Incurrence Ratio. As at any date of determination, the maximum Leverage Ratio permitted under §11.1 as at the end of the most recently ended Reference Period for which the Borrowers have delivered a Compliance Certificate, less 0.15.
Appears in 1 contract
Sources: Revolving Credit Agreement (McCormick & Schmick Holdings, L.L.C.)
Incurrence Ratio. As at any date of determination, the maximum Adjusted Leverage Ratio permitted under §11.1 as at the end of the most recently ended Reference Period for which the Borrowers have delivered a Compliance Certificate, less 0.150.25.
Appears in 1 contract
Sources: Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.)