Consolidated Senior Secured Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Senior Secured Debt as of such date to (b) Consolidated EBITDA for the Test Period then last ended.
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (i) Consolidated Senior Secured Debt as of such date of determination, minus unrestricted cash and Cash Equivalents of the Borrower and the Restricted Subsidiaries ( in each case, free and clear of all Liens other than Permitted Liens); provided further that cash and Cash Equivalents subject to a Permitted Lien shall be deemed to be unrestricted for purposes of calculating the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio to (ii) Consolidated EBITDA of the Borrower for the Test Period most recently ended on or prior to such date of determination, in each case with such pro forma adjustments to Consolidated Senior Secured Debt and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in Section 1.12.
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (1) Consolidated Senior Secured Debt as of such date of determination, minus cash and Cash Equivalents (in each case, free and clear of all Liens (other than Permitted Liens)) of Holdings and its Restricted Subsidiaries to (2) Consolidated EBITDA of Holdings for the Test Period then last ended, in each case with such pro forma adjustments to Consolidated Senior Secured Debt and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of “Fixed Charge Coverage Ratio”.
Examples of Consolidated Senior Secured Debt to Consolidated EBITDA Ratio in a sentence
Solely with respect to the Revolving Credit Facility, Holdings will not permit the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio as of the last day of any Test Period ending during any Compliance Period to be greater than 7.50 to 1.00.
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio 642 SECTION 11.
Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test or covenant contained in this Agreement with respect to any period during which any Specified Transaction occurs, the Consolidated Total Debt to Consolidated EBITDA Ratio, the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio and the Senior Secured Leverage Test shall each be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis.
Solely with respect to the Revolving Credit Facility, Holdings will not permit the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio as of the last day of any Test Period ending during any Compliance Period to be greater than 8.25 to 1.00 (or for any Test Period ending on or after March 31, 2015, 7.50 to 1.00).
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio 149 SECTION 11.
More Definitions of Consolidated Senior Secured Debt to Consolidated EBITDA Ratio
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (i) Consolidated Senior Secured Debt as of such date of determination, minus cash and Cash Equivalents (in each case, free and clear of all Liens other than Permitted Liens) of Holdings and the Restricted Subsidiaries (other than the proceeds of any Indebtedness being incurred and giving rise to the need to calculate the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio) to (ii) Consolidated EBITDA of Holdings for the Test Period then last ended, in each case with such pro forma adjustments to Consolidated Senior Secured Debt and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio.
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (1) Consolidated Senior Secured Debt as of such date of determination, minus (x) all domestic U.S. cash and Cash Equivalents and (y) 85% of the aggregate amount of cash and Cash Equivalents in accounts of Holdings and its Restricted Subsidiaries outside of the United States, in each case, other than cash and Cash Equivalents listed as “restricted cash” on the consolidated balance sheet of Holdings and the Restricted Subsidiaries to (2) Consolidated EBITDA of Holdings for the Test Period then last ended.
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (i) Consolidated Senior Secured Debt as of such date of determination, minus cash and Cash Equivalents (in each case, free and clear of all Liens other than Permitted Liens) of the Borrower and the Restricted Subsidiaries to (ii) Consolidated EBITDA of the Borrower for the Test Period most recently ended on or prior to such date of determination, in each case with such pro forma adjustments to Consolidated Senior Secured Debt and Consolidated EBITDA as are appropriate and consistent with Section 1.12.
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (i) Consolidated Senior Secured Debt as of such date of determination, minus unrestricted cash and Cash Equivalents (in each case, free and clear of all Liens other than Permitted Liens and, for the avoidance of doubt, cash and Cash Equivalents subject to a Permitted Lien shall be deemed to be unrestricted for purposes of calculating the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio) to (ii) Consolidated EBITDA for the Test Period most recently ended on or prior to such date of determination, in each case with such pro forma adjustments to Consolidated Senior Secured Debt and Consolidated EBITDA as are appropriate and consistent with the definition of “Pro Forma Adjustment”.
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Senior Secured Debt as of such date of determination, minus Unrestricted Cash and Cash Equivalents of Holdings, the Borrowers and the Restricted Subsidiaries (other than the proceeds of any Incremental Loans or any Permitted Other Indebtedness, in each case incurred on such date of determination) to (b) Consolidated EBITDA of Holdings for the Test Period most recently ended on or prior to such date of determination, in each case with such Pro Forma Adjustments to Consolidated Senior Secured Debt and Consolidated EBITDA as are appropriate and consistent with the Pro Forma Adjustment provisions set forth in the definition of Pro Forma Basis.
Consolidated Senior Secured Debt to Consolidated EBITDA Ratio shall be amended by deleting the parenthetical “(which for such purposes of Section 10.9 shall exclude amounts earned from, or received from the assignment of, the tax credits available under Section 45G of the Code)”;