Maximum Leverage definition

Maximum Leverage means, in respect of each period during which financial statements are required to be delivered pursuant to Clause 19.1 (Financial statements), the ratio of Total Consolidated Liabilities, to Value Adjusted Total Assets, as shown in the applicable consolidated financial statements of the Guarantor for such accounting period and determined in accordance with GAAP.
Maximum Leverage means the ratio of Total Indebtedness to Total Assets.

Examples of Maximum Leverage in a sentence

  • According to this approach the globalization is expected to spread from the center west to the overall globe (Giddens, 1990).

  • Seller shall not, as of the end of each calendar month, permit the ratio of the Seller’s consolidated Indebtedness to consolidated Adjusted Tangible Net Worth to be greater than the Maximum Leverage Ratio.

  • The ratio of the Seller’s consolidated Indebtedness to Adjusted Tangible Net Worth is not greater than the Maximum Leverage Ratio.

  • The Partnership shall arrange for a nationally recognized independent accounting firm to compile financial data necessary to support compliance with the Equity Requirement and the Maximum Leverage Restriction and shall include the results of such accounting firm’s review in the annual financial reports delivered to the Series A Limited Partners.

  • If the Partnership is in violation of the Maximum Leverage Restriction following the cure period set forth in Section 16.8.C.3 above, or the General Partner is in violation of the Equity Requirement, Series A Limited Partners holding at least 10% of the then-outstanding Series A Preferred Units shall have the right to demand specific performance, including the right to demand the contribution of additional equity to the Partnership by the General Partner.


More Definitions of Maximum Leverage

Maximum Leverage means that quotient equal to (a) the sum of (i) Senior Secured Debt plus (ii) Subordinated Debt, divided by (b) Adjusted EBITDA."
Maximum Leverage means, at any time, the figure calculated using the following formula:
Maximum Leverage. The Leverage Ratio shall not exceed 0.50:1.00. ----------------
Maximum Leverage means the leverage specified as such in the definition of the relevant Series in the applicable Final Terms;
Maximum Leverage means, in respect of each period during which Applicable Accounts relate, the ratio of Total Debt to Adjusted Total Assets as shown in the Applicable Accounts for the Group for any accounting period and determined in accordance with the Applicable Accounting Principles;
Maximum Leverage means a Leverage ratio of 200:1, provided that for certain Products the Leverage shall be capped in lower levels e.g. 25:1 and 50:1 etc.
Maximum Leverage means Effective Value Liabilities divided by Effective Value Assets expressed as a percentage. Guarantor's Maximum Leverage shall be determined by Lender in accordance with the terms and provisions of this SECTION 6 and shall be measured as of each Quarterly Financial Covenant Test Date occurring after March 1, 2005.