Obligor Net Leverage Ratio definition
Obligor Net Leverage Ratio means, with respect to any Collateral Loan for any Relevant Test Period, the meaning of “Senior Net Leverage Ratio” or any comparable definition in the Related Documents for each such Collateral Loan, and in any case that “Senior Net Leverage Ratio” or such comparable definition is not defined in such Related Documents, the ratio of (a) senior indebtedness of such Obligor (as determined by the Collateral Manager in accordance with the Collateral Management Standard) minus unrestricted cash to (b) EBITDA.
Obligor Net Leverage Ratio means, with respect to any Loan Asset for any Relevant Test Period, the meaning of “Senior Net Leverage Ratio” or any comparable definition in the Loan Asset Documents for each such Loan Asset, and in any case that “Senior Net Leverage Ratio” or such comparable definition is not defined in such Loan Asset Documents, the ratio of (a) senior indebtedness of such Obligor minus unrestricted cash to
Obligor Net Leverage Ratio means, with respect to any Loan Asset for any Relevant Test Period, the meaning of “Senior Net Leverage Ratio” or any comparable definition in the Loan Asset Documents for each such Loan Asset, and in any case that “Senior Net Leverage Ratio” or such comparable definition is not defined in such Loan Asset Documents, the ratio of (a) senior indebtedness of such Obligor minus unrestricted cash to (b)