Common use of Secured Leverage Ratio Clause in Contracts

Secured Leverage Ratio. Xxxxxx USA and the Company will not permit the Secured Leverage Ratio at any time when any Term Loan is outstanding to be greater than 4.50 to 1.00.

Appears in 3 contracts

Samples: Borrowing Subsidiary Joinder Agreement (Murphy USA Inc.), Credit Agreement (Murphy USA Inc.), Credit Agreement (Murphy USA Inc.)

AutoNDA by SimpleDocs

Secured Leverage Ratio. Xxxxxx USA and the Company will not permit the Secured Leverage Ratio at any time when any Term Loan is outstanding to be greater than 4.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Murphy USA Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!