Net Senior Leverage Ratio Sample Clauses
The Net Senior Leverage Ratio clause defines the maximum allowable ratio of a company's senior debt to its earnings, typically measured as a financial covenant in loan agreements. This ratio is calculated by dividing the total senior debt, net of cash or cash equivalents, by a measure of earnings such as EBITDA. For example, a lender may require that the borrower's net senior leverage ratio does not exceed a specified threshold during the term of the loan. The core function of this clause is to limit the borrower’s financial risk and ensure they maintain a manageable level of senior debt relative to their earnings, thereby protecting the lender’s interests.
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Net Senior Leverage Ratio. (Senior Debt to EBITDA) Guarantor shall not permit the Net Senior Leverage Ratio of Guarantor on a Consolidated Basis as of the end of any fiscal quarter during any fiscal year (calculated as of the end of such fiscal quarter) to exceed 4 to 1.
Net Senior Leverage Ratio. Permit the Net Senior Leverage Ratio for any period of 4 consecutive Fiscal Quarters of Parent and its Subsidiaries for which the last Fiscal Quarter ends on a date set forth below to be greater than the ratio set forth opposite such date:
Net Senior Leverage Ratio. Equinox shall at all times maintain the Net Senior Leverage Ratio at less than or equal to 2.50: 1.00 and shall calculate the Net Senior Leverage Ratio as at the last day of each Fiscal Quarter.
Net Senior Leverage Ratio. Commencing with the Fiscal Quarter ending March 30, 2019, maintain as of the end of each Fiscal Quarter, a Net Senior Leverage Ratio of not greater than the applicable ratio set forth below for each four (4) consecutive Fiscal Quarter period then ended set forth below:
Net Senior Leverage Ratio. The Net Senior Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Borrower ending on or about the last day of any calendar quarter ending during any period described below will not be greater than the ratio set forth below opposite the period during which such calendar quarter ends:
Net Senior Leverage Ratio. The Net Senior Leverage Ratio of Parent and its Subsidiaries, for the four Fiscal Quarter period ended on the Reporting Date is ___ to 1.0, which [satisfies / does not satisfy] the requirement set forth in Section 8(a) of the Credit Agreement.
Net Senior Leverage Ratio. The Parent shall ensure that its Net Senior Leverage Ratio as at the end of each Fiscal Quarter, is not greater than 2.20:1.00, provided that such ratio shall be increased to 2.45:1.00 for the two (2) Fiscal Quarters immediately following the completion of a Material Acquisition, after which the ratio shall reduce to 2.20:1.00 for each subsequent Fiscal Quarter thereafter.