Leverage Ratio Covenant definition

Leverage Ratio Covenant means that the Parent will have a maximum Leverage Ratio of 6:1.
Leverage Ratio Covenant means the covenant of the Borrower set forth in Section 10.11(a).
Leverage Ratio Covenant means that the Parent will have a maximum Leverage Ratio equal to the lesser of (i) 11.5:1 and (ii) the maximum leverage ratio or similar covenant for the Parent set forth in any Oportun Comparable Facility.

Examples of Leverage Ratio Covenant in a sentence

  • In addition, the lenders agreed to (a) suspend the application of the Leverage Ratio Covenant and the FCCR Covenant, in each case, for the fiscal quarters ending on or about October 4, 2020 and December 27, 2020 and (b) increase the maximum leverage permitted for purposes of the Leverage Ratio Covenant for each of the fiscal quarters ending in 2021; provided that the Company issues new equity generating net cash proceeds of at least $25,000,000.

  • The rate of interest for the Loan for each Interest Period is the percentage rate per annum which is the aggregate of: the Applicable Margin; LIBOR; and until from and including 1 July 2015 until the Reinstated Leverage Ratio Covenant date, the Step-up Margin (as applicable).

  • Per the Credit Agreement Cash Usage fees are not included as part of Interest Expense for purposes of Senior Leverage Ratio Covenant.

  • Schedule 1.1 to the Credit Agreement is hereby amended to delete the definitions of "Applicable Credit Amount Percentage", "Credit Amount", "Credit Amount Certificate", "FCCR Covenant Triggering Date" and "Leverage Ratio Covenant Triggering Date" in their respective entireties.

  • E.g.: the academic year 2019-2020 starts at 01-08-2019 and ends at 31-07-2020.


More Definitions of Leverage Ratio Covenant

Leverage Ratio Covenant has the meaning set forth in Section 10.03.
Leverage Ratio Covenant means that the,other than with respect to Monthly Period ended January 31, 2024, Parent will have a maximum Leverage Ratio equal to the lesser of (i) 11.5:1 and (ii) the maximum leverage ratio or similar covenant for the Parent set forth in any Oportun Comparable Facility.
Leverage Ratio Covenant means that the Parent will have a maximum Leverage Ratio of11.5:1.
Leverage Ratio Covenant means that the Parent will have a maximum Leverage Ratio of 11.5:1. SCHEDULE II Conformed Copy of Amended Indenture CONFORMED COPY As amended by the Seventh Amendment to Indenture, dated as of February 29, 2024 OPORTUN RF, LLC, as Issuer and 4156-1338-2734 WILMINGTON TRUST, NATIONAL ASSOCIATION, as Indenture Trustee, as Securities Intermediary and as Depositary Bank INDENTURE Dated as of December 20, 2021 Asset Backed Notes, Class A Asset Backed Certificates TABLE OF CONTENTS Page ARTICLE 1. DEFINITIONS AND INCORPORATION BY REFERENCE 2
Leverage Ratio Covenant means that the Parent will have a maximum Leverage Ratio equal to the lesser of (i) 7.5:1 and (ii) the maximum leverage ratio or similar covenant for the Parent set forth in any Oportun Comparable Facility.
Leverage Ratio Covenant. 6(c)(i) Calculation of Current Ratio Current Ratio Covenant – 6(c)(ii) The undersigned hereby certifies that I have no knowledge that a Default has occurred and is continuing. MarineMax, Inc. By:____________________________________ Title:__________________________________ Exhibit C Exhibit D Lender’s Allocations and Ratable Share Lender Allocation Ratable Share CDF $275,000,000 55.000000000% Bank of the West, Inc. $60,000,000 12.000000000% M&T Bank $130,000,000 26.000000000% Truist Bank $35,000,000 7.000000000% TOTAL $500,000,000 100.000000000% Exhibit D Exhibit E Agent Wire Instructions [****] Exhibit E Exhibit F Trigger Compliance Certificate
Leverage Ratio Covenant has the meaning set forth in Section 7.09(a).