Maximum Recourse Leverage Sample Clauses
Maximum Recourse Leverage. The ratio of Total Recourse Funded Debt to Tangible Net Worth of ePlus inc. and its Subsidiaries on a consolidated basis will not at any time exceed 3.00:1.
Maximum Recourse Leverage. 44 7.2 Maximum Recourse Debt to EBITDA.................................44 7.3
Maximum Recourse Leverage. The ratio of (a) Total Recourse Funded Debt to (b) Tangible Net Worth, will not at any time exceed 3.00:1.
Maximum Recourse Leverage. At any time that the Borrower does not have an Investment Grade Rating, either:
(i) the ratio, expressed as a percentage, of (A) Recourse Indebtedness (other than the Obligations) to (B) Total Asset Value to exceed fifteen percent (15.00%), or
(ii) the ratio, expressed as a percentage, of (A) Recourse Indebtedness that is Unsecured Indebtedness (other than the Obligations and those certain existing convertible notes listed on Schedule 6.02 attached hereto) having an initial maturity date earlier than the Revolving Credit Termination Date to (B) Total Asset Value to exceed five percent (5.00%)