Leverage Ratio of the Borrower definition

Leverage Ratio of the Borrower means, on any date, the ratio of (a) Consolidated Funded Debt of the Borrower outstanding on the specified date to (b) the Consolidated EBITDA of the Borrower for the four Fiscal Quarter period most recently ended.
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Leverage Ratio of the Borrower means, on any date, the ratio of (a) Consolidated Funded Debt of the Borrower outstanding on the specified date to
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Examples of Leverage Ratio of the Borrower in a sentence

  • The Loan Parties shall not at any time permit the Consolidated Leverage Ratio of the Borrower and its Subsidiaries to exceed 3.0 to 1.0.

  • As of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2024, the Total Net Leverage Ratio of the Borrower and its Subsidiaries for the four Fiscal Quarter period then ended shall not exceed 6.00 to 1.00.

  • The Administrative Agent shall have received evidence that the Total Leverage Ratio of the Borrower and its Subsidiaries is not greater than 2.0 to 1.00, calculated on a Pro Forma Basis immediately after giving effect to the Transactions.

  • In the case of the Borrower, permit the Consolidated Leverage Ratio of the Borrower to exceed 3:5 to 1.

  • Commencing with the fiscal quarter ending March 31, 2024, permit the Total Net Leverage Ratio of the Borrower and its Subsidiaries, calculated as of the last day of each fiscal quarter, to exceed 2.25:1.00.

  • The Borrower shall not at any time permit the Consolidated Senior Leverage Ratio of the Borrower Affiliated Group as at the last day of any fiscal period to be greater than 2.25 to 1.

  • The Borrower shall not permit the Cash Flow Leverage Ratio of the Borrower Affiliated Group, determined as at the last day of each fiscal quarter, to be greater than the ratio of 1.0 to 1.0 for the twelve-month period then ended.

  • The Borrower will not permit the Leverage Ratio of the Borrower and its Subsidiaries on a consolidated basis as of the last day of any fiscal quarter of the Borrower ending on or after the Effective Date to be greater than 4.00:1.00.

  • The Consolidated Leverage Ratio of the Borrower and its Consolidated Subsidiaries, as of the last day of any fiscal quarter of the Borrower, shall not exceed: (i) for each fiscal quarter ending on or before March 31, 2008, 3.75:1x, and (ii) for each fiscal quarter thereafter, 3.50:1x.

  • As of each Quarterly Testing Date, commencing March 31, 2015, the Leverage Ratio of the Borrower will not exceed (i) 6.0 to 1.0 at any time other than during a Specified Acquisition Period and (ii) 7.0 to 1.0 during a Specified Acquisition Period.