Cash Flow Leverage Ratio definition

Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

Cash Flow Leverage Ratio means, on any date, the ratio of Total Debt on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.

Cash Flow Leverage Ratio is defined in Section 10.12.1.

Examples of Cash Flow Leverage Ratio in a sentence

• The Loan Agreement contains financial covenants calculated on a consolidated basis requiring the Company to maintain a certain Debt Service Coverage Ratio and to not exceed a maximum Senior Cash Flow Leverage Ratio.

• The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

• The Company may pay dividends so long as it remains in compliance with the provisions of the Company’s credit agreement, and may purchase, redeem or otherwise acquire shares of its common stock so long as its pro forma Cash Flow Leverage Ratio is less than 3.00 to 1.00 and no default or event of default exists or would exist after giving effect to such stock repurchase.

• Financial covenants of the credit facility include: • Minimum Free Cash Flow Coverage Ratio of greater than 1.05 for the calendar quarter ended March 31, 2016; and greater than 1.10 for the calendar quarter ending June 30, 2016 and each calendar quarter thereafter (measured quarterly); • Maximum Free Cash Flow Leverage Ratio of not more than 3.50 (measured annually); and • Maximum Balance Sheet Leverage Ratio of not more than 1.50 (measured annually).

• If the Administrative Agent receives from the Parent a written notice of an Event of Default pursuant to Section 7.6(c) hereof or a Net Cash Flow Leverage Ratio Increase election pursuant to Section 7.15 hereof, the Administrative Agent shall promptly give each of the Lenders written notice thereof.

More Definitions of Cash Flow Leverage Ratio

Cash Flow Leverage Ratio means, for any Person, as of any date of determination, the ratio of (a) the principal balance of Adjusted Funded Debt as of such date to (b) EBITDA for the period of four consecutive fiscal quarters ending on such date, minus interest expense for Floor Plan Financing and Real Estate Debt for such period, minus required principal payments on Real Estate Debt for such time period.

Cash Flow Leverage Ratio. For any period of determination ending on a Measurement Date, the ratio of

Cash Flow Leverage Ratio means, as of the last day of any Measurement Period, the ratio of (a) the sum of (i) Net Interest-bearing Indebtedness on such day, (ii) the principal amount of the Securitization Transactions on such day plus (iii) eight times Rental and Lease Expense for the Measurement Period ended on such day, to (b) the sum of EBITDA and Rental and Lease Expense for the Measurement Period ended on such day.

Cash Flow Leverage Ratio means, as of any date, the ratio, calculated for the period of four consecutive fiscal quarters then ended, of consolidated Indebtedness of the Company and its Subsidiaries as of the last day of such period to EBITDA for such period.

Cash Flow Leverage Ratio means for Parent and its Subsidiaries, on a consolidated basis, as of any date (a) Net Debt, divided by (b) EBITDA for the period ended as of such date.

Cash Flow Leverage Ratio. For any period of determination, the ratio of

Cash Flow Leverage Ratio shall have the meaning specified in Section 6.1.