Consolidated Funded Debt to Consolidated EBITDA Ratio definition

Consolidated Funded Debt to Consolidated EBITDA Ratio means, as at any date of determination, the ratio of Consolidated Funded Debt, as of such date of determination, to Consolidated EBITDA for the rolling four-quarter period ending upon such date of determination.
Sample 1
Consolidated Funded Debt to Consolidated EBITDA Ratio means a ratio which is equal to Borrower's funded debt divided by CONSOLIDATED EBITDA (as defined in Section 5(A)(ii) of the Amended and Restated Loan Agreement of even date herewith, i.e. net income plus interest expense plus tax expense plus depreciation expense plus amortization expense and measured on a rolling four quarter basis.) Consolidated EBITDA shall exclude any nonrecurring or extraordinary cash or noncash income.
Sample 1Sample 2
Consolidated Funded Debt to Consolidated EBITDA Ratio means, for any Rolling Period, the ratio of (a) the aggregate of all Indebtedness for borrowed money (including outstanding Indebtedness under the Loans), Indebtedness under Capital Leases and contingent Indebtedness under undrawn letters of credit of Borrower and its Subsidiaries, in each case as of the last day of such Rolling Period, to (b) Consolidated EBITDA for such Rolling Period.
Sample 1

Examples of Consolidated Funded Debt to Consolidated EBITDA Ratio in a sentence

  • Maintain, as of the end of each fiscal quarter of Borrower, a Consolidated Funded Debt to Consolidated EBITDA Ratio, equal to or less than 2.0 to 1.0.

  • Permit, as of the last day of any Fiscal Quarter (beginning with the Fiscal Quarter ending September 30, 1998), the Consolidated Funded Debt to Consolidated EBITDA Ratio to exceed 3.0:1.0.

  • During any period that the Borrower has failed to deliver to the Administrative Agent any Consolidated financial statements of the Borrower and its Subsidiaries as required by Section 8.1 or any Officer's Compliance Certificate as required by Section 8.2, the Consolidated Funded Debt to Consolidated EBITDA Ratio shall, for purposes of determining the Applicable Margin, be deemed to be greater than 3.5 to 1.

  • As of the last day of each fiscal quarter of the Borrower, the Borrower shall not permit its Consolidated Funded Debt to Consolidated EBITDA Ratio to be greater than (i) 3.00 to 1.00 for any fiscal quarter ending prior to Marxx 00, 0000, (xx) 0.50 to 1.00 for any fiscal quarter of Borrower ending on or after March 31, 2002, or prior to June 30, 2002, and (iii) 2.00 to 1.00 for any fiscal quarter of Borrower ending on or after June 30, 2002.

  • As of the last day of each fiscal quarter of the Borrower, the Borrower shall not permit its Consolidated Funded Debt to Consolidated EBITDA Ratio to be greater than 2.50 to 1.0. Compliance with this paragraph (c) shall be determined based upon Schedule B of the applicable Compliance Certificate.

  • During any period that the Borrower has failed to deliver to the Administrative Agent any Consolidated financial statements of the Borrower and its Subsidiaries as required by Section 8.1 or any Officer's Compliance Certificate as required by Section 8.2, the Consolidated Funded Debt to Consolidated EBITDA Ratio shall, for purposes of determining the L/C Commission Percentage, be deemed to be greater than 3.5 to 1.

  • Borrower has failed to comply with the terms of Section 5.5(a) of the Credit Agreement (Consolidated Funded Debt to Consolidated EBITDA Ratio) for the period ending on March 31, 2001, and Section 5.5(d) of the Credit Agreement (Consolidated Fixed Charge Coverage Ratio) for the period ending on March 31, 2001.

  • During any period that the Borrower has failed to deliver to the Administrative Agent any Consolidated financial statements of the Borrower and its Subsidiaries as required by Section 8.1 or any Officer's Compliance Certificate as required by Section 8.2, the Consolidated Funded Debt to Consolidated EBITDA Ratio shall, for purposes of determining the Facility Fee Percentage, be deemed to be greater than 3.5 to 1.


