Maximum Senior Leverage Ratio definition

Maximum Senior Leverage Ratio. Permit the Senior Leverage Ratio, as of the last day of any fiscal quarter ending during any period set forth in the table below, to exceed the ratio set forth opposite such period in the table below: Period Senior Leverage Ratio March 27, 2016 through September 24, 2016
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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.
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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.”
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Examples of Maximum Senior Leverage Ratio in a sentence

  • Maximum Senior Leverage Ratio ................................83 SECTION 6.13.

  • Maximum Senior Leverage Ratio...............................................................

  • 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..................................................

  • 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.

  • Incurrence covenants for permitted acquisitions under the Permanent Facilities (calculated on a pro forma basis giving effect to such acquisition) to include (but not limited to): (i) if the Alternate Financing Structure is not implemented: o Maximum Senior Leverage Ratio not to exceed 3.5 to 1.0, and o Minimum Interest Coverage Ratio to be determined.

  • Maximum Senior Leverage Ratio.................................................................

  • All covenants will be set at an initial level to be no more restrictive than the initial Maximum Senior Leverage Ratio.


More Definitions of Maximum Senior Leverage Ratio

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
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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
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Maximum Senior Leverage Ratio or "Maximum Senior Secured Leverage Ratio", as the case may be:
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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
Sample 1

Related to Maximum Senior Leverage Ratio

  • Senior Leverage Ratio means, as of any date of determination, on a Pro Forma Basis, the ratio of (i) Senior Indebtedness of the Borrower and its Subsidiaries as of such date to (ii) Annualized EBITDA for the Borrower and its Subsidiaries for the most recently ended Test Period.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • Consolidated Senior Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Senior Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • First Lien Leverage Ratio means, on any date, the ratio of (a) Consolidated First Lien Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Leverage Ratio means, as of any date, the ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Secured Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Net Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Consolidated First Lien Leverage Ratio means, as of the date of determination, the ratio of (a) Consolidated Indebtedness as of such date that is secured by first-priority Liens on the Collateral to (b) EBITDA for the most recently ended Test Period, in each case of the Borrower and its Restricted Subsidiaries on a consolidated basis.

  • Secured Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Secured Indebtedness Leverage Ratio means, with respect to any Person, at any date, the ratio of (1) the Consolidated Total Indebtedness of such Person that is secured by a Lien on any assets of such Person and its Restricted Subsidiaries as of such date of calculation (determined on a consolidated basis in accordance with IFRS) less the amount of cash, Cash Equivalents and debt service reserve accounts in excess of any Restricted Cash held by such Person and its Restricted Subsidiaries as of such date of determination to (2) Consolidated EBITDA of such Person for the four full fiscal quarters for which internal financial statements are available immediately preceding such date on which such additional Indebtedness is incurred. In the event that the specified Person or any of its Subsidiaries which are Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Secured Indebtedness Leverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Secured Indebtedness Leverage Ratio is made (the “Secured Indebtedness Leverage Ratio Calculation Date”), then the Secured Indebtedness Leverage Ratio will be calculated giving pro forma effect (as determined in good faith by a responsible accounting or financial officer of the Company) to such incurrence, assumption, guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom; provided that the Company may elect pursuant to an Officer’s Certificate delivered to the Trustee to treat all or any portion of the commitment under any Indebtedness as being incurred at such time, in which case any subsequent incurrence of Indebtedness under such commitment shall not be deemed, for purposes of this calculation, to be an incurrence at such subsequent time. In addition, for purposes of calculating the Secured Indebtedness Leverage Ratio:

  • Senior Secured Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Secured Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Senior Secured Net Leverage Ratio means as of any date of determination the ratio, on a Pro Forma Basis, of (a) Consolidated Senior Secured Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Consolidated Senior Secured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Senior Secured Indebtedness on such date to (b) the sum, without duplication, of (i) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date plus (ii) the amount of Specified Non-Recurring Charges taken during the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.