Initial Leverage definition

Initial Leverage means the value expressed as a percentage specified in the applicable Final Terms,
Sample 1Sample 2Sample 3
Initial Leverage means the percentage specified in the applicable Final Terms, "Adjust Factor" means a percentage specified in the applicable Final Terms,
Sample 1Sample 2Sample 3
Initial Leverage means the number specified as such in the definition of the relevant Series. The Initial Leverage is indicative only prior to the Issue Date and will be determined on the Issue Date;
Sample 1Sample 2Sample 3

Examples of Initial Leverage in a sentence

  • Or they reinvest part of profit to make their products consistently available.<Table 2> Examples of Social business model Business ModelAs Initial Leverage Nonprofit Venture Model brings a certain level of profit, along with part of initial investment, the model develops gradually into Hybrid Nonprofit Venture Model.Profit from the process goes to product development for social purpose and the second model advances to the third model, Social Business Venture Model.

  • At an appropriate time each year the Company will obtain from employees entitled to vacations their preferences as to vacation periods and will, as soon thereafter as possible, establish workable vacation schedules.

  • Investors should be aware that the level at which a deleverage may occur, as a result of a change in the Cushion, may be subject to change on the Initial Leverage Date.

  • As of the Initial Leverage Date, each Long CDS is expected to have a scheduled tenor of approximately 3 years and each Short CDS is expected to have a scheduled tenor of approximately 7 years.

  • On each Adjustment Date, the Underlying, Initial Underlying Level, Initial Leverage, Strike Level and the Stop Loss Level are adjusted to reflect the latest front-month futures contract, as further described in section “Adjustment Event”.

  • During the Ramp-Up Period, the Portfolio Manager shall take steps to ramp-up the CDS Portfolio by the addition of Notional Swap Transactions to the CDS Portfolio in accordance with the Leverage Event provisions relating to the Initial Leverage such that each Notional Swap Transaction Group in the table describing the Initial Reference Portfolio set out in Annex 3 to this Series Memorandum shall be comprised in the CDS Portfolio as of the Initial Leverage Date.

  • The provisions relating to Leverage Events (including the Initial Leverage), Deleverage Events, CDS Changes and the Portfolio Guidelines are set out below in this Part II of the Appendix.

  • The Agent shall have received Borrower's certificate as to the Leverage Ratio as of June 30, 1996 (the "Initial Leverage Ratio Calculation").

  • We define these control variables in Appendix A.1. Initial Size is the natural log of total assets, Initial Leverage is the ratio of book value of debt divided by total market value of the firm, Initial Bank Power is the level of bank financing of the firm, and Initial Profitability is EBITDA, all as of event year-10.


More Definitions of Initial Leverage

Initial Leverage means 10.0.
Sample 1
Initial Leverage means 13.3 as of the Issue Date and following the occurrence of an Investment Date, 11.0.
Sample 1
Initial Leverage means the Leverage as of the Issue Date.
Sample 1

Related to Initial Leverage

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • 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.

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

  • Leverage means the aggregate amount of indebtedness of the Company for money borrowed (including purchase money mortgage loans) outstanding at any time, both secured and unsecured.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

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

  • 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.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

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

  • 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.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

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

  • Senior Leverage Ratio means, as of any date of determination, on a Pro Forma Basis, the ratio of (i) Senior Indebtedness of the Borrower and its Subsidiaries as of such date to (ii) Annualized EBITDA for the Borrower and its Subsidiaries for the most recently ended Test Period.

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

  • Consolidated Senior Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Senior Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Secured Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Net Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness as of such date and (b) without duplication, the Reserved Indebtedness Amount as of such date to (y) LTM EBITDA.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Leverage Ratio means, as of any date, the ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

  • Initial compliance period means the three-year compliance period that begins January 1, 1993, except for the MCLs for dichloromethane, 1,2,4-trichlorobenzene, 1,1,2-trichloroethane, benzo(a)pyrene, dalapon, di(2-ethylhexyl)adipate, di(2-ethyl- hexyl)phthalate, dinoseb, diquat, endothall, endrin, glyphosate, hexachlorobenzene, hexachlorocyclopentadiene, oxamyl, picloram, simazine, 2,3,7,8-TCDD, antimony, beryllium, cyanide, nickel, and thallium, as they apply to a supplier whose system has fewer than 150 service connections, for which it means the three-year compliance period that began on January 1, 1996.

  • First Lien Leverage Ratio means, on any date, the ratio of (a) Consolidated First Lien Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

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

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where: