Effective Leverage Ratio definition

Effective Leverage Ratio has the meaning set forth in the Statement.

Effective Leverage Ratio has the meaning set forth in the Fee Agreement.

Effective Leverage Ratio means the quotient of:

Examples of Effective Leverage Ratio in a sentence

• In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.

• If required, the Fund shall restore the Effective Leverage Ratio as provided in the Statement.

• In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities shall reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.

• As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Asset Coverage as required by Section 2.4 of the Statement.

• For so long as any MuniFund Term Preferred Shares of a Series are Outstanding, the Effective Leverage Ratio shall not exceed 50% as of the close of business on any Business Day.

More Definitions of Effective Leverage Ratio

Effective Leverage Ratio shall have the meaning as set forth in Section 2.4(d).

Effective Leverage Ratio has the meaning set forth in the Articles Supplementary.

Effective Leverage Ratio has the meaning set forth in the Notice.

Effective Leverage Ratio has the meaning set forth in the Variable Rate Mode Supplement.

Effective Leverage Ratio has the meaning set forth in the Supplement.

Effective Leverage Ratio has the meaning set forth in the Statement of Preferences.

Effective Leverage Ratio means the ratio, as of the last day of the relevant Measurement Period, of Effective Funded Debt to EBITDAR.