Common use of Closing Date Leverage Ratio Clause in Contracts

Closing Date Leverage Ratio. The Agent shall have received evidence satisfactory to the Agent that the Borrower’s Leverage Ratio on the Closing Date does not exceed 1.00:1.00.

Closing Date Leverage Ratio. The Agent shall have received evidence reasonably satisfactory to the Agent that the Borrower’s Leverage Ratio it that, on the Closing Date does and based on the financial statements described in subsection 4.1E(ii), the Consolidated Leverage Ratio of Borrower and its Subsidiaries shall not exceed 1.00:1.003.5x.