Total Leverage. The total Indebtedness of the REIT Guarantor, Borrower and its Subsidiaries (without duplication, including the Equity Percentage of Indebtedness of Unconsolidated Affiliates) divided by the Total Asset Value of the REIT Guarantor, Borrower and its Subsidiaries.
Total Leverage. A Total Leverage Ratio as of the end of each period set forth below in a ratio not greater than the respective ratio set forth below: Period Total Leverage Ratio Four Quarters ending June 30, 2006 3.80 to 1.00 Four Quarters ending September 30, 2006 3.80 to 1.00 Four Quarters ending December 31, 2006 3.80 to 1.00 Four Quarters ending March 31, 2007 3.75 to 1.00 Four Quarters ending June 30, 2007 3.65 to 1.00 Four Quarters ending September 30, 2007 3.55 to 1.00 Four Quarters ending December 31, 2007 3.40 to 1.00 Four Quarters ending March 31, 2008 3.35 to 1.00 Four Quarters ending June 30, 2008 3.30 to 1.00 Four Quarters ending September 30, 2008 3.25 to 1.00 Four Quarters ending December 31, 2008 3.10 to 1.00 Four Quarters ending March 31, 2009 3.00 to 1.00 Four Quarters ending June 30, 2009 3.00 to 1.00 Four Quarters ending September 30, 2009 3.00 to 1.00 Each four Quarter period ending thereafter 2.90 to 1.00
Total Leverage. A Total Leverage Ratio as of the end of each period set forth below in a ratio not greater than the respective ratio set forth below: Period Total Leverage Ratio Four Quarters ending December 31, 2006 4.25 to 1.00 Four Quarters ending March 31, 2007 4.25 to 1.00 Four Quarters ending June 30, 2007 4.20 to 1.00 Four Quarters ending September 30, 2007 4.10 to 1.00 Four Quarters ending December 31, 2007 4.00 to 1.00
(d) Section 5.3(C) of the Loan Agreement is hereby amended and restated solely to the extent of the accounting periods commencing with the Four Quarters ending December 31, 2006 through and including the Four Quarters ending December 31, 2007 as follows:
Total Leverage. Permit the Total Leverage Ratio of the Company at any time during any period specified below to be greater than the Total Leverage Ratio set forth opposite such period below: Total Period Leverage Ratio ------ -------------- Closing Date to December 31, 2001 5.95:1.00 January 1, 2002 to June 30, 2002 5.75:1.00 July 1, 2002 to December 31, 2002 5.50:1.00 January 1, 2003 to September 30, 2003 5.25:1.00 October 1, 2003 to June 30, 2004 5.00:1.00 July 1, 2004 to Facilities Termination Date 4.75:1.00
Total Leverage. The Manager shall not purchase any Eligible Debt if, after giving effect to such purchase, as well as the corporate bonds and ETFs held at such time by the Secondary Market Credit Facility (“SMCCF”): The Total Equity Usage exceeds the Total UST Equity. For the purposes of the foregoing computation:
Total Leverage. Prior to the Revolver Termination Date, the Total Leverage Ratio, determined as of the last day of each fiscal quarter, shall not be greater than 5.00:1.00. Notwithstanding anything to the contrary contained in this Section, if (i) the Borrower fails to comply with the requirements of Section 6.22(a), (b), (c) or (d) as of the end of any fiscal quarter prior to the Revolver Termination Date and (ii) at any time during such fiscal quarter or thereafter until the date that is 15 days after the date the Borrower is required to deliver financial statements with respect to such period pursuant to Section 6.01, the Borrower receives a cash contribution to its equity capital in exchange for common shares of its Capital Stock and gives written notice to the Administrative Agent that such cash contribution has been received and is a Specified Equity Contribution (any amount so identified, a “Specified Equity Contribution”), then the amount of such Specified Equity Contribution will be deemed to be an increase to Consolidated EBITDA and to the aggregate amount of assets used in calculating compliance with Section 6.22(c) solely for the purposes of determining compliance with Sections 6.22(a), (b), (c) and (d) at the end of such fiscal quarter (and for purposes of determining compliance with future periods that include such fiscal quarter) (but such Specified Equity Contribution shall not be included for purposes of determining the Basket Amount or any other purposes hereunder); provided that (A) in each four fiscal quarter period, there shall be a period of at least two fiscal quarters in respect of which no Specified Equity Contribution is made, and no more than four Specified Equity Contributions may be made from the Amendment Effective Date through the Revolver Termination Date and (B) the amount of any Specified Equity Contribution shall be no greater than the amount required to cause the Borrower to be in compliance with Sections 6.22(a), (b), (c) and (d). If after giving effect to the foregoing recalculations the Borrower shall be in compliance with the requirements of Sections 6.22(a), (b), (c) and (d), the Borrower shall be deemed to have satisfied the requirements of such covenants as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable Default in respect of such covenant that had occurred shall be deemed cured for this purposes of this Agreement. From the date on...
Total Leverage. Holdings and its Subsidiaries on a consolidated basis shall not permit the ratio of (a) Holdings' and its Subsidiaries' Indebtedness on a consolidated basis, to (b) Holdings' and its Subsidiaries' EBITDA for the trailing twelve months on a consolidated basis, each calculated as of the last day of any fiscal quarter set forth below to be greater than the ratio set forth below for such periods: Fiscal Quarter Ending Ratio --------------------- ----- January 31, 2007 4.75 to 1.0 April 30, 2007 4.75 to 1.0 July 31, 2007 4.75 to 1.0 October 31, 2007 4.75 to 1.0 January 31, 2008 4.50 to 1.0 April 30, 2008 4.50 to 1.0 July 31, 2008 4.25 to 1.0 October 31, 2008 4.25 to 1.0 January 31, 2009 4.00 to 1.0 April 30, 2009 4.00 to 1.0 July 31, 2009 4.00 to 1.0 October 31, 2009 4.00 to 1.0 January 31, 2010 3.75 to 1.0 April 30, 2010 3.75 to 1.0 July 31, 2010 3.75 to 1.0 October 31, 2010 3.75 to 1.0 January 31, 2011 and the last day of each 3.50 to 1.00 fiscal quarter ending thereafter
Total Leverage. As of the last day of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending September 30, 2009, the Borrower shall not permit the ratio of (i) Total Funded Debt to (ii) EBITDA for the four fiscal quarters of the Borrower then ended to be greater than [**].
Total Leverage. The Credit Agreement is amended by deleting the -------------- phrase "in excess of $5,000,000" from clause (i)(b) of Section 8.22 thereof, such that, as of and after December 31, 1998, such clause (i)(b) shall read in its entirety as follows:
Total Leverage. Total Leverage in respect of a Relevant Period shall not be more than 3:1 or, following completion of an acquisition permitted under the definition of “Permitted Acquisition” where the ratio of 3:1 would not otherwise be exceeded but for such permitted acquisition and for no more than two successive Relevant Periods after the completion of such acquisition, 3.5: 1.”
