Examples of Leverage Test in a sentence
The Leverage Test will be met if the ratio of Senior Consolidated Net Debt as at the relevant Semi-Annual Date to Consolidated EBITDA in respect of the Testing Period ending on that Semi-Annual Date is less than or equal to 8.5:1.
Limitations on Restricted Payments The Issuer will not, and will not permit any Restricted Subsidiary to, directly or indirectly, make any Restricted Payment unless at the time of such Restricted Payment: (1) no Default shall have occurred and be continuing or shall occur as a consequence thereof; and (2) after giving effect to such incurrence and the application of proceeds therefrom the Consolidated Leverage Test would be satisfied.
The rapidity of our response will be proportional enhanced by: • The advanced calculation of our needs • Knowing who in our facility falls into which priority statuses ⮚ This vaccine and antiviral plan includes our seasonal influenza campaign and our pneumococcal vaccine program.
The Issuer may designate any Subsidiary (including any newly formed or newly acquired Subsidiary) of the Issuer as an “Unrestricted Subsidiary” under this Indenture (a “Designation”) only if: (1) no Default shall have occurred and be continuing at the time of or immediately after giving effect to such Designation; and (2) at the time of and immediately after giving effect to such Designation, the Consolidated Leverage Test would be satisfied.
The maximum permitted ratios under our financial covenants and actual ratios were as follows: Financial Ratio Covenant Requirement Actual Ratio Leverage Test (Maximum) 5.00 3.08 Interest Coverage (Minimum) 3.00 6.60 Off-Balance Sheet Arrangements We enter into various off-balance-sheet arrangements in the ordinary course of business, primarily to meet the needs of our advisors’ clients.