Total Facility Usage Ratio Clause Samples

The Total Facility Usage Ratio clause defines the proportion of a credit facility that a borrower is currently utilizing relative to the total amount available. In practice, this ratio is calculated by dividing the outstanding borrowings and any undrawn commitments by the total facility limit, providing lenders and borrowers with a clear metric of facility usage. This clause is essential for monitoring compliance with facility covenants, managing credit risk, and ensuring that the borrower does not exceed agreed-upon usage thresholds.
Total Facility Usage Ratio. As defined in the Existing Credit Agreement in effect on the date hereof.
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Total Facility Usage Ratio. The ratio, expressed as a percentage, of (i) the Total Facility Usage at such time to (ii) the lesser of (A) the Total Commitment at such time or (B) the Aggregate Borrowing Base at such time.
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Total Facility Usage Ratio. If the Total Facility Usage Ratio exceeds 90% or, if after giving effect to all amounts requested, the Total Facility Usage Ratio would exceed 90%, the Borrowers shall be in compliance with the Fixed Charge Coverage Ratio contained in Section 10 for the most recently ended period of twelve (12) consecutive fiscal -129- months and the Borrowers shall have delivered to the Administrative Agent a Compliance Certificate to such effect and setting forth in reasonable detail computations evidencing compliance with such covenant.
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Total Facility Usage Ratio. The ratio, expressed as a percentage, of (a) at any time when any Last Out Revolving Loans are outstanding, (i) the Total Facility Usage at such time, to (ii) the lesser of (A) the Total Commitment at such time, plus Total Last Out Revolving Commitment at such time or (B) the Last Out Borrowing Base at such time and (b) at all other times, (i) the Total Revolving Facility Usage at such time, to (ii) the lesser of (A) the Total Commitment at such time or (B) the Aggregate Borrowing Base at such time.
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Related to Total Facility Usage Ratio

  • Maximum Total Leverage Ratio The Borrower shall not permit the Total Leverage Ratio as of the last day of any four-quarter period to be greater than 4.00:1.00. Notwithstanding the foregoing: (a) for purposes of calculating the Total Leverage Ratio, until the earlier of (i) the consummation of a Specified Acquisition and (ii) termination of the acquisition agreement related to such Specified Acquisition, the Total Leverage Ratio shall not include any Indebtedness of the Borrower or the Guarantors to the extent that (x) such Indebtedness was incurred solely to finance such Specified Acquisition (and any related transactions) and the proceeds of such indebtedness are held as cash or cash equivalents in an escrow or equivalent arrangement (pending the consummation of such Specified Acquisition) and (y) such Indebtedness is redeemable or prepayable at no more than 101% of the principal amount thereof (plus accrued interest) in the event that the Specified Acquisition is not consummated; and (b) upon the Administrative Agent’s receipt of a written notice substantially in the form of Exhibit F hereto (a “Specified Acquisition Notice”), the Total Leverage Ratio as of the last day of any period for the four-quarter period beginning with the period in which such Specified Acquisition is consummated (such period in which the Specified Acquisition is consummated, the “Specified Acquisition Consummation Period”) and continuing through the fourth consecutive fiscal quarter ended immediately following the first day of the Specified Acquisition Consummation Period shall not exceed 4.50:1.00 (in lieu of the ratio set forth for such period above); provided that (i) the Borrower may deliver a Specified Acquisition Notice no more than three times during the life of this Agreement and (ii) after any Specified Acquisition Consummation Period, the Borrower must have a Total Leverage Ratio of no more than 4.00:1.00 for at least two consecutive fiscal quarters before the Borrower may elect to deliver a Specified Acquisition Notice for an additional time.

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Total Leverage Ratio The Borrowers will not permit the Total Leverage Ratio on the last day of any fiscal quarter to exceed 3.75 to 1.00.