified Acquisition Period.
Appears in 2 contracts
Samples: Senior Secured Term Loan C Agreement, Senior Secured Term Loan C Agreement (Energy Transfer Equity, L.P.)
Leverage Ratio of the Borrower. As of each Quarterly Testing Date, commencing March December 31, 20172013, the Leverage Ratio of the Borrower will not exceed (i) 6.0 to 1.0 at any time other than during a Specified Acquisition Period and (ii) 7.0 to 1.0 during a Specified Acquisition Period.
Appears in 1 contract
Samples: Senior Secured Term Loan Agreement (Energy Transfer Equity, L.P.)
Leverage Ratio of the Borrower. (i) As of each Quarterly Testing Date, commencing March December 31, 20172013, the Leverage Ratio of the Borrower will not exceed (iA) 6.0 to 1.0 at any time other than during a Specified Acquisition Period and (iiB) 7.0 to 1.0 during a Specified Acquisition Period.
Appears in 1 contract
