Consolidated Funded Debt Ratio definition

Consolidated Funded Debt Ratio means, as of the last day of any fiscal quarter, the ratio of Consolidated Funded Debt on such day to Consolidated EBITDA for the period of four consecutive fiscal quarters ending as of such day.

Consolidated Funded Debt Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

Consolidated Funded Debt Ratio means, as of the last day of any fiscal quarter of American Vanguard, the ratio of (i) Consolidated Funded Indebtedness as of such date to (ii) Consolidated EBITDA for the four fiscal quarters just ended.

Examples of Consolidated Funded Debt Ratio in a sentence

• The Credit Agreement contains two key financial covenants; namely, borrowers are required to maintain a Consolidated Funded Debt Ratio of no more than 3.25-to-1 and a Consolidated Fixed Charge Covenant Ratio of at least 1.25-to-1.

• Under the Credit Agreement, revolving loans bear interest at a variable rate based, at borrower’s election with proper notice, on either (i) LIBOR plus the “Applicable Rate” which is based upon the Consolidated Funded Debt Ratio (“Eurocurrency Rate Loan”) or (ii) the greater of (x) the Prime Rate, (y) the Federal Funds Rate plus 0.5%, and (z) the Daily One-Month LIBOR Rate plus 1.00%, plus, in the case of (x), (y) or (z) the Applicable Rate (“Alternate Base Rate Loan”).

• Under the Second Amendment, the Consolidated Funded Debt Ratio was increased for the second, third and fourth quarters of 2015 (to 3.5-to-1 from 3.25-to-1) and a fixed charge covenant, requiring, in effect, that the ratio of consolidated current assets to consolidated current liabilities exceed 1.2-to-1 for the duration of the term of the credit facility, was added.

• Under the Credit Agreement, revolving loans bear interest at a variable rate based, at borrower’s election with proper notice, on either (i) LIBOR plus the “Applicable Rate” which is based upon the Consolidated Funded Debt Ratio (“Eurocurrency Rate Loan”) or (ii) the greater of (x) the Prime Rate, (y) the Federal Funds Rate plus 0.5%, and(z) the Daily One-Month LIBOR Rate plus 1.00%, plus, in the case of (x), (y) or (z) the Applicable Rate (“Alternate Base Rate Loan”).

• Stated otherwise, the subgroup of children having DCD only is expected to have higher scores on the severity of perceptual motor problems compared to the subgroup of children having both DCD andLD.

More Definitions of Consolidated Funded Debt Ratio

Consolidated Funded Debt Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of four fiscal quarters most recently ended.

Consolidated Funded Debt Ratio means, with respect to the Borrower and its Subsidiaries, the ratio of (i) Consolidated Funded Indebtedness, to (ii) the sum of Consolidated Funded Indebtedness plus Consolidated Shareholders' Equity;

Consolidated Funded Debt Ratio. (Adjusted)" for any period shall mean the following ratio: (a) the amount, not less than zero, determined as of the last day of such period, equal to (i) Consolidated Funded Indebtedness, minus (ii) the amount, not less than zero, equal to (A) the amount of cash and Cash Equivalent Investments owned by the Borrower and its Subsidiaries, valued at the lower of cost or market, minus (B) $10,000,000, divided by (b) Consolidated EBITDA Less Capital Expenditures for such period.

Consolidated Funded Debt Ratio means the ratio of (i) the aggregate Indebtedness of the Borrower and its Consolidated Subsidiaries as of the end of the fiscal quarter immediately prior to the date of computation thereof, to (ii) Consolidated Operating Cash Flow for the four fiscal quarters immediately prior to the date of the computation thereof.

Consolidated Funded Debt Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Debt as of such date to (b) Consolidated EBITDA for the four fiscal quarter period of the Borrower then most recently ended. “Consolidated Interest Coverage Ratio” shall mean, for any period of the most recent four consecutive fiscal quarters of the Borrowers and their Consolidated Subsidiaries ending on or before any date of determination, the ratio of (a) Consolidated EBITDA, to (b) gross interest expense, all as recorded for such period. “Consolidated Leverage Ratio” shall mean, for any period of the most recent four consecutive fiscal quarters of the Borrowers and their Consolidated Subsidiaries ending on or before any date of determination, the ratio of (a) Total Consolidated Debt to (b) Consolidated EBITDA for such period. “Consolidated Liquidity” means, as of any date of determination, the sum of (ia) net income (or net loss), (ii) any extraordinary, non-recurring or unusual non-cash losses, (iii) income tax expense, (iv) depreciation expense, (v) amortization expense (but excluding any amortization of prepublication costs and expenses) and (vi) gross interest expenseunrestricted cash of the Borrowers and their Consolidated Subsidiaries as of such date, lessplus (viib) any extraordinary, non-recurring or unusual non-cash gains,the amount by which the Revolving Credit Availability as of such date exceeds the aggregate Revolving Credit Exposures of all Lenders as recorded forof such perioddate. “Consolidated Total Assets” means, as of the date of any determination thereof, total assets of the Borrowers and their Consolidated Subsidiaries. “Convert”, “Conversion” and “Converted” each refers to a conversion of Revolving Credit Advances of one Type into Revolving Credit Advances of the other Type pursuant to Section 2.08 or 2.09 or 2.18.

Consolidated Funded Debt Ratio as of any date shall mean (a) the Consolidated Funded Debt less any debt secured by a letter of credit or cash to (b) Consolidated EBITDA.

Consolidated Funded Debt Ratio as of any date shall mean (a) the sum of (i) Consolidated Funded Debt as of such date; plus (ii) accrued and unpaid Consolidated Interest Charges as of such date; plus (iii) all other liabilities and obligations of Borrower to Bank or any other lender as of such date; divided by (b) an amount equal to Consolidated EBITDA for the applicable Reference Period multiplied by (i) two (2) if such Reference Period consists of two calendar quarters, (ii) four thirds (4/3) if such Reference Period consists of three calendar quarters, or (iii) one (1) if such Reference Period consists of four calendar quarters.