Average Leverage Ratio definition

Average Leverage Ratio means, as of the last day of any Computation Period, the ratio of (a) Average Funded Debt as of such day to (b) EBITDA for such Computation Period.

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Average Leverage Ratio means, as of the last day of each fiscal ---------------------- quarter, the ratio of (a) average outstanding Consolidated Funded Debt on the last day of each month in the four fiscal quarters ending on such date to (b) Consolidated EBITDA for the four fiscal quarters ending on such date; provided, -------- however, that Consolidated Funded Debt, as a component of the Average Leverage ------- Ratio (i) for the fiscal quarter ending December 31, 1999, shall be computed for the fiscal quarterly period then ended, (ii) for the fiscal quarter ending March 31, 2000, shall be computed for the two fiscal quarterly periods then ended and (iii) for the fiscal quarter ending June 30, 2000, shall be computed for the three fiscal quarterly periods then ended.

Average Leverage Ratio means the size of loans portfolios guaranteed by ▇▇▇▇▇▇▇’s capitalization and divided by ▇▇▇▇▇▇▇'s guarantees granted, across participating financial institutions.

Examples of Average Leverage Ratio in a sentence

NCFC will not permit (i) the Quarterly Average Leverage Ratio for any period of measurement to be greater than 10.0 to 1.0, (ii) the Daily Leverage Ratio on any date to be greater than 15.0 to 1.0, or (iii) the Adjusted Leverage Ratio as of the last day of each fiscal quarter to be greater than 12.0 to 1.0.
Guarantor will not permit (i) the Quarterly Average Leverage Ratio for any period of measurement to be greater than 10.0 to 1.0, (ii) the Daily Leverage Ratio on any date to be greater than 15.0 to 1.0, or (iii) the Adjusted Leverage Ratio as of the last day of each fiscal quarter to be greater than 12.0 to 1.0. NCMC will not permit the Leverage Ratio of NCMC to be greater than 8.0 to 1.0 as of the last day of each fiscal quarter of NCMC.
For purposes of this Section 8.08, the “Pro Forma Average Leverage Ratio” and the “Pro Forma Average Net Leverage Ratio” shall mean the Average Leverage Ratio and the Average Net Leverage Ratio, respectively, as of the last day of the most recently-ended Computation Period for which financial statements are available, in each case adjusted by adding back to Average Funded Debt in the calculation of the applicable ratio all Restricted Payments made since the last day of such Computation Period.
NCFC will not permit (i) the Quarterly Average Leverage Ratio for any period of measurement to be greater than 10.0 to 1.0, (ii) the Daily Leverage Ratio on any date to be greater than 15.0 to 1.0, or (iii) the Adjusted Leverage Ratio as of the last day of each fiscal quarter to be greater than 12.0 to 1.0. NCMC will not permit the Leverage Ratio of NCMC to be greater than 8.0 to 1.0 as of the last day of each fiscal quarter of NCMC.
NCFC will not permit (i)the Quarterly Average Leverage Ratio for any period of measurement to be greater than 10.0 to 1.0, or (ii)the Daily Leverage Ratio on any date to be greater than 15.0 to 1.0.
The Company shall not permit the Average Leverage Ratio for any Computation Period ending on the last day of any fiscal quarter to exceed 3.50 to 1.0.
NCFC will not permit (i) the Quarterly Average Leverage Ratio for any period of measurement to be greater than 12:1 or (ii) the ratio of Total Indebtedness to Tangible Net Worth as of the last day of each fiscal quarter to be greater than 12:1.

More Definitions of Average Leverage Ratio

Average Leverage Ratio means for any four fiscal quarters for the Borrower and its subsidiaries on a consolidated basis, the ratio of (a) Average Senior Funded Debt for such period to (b) EBITDA for such period, where “Average Senior Funded Debt” means the average of the total month-end indebtedness for money borrowed (including amounts outstanding under this Agreement) outstanding on the last day of each month during such period less any subordinated indebtedness permitted by paragraph 7.7(j) hereof, and where “EBITDA” has the meaning set forth in the “Covenants” section of this Agreement.

Average Leverage Ratio for any Fiscal Quarter of Jan ▇▇▇▇ ▇▇▇ its Consolidated Subsidiaries, the quotient of (a) the average of the Consolidated Funded Debt outstanding on each day during such Fiscal Quarter, divided by (b) Consolidated EBITDA for the four (4) Fiscal Quarters ending with the end of such Fiscal Quarter.