Leverage Event definition

Leverage Event means if on any Valuation Date the Gap Risk Percentage (as defined in the table set
Sample 1Sample 2
Leverage Event means that at any Transaction Date, the Leverage Ratio is greater than 5.5 to 1.0.
Sample 1
Leverage Event means if on any Valuation Date the Gap Risk Percentage (as defined in the table set out in clause 1.3 of Schedule 1) is less than 15 per cent or greater than 25 per cent;
Sample 1

Examples of Leverage Event in a sentence

  • The Outstanding Number of Referenced Units may change from time to time following the occurrence of a Leverage Event, a Deleverage Event or as otherwise required in accordance with the terms and conditions of the Notes and if all Fund Strategy Units comprised in the Fund Strategy are subject to a mandatory redemption in accordance with the methodology of the Fund Strategy.

  • On the occurrence of a Leverage Event, the Determination Agent shall be required to take steps in order to increase the Outstanding Number of Referenced Units (and accordingly, to increase the exposure of the Issuer and ultimately the Noteholders to the Fund Strategy).

  • Subject to the detailed provisions below, a Leverage Event will occur if the Determination Agent determines that the Cushion is sufficiently large relative to the Maximum Unit Crash Exposure (as defined and determined in accordance with the methodology of the Fund Strategy as set in the Annex to this Pricing Supplement (as may be amended from time to time in accordance with its terms)).

  • Forecast for Colony SNF Operations, LLCSource: CON application #10261, page 3-16, Table 3-11 Millennium II, LLC (CON #10262) includes tables illustrating the estimated population and compounded annual growth rates (CAGRs) by ZIP code and age cohort for years 2014 and 2019 in the subdistrict.

  • Upon the occurrence of a Leverage Event or a Deleverage Event, the aggregate notional exposure of each Notional Swap Transaction Group will be adjusted to comply with the revised Target Exposure such that the overall CDS Portfolio reflects the relative change in the Cushion that would be achieved by a pro rata adjustment to each Notional Swap Transaction Group.

  • Any Leverage Event that results in a change in the allocation to the Strategy will have a direct effect on the performance of the Dynamic Portfolio.

  • All Rebalancing Notices shall specify the type of Leverage Event or, as applicable, Deleverage Event that has occurred.

  • 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.

  • Upon the occurrence of a Leverage Event, the Floating Rate Payer Calculation Amount of each Notional Swap Transaction shall be deemed to be increased on a pro rata basis, reflecting the change in the Target Exposure resulting from such Leverage Event, solely for the purposes of determining the Moody's Metric applicable following such Leverage Event.

  • Source continues to be subject to requirements under 40 CPR Part 63, Subparts ZZZZ(RICE) and is now subject to 40 CFR 63 subpart JJJJJJ (Boilers).


More Definitions of Leverage Event

Leverage Event shall have occurred if, at any time on or after the Collateral Signing Date, the Leverage Ratio is greater than or equal to 3.70 to 1.00.
Sample 1
Leverage Event has the meaning given to it in clause 18.5 (Leverage Event).
Sample 1
Leverage Event as defined in Section 8.15.
Sample 1
Leverage Event means the consummation by any Loan Party of an Acquisition and the issuance by the Loan Parties of Convertible Debt Securities in connection therewith in a principal amount equal or greater to $200,000,000.
Sample 1

Related to Leverage Event

  • Breakage Event shall have the meaning assigned to such term in Section 2.16.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Average monthly discharge limitation means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month.

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

  • Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Company most recently ended on or prior to such date.

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

  • Consolidated Senior Secured Net Leverage Ratio means, for any Measurement Period, the ratio of (a) Consolidated Senior Secured Net Debt for Borrowed Money to (b) Consolidated EBITDA, in each case for such period.

  • SOFR Index Cessation Event means the occurrence of one or more of the following events:

  • 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 Senior Leverage Ratio means the ratio of Consolidated Senior Debt, determined as of the last day of any fiscal quarter of the Company, to Consolidated EBITDA for the period of 12 months ending on such last day.

  • 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 of the Borrower and its Restricted Subsidiaries for such Test Period.

  • €STR Index Cessation Event means the occurrence of one or more of the following events:

  • Expected week of childbirth means the week, starting on a Sunday, during which the mother's doctor or midwife expects her to give birth.

  • Senior Secured Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Secured 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.

  • OBFR Index Cessation Event means the occurrence of one or more of the following events:

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

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • Average weekly discharge limitation means the highest allowable average of “daily discharges” over a calendar week, calculated as the sum of all “daily discharges” measured during a calendar week divided by the number of “daily discharges” measured during that week.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date that is secured on a first lien basis by assets or properties of Holdings or any Subsidiaries to (b) Consolidated EBITDA of Holdings and its Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Consolidated Total Leverage Ratio means, with respect to any Person as of any Applicable Calculation Date, the ratio of (x) Consolidated Total Indebtedness as of such date to (y) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters ending prior to the Applicable Calculation Date for which internal consolidated financial statements of the Issuer are available, in each case with such pro forma adjustments as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • 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.

  • Senior Leverage Ratio means, on any date, the ratio of Total Debt less the sum of (a) the aggregate outstanding principal amount of the Senior Subordinated Notes plus (b) Available Cash on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Consolidated Senior Secured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Senior Secured Indebtedness on such date to (b) the sum, without duplication, of (i) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date plus (ii) the amount of Specified Non-Recurring Charges taken during the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date, minus unrestricted cash and Cash Equivalents of the Loan Parties on deposit with financial institutions located in the United States, not to exceed $75,000,000 to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period.