Debt Leverage Ratio definition

Debt Leverage Ratio as of the last day of any fiscal quarter, the ratio of Indebtedness of EPEP and its Restricted Subsidiaries on a consolidated basis as of such date to EBITDA for the four-quarter period ending on such date.

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Debt Leverage Ratio means, on any day, the ratio of (a) the Total Indebtedness of the Company and its Subsidiaries on a consolidated basis as of the date of determination to (b) EBITDAX for the Rolling Period ending on the last day of the most recent Fiscal Quarter as of the date of determination.

Debt Leverage Ratio means, on any day, the ratio of (a) Indebtedness of the Corporation and its Subsidiaries on a consolidated basis as of the date of determination, to (b) EBITDA of the Corporation and its Subsidiaries on a consolidated basis for the preceding four fiscal quarters most recently ended. For the avoidance of doubt, Permitted Indebtedness shall not be excluded from Indebtedness for purposes of calculating this Debt Leverage Ratio or otherwise.

Examples of Debt Leverage Ratio in a sentence

Maintain at all times a Secured Debt Leverage Ratio of not greater than 40%.
Permit the Consolidated Secured Debt Leverage Ratio to be greater than forty percent (40%) as of the end of any fiscal quarter.
Permit the Consolidated Secured Debt Leverage Ratio as of the last day of any fiscal quarter of the Parent REIT to exceed 50%.
Maintain at the end of each fiscal quarter of the Parent Guarantor, a Secured Debt Leverage Ratio not greater than 40.0%, provided that the Parent Guarantor shall have the right to maintain a Secured Debt Leverage Ratio of greater than 40.0% but less than or equal to 45.0% for up to four consecutive quarters of the Parent Guarantor during the term of the Facility following any acquisition of one or more Assets.
Permit the Consolidated Secured Debt Leverage Ratio to be greater than thirty percent (30%) as of the end of any fiscal quarter of the Parent.
Permit the Consolidated Secured Debt Leverage Ratio to be greater than thirty percent (30%) as of the end of any fiscal quarter of the REIT Guarantor.
Maintain as of each Test Date, a Secured Debt Leverage Ratio of not greater than 45%.
Permit the Consolidated Secured Debt Leverage Ratio to be greater than thirty percent (30%) as of the end of any fiscal quarter.
Maintain (A) at the end of each fiscal quarter of the Parent Guarantor and (B) on the date of each Advance and the issuance or renewal of any Letter of Credit (both before and after giving effect to such Advance), a Secured Debt Leverage Ratio not greater than 60.0%.
Agent and Documentation Agent shall have received a certificate executed by a Responsible Officer of each Credit Party, in form and substance satisfactory to Agent and Documentation Agent, certifying that as of the Amendment No. 2 Effective Date, after giving effect to the additional Term Loan A to be made on the Amendment No. 2 Effective Date, the Total Debt Leverage Ratio of the Credit Parties on a consolidated basis is not greater than 3.00 to 1.00.

More Definitions of Debt Leverage Ratio

Debt Leverage Ratio as of any date, the ratio of Indebtedness of EPPHC and its Restricted Subsidiaries as of such date to EBITDA of EPPHC and its Restricted Subsidiaries for the 12-month period ending on such date; provided, however, that for purposes of Section 8.2(j), such ratio shall be calculated using EBITDA for the four fiscal quarter period most recently ended for which financial statements are available.

Debt Leverage Ratio means the ratio of Funded Debt to EBITDA.