LTM Basis definition
LTM Basis means a calculation of Consolidated EBITDA for any four-Fiscal Quarter period obtained by adding the components of Consolidated EBITDA for such period.
Examples of LTM Basis in a sentence
Subsection 2.2A(i) is hereby amended by deleting the table set forth therein in its entirety and inserting the following in lieu thereof: 1 BB+/Ba1 or higher <0.75:1.00 2.75 % 1.75 % 2 BB/Ba2 >0.75:1.00 <1.25:1.00 3.00 % 2.00 % 3 BB-/Ba3 >1.25:1.00 <1.75:1.00 3.25 % 2.25 % 4 BB-/Ba3 >1.75:1.00 <2.50:1.00 3.50 % 2.50 % 5 B+/B1 or lower >2.50:1.00 3.75 % 2.75 % For purposes of the foregoing, the Consolidated Leverage Ratio shall be calculated using the LTM Basis.