Adjusted Leverage definition

Adjusted Leverage means, in respect of any period, the ratio of Total Net Debt on the last day of that period to Adjusted EBITDA in respect of that period.

Adjusted Leverage has the meaning given to that term in Clause 22.1 (Financial definitions).

Adjusted Leverage means, in respect of any Relevant Period, the ratio of Total Debt on the last day of that Relevant Period to Adjusted EBITDA in respect of that Relevant Period.

Examples of Adjusted Leverage in a sentence

• Permit the Consolidated Total Lease Adjusted Leverage Ratio at any time to be greater than 5.75 to 1.00.

• The Credit Facility contains provisions requiring us to maintain compliance with certain covenants, including a Fixed Charge Coverage Ratio and a Lease Adjusted Leverage Ratio.

• If in connection with any Material Acquisition, the Company or any Subsidiary acquires associated real estate, eliminating any leases on the real estate being acquired or any leases of a Subsidiary being acquired, then the rent associated with those leases will not be included in the numerator of the Consolidated Total Lease Adjusted Leverage Ratio.

• Permit the Consolidated Total Lease Adjusted Leverage Ratio at any time to be greater than 5.50 to 1.00.

• The Adjusted Leverage Ratio shall be calculated, in each case, determined as of the last day of each fiscal quarter based upon (a) for Total Adjusted Debt, Total Adjusted Debt as of the last day of each such fiscal quarter; and (b) for EBITDA, EBITDA for the twelve-month period ending on such day calculated as set forth in the definition thereof.

More Definitions of Adjusted Leverage

Adjusted Leverage means, as of the last Test Date, the ratio of Consolidated Net Debt (as of that Test Date) and Dividend Amount to Consolidated EBITDA, calculated based on the Group’s consolidated financial statements for the financial year or for the first financial half-year of the financial year (provided to the Facility Administrator under Clause 17.1.1(A) or (B) as of the Test Date which came not more than 5 (five) months before the date of payment of the distributable profit to the shareholders of Headhunter Group.

Adjusted Leverage. Adjusted Leverage in respect of any Relevant Period specified in column 1 below shall not exceed the ratio set out in column 2 below opposite that Relevant Period.

Adjusted Leverage means all Indebtedness (other than subordinated shareholder indebtedness) divided by total assets, valued at their historical cost, without depreciation or amortization.

Adjusted Leverage means in respect to any Relevant Period, the ratio of Total Debt on the last day of the Relevant period to EBITDA in respect of the Relevant Period;

Adjusted Leverage is defined as the total funded debt plus capital leases plus six times four quarter trailing rent/lease expense divided by four quarter trailing EBITDA plus rent/lease expense, and “EBITDA” means net profit before tax plus interest expense (net of capitalized interest expense), depreciation expense and amortization expense.

Adjusted Leverage means (in summary) the ratio of total net debt of the Group on the last day of a Relevant Period to adjusted consolidated EBITDA (as defined below) of the Group in respect of that Relevant Period;

Adjusted Leverage has the meaning set out in Schedule C.