Leverage Ratio definition

Leverage Ratio means the ratio as of the last day of any Fiscal Quarter of (i) Consolidated Total Debt as of such day to (ii) Consolidated Adjusted EBITDA for the four-Fiscal Quarter period ending on such date.

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Leverage Ratio means, as of any date, the ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

Leverage Ratio means, on any date, the ratio of Total Debt on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.

Examples of Leverage Ratio in a sentence

Parent and Borrowers will maintain a Leverage Ratio, calculated as of the end of any fiscal quarter, of not more than (a) 4.50 to 1.00 for each of the fiscal quarters ending September 30, 2026 through and including March 31, 2027, (b) 4.25 to 1.00 for the fiscal quarter ending June 30, 2027, (c) 4.00 to 1.00 for the fiscal quarter ending September 30, 2027, (d) 3.75 to 1.00 for the fiscal quarter ending December 31, 2027, and (e) 3.50 to 1.00 for each fiscal quarter ending on or after March 31, 2028.
The Company shall ensure the Leverage Ratio of Enova, together with its Subsidiaries on a consolidated basis, shall not exceed 3.00 to 1.00, measured as of the last day of each calendar quarter.
The Company will not permit the Total Secured Leverage Ratio, as of the last day of (i) each fiscal quarter ending during the period from December 31, 2024 through and including December 31, 2025, to be greater than 2.00 to 1.00, (ii) each fiscal quarter ending during the period from March 31, 2026 through and including September 30, 2026, to be greater than 1.85 to 1.00 and (iii) the fiscal quarter ending December 31, 2026 and each fiscal quarter thereafter, to be greater than 1.50 to 1.00.

More Definitions of Leverage Ratio

Leverage Ratio means, at any date of determination, the ratio of (a) Indebtedness for Borrowed Money at such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters for which financial statements have most recently been delivered under Section 6.09(a) or (b).

Leverage Ratio has the meaning assigned to such term in Section 6.12(a).

Leverage Ratio means, with respect to the Borrower on a consolidated basis with its Subsidiaries, at the end of any Fiscal Quarter, the ratio of (a) Total Debt at the end of such Fiscal Quarter to (b) Adjusted EBITDA for the four Fiscal Quarters then ending.

Leverage Ratio means, as of the last day of any Fiscal Quarter, the ratio of

Leverage Ratio means, on any date, the ratio of (a)(i) Consolidated Indebtedness plus (ii) the aggregate outstanding attributed principal amount under any Receivables Financing Program incurred in accordance with this Agreement, as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Consolidated Entities ended on or most recently ended as of such date.

Leverage Ratio means the ratio of:

Leverage Ratio means, as of the date of determination, the ratio of (A) Total Funded Debt to (B) EBITDA (i) for the four (4) consecutive fiscal quarters then ending if such date is a fiscal quarter end or (ii) for the four (4) fiscal quarters most recently ended if such date is not a fiscal quarter end.