Funded Debt to EBITDA Ratio means on any date the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four consecutive Fiscal Quarters ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter most recently ended prior to such date).
Funded Debt to EBITDA Ratio means the ratio of (i) Consolidated Funded Debt determined as of the last day of each fiscal quarter, to (ii) Consolidated EBITDA for the immediately preceding four consecutive fiscal quarters.
Funded Debt to EBITDA Ratio means as of any date of determination, a ratio the numerator of which is Funded Debt and the denominator of which is EBITDA, all as determined on a consolidated basis for Borrower and its consolidated Subsidiaries in accordance with GAAP.
Examples of Funded Debt to EBITDA Ratio in a sentence
Tranche B of Term Loan #1, Term Loan #2 and the line of credit accrue interest monthly, at the bank adjusted LIBOR Index plus a tiered pricing rate based on the Company’s Adjusted Funded Debt to EBITDA Ratio (5.03% at May 31, 2018).
The amendment also included an adjustment to the Adjusted Funded Debt to EBITDA Ratio for covenant compliance.We had no borrowings outstanding on our revolving credit agreement at May 31, 2018 and $5.6 million in borrowings at May 31, 2017.
Create, incur, assume or suffer to exist at any time any Debt if the Funded Debt to EBITDA Ratio at such time is or would be greater than 300%; 6C(3).
More Definitions of Funded Debt to EBITDA Ratio
Funded Debt to EBITDA Ratio means, at any time, (a) Funded Debt divided by (b) EBITDA for the Calculation Period.
Funded Debt to EBITDA Ratio means, when determined, the ratio of (i) Funded Debt, to (ii) EBITDA.
Funded Debt to EBITDA Ratio means, on a consolidated basis, a ratio of Funded Debt to EBITDA. This ratio will be calculated at the end of each reporting period for which the Banks require financial statements from Borrower, using the results of the twelve-month period ending with that reporting period.
Funded Debt to EBITDA Ratio means, for any period, the ratio of (i) Funded Debt, to (ii) EBITDA.
Funded Debt to EBITDA Ratio means as of the applicable date, the ratio of (a) Funded Debt to (b) Consolidated EBITDA for the Consolidated Companies, on a consolidated basis.
Funded Debt to EBITDA Ratio means, as to any Person, the relationship expressed as a numeric ratio, between:
Funded Debt to EBITDA Ratio means, as to the Borrower and its Consolidated Subsidiaries for any period, the ratio of (i) Consolidated Funded Debt (as of the last day of such period) to (ii) Consolidated EBITDA for such period. The Funded Debt to EBITDA Ratio shall be measured for a period covering the four (4) fiscal quarters then ended.