Senior Debt to EBITDA Ratio definition

Senior Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (i) Senior Debt as of such day to (ii) EBITDA for the Computation Period ending on such day.

Senior Debt to EBITDA Ratio means, for any period, the ratio of (i) Senior Debt, to (ii)

Senior Debt to EBITDA Ratio means the ratio of Senior Debt to EBITDA.

Examples of Senior Debt to EBITDA Ratio in a sentence

• The Borrowers, on a Modified Consolidated Basis, will ensure that the Senior Debt to EBITDA Ratio determined as at the last day of each Fiscal Quarter is not greater than 1.50:1 in respect of the immediately preceding Four Quarter Period.

• The Borrower, on a Modified Consolidated Basis, will ensure that the Senior Debt to EBITDA Ratio determined as at the last day of each Fiscal Quarter is not greater than set forth in table below in respect of the immediately preceding Four Quarter Period.

• All interest and fees payable hereunder which are to be adjusted as a result of a change in the Consolidated Senior Debt to EBITDA Ratio and a corresponding change in the Margin, shall be adjusted effective on the first day of the Fiscal Quarter following the Fiscal Quarter in which the Compliance Certificate is delivered (or which is due to be delivered) which indicates that a change in the Consolidated Senior Debt to EBITDA Ratio has occurred which requires a change to such interest and fees.

• The effective date on which any change in interest rates on Canadian Prime Rate Loans, U.S. Base Rate Loans and LIBOR Based Loans, standby fees, stamping fees or Issuance Fees occurs will be the earlier of: (i) the third Banking Day following the receipt by the Agent of the Compliance Certificate which evidences a change in the Consolidated Senior Debt to EBITDA Ratio: and (ii) the date such Compliance Certificate is due in accordance with Section 14.1(g).

• The Borrower will maintain a maximum Senior Debt to EBITDA Ratio of not greater than 3.0 to 1.0.

More Definitions of Senior Debt to EBITDA Ratio

Senior Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of

Senior Debt to EBITDA Ratio means, for any Four Quarter Period, the ratio of Senior Debt as at the last day of the applicable Four Quarter Period to EBITDA in respect of such Four Quarter Period.

Senior Debt to EBITDA Ratio means, as of any date of determination, a ratio, the numerator of which shall equal Senior Debt as of such date and the denominator of which shall equal Consolidated EBITDA for the four quarter period ending on such date.

Senior Debt to EBITDA Ratio means the ratio for the Company, on a consolidated basis in accordance with GAAP, as at the end of any fiscal quarter of Senior Debt as of such quarter end to EBITDA as of such quarter end for the four fiscal quarters then ending.

Senior Debt to EBITDA Ratio means as of the last day of any Fiscal Quarter, the ratio of: (i) all Funded Debt of the Borrower and its Subsidiaries as of such day to (ii) EBITDA for the Computation Period ending on such day (other than Debt of the type described in CLAUSE (iii) of the definition of Subordinated Debt).

Senior Debt to EBITDA Ratio means, as at any date, the ratio of the following:

Senior Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Senior Debt as of such day minus the sum of cash and Cash Equivalent Investments of the Loan Parties on deposit in accounts for which a control agreement in favor of Agent to the extent required by Section 7.15 has been executed and is in effect (excluding from such deduction the portion of such cash and Cash Equivalents that is in excess of $15,000,000) to (b) Adjusted EBITDA for the Computation Period ending on such day.