net leverage definition

net leverage means net debt divided by last quarter annualised Adjusted EBITDA.

net leverage means the ratio of net financial debt (sum of interest-bearing loans and borrowings, current and non-current, less cash and cash equivalents) to Adjusted EBITDA.

net leverage means net debt divided by Adjusted EBITDA for the preceding twelve months;

Examples of net leverage in a sentence

• Net Leverage is a performance measure that we believe provides investors a more complete understanding of our leverage position and borrowing capacity after factoring in cash and cash equivalents that eventually could be used to repay outstanding debt.

• Net Leverage Ratio represents the First Lien Leverage Ratio (as defined in the Credit Facility), and means the ratio of amounts outstanding under the First Lien Term Loan and First Lien Revolver plus other outstanding debt obligations secured by a lien on the assets of Focus LLC (excluding letters of credit other than unpaid drawings thereunder) minus unrestricted cash and cash equivalents to Consolidated EBITDA (as defined in the Credit Facility).

• Net Leverage is defined as net debt (total debt less cash and cash equivalents) divided by LTM Adjusted EBITDA.

• The Dividend Test is met if the Net Leverage Ratio is not greater than 3.50x and no Event of Default is continuing or would occur upon the making of the Restricted Payment.

• Thereafter, the Applicable Rate shall be determined using the grid below and by reference to the Consolidated First Lien Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a).

More Definitions of net leverage

net leverage. In respect of any Relevant Period, the ratio of Net Funded Debt on the last day of that Relevant Period to Adjusted EBITDA in respect of that Relevant Period.

net leverage means, at any applicable date, the ratio of Funded Debt to EBITDA.

net leverage means net debt divided by annualised Adjusted EBITDA.

net leverage has the meaning given to that term in Clause 19.3 (Financial Definitions);

net leverage means, in respect of any Calculation Period, the ratio of Consolidated Total Net Borrowings to EBITDA in respect of the Calculation Period;

net leverage means, at any applicable date, the ratio of Funded Debt to EBITDA. " Notes " means each and both of the Revolving Credit Note and the Term Note.

net leverage means: Total Liabilities less (Liquid Assets exceeding $25,000,000) ------------------------------------------------------------- Total Assets less (Liquid Assets exceeding $25,000,000)