Adjusted Net Leverage Ratio definition

Adjusted Net Leverage Ratio means the ratio of (a) Adjusted Debt as of the last day of any fiscal quarter of Borrower or as of the date of (and after giving pro forma effect to) any Borrowing, to (b)

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Adjusted Net Leverage Ratio. The collective reference to the Adjusted Net Senior Leverage Ratio and the Adjusted Net Non-First Lien Leverage Ratio.

Adjusted Net Leverage Ratio means, on any date, the ratio of (a) Total Net Debt as of such date to (b) Adjusted EBITDA for the period of four consecutive fiscal quarters of the Parent Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

Examples of Adjusted Net Leverage Ratio in a sentence

• Retailer shall, at all times, maintain a Rent Adjusted Net Leverage Ratio equal to or less than 4.75.

• In the event that (A) any inaccuracy in the calculation of the Total Rent Adjusted Net Leverage Ratio resulted in a shortfall in the amount of any required interest or principal payment and (B) such inaccuracy resulted from a good faith mistake on the part of the Borrower in the preparation of such calculation, no Default or Event of Default shall arise under this Agreement with respect thereto unless the relevant amount has not been paid within the period described in the preceding sentence.

• BUFFALO GULF COAST TERMINALS LLC By: Name: Title: HFOTCO LLC By: Name: Title: Annex 2 – Total Adjusted Net Leverage Ratio The information described herein is as of , 20 , and pertains to the period from , 20 to , 20 .

• Borrowers will maintain a Lease Adjusted Net Leverage Ratio for any Defined Period, as tested on quarterly, of not greater than the ratio set below for such Defined Period.

• BUFFALO GULF COAST TERMINALS LLC By: Name: Title: HFOTCO LLC By: Name: Title: Annex 1 [Attach financial statements] Annex 2 – Total Adjusted Net Leverage Ratio The information described herein is as of , 20 , and pertains to the period from , 20 to , 20 .

More Definitions of Adjusted Net Leverage Ratio

Adjusted Net Leverage Ratio means the ratio determined by dividing (a) the sum of (x) the outstanding Indebtedness of the B-Com Group (other than intercompany debt within the B- Com Group and excluding for the avoidance of doubt any Indebtedness of or attributable to the Bezeq Group (regardless of whether such Indebtedness is consolidated with the B-Com Group on the Issuer’s consolidated financial statements unless such Indebtedness is guaranteed by any member of the B-Com Group or secured by any of its assets)) at the time of determination, less cash and Cash Equivalents of the B-Com Group, in each case, at the time of such determination (provided, in the case such determination is being made in connection with an incurrence of Indebtedness, the cash proceeds arising from such Incurrence will not be included in such cash amount for the purpose of such determination) and (y) an amount determined by multiplying (i) the outstanding consolidated Indebtedness of Bezeq at the time of determination (as determined in accordance with IFRS), less cash and cash equivalents (as determined in accordance with IFRS) of Bezeq at the time of such determination by (ii) a percentage determined by dividing the number of Pledged Bezeq Shares by the total outstanding Bezeq Shares at such time by (b) Adjusted EBITDA.

Adjusted Net Leverage Ratio means, on any date, the ratio of (a) Total Net Debt as of such date to (b) Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP provided that, solely for purposes of determining whether the Adjusted Net Leverage Ratio as of the end of any four fiscal-quarter period that includes the fiscal quarter ended September 30, 1998, is in compliance with Section 6.12, there shall be added to the amount determined pursuant to clause (b), in the case of any such four fiscal-quarter period ending on or before March 31, 1999, an additional $71,192,000, and, in the case of the four fiscal-quarter period ending on June 30, 1999, an additional $42,018,000.

Adjusted Net Leverage Ratio means the ratio determined by dividing (a) the sum of (x) the outstanding Indebtedness of the B-Com Group (other than intercompany debt within the B-Com Group and excluding for the avoidance of doubt any Indebtedness of or attributable to the Bezeq Group (regardless of whether such Indebtedness is consolidated with the B-Com Group on the Issuer’s consolidated financial statements unless such Indebtedness is guaranteed by any member of the B-Com Group or secured by any of its assets)) at the time of determination, less cash and Cash Equivalents of the B-Com Group, in each case, at the time of such determination (provided, in the case such determination is being made in connection with an incurrence of Indebtedness, the cash proceeds arising from such Incurrence will not be included in such cash amount for the purpose of such determination) and (y) an amount determined by multiplying (i) the outstanding consolidated Indebtedness of Bezeq at the time of determination (as determined in accordance with IFRS), less cash and cash equivalents (as determined in accordance with IFRS) of Bezeq at the time of such determination by (ii) a percentage determined by dividing the number of Pledged Bezeq Shares by the total outstanding Bezeq Shares at such time by (b) Adjusted EBITDA.