Senior Funded Indebtedness to EBITDA Ratio definition

Senior Funded Indebtedness to EBITDA Ratio means, at any date, the ratio of (a) Senior Funded Indebtedness for such date to (b) Adjusted EBITDA for the period of four fiscal quarters ended on or most recently prior to such date.
Senior Funded Indebtedness to EBITDA Ratio shall have the meaning ascribed to said term in Section 6.17 hereof.

Examples of Senior Funded Indebtedness to EBITDA Ratio in a sentence

  • The Company will not permit the Senior Funded Indebtedness to EBITDA Ratio, on the last day of any fiscal quarter to be greater than 2.50 to 1.00 as of the fiscal quarter ending June 30, 2018 and on each fiscal quarter ending thereafter.

  • Holdings shall not permit the Senior Funded Indebtedness to EBITDA Ratio as of the last day of any fiscal quarter of Holdings to be greater than 2.50 to 1.0.

  • Borrower and its direct and indirect Subsidiaries shall maintain a Senior Funded Indebtedness to EBITDA Ratio of not more than 3.50 to 1.00 calculated as of the end of each Fiscal Year and as of the end of each Fiscal Quarter for the trailing twelve (12) month period ending as of the end of each such Fiscal Quarter.

  • In the event the Senior Funded Indebtedness to EBITDA Ratio is determined by Lender to be out of compliance during any test period, Borrower shall be required to make an immediate principal reduction payment in an amount sufficient to bring the Loan into compliance with this financial covenant.

  • On the corrected copy, update the rear setback of the accessory structure to be ten (10) feet.


More Definitions of Senior Funded Indebtedness to EBITDA Ratio

Senior Funded Indebtedness to EBITDA Ratio means, for the Borrower and its Subsidiaries on a consolidated basis, calculated as of any date of determination for the Last Four Fiscal Quarters after giving Pro Forma Effect to any relevant transaction occurring during such period, the ratio of (a) Consolidated Funded Indebtedness less Subordinated Indebtedness, to (b)
Senior Funded Indebtedness to EBITDA Ratio means the ratio of (i) Indebtedness (a) in respect of money borrowed or (b) evidenced by a note, debenture or other like written obligation to pay money (excluding Subordinated Debt) or (c) in respect of Capital Lease Obligations or (d) in respect of obligations or liabilities under conditional sales or other title retention agreements to (ii) EBITDA, both for the period of measure. Notwithstanding the foregoing, for the Fiscal Quarters ending September 30, 2013, December 31, 2013, March 31, 2014 and June 30, 2014, the Senior Funded Indebtedness to EBITDA Ratio shall be calculated by using in place of EBITDA in the above definition of Senior Funded Indebtedness to EBITDA Ratio, the combined EBITDA of Borrower and HPI Direct EBITDA, as follows:
Senior Funded Indebtedness to EBITDA Ratio means, as calculated for the respective Reference Period and computed on a consolidated basis (if applicable), a ratio calculated as follows: (a) indebtedness (excluding subordinated indebtedness); divided by (b) on a consolidated basis, EBITDA excluding all distributions, dividends and non-cash gains or losses as determined in accordance with GAAP. Notwithstanding the foregoing, with respect to the calculations of said ratio for the Reference Periods ending June 30, 2011 and September 30, 2011, respectively, the then value of EBITDA shall be first multiplied by four (4). The Senior Funded Indebtedness to EBITDA Ratio is to be measured quarterly.
Senior Funded Indebtedness to EBITDA Ratio means, as of any date of determination, the ratio resulting from dividing: (a) Funded Indebtedness as of the end of the applicable Test Period by (b) the sum of (i) EBITDA for that same Test Period plus (ii) any Extraordinary Expenses incurred in that same Test Period (provided, that the aggregate amount of Extraordinary Expenses added back pursuant to this clause (ii) for the Test Period that ended on December 31, 2007 shall not exceed $8,100,000; and provided, further, the aggregate amount of Extraordinary Expenses added back for the Test Period ending on, and for each Test Period ending after, March 31, 2008 shall not exceed $100,000 for each such Test Period), plus (iii) Closing Costs for that same Test Period.
Senior Funded Indebtedness to EBITDA Ratio means, as of any date of determination, the ratio resulting from dividing: (a) Funded Indebtedness as of the end of the applicable Test Period by (b) the sum of (i) EBITDA for that same Test Period plus (ii) the Mycopesticide Adjustment to the extent deducted from Net Income for such Test Period, plus (iii) any Extraordinary Expenses (other than the Mycopesticide Adjustment) incurred in that same Test Period up to an aggregate amount of $100,000, plus (iv) Closing Costs for that same Test Period.
Senior Funded Indebtedness to EBITDA Ratio means, at any date, the ratio of (a) Senior Funded Indebtedness for such date to (b) EBITDA for the period of four fiscal quarters ended on or most recently prior to such date; provided, however, for purposes of calculating EBITDA above, (1) the EBITDA of Xxxxxx Air Enterprises shall be deemed to be (i) the actual EBITDA of Xxxxxx Air Enterprises for the one month period ending June 30, 2017 plus $736,887, (ii) the actual EBITDA of Xxxxxx Air Enterprises for the fourth month period ending September 30, 2017 plus $586,394, (iii) the actual EBITDA of Xxxxxx Air Enterprises for the seventh month period ending December 31, 2017 plus $761,155, and (iv) the actual EBITDA of Xxxxxx Air Enterprises for the ten month period ending March 31, 2018 plus $286,739; and (2) the EBITDA of CAD shall be deemed to be (i) the actual EBITDA of CAD for the one month period ending June 30, 2018 plus $3,403,284, (ii) the actual EBITDA of CAD for the fourth month period ending September 30, 2018 plus $2,425,713, (iii) the actual EBITDA of CAD for the seventh month period ending December 31, 2018 plus $1,569,617, and (iv) the actual EBITDA of CAD for the ten month period ending March 31, 2019 plus $659,895.
Senior Funded Indebtedness to EBITDA Ratio added to the Financing Agreement by paragraph 4(e) of the First Amendment was intended to be designated "Section 5.1.19" and not "Section 5.1.18" as indicated in the First Amendment, and that (ii) the Financing Agreement is hereby amended by designating the "Senior Funded Indebtedness to EBITDA Ratio" section to be Section 5.1.19.