Definition of Consolidated Pro Forma Leverage Ratio


Consolidated Pro Forma Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness (calculated to give pro forma effect to any incurrence or any repayments of Funded Indebtedness occurring on or prior to the relevant date of determination) as of such date minus Available Cash in excess of $100,000,000 as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended for which U.S. Parent has delivered financial statements pursuant to Section 7.04 of the Participation Agreement.
Sample 1

Examples of Consolidated Pro Forma Leverage Ratio in a sentence

The Administrative Agent shall have received evidence reasonably satisfactory thereto provided by the Borrower that, after giving effect to the closing of this Agreement and the Extensions of Credit and the other transactions contemplated hereby, Consolidated Pro Forma Leverage Ratio shall be no greater than 4.20 to 1.0.
Commencing on the day immediately following the Closing Date, the Credit Parties shall, and shall cause their Subsidiaries to, comply with the following financial covenants: (a) Consolidated Pro Forma Leverage Ratio.
The Administrative Agent shall have received evidence reasonably satisfactory thereto provided by the Borrower that, after giving effect to the closing of this Agreement and the Extensions of Credit and the other transactions contemplated hereby, Consolidated Pro Forma Leverage Ratio shall be no greater than 4.25 to 1.0.
All references to Leverage Ratio in the definition of Applicable Margin in Section 1.1 of the Credit Agreement are hereby changed to refer to Consolidated Pro Forma Leverage Ratio.