Pro Forma Interest Coverage Ratio means, on any date of determination, the ratio of EBITDA to Interest Expense, in each case, for the immediately preceding four full fiscal quarters for which financial statements are available, after giving pro forma effect to any acquisitions or dispositions or incurrence or repayments of Indebtedness occurring from the start of such period through the date of determination and the event for which the Pro Forma Interest Coverage Ratio is being calculated, as if such acquisition or disposition, incurrence or repayment of Indebtedness or such event took place on the first day of such period.
Pro Forma Interest Coverage Ratio means, with respect to any person, after giving effect to any potential Permitted Acquisition or Permitted De Novo Capital Expenditure, the ratio for the one fiscal quarter period (in the case of proposed acquisitions or capital expenditures to occur prior to December 31, 1998), two fiscal quarter period (in the case of proposed acquisitions or capital expenditures to occur on or after December 31, 1998 but prior to March 31, 1999), three fiscal quarter period (in the case of proposed acquisitions or capital expenditures to occur on or after March 31, 1999 but prior to June 30, 1999) or four fiscal quarter period (in the case of proposed acquisitions or capital expenditures to occur on or after June 30, 1999) of (a) the sum of (x) EBITDA of such person for such period plus, in the case of a Permitted Acquisition, (y) Pro Forma EBITDA of such person for such period to (b) the sum of (x) Pro Forma Cash Interest Expense of such person for such period plus (y) Preferred Dividends paid in cash during such period.
Pro Forma Interest Coverage Ratio at any date of determination, the ratio of EBITDA for the four fiscal quarter period ending on such date or, if such date is not the last day of a fiscal quarter, for the immediately preceding four fiscal quarter period, to Pro Forma Interest Expense as of such date.
Examples of Pro Forma Interest Coverage Ratio in a sentence
Maintain at all times a Pro Forma Interest Coverage Ratio of not less than 2.00 to 1.00.
The Pro Forma Interest Coverage Ratio after giving effect to the Permitted Acquisition to be financed with the proceeds of such Acquisition Loans shall be at least 1.75 to 1.00.
More Definitions of Pro Forma Interest Coverage Ratio
Pro Forma Interest Coverage Ratio means, at any time, the ratio of (i) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters ending on, or most recently ended prior to, such time to (ii) Pro Forma Interest Charges.
Pro Forma Interest Coverage Ratio means, at any time, the ratio SCHEDULE B ----------
Pro Forma Interest Coverage Ratio means, as of any date of determination, the ratio computed for the period consisting of the most recent four consecutive Fiscal Quarters for which internal financial statements are available prior to the date of such determination (PROVIDED that in the event the last Fiscal Quarter included in such period is one of the first three Fiscal Quarters after the Closing Date the Interest Expense component of the Pro Forma Interest Coverage Ratio shall be determined on an Annualized basis) of:
Pro Forma Interest Coverage Ratio means, for any period of four consecutive fiscal quarters (the "Reference Period"), the ratio of Adjusted EBITDA to Adjusted Interest Expense for such period; provided that:
Pro Forma Interest Coverage Ratio means, for any period, with respect to any Acquisition of a Person by the Company, the ratio of (a) the Consolidated Adjusted EBIT of the Company and its Subsidiaries plus the Consolidated EBIT of the Person being acquired by the Company, to (b) the sum of Consolidated Interest Charges of the Company and its Subsidiaries plus Consolidated Interest Charges of the Person being acquired by the Company.
Pro Forma Interest Coverage Ratio for any incurrence of Additional Debt means the ratio of (A) EBITDA to (B) Interest Expense, calculated in the case of each of such amounts for the period of 12 consecutive full calendar months most recently ended prior to the incurrence of such Additional Debt on a pro forma basis, assuming that (x) such Additional Debt was incurred by the Company or its Subsidiaries immediately prior to the commencement of such 12-month period, and (y) the net proceeds of such Additional Debt were applied, and any related transaction (including, without limitation, any acquisition of Capital Stock or assets of any Person financed in whole or in part by means of such Additional Debt and any concurrent repayment of outstanding Indebtedness) occurred, immediately prior to the commencement of such 12-month period; and the "Pro Forma Leverage Ratio" for any incurrence of Additional Debt means the ratio of (C) Consolidated Total Indebtedness, calculated as of the date of incurrence of such Additional Debt immediately after giving effect thereto and to any concurrent repayment of outstanding Indebtedness, to (D) EBITDA, calculated for the period of 12 consecutive full calendar months most recently ended prior to the incurrence of such Additional Debt on a pro forma basis assuming that the net proceeds of such Additional Debt were applied, and any related transaction (including, without limitation, any acquisition of Capital Stock or assets of any Person financed in whole or in part by means of such Additional Debt and any concurrent repayment of outstanding Indebtedness) occurred, immediately prior to the commencement of such 12-month period. For the purposes of this definition, Indebtedness of the Company or its Subsidiaries provided for under a revolving credit or similar arrangement (including, without limitation, the Indebtedness provided for under the Senior Loan Documents as in effect on the date hereof) shall be deemed to be incurred at the time of any increase in the maximum commitment amount relating thereto (whether or not such increase is accompanied by an increase in the principal amount thereof at the time outstanding), but not at the time of any increase in the outstanding principal amount of such Indebtedness to an amount which is less than or equal to the maximum commitment amount thereof at the time in effect.
Pro Forma Interest Coverage Ratio means the ratio of Pro Forma EBITDA to Pro Forma Cash Interest Expense.