Consolidated Indebtedness to Consolidated EBITDA Ratio definition

Consolidated Indebtedness to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Indebtedness of Visa Inc. and its Subsidiaries as of such date to (b) Consolidated EBITDA for the period of four fiscal quarters of Visa Inc. and its Subsidiaries ended on or most recently prior to such date.
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Consolidated Indebtedness to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of
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Consolidated Indebtedness to Consolidated EBITDA Ratio means, as at any date of determination, the ratio of Consolidated Indebtedness, as of such date of determination, to Consolidated EBITDA for the rolling four-quarter period ending upon such date of determination.
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Examples of Consolidated Indebtedness to Consolidated EBITDA Ratio in a sentence

  • As of the last day of each Fiscal Quarter, the Borrowers shall not permit their Consolidated Indebtedness to Consolidated EBITDA Ratio to exceed 3.5 to 1.0.

  • Permit, as of the end of any month, the Consolidated Indebtedness to Consolidated EBITDA Ratio to be greater than 3.75 to 1.


More Definitions of Consolidated Indebtedness to Consolidated EBITDA Ratio

Consolidated Indebtedness to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Indebtedness of Visa Inc and its Subsidiaries as of such date to (b) Consolidated EBITDA for the period of four fiscal quarters of Visa Inc. and its Subsidiaries ended on or most recently prior to such date. For purposes of calculating the Consolidated Indebtedness to Consolidated EBITDA Ratio as of the end of any fiscal quarter ended on or before September 30, 2008, (a) the Consolidated EBITDA of Visa Inc. and its Subsidiaries for the fiscal quarter ended March 31, 2007 shall be deemed to be one-half of the pro forma Consolidated EBITDA of Visa Inc. and its Subsidiaries for the two fiscal quarters ended Xxxxx 00, 0000, (x) the Consolidated EBITDA of Visa Inc. and its Subsidiaries for the fiscal quarter ended June 30, 2007 shall be deemed to be the difference between (i) the pro forma Consolidated EBITDA of Visa Inc. and its Subsidiaries for the three fiscal quarters ended June 30, 2007 and (ii) the pro forma Consolidated EBITDA of Visa Inc. and its Subsidiaries for the two fiscal quarters ended March 31, 2007 and (c) the Consolidated EBITDA of Visa Inc. and its Subsidiaries for the fiscal quarter ended September 30, 2007 shall be deemed to be the difference between (y) the pro forma Consolidated EBITDA of Visa Inc. and its Subsidiaries for the four fiscal quarters ended on September 30, 2007 and (z) the pro forma Consolidated EBITDA of Visa Inc. and its Subsidiaries for the three fiscal quarters ended June 30, 2007, in each case based on the pro forma financial statements heretofore filed by Visa Inc. with the Securities and Exchange Commission.
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Consolidated Indebtedness to Consolidated EBITDA Ratio at the end of any FQED, the ratio of (A) Consolidated Indebtedness on such date to (B) Consolidated EBITDA for the immediately preceding four (4) fiscal quarters (ending on such date). For purposes of testing the financial condition covenants in subsections 7.1(a) and 7.1(b) only (i.e. not for other financial covenants or pricing), the Borrower may add Consolidated EBITDA of any acquired entity for such four fiscal quarters plus any verifiable non-recurring expenses.
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Consolidated Indebtedness to Consolidated EBITDA Ratio at the end of any month, the ratio of (a) Consolidated Indebtedness on such date to (b) Consolidated EBITDA for the immediately preceding twelve (12) months (ending on such date). Note: For purposes of Section 7.1(a) only (i.e. not for pricing under the Pricing Grid), the Borrower may add for such twelve (12) months (i) Consolidated EBITDA of any entity acquired in a Permitted Acquisition or identified in Note 1 to the Unaudited Pro Forma Consolidated Financial Information contained in the Prospectus, plus any compensation paid by such entity to any shareholder of such entity during such period to the extent such shareholder is not continuing to receive compensation or consulting or similar fees from the Borrower or any of its Subsidiaries subsequent to the acquisition and (ii) any verifiable non-recurring expenses approved by the Required Banks.
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Consolidated Indebtedness to Consolidated EBITDA Ratio at the end of any month, the
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Consolidated Indebtedness to Consolidated EBITDA Ratio under and as defined in the AMETEK Credit Agreement is greater than 3.0:1.0. Notwithstanding the foregoing, a failure of a representation or warranty or breach of any covenant described in clause (a), (c) or (d) above related to a Receivable shall not constitute a Termination Event if the Seller has been deemed to have collected such Receivable pursuant to Section 1.5(b) or, before the Termination Date, has adjusted the Sold Interest as provided in Section 1.5(c) so that such Receivable is no longer considered to be outstanding.
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Related to Consolidated Indebtedness to Consolidated EBITDA Ratio

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.

