Parent Leverage Ratio definition

Parent Leverage Ratio means the Consolidated Leverage Ratio (as such term is defined in the Existing Parent Senior Notes Indenture as in effect on the Restatement Effective Date without giving effect to any amendment or modification thereto); provided however, that such leverage ratio shall be computed without giving effect to the purchase method of accounting for the purposes of this Agreement notwithstanding its computation for the purposes of the Existing Parent Senior Notes Indenture.
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Parent Leverage Ratio means, at any time, the ratio of (i) Parent Consolidated Indebtedness at such time to (ii) Parent Consolidated Total Capital at such time;
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Parent Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Parent Debt to (b) Consolidated EBITDA of the Parent and its Subsidiaries for the last four fiscal quarters of the Parent ending on, or most recently before, such date.
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Examples of Parent Leverage Ratio in a sentence

  • Once Horizon has achieved Stage 2 Compliance, the Stage 1 covenants shall cease to be effective and the following covenants shall be applicable: (1) Total Debt/EBITDA: As of any fiscal quarter end, the Parent shall not permit the ratio of (a) Total Debt on such date to (b) EBITDA for the most recently ended six month period times two (2) (the "Parent Leverage Ratio"), to be greater than [______] to 1.00, with stepdowns to be determined.

  • The Administrative Agent shall have received evidence satisfactory thereto provided by the Parent that the Parent Leverage Ratio as of the Closing Date calculated on a Pro Forma Basis, is no greater than 1.85 to 1.0.

  • Each determination of the Parent Leverage Ratio and the DOC Leverage Ratio pursuant to this Pricing Grid shall be made for the periods and in the manner contemplated by Section 7.1 of the Credit Agreement.

  • Permit the Parent Leverage Ratio at any time on or after December 31, 2004 to be greater than 8.50 to 1.00.

  • In addition, at all times while an Event of Default shall have occurred and be continuing, the Parent Leverage Ratio shall for the purposes of this Pricing Grid be deemed to be greater than 4.5 to 1 and the DOC Leverage Ratio shall for the purposes of this Pricing Grid be deemed to be greater than greater than 1.0 to 1.

  • Parent Leverage Ratio..................................................................

  • The Borrower will not permit the Parent Leverage Ratio on the last day of any fiscal quarter or fiscal year of the Parent to be greater than 0.35:1.00.


