EBITDA Leverage Ratio definition

EBITDA Leverage Ratio means the ratio of (i) the difference of Funded Debt minus cash and cash equivalents of Holdings on a consolidated basis to (ii) EBITDA for the four fiscal quarters ending on such date; provided that (A) EBITDA for the period ending on June 30, 1998 shall equal the product of EBITDA for the six-month period ending on such date times 2 and (B) EBITDA for the period ending on September 30, 1998 shall equal the product of EBITDA for the nine-month period ending on such date times 1.

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EBITDA Leverage Ratio means, with respect to any Person and its Subsidiaries for any period, the ratio of (a) all Indebtedness of such Person and its Subsidiaries as of the end of such period minus Qualified US Cash in an amount not to exceed $3,000,000, to (b) Consolidated EBITDA of such Person and its Subsidiaries for such period.

EBITDA Leverage Ratio means, with respect to any Person and its Subsidiaries for any period, the ratio of (a) all Indebtedness of such Person and its Subsidiaries as of the end of such period minus Qualified US Cash in an amount not to exceed $3,000,000, to (b)Consolidated EBITDA of such Person and its Subsidiaries for such‾ period.1

Examples of EBITDA Leverage Ratio in a sentence

• Holdings will not permit its EBITDA Leverage Ratio as of the end of any fiscal quarter of Holdings (calculated quarterly at the end of each fiscal quarter) to be greater than 3.75:1.

• As at the end of each fiscal quarter specified below, the Borrower and its Subsidiaries, on a Consolidated basis, shall maintain an EBITDA Leverage Ratio of no more than the ratio specified below for such fiscal quarter: This covenant shall be tested as at the end of each fiscal quarter.

• Trust Certificates Nonassessable and Fully Paid............................................32 Section 11.13.

• Without the prior written approval of Lender, which approval will not be unreasonably withheld, Borrower will not form any subsidiary or make any investment in, or make any loan in the nature of an investment to, a Person if and to the extent that after giving effect thereto, such formation, investment or loan results in a breach of Borrower’s covenants in Section 6.1(W)(1) (Minimum Fixed Charge Coverage Ratio) or Section 6.1(W)(2) (Maximum Ratio of Senior Indebtedness to EBITDA (Leverage Ratio)).

• Permit the EBITDA Leverage Ratio of the Parent and its Subsidiaries for any period of 4 consecutive fiscal quarters of the Parent and its Subsidiaries for which the last quarter ends on a date set forth below to be greater than the ratio set forth opposite such date: May 31, 2023 and each fiscal quarter thereafter 2.00:1.00 ; provided that the EBITDA Leverage Ratio of Parent and its Subsidiaries for the 4 consecutive fiscal quarter period ending August 31, 2023 shall be tested on September 29, 2023.

• Agent and Lenders (a) hereby acknowledge that Events of Default exist because of Borrower’s failure to comply with the following financial covenants as of September 30, 2003: Minimum Adjusted EBITDA, Leverage Ratio and Fixed Charge Coverage Ratio; and (b) as of the Effective Date waive all such Events of Default.

• Obligor will not permit its EBITDA Leverage Ratio as of the end of any fiscal quarter of Obligor (calculated quarterly at the end of each fiscal quarter) to be greater than the amount set forth in the table below on the applicable date.

• Subject to the conditions set forth in Section 4 below, the Agent and Lenders hereby waive compliance with the Total Leverage Ratio set forth in Subsection 6.3.1 for the quarter ended May 31, 2010 and the EBITDA Leverage Ratio set forth in Subsection 6.3.2 for the quarter ended May 31, 2010.

• The Borrower will not permit its EBITDA Leverage Ratio as of the end of any fiscal quarter of the Borrower (calculated quarterly at the end of each fiscal quarter) to be greater than the amount set forth in the table below on the applicable date.

• The Borrower shall demonstrate in form and substance reasonably satisfactory to Lender that on the date of the making of such Incremental Term Loan and immediately after giving effect to the making of the Incremental Term Loans to be made on such date and the payment of all Transaction Costs required to be made on the applicable Increased Amount Date, the EBITDA Leverage Ratio is not greater than 2.75:1.00.

More Definitions of EBITDA Leverage Ratio

EBITDA Leverage Ratio means the ratio of (i) difference of Funded Debt minus cash and cash equivalents of the Borrower on a consolidated basis to (i) EBITDA for the four fiscal quarters ending on such date; provided that (A) EBITDA for the period ending on June 30, 1998 shall equal the product of EBITDA for the six-month period ending on such date times 2 and (B) EBITDA for the period ending on September 30, 1998 shall equal the product of EBITDA for the nine-month period ending on such date times 1.33. ------------------------------------------------------ Period EBITDA Leverage Ratio ------------------------------------------------------ 6/30/98 thru 6/30/99 3.00x ------------------------------------------------------ 7/1/99 thru 12/31/99 2.50x ------------------------------------------------------ 1/1/00 and thereafter 2.00x ------------------------------------------------------

EBITDA Leverage Ratio means the ratio as of the last day of (a) the first fiscal quarter ending after the Closing Date of (i) the aggregate outstanding principal amount of the Term Loans as of such day, to (ii) Consolidated Adjusted EBITDA for the three-fiscal quarter period ending on such date multiplied by 4/3 and (b) for each fiscal quarter thereafter of (i) the aggregate outstanding principal amount of the Term Loans as of such day, to (ii) Consolidated Adjusted EBITDA for the four-fiscal quarter period ending on such date.

EBITDA Leverage Ratio as of the end of any fiscal quarter, the ratio of (a) the sum of (i) Average Indebtedness minus (ii) the Actual Value of any and all Operating Leases respecting property, plant and equipment minus (iii) obligations under Synthetic Leases, in each case for the four fiscal quarter period then ending to (b) EBITDA for such four fiscal quarter period.”