  • Consolidated Indebtedness means at any time all Indebtedness of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated EBIT means, for any fiscal period, Consolidated Net Income for such period plus, to the extent deducted in determining Consolidated Net Income for such period, the aggregate amount of (i) Consolidated Interest Expense and (ii) federal, state and local income tax expense.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed four fiscal quarters.

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Consolidated Debt means, at any date, the Debt of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis as of such date.

  • Consolidated Total Debt at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Debt means, as of any date of determination, (a) Consolidated Total Debt minus (b) the aggregate amount of cash and Cash Equivalents of the Borrower and the Restricted Subsidiaries as of such date that is not Restricted.

  • Consolidated EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (x) Consolidated Net Leverage at such date to (y) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available; provided, however, that for the purposes of calculating Consolidated EBITDA for such period, if, as of such date of determination:

  • Consolidated Net Indebtedness means at any time, Consolidated Total Indebtedness minus all Unrestricted Cash of the Borrowers and their Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated Funded Indebtedness means, as of any date of determination with respect to the MLP and its Subsidiaries on a consolidated basis, without duplication, the sum of: (a) all obligations for borrowed money (including the Obligations) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) the maximum amount available to be drawn under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (c) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business); (d) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by the MLP or a Subsidiary (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by the MLP or such Subsidiary or is limited in recourse; (e) all Attributable Indebtedness; (f) all obligations to purchase, redeem, retire, defease or otherwise make any payment prior to the Maturity Date in respect of any Equity Interests or any warrant, right or option to acquire such Equity Interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; (g) all Guarantees with respect to Indebtedness of the types specified in clauses (a) through (f) above of another Person; and (h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which any Loan Party or any Subsidiary is a general partner or joint venturer, except to the extent that Indebtedness is expressly made non-recourse to such Person.

  • Consolidated Total Indebtedness means, as at any date of determination, an amount equal to the sum of (a) the aggregate principal amount of all outstanding Indebtedness of the Borrower and the Restricted Subsidiaries on a consolidated basis consisting of Indebtedness for borrowed money, obligations in respect of Capitalized Lease Obligations, Attributable Debt in respect of Sale and Lease-Back Transactions and debt obligations evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (and excluding (i) any undrawn letters of credit issued in the ordinary course of business and (ii) Indebtedness of Securitization Entities incurred under clause (18) of the definition of the term “Permitted Indebtedness”), (b) the aggregate amount of all outstanding Disqualified Capital Stock of the Borrower and all Disqualified Capital Stock and Preferred Stock of the Restricted Subsidiaries (excluding items eliminated in consolidation), with the amount of such Disqualified Capital Stock and Preferred Stock equal to the greater of their respective voluntary or involuntary liquidation preferences and Maximum Fixed Repurchase Prices, (c) guarantees and other contingent obligations of the Borrower and the Restricted Subsidiaries (excluding items eliminated in consolidation and only to the extent related to Indebtedness that would constitute “Consolidated Total Indebtedness” under clause (a) or (b)), with the amount of such guarantees or other contingent obligations deemed to be an amount equal to the maximum stated amount of the guarantee or contingent obligation or, if none, the stated or determinable amount of the primary Indebtedness in respect of which such guarantee or contingent obligation is made or, if there is no stated or determinable amount of the primary Indebtedness, the maximum reasonably anticipated liability in respect thereof (assuming the Borrower or such Restricted Subsidiary, as applicable, is required to perform thereunder) as determined by the Borrower in good faith and (d) Indebtedness that would constitute “Consolidated Total Indebtedness” under clause (a) or (b) which are secured by any Lien on any property or asset of the Borrower or any of the Restricted Subsidiaries (excluding items eliminated in consolidation), with the amount of such obligation being deemed to be the lesser of the fair market value of such property or asset and the amount of the obligation so secured, in each case determined on a consolidated basis in accordance with GAAP. For purposes of this definition, the “Maximum Fixed Repurchase Price” of any Disqualified Capital Stock or Preferred Stock that does not have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Capital Stock or Preferred Stock as if such Disqualified Capital Stock or Preferred Stock were purchased on any date on which Consolidated Total Indebtedness shall be required to be determined pursuant to this Agreement, and if such price is based upon, or measured by, the fair market value of such Disqualified Capital Stock or Preferred Stock, such fair market value shall be determined reasonably and in good faith by the Borrower.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.