More Definitions of Consolidated Funded Debt to Consolidated EBITDA Ratio

Consolidated Funded Debt to Consolidated EBITDA Ratio means, as of the end of any fiscal quarter of Borrower, the ratio of (a) Consolidated Funded Debt at that time to (b) Consolidated EBITDA for the four fiscal quarters then ended.
Sample 1
Consolidated Funded Debt to Consolidated EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (i) the Consolidated Funded Debt as of such day to (ii) Consolidated EBITDA, as determined as of such day, based on such financial data for the previous four (4) Fiscal Quarters.
Sample 1
Consolidated Funded Debt to Consolidated EBITDA Ratio means, as at any date of determination, the ratio of Consolidated Funded Debt, as of such date of determination, to Consolidated EBITDA, as of such date of determination.
Sample 1

Related to Consolidated Funded Debt to Consolidated EBITDA Ratio

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Funded Debt means Funded Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP.

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • Consolidated Leverage 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 First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

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

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Funded Debt to EBITDA Ratio means on any date the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four consecutive Fiscal Quarters ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter most recently ended prior to such date).

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.

  • Consolidated Funded Indebtedness means, as of any date of determination with respect to the MLP and its Subsidiaries on a consolidated basis, without duplication, the sum of: (a) all obligations for borrowed money (including the Obligations) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) the maximum amount available to be drawn under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (c) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business); (d) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by the MLP or a Subsidiary (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by the MLP or such Subsidiary or is limited in recourse; (e) all Attributable Indebtedness; (f) all obligations to purchase, redeem, retire, defease or otherwise make any payment prior to the Maturity Date in respect of any Equity Interests or any warrant, right or option to acquire such Equity Interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; (g) all Guarantees with respect to Indebtedness of the types specified in clauses (a) through (f) above of another Person; and (h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which any Loan Party or any Subsidiary is a general partner or joint venturer, except to the extent that Indebtedness is expressly made non-recourse to such Person.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Consolidated Total Debt at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Fixed Charge Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA to (b) Consolidated Fixed Charges, in each case, for the most recently completed four (4) fiscal quarters.

  • Consolidated EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.

  • Consolidated Total Debt Ratio means, as of any Applicable Calculation Date, the ratio of (1) Consolidated Total Indebtedness of the Issuer and its Restricted Subsidiaries, minus cash and Cash Equivalents of the Issuer and its Restricted Subsidiaries, in each case, computed as of the end of the most recent fiscal quarter for which internal financial statements are available immediately preceding the Applicable Calculation Date to (2) the Issuer’s Consolidated EBITDA for the Applicable Measurement Period, in each case with such pro forma adjustments to Consolidated Total Indebtedness, cash, Cash Equivalents and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio; provided that, for purposes of the calculation of Consolidated Total Debt Ratio, in connection with the incurrence of any Indebtedness pursuant to Section 10.11, the Issuer may elect, pursuant to an Officer’s Certificate delivered to the Trustee, to treat all or any portion of the commitment (any such amount elected until revoked as described below, an “Elected Amount”) under any Indebtedness which is to be incurred (or any commitment in respect thereof) as being incurred as of the Applicable Calculation Date and (1) any subsequent incurrence of such Indebtedness under such commitment (so long as the total amount under such Indebtedness does not exceed the Elected Amount) shall not be deemed, for purposes of this calculation, to be an incurrence of additional Indebtedness at such subsequent time, (2) the Issuer may revoke an election of an Elected Amount pursuant to an Officer’s Certificate delivered to the Trustee and (3) for purposes of all subsequent calculations of the Consolidated Total Debt Ratio, the Elected Amount (if any) shall be deemed to be outstanding, whether or not such amount is actually outstanding, so long as the applicable commitment remains outstanding.

  • Consolidated Senior Leverage Ratio means, for any date of determination (i) Consolidated Funded Indebtedness on such date of determination (excluding the Unsecured Note Indebtedness) to (ii) Consolidated Adjusted EBITDA for the applicable period of four consecutive fiscal quarters.

  • Consolidated Debt means, at any date, the Debt of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis as of such date.

  • Total Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of such day to (b) EBITDA for the Computation Period ending on such day.

  • Funded Debt Ratio means the ratio of (a) Funded Debt to (b) EBITDA.

  • Consolidated Secured Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Secured Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Net Debt means, as of any date of determination, (a) Consolidated Total Debt minus (b) the aggregate amount of cash and Cash Equivalents of the Borrower and the Restricted Subsidiaries as of such date that is not Restricted.