Adjusted Total Leverage Ratio definition

Adjusted Total Leverage Ratio means, on any date, the ratio of (a) Consolidated Debt on such date to (b) Consolidated EBITDA for the Test Period most recently ended on or prior to such date. All calculations of the Adjusted Total Leverage Ratio shall be made on a Pro Forma Basis, with determinations of Adjusted Total Leverage Ratio to give effect to all adjustments (including those specified in clauses (iv) and (v)) contained in the definition of “Pro Forma Basis” contained herein.

Adjusted Total Leverage Ratio therein shall instead be references to "Consolidated Senior Debt" and "Adjusted Senior Leverage Ratio", respectively.

Adjusted Total Leverage Ratio means, as of any date of determination, the quotient of (a) the sum as of such date of (i) Total Leverage Indebtedness plus (ii) the aggregate of Class D Stated Value of all Outstanding Class D Preferred Units plus (iii) the aggregate liquidation preference of all Outstanding Class D Parity Securities, all Outstanding Class D Other Preferred Securities and all Outstanding Class D Senior Securities, divided by (b) Consolidated EBITDA for the period of the four Quarters most recently ended as of such date for which financial information has been filed with the Commission.

Examples of Adjusted Total Leverage Ratio in a sentence

• The US Borrower will not permit the Adjusted Total Leverage Ratio on the last day of any fiscal quarter of the US Borrower ending on or after June 30, 2010, to exceed 4.50:1.00.

• Adjusted Total Leverage Ratio .......................................

• The Company will not permit the Consolidated Lease Adjusted Total Leverage Ratio to be greater than 2.50 to 1.00, calculated as of the last day of any fiscal quarter pursuant to the most recent financial statements delivered by the Company pursuant to Section 5.01(a).

• The Applicable Margin in respect of any Base Rate Loan or LIBOR Base Loan, as applicable, shall be determined as of the last day of the immediately preceding fiscal quarter by reference to the table set forth below on the basis of the type of Loan and the Adjusted Total Leverage Ratio determined by reference to the most recent financial statements delivered pursuant to Section 5.1(a) or 5.1(b).

• Notwithstanding anything contrary contained above or elsewhere in this Agreement, (a) all calculations of compliance with this Section 7.10 shall be made on a Pro Forma Basis and (b) in no event shall the Adjusted Total Leverage Ratio be greater than the Maximum Permitted Acquisition Leverage Ratio upon the consummation of, and after giving effect on a Pro Forma Basis to, any Permitted Acquisition.

More Definitions of Adjusted Total Leverage Ratio

Adjusted Total Leverage Ratio means, on any date, the ratio of (i) Consolidated Debt on such date to (ii) Consolidated EBITDA for the Test Period most recently ended on or prior to such date (determined after giving effect to the proviso to the definition of Consolidated EBITDA contained herein). All calculations of the Adjusted Total Leverage Ratio shall be made on a Pro Forma Basis, with determinations of Adjusted Total Leverage Ratio to give --- ----- effect to all adjustments (including, without limitation, those specified in clause (v)) contained in the definition of "Pro Forma Basis" contained herein. --- -----

Adjusted Total Leverage Ratio shall have the meaning given to such term in the Revolving Credit Facility, except that Total Indebtedness (as defined in the Revolving Credit Facility) for any Testing Period shall be reduced by any amount by which SpinCo’s consolidated working capital (defined as SpinCo’s consolidated total current assets less total current liabilities) exceeds $470 million.

Adjusted Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Debt as of the last day of the relevant Test Period, excluding Indebtedness outstanding at any one time under Senior Credit Facilities up to the greater of $570 million and 8.00% of Total Assets to (b) Adjusted Consolidated EBITDA for such Test Period.

Adjusted Total Leverage Ratio means, as of any date of determination, the ratio of Adjusted Total Debt as of such date to Adjusted Consolidated EBIDAT for the twelve months most recently ended.

Adjusted Total Leverage Ratio therein shall instead be references to "Consolidated Bank Debt" and "Adjusted Bank Leverage Ratio," respectively.

Adjusted Total Leverage Ratio means, as of any date of determination, the ratio of (a) Borrowers’ Funded Indebtedness as of such date minus the greater of (i) unrestricted liquidity on hand of the Borrowers in excess of $15,000,000 and (i) $0.00 to (b) Borrowers’ T4Q EBITDA for the 4 fiscal quarter period ended as of such date.”

Adjusted Total Leverage Ratio means, at any time of determination, in respect of the Secured Entities, the ratio of: (A)(i) all interest bearing Indebtedness (excluding any Flooring Debt); plus (ii) the face amount of all outstanding Letters of Credit; plus (iii) 8 multiplied by Operating Lease payments for the prior four (4) Fiscal Quarters on a Rolling Four Quarter Basis, to (B)(i) EBITDA; plus (ii) Operating Lease payments for the prior four