More Definitions of Parent Leverage Ratio

Parent Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Parent, the ratio of (a) Consolidated Total Debt of the Parent (excluding any Indebtedness of DOC or any of its Subsidiaries which is owed to the Parent or any of its Subsidiaries and which (i) is subordinated to the payment in full of the Obligations, (ii) does not require any payment, including of interest, in cash at any time prior to the payment in full of the Term Loans and (iii) is on terms acceptable to the Administrative Agent) on such day to (b) Consolidated EBITDA of the Parent for such period; provided that for purposes of calculating Consolidated EBITDA of the Parent for any period, (i) the Consolidated EBITDA of any Person acquired by the Parent or any of its Subsidiaries during such period shall be included on a pro forma basis for such period (assuming the consummation of such acquisition occurred on the first day of such period) if the consolidated balance sheet of such acquired Person and its consolidated Subsidiaries as at the end of the period preceding the acquisition of such Person and the related consolidated statements of income and stockholders' equity and of cash flows for the period in respect of which Consolidated EBITDA is to be calculated (x) have been previously provided to the Administrative Agent and the Lenders and (y) either (1) have been reported on without a qualification arising out of the scope of the audit by independent certified public accountants of nationally recognized standing or (2) have been found acceptable by the Administrative Agent and (ii) the Consolidated EBITDA of any Person Disposed of by the Parent or any of its Subsidiaries during such period shall be excluded for such period (assuming the consummation of such Disposition and the repayment of any Indebtedness in connection therewith occurred on the first day of such period); provided that in determining the Parent Leverage Ratio, none of the Unrestricted Group shall be included as a Subsidiary of the Parent in the foregoing calculations.
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Parent Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Parent, the ratio of (a) Consolidated Total Debt of the Parent on such day to (b) Consolidated EBITDA of the Parent for such period; provided that for purposes of calculating Consolidated EBITDA of the Parent for any period, (i) the Consolidated EBITDA of any Person acquired by the Parent or any of its Subsidiaries during such period shall be included on a pro forma basis for such period (assuming the consummation of such acquisition occurred on the first day of such period) if the consolidated balance sheet of such acquired Person and its consolidated Subsidiaries as at the end of the period preceding the acquisition of such Person and the related consolidated statements of income and stockholders' equity and of cash flows for the period in respect of which Consolidated EBITDA is to be calculated (x) have been previously provided to the Administrative Agent and the Lenders and (y) either (1) have been reported on without a qualification arising out of the scope of the audit by independent certified public accountants of nationally recognized standing or (2) have been found acceptable by the Administrative Agent and (ii) the Consolidated EBITDA of any Person Disposed of by the Parent or any of its Subsidiaries during such period shall be excluded for such period (assuming the consummation of such Disposition and the repayment of any Indebtedness in connection therewith occurred on the first day of such period); provided that in determining the Parent Leverage Ratio, none of the Unrestricted Group shall be included as a Subsidiary of the Parent in the foregoing calculations.
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Parent Leverage Ratio means, with respect to the Parent and its Subsidiaries on a consolidated basis for the twelve-month period ending on the last day of any fiscal quarter of the Parent, the ratio of (a) Funded Debt of the Parent and its Subsidiaries on a consolidated basis on the last day of such period to (b) Consolidated Parent EBITDA for such period.
Sample 1
Parent Leverage Ratio means, as of the last day of each Fiscal Quarter, the RATIO OF (a) Average Quarterly Adjusted Funded Debt of Parent for that Fiscal Quarter to (b) Adjusted EBITDA of Parent for the fiscal period consisting of that Fiscal Quarter and the three immediately preceding Fiscal Quarters; PROVIDED that the components of such ratio shall be calculated for Parent on a consolidated basis, EXCEPT that such calculations shall exclude any amounts or items attributable to Unrestricted New Venture Entities.
Sample 1
Parent Leverage Ratio means, on any date, the ratio of (a) Parent Debt on such date to (b) Adjusted Distributed Income for the period of four consecutive fiscal quarters most recently ended on or prior to such date, taken as one accounting period.
Sample 1
Parent Leverage Ratio means, as of any date of determination, the ratio of (a) the outstanding amount of all Indebtedness, to (b) Tangible Net Worth as of such date, in each case as determined on a consolidated basis for Parent and its Subsidiaries.
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Related to Parent Leverage Ratio

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Senior Leverage Ratio means the ratio of (a) Consolidated Senior Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated Senior Leverage Ratio means, for any date of determination (i) Consolidated Funded Indebtedness on such date of determination (excluding the Unsecured Note Indebtedness) to (ii) Consolidated Adjusted EBITDA for the applicable period of four consecutive fiscal quarters.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Company most recently ended on or prior to such date.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Secured Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Net Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated First Lien Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters of the Borrower most recently ended.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • First Lien Leverage Ratio means, on any date, the ratio of (a) Consolidated First Lien Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated Secured Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Secured Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Consolidated Senior Secured Net Leverage Ratio means as of any date of determination the ratio, on a Pro Forma Basis, of (a) Consolidated Senior Secured Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Consolidated Secured Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness secured by a Lien as of such date and (b) the Reserved Indebtedness Amount secured by a Lien as of such date to (y) LTM EBITDA.

  • Secured Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated Senior Secured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Senior Secured Indebtedness on such date to (b) the sum, without duplication, of (i) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date plus (ii) the amount of Specified Non-Recurring Charges taken during the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.