Debt to EBITDA Ratio definition

Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of

Debt to EBITDA Ratio of any Person at any date means the ratio of (a) Debt of the types that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person on such date to (b) EBITDA for the period of four fiscal quarters of such Person ended on or immediately prior to such date, provided that for purposes of clause (a) of this definition, Debt shall not include (1) the obligations specified in clause (g) of the definition thereof set forth above or (2) with respect to the Borrower, any obligations which may be assumed by the Borrower for guaranties of any indebtedness of the Borrower's employee stock ownership plan up to an aggregate principal amount of $26,100,000.

Debt to EBITDA Ratio means, for any Measurement Period, the ratio of Consolidated Net Borrowed Debt of the Borrower to Consolidated EBITDA of the Borrower and its Subsidiaries during such Measurement Period, as determined in accordance with GAAP by reference to the Consolidated financial statements of the Borrower required to be delivered pursuant to Section 5.01(d)(i)(A) or (ii)(A).

Examples of Debt to EBITDA Ratio in a sentence

• The Company will not, and will not permit any Subsidiary to, incur, directly or indirectly, any Indebtedness unless the pro forma Net Debt to EBITDA Ratio at the date of such incurrence is less than 3.00 to 1.00.

• Pro Forma Adjusted Rent Coverage Ratio, Term Debt and Term Debt to EBITDA Ratio are not defined by Canadian accounting standards for private enterprises (“ASPE”) or IFRS and do not have standardized meanings prescribed by ASPE or IFRS.

• The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

• Dilawri’s method of calculating EBITDA may differ from other issuers’ calculations and, accordingly, may not be comparable to measures used by other issuers.References to “Pro Forma Adjusted Rent Coverage Ratio”, “Term Debt” and “Term Debt to EBITDA Ratio”, which are key measures of performance used by automotive dealership businesses, refer to the Pro Forma Adjusted Rent Coverage Ratio, Term Debt and Term Debt to EBITDA Ratio of the Dilawri Group on a non-consolidated combined basis.

• Maintain a Debt to EBITDA Ratio, as at the end of each fiscal quarter of the Borrower, of not more than 4.0:1.0.

More Definitions of Debt to EBITDA Ratio

Debt to EBITDA Ratio means, with respect to the end of each fiscal quarter, a ratio of (i) Debt for Borrowed Money as of the end of such fiscal quarter to (ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters then ended

Debt to EBITDA Ratio means, as of any date, the ratio of Consolidated Indebtedness (as of the date of determination) to EBITDA (for the Company’s then most recently completed four fiscal quarters).

Debt to EBITDA Ratio means as at the end of any Fiscal Quarter, -------------------- the ratio of (a) Funded Debt as at such date to (b) EBITDA for the four Fiscal Quarter period then ending.

Debt to EBITDA Ratio means the ratio of all Debt of the Borrower and its Subsidiaries on a consolidated basis, to EBITDA.

Debt to EBITDA Ratio as of any date of determination means the ratio of:

Debt to EBITDA Ratio means as of the last day of any Fiscal Quarter, the ratio of (a) the total Indebtedness of Midas and its Subsidiaries on a consolidated basis as of the date of determination to (b) the EBITDA of Midas and its Subsidiaries for the period of four Fiscal Quarters ending on the date of determination.

Debt to EBITDA Ratio means, with respect to any Person for any period, the ratio of: