Margin Level I Status definition
Margin Level I Status as to the Borrower, shall exist on an Adjustment Date if the Fixed Charge Coverage Ratio as of the last day of the period covered by the financial statements relating to such Adjustment Date is less than or equal to 1.75 to 1.00.
Margin Level I Status shall exist on an Adjustment Date if the Consolidated Indebtedness Ratio as of the last day of the period covered by the financial statements relating to such Adjustment Date is greater than or equal to 2.0 to 1.