Leverage Limit definition

Leverage Limit. As defined in Section 4.1(b)(ii).
Sample 1Sample 2Sample 3
Leverage Limit means, at any particular time, an amount equal to 15% of the Total Asset Value at such time.
Sample 1
Leverage Limit means, as of any date of calculation, (i) the product of (a) EBITDA multiplied by (b) the Applicable Advance Multiple as of such date, minus (ii) outstanding Senior Funded Debt (other than the sum of the outstanding Revolving Loans, Swing Loans and L/C Obligations). For purposes of calculating the Leverage Limit as of any date of calculation, EBITDA shall be calculated for the twelve (12) month period ending on the date most recently ended for which financial statements described in Section 6.1(a) of Holdings and its Subsidiaries on a consolidated basis were delivered to Agent.
Sample 1

Examples of Leverage Limit in a sentence

  • For example at the Default Leverage Limit ratio of 1:20, the Margin required is 5%.

  • In all cases, Less Experienced Retail Clients cannot select a leverage level higher than the Default Leverage Limit.

  • Any indebtedness incurred by an Intermediate Entity or Portfolio Entity that is not recourse to the Partnership, guarantees of indebtedness, “bad boy” guarantees or other related liabilities that are not recourse indebtedness for borrowed money will be excluded from the calculation of the Leverage Limit.

  • On 23 November 2022, ESMA issued its advice on the Guidance, confirming that it considered the Leverage Limit appropriate to address concerns relating to the stability and integrity of the financial system, and recommending that the Central Bank closely monitors the evolution of the Irish real estate sector to assess the relevance of its measure and the necessity to recalibrate the Leverage Limit.

  • As soon as available and in any event within forty (40) days after the end of each Fiscal Quarter, Borrower will deliver a Leverage Limit Certificate (in substantially the same form as Exhibit 6.2(d), the “Leverage Limit Certificate”) as at the last day of such period.

  • In all cases, Non- Experienced Retail Clients cannot select a leverage level higher than the Default Leverage Limit.

  • For existing Property Funds, the Leverage Limit will be subject to a five year implementation period which will last until 24 November 2027.

  • As at 30 June 2021, AA REIT’s aggregate leverage was 34.3%, which is well within the Aggregate Leverage Limit and providing the REIT with more than adequate debt headroom to manage its capital structure.

  • The Index Agent will be required to effect a re-balancing only to the extent that such a re- balancing will not result in the Leverage Ratio being greater than or equal to the Leverage Limit (notwithstanding that the Re-Balancing Factor would consequently be greater or less than the Target Performance Component Value).

  • Under the Guidance, newly established Property Funds will be subject to a 60% total debt-to-total assets limit (Leverage Limit).


More Definitions of Leverage Limit

Leverage Limit means 50% of Index Level; “Leverage Tolerance Limit” means 55% of Index Level; “Leverage Ratio” means:LC(t)NA LC(t) = the Leverage Component on Trading Day t; and NA = the Nominal Amount,
Sample 1
Leverage Limit means 50% of Index Level; “Leverage Tolerance Limit” means 55% of Index Level; “Leverage Ratio” means:LC (t)IL(t) LC(t) = the Leverage Component on Trading Day t; and IL(t) = the Index Level on trading Day t;
Sample 1

Related to Leverage Limit

  • 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.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

  • Lower explosive limit (LEL) means the concentration of a compound in air below which a flame will not propagate if the mixture is ignited.

  • Weighted Average Life Test means, as of any date of determination, that the Weighted Average Life of all Eligible Loan Assets is equal to or less than 6.0 years.

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

  • Consolidated First Lien Leverage Ratio means, as of the date of determination, the ratio of (a) Consolidated Indebtedness as of such date that is secured by first-priority Liens on the Collateral to (b) EBITDA for the most recently ended Test Period, in each case of the Borrower and its Restricted Subsidiaries on a consolidated basis.

  • 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.

  • Weighted Average Life As of any date of determination with respect to all Collateral Obligations other than Defaulted Obligations, the number of years following such date obtained by summing the products obtained by multiplying:

  • Dose limits means the permissible upper bounds of radiation doses established in accordance with these rules. For purposes of these rules, “limits” is an equivalent term.

  • Threshold Percentage means 15%.

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

  • 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.

  • Bag limit means the maximum number of game animals, game

  • Remaining Weighted Average Life of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing: (i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note.

  • Moody’s Exposure Period means the period commencing on a given Valuation Date and ending 49 days thereafter.

  • 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.

  • Average Life Date means, for each Equipment Note to be redeemed, the date which follows the redemption date by a period equal to the Remaining Weighted Average Life at the redemption date of such Equipment Note. “Remaining Weighted Average Life” of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing: (i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note.

  • 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.

  • Required Ratings Threshold means each of the S&P Required Ratings Threshold and the Moody's Second Trigger Ratings Threshold.

  • Debt to Capitalization Ratio means the ratio of (a) Consolidated Funded Debt to (b) Consolidated Capitalization.

  • Weighted Average Life to Maturity means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such Indebtedness.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Adjusted Covered Debt Balance means, on any date, the aggregate Covered Debt Amount on such date minus the aggregate amount of Cash and Cash Equivalents included in the Portfolio Investments held by the Obligors (provided that Cash Collateral for outstanding Letters of Credit shall not be treated as a portion of the Portfolio Investments).

  • S&P Required Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating from S&P of “BBB+”.

  • Debt to Cash Flow Ratio means, with respect to any Person as of any date of determination, the ratio of (a) the Consolidated Indebtedness of such Person as of such date, less cash and Cash Equivalents, to (b) the Consolidated Cash Flow of such Person for the four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available. For purposes of making the computation referred to above:

  • Covered Debt Amount means, on any date, the sum of (x) all of the Revolving Credit Exposures of all Lenders on such date plus (y) the aggregate principal amount (including any increase in the aggregate principal amount resulting from payable-in-kind interest) of Other Covered Indebtedness outstanding on such date.