Adjusted Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date less the Adjusted Cash Balance as of such date to (b) Consolidated EBITDA for the Four-Quarter Period most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b).
Adjusted Consolidated Leverage Ratio has the meaning specified in Section 7.11(a).
Adjusted Consolidated Leverage Ratio means, with respect to the US Borrower and its Restricted Subsidiaries as of the end of any fiscal quarter of the US Borrower, the ratio of Adjusted Consolidated Total Debt on such date to EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.
Examples of Adjusted Consolidated Leverage Ratio in a sentence
Each Swingline Loan (as defined in the Amended and Restated Credit Agreement) bears interest at the Base Rate, plus an applicable margin based on our Adjusted Consolidated Leverage Ratio (as defined in the Amended and Restated Credit Agreement).
Permit the Adjusted Consolidated Leverage Ratio as of the end of any fiscal quarter of the Company to be greater than 3.25:1.00.
Permit the Adjusted Consolidated Leverage Ratio as of the end of any fiscal quarter of the Company to be greater than 3.00:1.00.
Permit the Lease Adjusted Consolidated Leverage Ratio as of the end of any fiscal quarter of Holdings to be greater than 5.00 to 1.00.
Consultative and follow up care with appropriate specialists are also supported.
More Definitions of Adjusted Consolidated Leverage Ratio
Adjusted Consolidated Leverage Ratio means, at any time, the ratio of Adjusted Consolidated Debt at such time to Consolidated EBITDA for the Test Period ended on the date of determination or, if the date of determination is not the last day of a Test Period, for the then most recently ended Test Period.
Adjusted Consolidated Leverage Ratio means, with respect to any period, the Consolidated Leverage Ratio; provided that (i) pro forma effect is given to any Asset Sales (including the application of the proceeds of any Asset Sales) that occur during the period, as if they had occurred and the proceeds had been applied on the first day of the period, and (ii) pro forma effect is given to any Asset Sales (including the application of the proceeds of any Asset Sales) that have been made by any Person that has become a Restricted Subsidiary or has merged with or into the Company or any of its Restricted Subsidiaries during the period and would have constituted Asset Sales had the transactions occurred when that Person was a Restricted Subsidiary as if they were Asset Sales that occurred on the first day of the period.
Adjusted Consolidated Leverage Ratio means, as of the end of any fiscal quarter of the Borrower for the four fiscal quarter period ending on such date with respect to the Borrower and its Subsidiaries on a consolidated basis, the ratio of (a) (i) Funded Debt of the Borrower and its Subsidiaries on a consolidated basis on the last day of such period minus (ii) the amount of cash and Cash Equivalents held by the Borrower and its Subsidiaries on the last day of such period to (b) Consolidated EBITDA for such period.
Adjusted Consolidated Leverage Ratio means, with respect to any Person at any date, the ratio of (a) the aggregate amount of all Indebtedness of such Person and its Restricted Subsidiaries less cash and cash equivalents (excluding restricted cash), in each case, determined on a consolidated basis in accordance with GAAP as of such date to (b) the Adjusted Consolidated Cash Flow of such Person for the four full fiscal quarters for which internal financial statements are available immediately preceding such date. In the event that the Issuer or any of its Restricted Subsidiaries Incurs or redeems any Indebtedness subsequent to the commencement of the period for which the Adjusted Consolidated Leverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Adjusted Consolidated Leverage Ratio is made, then the Adjusted Consolidated Leverage Ratio shall be calculated giving pro forma effect to such Incurrence or redemption of Indebtedness as if the same had occurred at the beginning of the applicable four-quarter period. For purposes of calculating the Adjusted Consolidated Leverage Ratio, Investments, acquisitions, dispositions, mergers, consolidations or discontinued operations (as determined in accordance with GAAP) that have been made by the Issuer or any Restricted Subsidiary during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Calculation Date shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers, consolidations or discontinued operations had occurred on the first day of the four-quarter reference period and calculated in compliance with the requirements of Rule 11-02 of Regulation S-X promulgated by the Commission.
Adjusted Consolidated Leverage Ratio means, with respect to any Person at any date of determination, the Consolidated Leverage Ratio of such Person, provided that clause (x) of the definition of Consolidated Leverage Ratio shall be reduced by the aggregate amount of cash, Cash Equivalents, U.S. Government Obligations and Triple A Rated Securities held by such Person and its Restricted Subsidiaries as of such date prior to giving effect to any Indebtedness incurred or to be incurred or any Preferred Stock issued or to be issued, as the case may be, on such date.
Adjusted Consolidated Leverage Ratio as defined in subsection 7.1(b)(i).
Adjusted Consolidated Leverage Ratio means the ratio of (a) ------------------------------------ Consolidated Funded Indebtedness (excluding up to $25,000,000 of Indebtedness the proceeds of which were used to acquire, construct or improve (i) Hotel Properties owned for less than four full fiscal quarters and (ii) Hotel Properties with certificates of occupancy that (A) are open for business and (B) were Construction Properties at some time during the preceding four fiscal quarters) to (b)