Maximum Recourse Leverage Ratio. Permit Consolidated KWH Recourse Indebtedness (as defined in the KWI Note Indenture described in clause (a) of such definition as in effect on the Closing Date) and Indebtedness evidenced by notes issued pursuant to either of the Existing Note Indentures but otherwise excluding Indebtedness permitted to be incurred pursuant to Section 4.02(B) of the KWI Note Indenture described in clause (a) of such definition as in effect on the Closing Date) as of the last day of each fiscal quarter to exceed an amount equal to Consolidated Tangible Net Worth as of such date multiplied by 1.5.
Maximum Recourse Leverage Ratio. Permit Consolidated Recourse Indebtedness (including Indebtedness under Credit Facilities (as defined in the Existing Note Indenture as in effect on the Closing Date) and Indebtedness evidenced by notes issued pursuant to the Existing Note Indenture but otherwise excluding Indebtedness permitted to be incurred pursuant to Section 4.02(b) of the Existing Note Indenture as in effect on the Closing Date) as of the last day of each fiscal quarter to exceed an amount equal to Consolidated Tangible Net Worth as of such date multiplied by 1.5.
Maximum Recourse Leverage Ratio. Borrower shall not permit the Recourse Leverage Ratio, as of the last day of any Fiscal Quarter, to exceed 3.25 to 1.0.
Maximum Recourse Leverage Ratio. (i) Total Recourse Debt $
(ii) Gross EBITDA $
(iii) Ratio of (i) to (ii) Maximum Permitted 3.25 to 1.0. , of Xxxxxxxx Xxxx Company, a Delaware corporation THIS GUARANTY AGREEMENT is executed as of June 28, 2005, by each of the direct and indirect Subsidiaries of XXXXXXXX XXXX COMPANY, a Delaware corporation (“Borrower”), listed on Schedule 1 attached hereto or who become a party hereto pursuant to Section 5.11 below (each a “Guarantor” and collectively “Guarantors”) for the benefit of the Loan Parties defined below.
