Common use of Maximum Recourse Leverage Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Eplus Inc), Credit Agreement (Eplus Inc)

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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.. Calculation:

Appears in 2 contracts

Samples: Credit Agreement (Eplus Inc), Credit Agreement (Eplus Inc)

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