Leverage Test. Borrower shall not permit the Leverage Ratio, determined as of the last day of each fiscal quarter of the Borrower, to exceed the then applicable Permitted Leverage Ratio (the “Leverage Test”).
Appears in 5 contracts
Samples: Credit Agreement (M.D.C. Holdings, Inc.), Credit Agreement (M.D.C. Holdings, Inc.), Credit Agreement (M.D.C. Holdings, Inc.)
Leverage Test. The Borrower shall not permit the Leverage Ratio, determined Ratio (monitored and tested quarterly as of the last day of each fiscal quarter of the Borrower, quarter) to exceed the then applicable Permitted Leverage Ratio 55% (the “Leverage Test”).
Appears in 5 contracts
Samples: Modification Agreement (Tri Pointe Homes, Inc.), Modification Agreement (Tri Pointe Homes, Inc.), Credit Agreement (TRI Pointe Group, Inc.)
Leverage Test. Borrower shall not permit the Leverage Ratio, determined Ratio (monitored and tested quarterly as of the last day of each fiscal quarter of the Borrower, quarter) to exceed the then applicable Permitted Leverage Ratio sixty-five percent (65%) (the “Leverage Test”).
Appears in 3 contracts
Samples: Modification Agreement (New Home Co Inc.), Modification Agreement (New Home Co Inc.), Credit Agreement (New Home Co Inc.)
Leverage Test. The Borrower shall not permit the Leverage Ratio, determined Ratio (monitored and tested quarterly as of the last day of each fiscal quarter of the Borrower, quarter) to exceed the then applicable Permitted Leverage Ratio 60% (the “Leverage Test”).
Appears in 2 contracts
Samples: Modification Agreement (Tri Pointe Homes, Inc.), Modification Agreement (Tri Pointe Homes, Inc.)
Leverage Test. Borrower shall not permit the Leverage Ratio, determined Ratio (monitored and tested quarterly as of the last day of each fiscal quarter of the Borrower, quarter) to exceed the then applicable Permitted Leverage Ratio sixty percent (60%) (the “Leverage Test”).
Appears in 1 contract
Leverage Test. The Borrower shall not permit the Leverage Ratio, determined Ratio (monitored and tested quarterly as of the last day of each fiscal quarter of the Borrower, quarter) to exceed the then applicable Permitted Leverage Ratio sixty percent (60%) (the “Leverage Test”).
Appears in 1 contract
Samples: Credit Agreement (New Home Co Inc.)
