Maximum Senior Leverage Ratio definition

Maximum Senior Leverage Ratio. As of any fiscal quarter end, permit the Senior Leverage Ratio to be greater than the corresponding ratio set forth below: Period Ratio ------------------------------------------------- ------------------------------ Closing Date through September 29, 2005 2.25 to 1.00 September 30, 2005 through September 29, 2006 2.00 to 1.00 Thereafter 1.75 to 1.00

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Maximum Senior Leverage Ratio set forth in the foregoing table shall be increased by an additional 0.25:1.00 in excess of the applicable level otherwise provided above.

Maximum Senior Leverage Ratio. Company shall not permit the Senior Leverage Ratio as of the last day of the most recently ended Fiscal Quarter (i), for each Fiscal Quarter ending on or prior to June 30, 2002, to exceed 2.50:1.00, and (ii), for each Fiscal Quarter ending on or subsequent to September 30, 2002, to exceed 2.75:1.00, in each case whether calculated on an Annualized Basis or an LTM Basis.”

Examples of Maximum Senior Leverage Ratio in a sentence

Maximum Senior Leverage Ratio...............................................................
Maximum Senior Leverage Ratio ................................83 SECTION 6.13.
Maximum Senior Leverage Ratio..................................................
Bank hereby waives Borrower's existing default under the Loan Agreement by virtue of Borrower's failure to comply with the Maximum Senior Leverage Ratio and Liquidity Coverage Ratio set forth in Section 6.6 of the Loan Agreement for the months ended September 30, 2005, October 31, 2005, and November 30, 2005.
Maximum Senior Leverage Ratio ...................................................
FINANCIAL COVENANTS 69 7.1 Maximum Senior Leverage Ratio 69 7.2 Maximum Total Leverage Ratio 69 7.3 Minimum Interest Coverage Ratio 69 7.4 Minimum Cash Balance 70 8.
Maximum Senior Leverage Ratio.................................................................

More Definitions of Maximum Senior Leverage Ratio

Maximum Senior Leverage Ratio. The Senior Leverage Ratio shall not, as of any Test Date during any period set forth in the table below, exceed the ratio set forth opposite such period in the table below: Period Ratio Closing Date - 5/31/00 7.00 6/1/00 - 8/31/00 6.50 9/1/00 - 11/30/00 6.25 12/1/00 - 2/28/01 6.00 3/1/01 - 5/31/01 5.75 6/1/01 - 8/31/01 5.50 9/1/01 - 11/30/01 5.25 12/1/01 - 2/28/02 5.00 3/1/02 - 5/31/02 4.75 6/1/02 - 8/31/02 4.50 9/1/02 - 2/28/03 4.25 3/1/03 - 5/31/03 4.00 6/1/03 - 8/31/03 3.75 9/1/03 - 2/29/04 3.50 3/1/04 - 5/31/04 3.25 6/1/04 and thereafter 3.00

Maximum Senior Leverage Ratio. As of the Closing Date and for all 2.20:1.00 Monthly Fiscal Periods ending in Annual Fiscal Period 2003 Monthly Fiscal Periods ending in 2.05:1.00 Annual Fiscal Period 2004 Monthly Fiscal Periods ending in 2.00:1.00 Annual Fiscal Period 2005 Monthly Fiscal Periods ending in 2.20:1.00 Annual Fiscal Period 2006 and thereafter

Maximum Senior Leverage Ratio or "Maximum Senior Secured Leverage Ratio", as the case may be:

Maximum Senior Leverage Ratio. Permit the ratio (the "Senior Leverage Ratio") of the Consolidated Funded Indebtedness of the Company and its Subsidiaries (excluding any Additional Subordinated Debt included therein) at any Quarterly Date during any period set forth below to the Consolidated EBITDA of the Company for the Reference Period ending on such Quarterly Date to be greater than the ratio set forth in the table below for the period during which such date falls: -51- Closing Date through January 2, 2005 2.00:1.00 January 3, 2005 through April 3, 2005 2.25:1.00 April 4, 2005 through July 3, 2005 2.50:1.00 July 4, 2005 through July 2, 2006 2.75:1.00 July 3, 2006 through October 1, 2006 2.50:1.00 October 2, 2006 through December 31, 2006 2.25:1.00 January 1, 2007 through April 1, 2007 2.00:1.00 April 2, 2007 through July 1, 2007 1.75:1.00 July 2, 2007 through December 30, 2007 1.50:1.00 December 31, 2007 and thereafter 1.00:1.00