Leverage Ratio definition
Examples of Leverage Ratio in a sentence
The Effective Leverage Ratio as calculated by the Purchaser in such instances shall be binding on the Fund.
If required, based on such calculations, the Fund shall restore the Effective Leverage Ratio as provided in the Statement.
For purposes of calculating the Effective Leverage Ratio, any Overconcentration Amount has been subtracted from the sum determined pursuant to sub-section (ii) of the definition of Effective Leverage Ratio, set out in Section 2.4(d) of the Statement.
The Total Cash Compensation Limit and TV One-Sub-Limit shall not apply and shall not be operative for any fiscal year in which the Company’s Leverage Ratio (as defined in the indenture governing the Company’s First Lien Notes (the “First Lien Notes Indenture”)) as of December 31 of such fiscal year is less than 4.75:1.00.
In connection with calculating the Effective Leverage Ratio, the Fund’s Total Assets and accrued liabilities reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies in effect as of the Effective Date.