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

• The Effective Leverage Ratio and/or Asset Coverage as and if so calculated by the Purchaser in such instances shall be binding on the Fund.

• 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.

• If required based on such calculations, the Fund shall restore, as applicable, the Minimum VRM Asset Coverage as provided in Section 2.3(c)(i) of the Variable Rate Mode Supplement and Effective Leverage Ratio as provided in Section 2.3(c)(ii) of the Variable Rate Mode Supplement.

• 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.

• As of the Effective Date, the Fund is in compliance with the Effective Leverage Ratio and the Minimum VRM Asset Coverage.

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 Variable Rate Mode Supplement.

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

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 has the meaning set forth in the Certificate of Designation.