Leverage Ratio

Leverage Ratio. Shall mean, at any time, the ratio of (a) the Adjusted Long-Term Debt at such time to (b) the sum of (i) the Adjusted Long-Term Debt at such time plus (ii) the Adjusted Shareholders Equity at such time.

Leverage Ratio. Total Recourse Net Debt divided by Total Capital, where (i) Total Recourse Net Debt means all recourse debt obligations (long-term and short-term) on the Company's balance sheet at face value less cash and cash equivalents, excluding debt in excess of $10 million incurred during the fiscal year as a result of a merger, acquisition, or joint venture, and as adjusted for changes in Generally Accepted Accounting Principles, and (ii) Total Capital means Total Recourse Net Debt plus the book value... of Shareholders Equity. Leverage Ratio for a fiscal year will be the average of the Leverage Ratio at the end of each fiscal quarter of such fiscal year View More

Leverage Ratio. Means, as of any date of determination, the ratio of (a) Debt (excluding Debt evidenced by the Note) as of such date to (b) EBITDA (plus Debt evidenced by the Note) of the Company and its Restricted Subsidiaries on a consolidated basis for the most recently completed Rolling Period.

Leverage Ratio. The Borrower will not permit the Leverage Ratio as of any date after the Closing Date to be greater than 0.375 to 1.00, provided, however, that during the Increased Leverage Period only, in lieu of the foregoing, the Borrower will not permit the Leverage Ratio to be greater than 0.425 to 1.00.

Leverage Ratio. The Borrower will not permit the Leverage Ratio as of the last day of any period set forth below to exceed the ratio set forth opposite such period: Period Ratio 12/31/13 4.50:1.0 3/31/14 and thereafter 4.25:1.0

Leverage Ratio. Calculated on a pro forma basis.

Leverage Ratio. The ratio of Total Debt as of the end of a Plan Year to EBITDAX for such Plan Year

Leverage Ratio. The ratio of (a) Consolidated Funded Indebtedness on the last day of any Fiscal Period to (b) Consolidated EBITDA for the period of four Fiscal Periods ending on the last day of such Fiscal Period.

Leverage Ratio. As of any date of determination thereof, the ratio of (a) Net Debt of Borrower and its Subsidiaries, on a consolidated basis in accordance with GAAP, as of such date to (b) Adjusted EBITDA of Borrower and its Subsidiaries, on a consolidated basis, for the Test Period most recently ended

Leverage Ratio. Means, as of each Test Period, the quotient of Borrower's (i) total Funded Debt for such Test Period divided by (ii) EBITDAX for such Test Period. For purposes of this calculation, "Test Period" shall mean a building trailing twelve-month period, commencing with the first quarterly calculation on March 31, 2021 (1Q21 multiplied by 4), then the second quarterly calculation on June 30, 2021 (2Q21 plus 1Q21, multiplied by 2), then the third quarterly calculation on September 30, 2021 (3Q21 plus... 2Q21 plus 1Q21, multiplied by 4/3), until a full trailing twelve-month period is achieved. View More