EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.
EBITDA Coverage Ratio means, on any Transaction Date, the ratio of (i) Consolidated EBITDA for the then most recent Relevant Period prior to such Transaction Date for which consolidated financial statements of the Issuer are available to (ii) the aggregate Consolidated Fixed Charge of such Relevant Period. In making the foregoing calculation:
EBITDA Coverage Ratio means, with respect to any period, the ratio of (i) EBITDA for such period to (ii) the aggregate amount of Interest Expense for such period.
Examples of EBITDA Coverage Ratio in a sentence
The Postal Service reserves its right to make changes to the offices with the understanding that notification will be provided in accordance with the National Agreement.
Borrower, together with the other Companies, will maintain the EBITDA Coverage Ratio, measured on a trailing 12 month basis as of the end of each fiscal quarter, at not less than 1.50:1.00.
At the end of any fiscal quarter of Borrower, permit the EBITDA Coverage Ratio, determined on a four quarter rolling basis, to be less than 1.50:1.00.
Neither the Company nor any of its Subsidiaries will incur, create, assume, guarantee or otherwise become liable for any additional Funded Debt unless, after giving effect thereto, the Company's Consolidated EBITDA Coverage Ratio exceeds 2.0 to 1.
Therefore, in the limit of large networks the size of the mutual giant out-component is sufficient to compute the equilibrium liquidity.
More Definitions of EBITDA Coverage Ratio
EBITDA Coverage Ratio means, as of any date of determination for any period, (a) EBITDA divided by (b) the sum of (i) the aggregate of the Companies’ total interest expense (excluding any interest expense attributable to intercompany debt subordinated pursuant to the Subordination Agreement) for such period plus (without duplication of amounts) and (ii) the current maturity of the Companies’ long-term senior debt paid in such period.
EBITDA Coverage Ratio with respect to any period means the ratio of (i) Consolidated EBITDA of the Company to (ii) the aggregate amount of Consolidated Interest Expense of the Company for such period; provided, however, that if any calculation of the Company's EBITDA Coverage Ratio requires the use of any quarter prior to the Issue Date, such calculation shall be made on a pro forma basis, giving effect to the issuance of the Notes and the use of the net proceeds therefrom as if the same had occurred at the beginning of the four-quarter period used to make such calculation; and provided further that if any such calculation requires the use of any quarter prior to the date that any Asset Sale was consummated, or that any Indebtedness was incurred, or that any acquisition of a hospital or other healthcare facility or any assets purchased outside the ordinary course of business was effected, by the Company or any of its Subsidiaries, such calculation shall be made on a pro forma basis, giving effect to each such Asset Sale, incurrence of Indebtedness or acquisition, as the case may be, and the use of any proceeds therefrom, as if the same had occurred at the beginning of the four-quarter period used to make such calculation.
EBITDA Coverage Ratio means, for any period of Borrower and its --------------------- Subsidiaries on a consolidated basis, Consolidated EBITDA divided by the sum of the total interest expense plus current portion of long-term Debt plus current ---- ---- portion of advances for construction plus Distributions. ----
EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt. "Current maturity of long-term debt" shall not include Working Capital Advances under the Line of Credit notwithstanding the fact that the maturity date thereof may extend more than 1 year beyond the date of computation.
EBITDA Coverage Ratio means the ratio of (a) EBITDA for the four fiscal --------------------- quarters immediately preceding the determination date, to (b) consolidated cash interest expense calculated in accordance with GAAP (including interest with respect to capitalized lease obligations but excluding interest with respect to Indebtedness of any of the Company's Subsidiaries that is subject to any restriction or limitation on the payment of dividends), capitalized interest and cash dividends paid on Disqualified Stock calculated on a pro forma basis for such four fiscal quarters.
EBITDA Coverage Ratio has the meaning specified therefor in Section 4.9(c).