Leverage Ratio

Leverage Ratio. The Borrower will not permit its Consolidated Leverage Ratio to be in excess of (i) 5.75 to 1.00 as of the last day of the Test Periods ending on June 30, 2017 through September 30, 2018, (ii) 5.65 to 1.00 as of the last day of the Test Period ending on December 31, 2018, (iii) 5.50 to 1.00 as of the last day of the Test Periods ending on March 31, 2019 through June 30, 2020, (iv) 5.75 to 1.00 as of the last day of the Test Periods ending September 30, 2020 through March 31, 2021 and (v) 5.50... to 1.00 as of the last day of any Test Period ending thereafter. View More

Leverage Ratio. Leverage Ratio means, on any date, the ratio of (a) (i) Consolidated Funded Indebtedness as of such date less (ii) the aggregate amount of Unrestricted Cash as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended on or prior to such date.

Leverage Ratio. The meaning assigned to such term in the Partnership's revolving credit facility as of the first day of any given Plan Year; provided, that, for the purposes of calculating the Leverage Ratio for this Plan, EBITDA, as defined in the Partnership's revolving credit facility, attributable to the full Plan Year shall be used in lieu of any other time period.