Debt Cover definition

Debt Cover means, in respect of any Relevant Period, the ratio of Consolidated Total Net Debt on the last day of that Relevant Period to Consolidated EBITDA for that Relevant Period.

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Debt Cover has the meaning given to that term in Clause 26.1 (Financial definitions).

Debt Cover shall have the meaning set out in Clause 19.1 (Financial definitions).

Examples of Debt Cover in a sentence

For the purpose of determining the Margin in accordance with the table above, the Debt Cover shall be determined in accordance with Clause 21.1 (Financial Definitions) of the Multicurrency Facility Agreement between, Titan Global Finance Plc as Original Borrower, Titan Cement Company S.A. as Original Guarantor, and the Financial Institutions as Original Lenders, dated 10.04.2017.
Debt Cover in respect of any Relevant Period shall not be more than 3.00:1.
Gross Debt Cover at the end of March, June, September and December falling in of each Relevant Period specified in column 1 below shall not be more than the ratio set out in column 2 below opposite such Relevant Period.
Debt Cover in respect of any Relevant Period ending during the periods specified in column 1 below shall not exceed the ratio set out in column 2 below opposite the applicable period.
We confirm that Total Net Debt Cover is [ ], which is not more than the covenanted Total Net Debt Cover of [ ] in respect of the Testing Period ending [ ].
Debt Cover for each Relevant Period up to (and including) the Relevant Period ending on 30 June 2002 shall not exceed 3.25:1 and from then for each Relevant Period up to (and including) the Relevant Period ending on 30 June 2003 shall not exceed 2.5:1 and thereafter shall not exceed 2.0:1.
INTEREST Debt Cover First Lien Facility Loan Revolving Facility Loan Margin % p.a. Second Lien Facility Loan Margin % p.a.
Evidence that Debt Cover (for the avoidance of doubt, excluding the operating leases referred to in paragraph (t) below) as at the Closing Date (calculated on a pro-forma basis for the last twelve months) for the Target Group is not greater than 3.9:1.
For the purpose of calculating Total Net Debt Cover: In relation to any Relevant Period ending on or before 30 September 2000, EBITDA shall be determined on a rolling 12 month basis and shall be calculated by annualising actual EBITDA, in respect of the period from 1 January 2000 to the last day of the Relevant Period.
Debt Cover in respect of any Relevant Period specified in column 1 below shall not exceed the ratio set out in column 2 below opposite that Relevant Period.

More Definitions of Debt Cover

Debt Cover means the ratio of Total Debt to EBITDA.

Debt Cover has the meaning given to that term in clause 22.1 (Financial definitions).

Debt Cover has the meaning given to such term in Clause 19.1 (Financial definitions) of the Bridge Facility Agreement.

Debt Cover means the ratio of Consolidated Indebtedness to Consolidated EBITDA, as calculated in accordance with Clause 20.2 (Financial condition).

Debt Cover. Debt Cover in respect of any Relevant Period ending during the periods specified in column 1 below shall not exceed the ratio set out in column 2 below opposite the applicable period. COLUMN 1 COLUMN 2 PERIOD RATIO --------------------------------------------------------------- -------------- Closing Date to 31 December 2007 6.50:1 1 January 2008 to 31 December 2008 6.00:1 1 January 2009 to 31 December 2009 5.50:1 1 January 2010 to 31 December 2010 5.00:1 1 January 2011 to 31 December 2011 4.50:1 1 January 2012 to 31 December 2012 4.00:1 1 January 2013 to 31 December 2013 3.50:1 1 January 2014 to 31 December 2014 3.00:1 1 January 2015 to the last Repayment Date under clause 6.1 (Repayment of Loans) 2.50:1