Leverage Ratio

Leverage Ratio. Shall mean with respect to Payor for any period, the ratio of the Indebtedness of Payor and its Subsidiaries for such period to the EBITDA of Payor and its Subsidiaries for such period.

Leverage Ratio. MEANS AS TO ANY PERSON AS OF THE LAST DAY OF ANY FISCAL QUARTER, THE RATIO OF (I) THE SUM OF FUNDED DEBT AS OF SUCH DATE PLUS ALL OBLIGATIONS OF SUCH PERSON AS LESSEE UNDER LEASES THAT ARE OR ARE REQUIRED TO BE, IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, RECORDED AS CAPITAL LEASES AS OF SUCH DATE TO (II) EBITDA FOR THE PERIOD OF FOUR CONSECUTIVE FISCAL QUARTERS THEN ENDING.

Leverage Ratio. The ratio of (a) Consolidated Total Liabilities to (b) Consolidated Tangible Net Worth.

Leverage Ratio. The Leverage Ratio of AIC shall not exceed 20.0 to 1.0 at any time.

Leverage Ratio. Means, at any time, the ratio of (i) the aggregate principal amount of all indebtedness of AIC and its Subsidiaries at such time which on a consolidated basis in accordance with GAAP would be required to be reflected on a consolidated balance sheet of AIC, and its Subsidiaries as a liability to (ii) the Tangible Net Worth of AIC and its Subsidiaries.

Leverage Ratio. 'Leverage Ratio' means, on any date, the ratio of (a) Total Debt as of such date to (b) Consolidated EBITDA for the twelve-fiscal-month period of the Borrower ended on such date (or, if such date is not the last day of a fiscal month, ended on the last day of the fiscal month of the Borrower most recently ended prior to such date), all determined on a consolidated basis in accordance with... GAAP. View More

Leverage Ratio. Is defined in the Indenture dated as of January 26, 2004 between the Company and The Bank of New York.

Leverage Ratio. Means, at any time, the ratio of Guarantor's Consolidated Total Indebtedness to Guarantor's Consolidated Adjusted Tangible Net Worth; provided, however, that only for purposes of determining Guarantor's Leverage Ratio, the amount of Guarantor's Consolidated Total Indebtedness as of any date shall be reduced by (i) the amount by which (a) the average of the aggregate month-end unrestricted cash, restricted cash due from title companies and Cash Equivalents balances of Borrowers and Guarantor,... each on a consolidated basis, during the Fiscal Quarter then-ended exceeds (b) $20,000,000, and (ii) the amount of any Permitted Debt that is attributable to any Option Agreement. View More

Leverage Ratio. Means, at any time, the ratio of Guarantor's Consolidated Total Indebtedness to Guarantor's Consolidated Adjusted Tangible Net Worth; provided, however, that only for purposes of determining Guarantor's Leverage Ratio, the amount of Guarantor's Consolidated Total Indebtedness as of any date shall be reduced by the amount of any restricted cash from the sale of settled Units due from title companies on such date if and to the extent the Guarantor's Consolidated Total Indebtedness is reduced... within four (4) Business Days after such date by application of any such amounts of restricted cash due from title companies. View More

Leverage Ratio. Means the ratio of Borrower's Interest Bearing Debt to EBITDA (calculated on a 4-quarter rolling average).