Maintenance of Leverage Clause Samples
Maintenance of Leverage. Seller shall not, as of the end of each calendar month, permit the ratio of the Seller’s consolidated Indebtedness to consolidated Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio.
Maintenance of Leverage. Seller shall not permit the ratio of its Indebtedness (excluding non-recourse Indebtedness) to Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio at any time.
Maintenance of Leverage. Guarantor shall not permit the ratio of its Indebtedness to Adjusted Tangible Net Worth to be greater than 5:1 at any time.
Maintenance of Leverage. Guarantor shall not, as of the end of each calendar month, permit the ratio of the Guarantor’s consolidated Indebtedness to consolidated Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio.