Increased Leverage Period definition

Increased Leverage Period means (a) any fiscal quarter in which a Loan Party or any of its Subsidiaries consummates a Qualifying Acquisition and (b) the three fiscal quarters immediately following such fiscal quarter.
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Increased Leverage Period has the meaning set forth in Section 10.1(a).
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Increased Leverage Period has the meaning assigned to such term in Section 7.1.
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Examples of Increased Leverage Period in a sentence

  • The Loan Parties shall not permit the Total Net Leverage Ratio as of the last day of any fiscal quarter to be greater than 4.25 to 1.00; provided, that to the extent that an Increased Leverage Period is in effect, then, notwithstanding the foregoing, the Total Net Leverage Ratio shall be no more than 4.75 to 1.00.

  • During the Increased Leverage Period, including any such extension thereof, the Applicable Margin with respect to LIBOR Rate Loans shall be increased to 2.00% and the Applicable Margin with respect to Alternate Base Rate Loans shall be increased to 0.50% as provided in the definition of "Applicable Margin".

  • The Loan Parties shall not permit the Total Net8.1 Leverage Ratio as of the last day of any fiscal quarter to be greater than 4.25 to 1.00; provided, that to the extent that an Increased Leverage Period is in effect, then, notwithstanding the foregoing, the Total Net Leverage Ratio shall be no more than 4.75 to 1.00.

  • The payment of any Increased Leverage Period Fee shall not constitute a waiver of any Default or Event of Default.

  • Each update to the Project Schedule prepared by the Company shall include the current status of each activity, the remaining duration of each activity, the actual start and finish date for each activity in progress or completed, and the estimated start of activities, re-sequencing of work, or proposed changes in logic or duration for activities in the future.


More Definitions of Increased Leverage Period

Increased Leverage Period shall have the meaning specified in paragraph 7A(a).
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Increased Leverage Period means the period from and including March 5, 2013 until the earlier of: (i) ten Business Days after termination of the Merger Agreement pursuant to Section 7.1 thereof, (ii) November 18, 2013 and (iii) the Merger Closing Date.
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Increased Leverage Period is defined in Section 10.10.
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Increased Leverage Period. “Indebtedness”, “Leverage Ratio”, “Lien”, “Material Acquisition”, “Material Disposition”, “Material Indebtedness”, “Material Subsidiary”, “Responsible Officer”, “Subsidiary” and “Taxes” in their entirety with the following:
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Related to Increased Leverage Period

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

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

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • Earn-Out Period has the meaning set forth in Section 2.3(a).