Leverage Level definition

Leverage Level means the amount of indebtedness encumbering the Assets acquired from the Gross Proceeds.
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Leverage Level the Revolving Loan Leverage Level or the Term Loan Leverage Level, as applicable.
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Leverage Level if the Maximum Leverage Ratio shall be less than or equal to 1.50:1, the Leverage Level shall be 1; if the Maximum Leverage Ratio shall be greater than 1.50:1 and less than or equal to 2.00:1, the Leverage Level shall be 2; if the Maximum Leverage Ratio shall be greater than 2.00:1 and less than or equal to 2.50:1, the Leverage Level shall be 3; and if the Maximum Leverage Ratio shall be greater than 2.50:1, the Leverage Level shall be 4.
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Examples of Leverage Level in a sentence

  • The Company will not permit the Unencumbered Leverage Ratio as of the last day of each fiscal quarter of the Company to exceed 60% (the “Maximum Unencumbered Leverage Level”); provided that the Maximum Unencumbered Leverage Level (i) shall be increased to 65% for the last day of the first two fiscal quarters of the Company immediately following the date of consummation of a Material Acquisition and (ii) the Maximum Unencumbered Leverage Level shall return to 60% after such two fiscal quarters.

  • The Company will not permit the Total Leverage Ratio as of the last day of each fiscal quarter of the Company to exceed 60% (the “Maximum Leverage Level”); provided that the Maximum Leverage Level (i) shall be increased to 65% for the last day of the first four fiscal quarters of the Company immediately following the date of consummation of a Material Acquisition and (ii) the Maximum Leverage Level shall return to 60% for at least one fiscal quarter of the Company after such four fiscal quarters.

  • The Company will not permit the Unencumbered Leverage Ratio as of the last day of each fiscal quarter of the Company to exceed 60% (the “Maximum Unencumbered Leverage Level”); provided that the Maximum Unencumbered Leverage Level (i) shall be increased to 65% for the last day of the first four fiscal quarters of the Company immediately following the date of consummation of a Material Acquisition and (ii) the Maximum Unencumbered Leverage Level shall return to 60% after such four fiscal quarters.

  • The Company will not permit the Total Leverage Ratio as of the last day of each fiscal quarter of the Company to exceed 60% (the “Maximum Leverage Level”); provided that the Maximum Leverage Level (i) shall be increased to 65% for the last day of the first two fiscal quarters of the Company immediately following the date of consummation of a Material Acquisition and (ii) the Maximum Leverage Level shall return to 60% after such two fiscal quarters.

  • If the Borrower shall fail to deliver the financial statements by the time required pursuant to Section 6.02(b), the Applicable Leverage Level shall be deemed to be Level IV until such financial statements have been delivered to the Administrative Agent and the Administrative Agent has so confirmed or determined the Leverage Ratio.

  • If, on any day, the Seller knows or should know that the Percentage Interest exceeds 100% (90% when the Parent is at Leverage Level 3), the Servicer or the Seller shall promptly notify the Administrative Agent and the Facility Agents and shall specify the Mandatory Reduction Amount.

  • Loan Loan Leverage Level Leverage Level Fee Rate -------------- -------------- -------- 1 (< or = 1.00) 0.225% per annum 2 (> 1.00 < or = 1.25) 0.250% per annum 3 (> 1.25 < or = 1.50) 0.275% per annum 4 (> 1.50) 0.300% per annum Such fee shall be payable quarterly in arrears on the last day of each January, April, July and October and on the Revolving Loan Commitment Expiration Date, commencing on the first such date to occur after the Closing Date.

  • Notwithstanding the foregoing, LIBOR Loans shall accrue interest at the Applicable Margin for Leverage Level 2 from the Closing Date until five Business Days after the Agent has received the Borrower's annual financial statements and Compliance Certificate for the fiscal period ended April 30, 1998.

  • By the second Business Day after the date of such notification (or, the next Business Day after such notification, if the Parent is at Leverage Level 2 or Leverage Level 3), the Seller shall pay the Mandatory Reduction Amount to the Administrative Agent.

  • The Applicable Leverage Level shall become effective on the Business Day following such determination by the Administrative Agent and shall remain effective until the next such determination by the Administrative Agent.


More Definitions of Leverage Level

Leverage Level means the applicable level specified below, based on the Parent’s most recently reported Leverage Ratio: Leverage Level Leverage Ratio Level 1 < 1.5:1.0 Xxxxx 0 > 1.5:1.0 but < 3.0:1.0 Xxxxx 0 > 3.0:1.0
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Leverage Level if the Total Debt Ratio shall be greater than or equal to 5.00:1, the Leverage Level shall be l; if the Total Debt Ratio shall be less than 5.00:1 and greater than or equal to 4.50:1, the Leverage Level shall be 2; if the Total Debt Ratio shall be less than 4.50:1 and greater than or equal to 4.00:1, the Leverage Level shall be 3; if the Total Debt Ratio shall be less than 4.00:1 and greater than or equal to 3.50:1, the Leverage Level shall be 4; if the Total Debt Ratio shall be less than 3.50:1 and greater than or equal to 3.00:1, the Leverage Level shall be 5; and if the Total Debt Ratio shall be less than 3.00:1, the Leverage Level shall be 6.
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Related to Leverage Level

  • 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.

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

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

  • Strike Level means the Strike Level as specified in § 1 of the Product and Underlying Data.

  • Base Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month which is 12 calendar months prior to the month for which the Substitute Index Level is being determined;

  • Barrier Level means the Barrier Level as specified in § 1 of the Product and Underlying Data.

  • Senior Leverage Ratio means the ratio of (a) Consolidated Senior Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • 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.

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

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Floor Level means that stage of construction which in the completed building would constitute the walking surface of the particular floor level referred to in the table of payments.

  • 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.

  • 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.

  • Required Capital Level means an amount of capital equal to 0.5% of the initial principal amount of the Securitization Bonds.

  • 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.

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

  • Measurement Period means, at any date of determination, the most recently completed four fiscal quarters of the Borrower.

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

  • 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.