Net Debt to EBITDA Ratio definition

Net Debt to EBITDA Ratio means the ratio of Net Debt to EBITDA for the then most recently concluded fiscal year, subject to adjustments for Asset Dispositions and investments made during the period.

Net Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of

Net Debt to EBITDA Ratio means, on any date (the “transaction date”), the ratio of:

Examples of Net Debt to EBITDA Ratio in a sentence

• The Company will not, and will not permit any Subsidiary to, incur, directly or indirectly, any Indebtedness unless the pro forma Net Debt to EBITDA Ratio at the date of such incurrence is less than 3.00 to 1.00.

• Borrowings under the Credit Facilities bear interest at short-term floating rates plus a fixed spread, which varies in accordance with the Company's Total Net Debt to EBITDA Ratio (as defined in the Credit Agreement).

• As you know, our mission is three-fold: providing outstanding medical and dental education to the next generation of doctors, dentists and biomedical scientists; Providing cutting-edge basic science and translational research that fosters innovation and spurs economic development; and Providing outstanding patient care.

• The Borrower shall, at all times, maintain a Total Net Debt to EBITDA Ratio of not more than 3.50:1.00, on a rolling four-quarter basis.

• During the covenant relief period ending April 4, 2021, dividends are not permitted except during the fiscal quarters ending January 3, 2021 and April 4, 2021, if the Total Net Debt to EBITDA Ratio is less than 3.00 to 1.00.

More Definitions of Net Debt to EBITDA Ratio

Net Debt to EBITDA Ratio for a particular period means the ratio of (i) a borrower’s Net Debt at the end of that period to (ii) such borrower’s EBITDA for that period.

Net Debt to EBITDA Ratio means, as of any date of determination, the ratio of (a) Net Debt as of such date to (b) EBITDA for the four fiscal quarters ending on such date of determination (except as otherwise provided in Section 6.10(b)).

Net Debt to EBITDA Ratio means, on any date of determination, the ratio of (a) Net Debt as of such date to (b) EBITDA for the most recently completed four fiscal quarters then ended of the Parent as of such date.

Net Debt to EBITDA Ratio means the Net Debt as at the last day of any Relevant Period divided by the EBITDA of the same Relevant Period;

Net Debt to EBITDA Ratio means, as of any date of determination, the ratio of Net Aggregate Debt to Consolidated EBITDA, as of the end of the most recently ended fiscal quarter

Net Debt to EBITDA Ratio means the ratio set forth in Section 10.1 hereof.

Net Debt to EBITDA Ratio means, as of the last day of any Fiscal Semester of VCP, the ratio (expressed as a decimal) of: (a) its Net Debt as of such day to (b) EBITDA for the two most recent Fiscal Semesters ending on such date. For the purpose of clarification, the calculation of Net Debt to EBITDA Ratio (and all components thereof) shall be made using Brazilian GAAP.