Permitted Leverage Ratio
Permitted Leverage Ratio. Means either 55% or 50%, as determined from time to time as provided in Section 9.2. The Permitted Leverage Ratio as of December 31, 2008 shall be 50% and shall be subject to adjustment from time to time thereafter as provided in Section 9.2.
All Definitions
Found in
M.D.C. Holdings, Inc. contract
