Leverage Ratio Level definition

Leverage Ratio Level as to the Company, the existence of Leverage Ratio Level I, Leverage Ratio Level II, Leverage Ratio Level III, Leverage Ratio Level IV or Leverage Ratio Level V, as the case may be.
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Leverage Ratio Level shall have the meaning assigned to such -------------------- term in Section 2.06 hereof.
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Leverage Ratio Level is amended as follows:
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Examples of Leverage Ratio Level in a sentence

  • For purposes of determining the Applicable Margin for all Loans, interest rates on the Loans shall be calculated on the basis of the Total Debt Ratio set forth in the most recent certificate of an Authorized Officer of the Borrower delivered pursuant to Section 6.1(v) (a "Leverage Ratio Level Certificate").

  • Any increase or decrease in Applicable Margin due to an increase or decrease in the Leverage Ratio Level after the Closing Date shall be effective on the first calendar day following the date on which the Compliance Certificate evidencing the computation of such Leverage Ratio Level is due to be delivered under Section 7.03(c).

  • If, for any reason, the Borrower shall fail to deliver a Leverage Ratio Level Certificate when due in accordance with Section 6.1(v), and such failure shall continue for a period of twenty days, the Leverage Ratio Level shall be deemed to be Level 5, retroactive to the date on which the Borrower should ▇▇▇▇ ▇▇livered such Leverage Ratio Level Certificate and shall continue until a Leverage Ratio Level Certificate indicating a different Leverage Ratio Level is delivered to the Agent.

  • If, for any reason, the Borrowers shall fail to deliver a Compliance Certificate when due in accordance with Section 7.1(iii), and such failure shall continue for a period of 10 days, the Leverage Ratio Level shall be deemed to be Leve▇ ▇, ▇▇troactive to the date on which the Borrowers should have delivered such Compliance Certificate and shall continue until a Compliance Certificate indicating a different Leverage Ratio Level is delivered to the Agent.

  • Notwithstanding the foregoing, for the period from the Closing Date until five Business Days after the Agent has received the Borrower's quarterly financial statements and Compliance Certificate for the fiscal period ended October 30, 1999, (i) the Revolving/Term A Applicable Margin shall be that applicable to Revolving/Term A Leverage Ratio Level 5 and (ii) the Term B Applicable Margin shall be that applicable to Term B Leverage Ratio Level 2.

  • If, for any reason, the Borrower shall fail to deliver a Leverage Ratio Level Certificate when due in accordance with Section 6.1(v), and such failure shall continue for a period of twenty days, the Leverage Ratio Level shall be deemed to be L▇▇▇▇ ▇, retroactive to the date on which the Borrower should have delivered such Leverage Ratio Level Certificate and shall continue until a Leverage Ratio Level Certificate indicating a different Leverage Ratio Level is delivered to the Agent.

  • Any increase or decrease in Applicable Margin due to an increase or decrease in the Leverage Ratio Level after the Closing Date shall be effective on the first calendar day following the date on which the Compliance Certificate evidencing the computation of such Leverage Ratio Level is due to be delivered under Section 7.03(d).

  • Any increase or decrease in Applicable Facility Fee due to an increase or decrease in the Leverage Ratio Level after the Closing Date shall be effective on the first calendar day following the date on which the Compliance Certificate evidencing the computation of such Leverage Ratio Level is due to be delivered under Section 7.03(d).


More Definitions of Leverage Ratio Level

Leverage Ratio Level has the meaning given that term in the definition of the term “Applicable Margin.”
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Leverage Ratio Level as to ASI, the existence of Leverage Ratio Level I, Leverage Ratio Level II or Leverage Ratio Level III.
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Leverage Ratio Level means the Revolving/Term A Leverage Ratio Level or the Term B Leverage Ratio Level, as applicable.
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Leverage Ratio Level as to the Borrower, the existence of Leverage Ratio Level IC, Leverage Ratio Level IB, Leverage Ratio Level IA, Leverage Ratio Level I, Leverage Ratio Level II, Leverage Ratio Level III, Leverage Ratio Level IV, Leverage Ratio Level V or Leverage Ratio Level VI, as the case may be.
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Leverage Ratio Level if the Total Debt Ratio shall be less than 0.75:1.00, the Leverage Ratio Level shall be 1; if the Total Debt Ratio shall be equal to or greater than 0.75:1.00 and less than 1:00:1.00, the Leverage Ratio Level shall be 2; if the Total Debt Ratio shall be equal to or greater than 1.00:1.00 and less than 1.50:1.00, the Leverage Ratio Level shall be 3; if the Total Debt Ratio shall be equal to or greater than 1.50:1.00 and less than 2.00:1.00, the Leverage Ratio Level shall be 4; and if the Total Debt Ratio shall be equal to or greater than 2.00:1.00, the Leverage Ratio Level shall be 5.
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Leverage Ratio Level means the level set forth on the table below corresponding to the Leverage Ratio as of the last day of the most recently-ended Fiscal Quarter: LEVEL LEVERAGE RATIO ----- -------------- 1 >2.0:1.0 2 <2.0:1.0 - >1.5:1.0 - 3 <1.5:1.0 >1.0:1.0 - 4 <1.0:1.0
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