Senior Funded Debt to EBITDA Ratio definition

Senior Funded Debt to EBITDA Ratio means, at any time, the ratio of (i) Senior Funded Debt at such time to (ii) EBITDA in the immediately preceding twelve (12) month period.

Senior Funded Debt to EBITDA Ratio means, in respect of any Fiscal Quarter, on a Consolidated basis in respect of the Borrower, the ratio of (a) Senior Funded Debt at the end of such Fiscal Quarter, to (b) EBITDA in the fiscal period comprised of such Fiscal Quarter and the immediately preceding three (3) Fiscal Quarters.

Senior Funded Debt to EBITDA Ratio means, with respect to Parent and its Subsidiaries, on a consolidated basis, the ratio of (a) Funded Debt as of any date of determination (including the average daily closing balance of the Revolving Loan for the thirty day period ending on (and including) the date of determination), to (b) EBITDA for the twelve months ending on that date of determination.

Examples of Senior Funded Debt to EBITDA Ratio in a sentence

• Results for contributions to labour productivity growth are shown in Tables A3 and A4.

• Within thirty (30) days after the close of each fiscal quarter, Credit Parties shall provide to the Bank a certificate showing the current Senior Funded Debt to EBITDA Ratio.

• Upon Lender’s receipt of Borrower’s quarterly financial statements required to be delivered to Lender pursuant to Section 4.2(b)(i) of the Loan Agreement, the Applicable LIBO Rate Margin will be subject to adjustment in accordance with the table set forth above based on the then applicable Senior Funded Debt to EBITDA Ratio, so long as no Default or Event of Default is existing as of applicable Determination Date or as of the effective date of adjustment.

• As of March 31, 2001, (i) the Total Funded Debt to EBITDA Ratio was not less than 5.5:1.0 as required by Section 8.11(a) of the Credit Agreement and (ii) the Senior Funded Debt to EBITDA Ratio was not less than 3.5:1.0 as required by Section 8.11(b) of the Credit Agreement (the "March Defaults").

• As of June 30, 2001, (i) the Total Funded Debt to EBITDA Ratio was not less than 5.5:1.0 as required by Section 8.11(a) of the Credit Agreement and (ii) the Senior Funded Debt to EBITDA Ratio was not less than 3.5:1.0 as required by Section 8.11(b) of the Credit Agreement (the "June Defaults").

More Definitions of Senior Funded Debt to EBITDA Ratio

Senior Funded Debt to EBITDA Ratio means, as of each date of determination, the ratio of (a) Senior Funded Debt as of that date, to (b) EBITDA for the four consecutive fiscal quarter period most recently ended.

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

Senior Funded Debt to EBITDA Ratio means, with respect to Parent and its Subsidiaries, on a consolidated basis, the ratio of (a) Funded Debt as of any date of determination (including the average daily closing balance of the revolving loans under the GE Credit Agreement for the thirty (30) day period ending on (and including) the date of determination), to (b) EBITDA for the twelve months ending on that date of determination.

Senior Funded Debt to EBITDA Ratio means (a) for the Computation Periods ending September 30, 1998 and December 31, 1998, the ratio of (i) Senior Funded Debt as of the last day of such Computation Period to (ii) the sum of (1) EBITDA for such Computation Period (multiplied, solely in the case of the Computation Period ending September 30, 1998, by 1.33) plus (2) the lesser of (A) $1,983,000 and (B) Recyc EBITDA for such Computation Period; (b) for the Computation Periods ending March 31, 1999 and June 30, 1999, the ratio of (i) Senior Funded Debt as of the last day of such Computation Period to (ii) the sum of (1) EBITDA for such Computation Period plus (2) Recyc EBITDA for such Computation Period; and (c) for any Computation Period ending thereafter, the ratio of (i) Senior Funded Debt as of the last day of such Computation Period to (ii) EBITDA for such Computation Period.

Senior Funded Debt to EBITDA Ratio means Funded Debt of the Consolidated Borrower divided by the EBITDA of the Consolidated Borrower.

Senior Funded Debt to EBITDA Ratio means, as to Coolbrands and its Consolidated Subsidiaries for any period, the ratio of (i) Consolidated Senior Funded Debt (as of the last day of such period) to (ii) Consolidated EBITDA for such period. The Senior Funded Debt to EBITDA Ratio shall be measured and tested at the end of each fiscal quarter and, in the case of Consolidated EBITDA, for a period covering the four (4) fiscal quarters then ended.

Senior Funded Debt to EBITDA Ratio means the ratio of "Senior Funded Debt" to "EBITDA", with "Senior Funded Debt" defined as total funded unsubordinated indebtedness, according to GAAP and including capital leases, of Borrowers, and "EBITDA" defined as (a) net income, after income taxes, determined in conformity with GAAP; plus (b) income taxes deducted in determining net income; plus (c) interest expense deducted in determining net income; plus (d) amortization and depreciation expenses deducted in determining net income; plus (e) other non-cash charges (excluding accruals in the normal course of business), deducted in determining net income.