Examples of Consolidated Total Indebtedness in a sentence
Unless otherwise specified, all accounting terms used in each Loan Document shall be interpreted, and all accounting determinations and computations thereunder (including under Consolidated EBITDA, Consolidated Total Indebtedness, Leverage Ratio and the component definitions used in such calculations) shall be made, in accordance with GAAP, applied in a consistent manner except as otherwise specifically prescribed herein.
Permit, on the last day of any fiscal quarter of the Borrower, the ratio of (x) Consolidated Total Indebtedness at such date to (y) the Consolidated EBITDA for the Calculation Period ending on such date to exceed 5.0 to 1.0.
The Company will not permit the ratio (the “Total Leverage Ratio”), determined as of the end of each of its fiscal quarters, commencing with the quarter ending December 31, 2014, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of the then most-recently ended four (4) consecutive fiscal quarters, all calculated for the Consolidated Financial Covenant Entities on a consolidated basis, to be greater than 3.75 to 1.00.
For the avoidance of doubt, Consolidated Total Indebtedness includes all Attributable Receivables Indebtedness.