Pro Forma Leverage definition

Pro Forma Leverage as at any date of determination, the ratio of (a) total Indebtedness, as at such date and after giving effect to any Indebtedness incurred on such date, to (b) EBITDA for the four fiscal quarters most recently ended as to which financial statements have been delivered to the Agent.
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Examples of Pro Forma Leverage in a sentence

  • The Pro Forma Leverage Ratio shall not exceed 5.65 to 1.0, and the Borrower shall have provided reasonably satisfactory support for such calculation, provided that the Sponsor shall have the ability to cure any shortfall with equity contributions in the same manner as provided for in Section 8.2 with respect to the Financial Condition Covenants.

  • Effective as of the First Amendment Effective Date and subject to the terms and conditions set forth herein and in reliance upon representations and warranties set forth herein, the parties hereto agree to (a) waive the Existing Event of Default and (b) waive the Pro Forma Leverage Requirement in connection with the ▇▇▇▇▇▇▇▇ Acquisition.

  • The Pro Forma Leverage Ratio shall not be greater than 4.25 to 1.00.

  • As of the Settlement Date for such Advance (and in addition to any other requirements and covenants hereunder), Borrowers must be in compliance with the Pro Forma Leverage Ratio requirement under Section 4.1 using an amount for Funded Debt that is as of such Settlement Date and inclusive of the proposed Advance, provided that the $10,000,000 held in the Escrow Account shall be excluded from such calculation while it is held in the Escrow Account.

  • The Borrowers and Guarantors will not make, and will not permit or suffer any of the Pledged Entities making, any acquisition of the Capital Stock or all, substantially all or a material portion of the assets of any Person unless (a) such acquisition is in furtherance of the Lines of Business, and (b) at the time of any such acquisition (i) there is no Default outstanding for which notice, if required, has been given, and (ii) the Pro Forma Leverage Test is satisfied.

  • The Pro Forma Leverage Ratio shall not exceed 5.70 to 1.0, and the Borrower shall have provided reasonably satisfactory support for such calculation, provided that the Sponsors shall have the ability to cure any shortfall with equity contributions in the same manner as provided for in Section 8.2 with respect to the Financial Condition Covenants.

  • If, after giving effect thereto, the Pro Forma Leverage Ratio would be greater than 3.00 to 1, then the Parent will not, and will not permit any Restricted Subsidiary to, in any fiscal year of the Parent permit the aggregate amount of all Capital Expenditures and Acquisitions to exceed $50,000,000 (or its equivalent in other currencies as of the date of each relevant transaction).

  • The covenants set forth in this Section 3, other than those set forth in Section 3.3, shall terminate and be of no further force and effect upon the earlier to occur of the closing of the Company's Initial Public Offering or a Change of Control of the Company.

  • If, after giving effect thereto, the Pro Forma Leverage Ratio would be greater than 2.50 to 1, then the Company will not, and will not permit any Restricted Subsidiary to, in any fiscal year of the Company permit the aggregate amount of all Capital Expenditures and Acquisitions to exceed $75,000,000 (or its equivalent in other currencies as of the date of each relevant transaction).

  • All references to “Leverage Ratio” in the definition of “Applicable Margin” in Section 1.1 of the Credit Agreement are hereby changed to refer to “Consolidated Pro Forma Leverage Ratio”.