Definition of Ratio Test Period


Ratio Test Period means each period of 12 months ending on a Ratio Test Date.

Examples of Ratio Test Period in a sentence

Debt to EBITDA Ratio certificate no later than 30 days after close of each fiscal quarter during the Leverage Ratio Test Period, certifying the Debt to EBITDA Ratio for the twelve-month period; and xv.
Holdings and its Subsidiaries shall maintain a Fixed Charge Coverage Ratio (as calculated on a consolidated basis) of at least 1.1 to 1.0 for each Fixed Charge Coverage Ratio Test Period ending during any Financial Covenant Trigger Period or immediately before the commencement of any Financial Covenant Trigger Period.
Intermediate Holdings and its Restricted Subsidiaries shall maintain a Fixed Charge Coverage Ratio (as calculated on a consolidated basis) of at least 1.0 to 1.0 for each Fixed Charge Coverage Ratio Test Period ending during any Financial Covenant Trigger Period and on the date of the occurrence of the trigger for the applicable Financial Covenant Trigger Period.
The Financial Covenants shall be tested on each Ratio Test Date by reference to the unaudited and/or audited consolidated financial statements of the Group, as applicable, in respect of the relevant Ratio Test Period.
If, during the Leverage Ratio Test Period, the Debt to EBITDA Ratio (as defined below) is higher than amounts set out below Borrower will be required to sweep all cash to pay down the Loans until the following ratios have been achieved.