EBITDA Coverage Ratio definition

EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

EBITDA Coverage Ratio means, with respect to any period, the ratio of (i) EBITDA for such period to (ii) the aggregate amount of Interest Expense for such period.

EBITDA Coverage Ratio means, on any Transaction Date, the ratio of (i) Consolidated EBITDA for the then most recent Relevant Period prior to such Transaction Date for which consolidated financial statements of the Issuer are available to (ii) the aggregate Consolidated Fixed Charge of such Relevant Period. In making the foregoing calculation:

Examples of EBITDA Coverage Ratio in a sentence

• No dividend on the Preferred Stock will be paid in cash at any time that the Adjusted Consolidated EBITDA Coverage Ratio (as defined as of the date hereof in the indenture among the Company, the Subsidiary Guarantors (as defined therein) and The Bank of New York Trust Company, N.A. dated as of June 20, 2005) is less than 2.00 to 1.00.

• Borrower, together with the other Companies, will maintain the EBITDA Coverage Ratio, measured on a trailing 12 month basis as of the end of each fiscal quarter, at not less than 1.50:1.00.

• At the end of any fiscal quarter of Borrower, permit the EBITDA Coverage Ratio, determined on a four quarter rolling basis, to be less than 1.50:1.00.

• Neither the Company nor any of its Subsidiaries will incur, create, assume, guarantee or otherwise become liable for any additional Funded Debt unless, after giving effect thereto, the Company's Consolidated EBITDA Coverage Ratio exceeds 2.0 to 1.

• The Facility included restrictions on, among other things, additional debt, capital expenditures, investments, restricted payments, and other distributions, mergers and acquisitions, and contained covenants requiring the Company to meet a specified quarterly minimum EBITDA Coverage Ratio (the sum of earnings before interest, taxes, depreciation and amortization, as defined, divided by interest expense), calculated on a rolling four quarter basis, and a monthly minimum net worth test.

More Definitions of EBITDA Coverage Ratio

EBITDA Coverage Ratio means, for any period of Borrower and its --------------------- Subsidiaries on a consolidated basis, Consolidated EBITDA divided by the sum of the total interest expense plus current portion of long-term Debt plus current ---- ---- portion of advances for construction plus Distributions. ----

EBITDA Coverage Ratio with respect to any period means the ratio of (i) Consolidated EBITDA of the Company to (ii) the aggregate amount of Consolidated Interest Expense of the Company for such period; provided, however, that if any calculation of the Company’s EBITDA Coverage Ratio requires the use of any quarter prior to the Issue Date, such calculation shall be made on a pro forma basis, giving effect to the issuance of the Notes and the use of the net proceeds therefrom as if the same had occurred at the beginning of the four-quarter period used to make such calculation; and provided further that if any such calculation requires the use of any quarter prior to the date that any Asset Sale was consummated, or that any Indebtedness was incurred, or that any acquisition of a hospital or other healthcare facility or any assets purchased outside the ordinary course of business was effected, by the Company or any of its Subsidiaries, such calculation shall be made on a pro forma basis, giving effect to each such Asset Sale, incurrence of Indebtedness or acquisition, as the case may be, and the use of any proceeds therefrom, as if the same had occurred at the beginning of the four-quarter period used to make such calculation.

EBITDA Coverage Ratio means, as of any date of determination for any period, (a) EBITDA divided by (b) the sum of (i) the aggregate of the Companies’ total interest expense (excluding any interest expense attributable to intercompany debt subordinated pursuant to the Subordination Agreement) for such period plus (without duplication of amounts) and (ii) the current maturity of the Companies’ long-term senior debt paid in such period.

EBITDA Coverage Ratio means, as of the last day of any Fiscal Quarter, the ratio of :

EBITDA Coverage Ratio means EBITDA divided by the aggregate of total interest expense plus the current maturity of long-term debt and the current maturity of subordinated debt, and "EBITDA" means net profit before tax plus the non-cash portion of the $1,500,000 obligation of UDT Sensors, Inc. to the United States of America, plus interest expense (net of capitalized interest expense), depreciation expense and amortization expense.

EBITDA Coverage Ratio set forth in Section 1.01 of the Credit Agreement is hereby amended to read in full as follows (with the added text in bold and italics for the convenience of the reader):

EBITDA Coverage Ratio means the aggregate of net income after taxes plus minority interests, depreciation, amortization and other non-cash expenses plus interest expense plus tax provision divided by the aggregate of the current portion of long-term debt plus interest expense. For the purpose of determining the current portion of long term debt for the Term Loan to the extent that such loans become due within one (1) year following the date as of which EBITDA Coverage Ratio is being determined, the current portion to be used for this covenant calculation shall be equal to the required monthly principal payment in the month prior to the maturity times 12.