Consolidated Total Adjusted Leverage Ratio Sample Clauses
The Consolidated Total Adjusted Leverage Ratio clause defines a financial metric used to assess a company's overall indebtedness relative to its adjusted earnings. This ratio typically compares the total consolidated debt of a company, adjusted for certain items like cash or non-recurring expenses, to its adjusted EBITDA or similar earnings measure. It is commonly used in loan agreements or bond covenants to set limits on how much debt a company can incur, ensuring that the borrower maintains a manageable level of leverage. The core function of this clause is to protect lenders by monitoring and restricting excessive borrowing, thereby reducing credit risk.
Consolidated Total Adjusted Leverage Ratio. As of the last day of any calendar quarter ending during the periods specified below, permit the Consolidated Total Adjusted Leverage Ratio to be greater than the corresponding ratio set forth below: June 30, 2013 through December 31, 2015 3.75 to 1.00 March 31, 2016 and thereafter 3.50 to 1.00
Consolidated Total Adjusted Leverage Ratio. (i) The Borrowers shall not permit the Consolidated Total Adjusted Leverage Ratio for any Twelve Month Measurement Period ending during any fiscal month commencing with the month ending December 31, 2009, to be greater than the amount set forth below opposite such Measurement Period ending date: December 31, 2009 3.0 to 1 January 30, 2010 3.0 to 1 February 28, 2010 3.0 to 1 March 31, 2010 2.75 to 1 April 30, 2010 2.75 to 1 May 31, 2010 2.75 to 1 June 30, 2010 2.5 to 1 July 31, 2010 2.5 to 1 August 31, 2010 2.5 to 1 September 30, 2010 2.25 to 1 October 31, 2010 2.25 to 1 November 30, 2010 2.25 to 1 For each Twelve Month Measurement Period ending on during any fiscal month commencing with the month ending December 31, 2010, to and including the month ending April 30, 2012 2.0 to 1
Consolidated Total Adjusted Leverage Ratio. (i) The Borrowers shall not permit the Consolidated Total Adjusted Leverage Ratio for any Twelve Month Measurement Period ending during any fiscal quarter commencing with the quarter ending December 31, 2008, to be greater than the amount set forth below opposite such Measurement Period ending date: December 31, 2008 3.0 to 1 March 31, 2009 2.5 to 1 June 30, 2009 2.5 to 1 September 30, 2009 2.5 to 1 December 31, 2009 2.5 to 1 March 31, 2010 2.25 to 1 June 30, 2010 2.25 to 1 September 30, 2010 2.0 to 1 December 31, 2010 2.0 to 1 March 31, 2011 2.0 to 1 June 30, 2011 1.5 to 1 September 30, 2011 1.5 to 1 December 31, 2011 1.5 to 1 March 31, 2012 1.5 to 1
Consolidated Total Adjusted Leverage Ratio. The Consolidated Total Adjusted Leverage Ratio, as of the last day of each Fiscal Quarter of the Borrower occurring during the periods indicated below, shall be less than or equal to the following: Fiscal Quarter ending September 27, 2007 through and including Fiscal Quarter ending June 25, 2009 6.50 to 1.00 Fiscal Quarter ending September 24, 2009 and each Fiscal Quarter ending thereafter 6.25 to 1.00
Consolidated Total Adjusted Leverage Ratio. A. Line II.A times eight (8) $
B. The amount of unrestricted cash and Cash Equivalents of the Borrower and its Domestic Subsidiaries (other than any Unrestricted Subsidiaries) in excess of $20,000,000 $
C. The sum of Lines I.A and V.A, less Line V.B $
D. Consolidated Total Adjusted Leverage Ratio: Line V.C divided by Line IV.A ____ to 1.00 Maximum Permitted under Section 9.15 for such period: [3.75 to 1.00]3 [3.5 to 1.00]4