Senior Leverage Ratio

Senior Leverage Ratio. ‘Senior Leverage Ratio' shall mean, at any date of determination, the ratio of (i) Consolidated Senior Indebtedness on such date to (ii) Consolidated EBITDA for the Test Period most recently ended (taken as one accounting period).

Senior Leverage Ratio. Means, as of any date of determination, the aggregate outstanding Senior Indebtedness as of such date (excluding Senior Indebtedness evidenced by the Senior Notes and any guaranties thereof) divided by EBITDA for the twelve month period ending on such date.

Senior Leverage Ratio. As of the end of each fiscal quarter of the Borrower, with respect to the Borrower and its Subsidiaries on a consolidated basis, the ratio of (a) Total Indebtedness on such date (provided that, for purposes of this definition, Total Indebtedness shall include Indebtedness described in clause (g) of the definition of such term only to the extent that the aggregate Dollar Equivalent Amount thereof exceeds $250,0000,000) minus the aggregate... principal amount of the Senior Subordinated Notes outstanding on such date to (b) EBITDA for the twelve month period ending on such date. View More

Senior Leverage Ratio. Means, with respect to LEAF, the result obtained by dividing LEAF's Combined Recourse Debt by LEAF'S Adjusted Partner's Capital. For such determination, "Combined Recourse Debt" means all of LEAF's debts and liabilities, but excluding third party accounts payable, accrued expenses, non-recourse debt and intercompany obligations, and "Adjusted Partner's Capital" means partner's capital (in accordance with GAAP with no adjustment for other comprehensive income accounted for pursuant to SFAS... 133/138) plus "Due to General Partner" plus subordinated debt, if any. For such determination (including Section 7.02(jj)), "Due to General Partner" means amounts, as set forth in the financial statements of LEAF, that are due to LEAF Financial Corporation and its affiliates, as general partner of LEAF, for management fees and expenses due for servicing the Securitized Portfolio in addition to amounts LEAF Financial Corporation has paid for property taxes due on the Securitized Portfolio that have been billed to Customers. View More

Senior Leverage Ratio. As of the end of any fiscal quarter, the ratio of (a) the difference between (i) the sum of (A) all indebtedness of the Borrower and its consolidated Restricted Subsidiaries as determined in accordance with GAAP as of such date of determination plus (B) without duplication, all direct or contingent obligations of the Borrower and its Restricted Subsidiaries arising under letters of credit (including standby and commercial), bankers' acceptances, bank guaranties, surety bonds and similar... instruments as of such date of determination plus (C) without duplication, all Guarantees of the Borrower and its Restricted Subsidiaries in respect of Debt of any other Person minus (ii) the sum of unsecured Debt or subordinated Debt, to (b) the EBITDA of the Borrower and its consolidated Restricted Subsidiaries for the twelve month period then ended; provided that, if any fiscal quarter end occurs during any Redemption Period, the principal amount of the Existing Notes to be refinanced with the proceeds of the New Notes shall be excluded from the calculation of the Senior Leverage Ratio for such fiscal quarter; provided that such Existing Notes shall have been repaid with the proceeds of such New Notes prior to the date that the financial statements for such fiscal quarter are required to be delivered pursuant to Section 5.2(a) or (b). View More

Senior Leverage Ratio. As at the last day of any period, the ratio of (a) Consolidated Senior Indebtedness on such day to (b) Consolidated EBITDA for such period