Senior Leverage Ratio definition

Senior Leverage Ratio means, on any date, the ratio of (a) Senior Indebtedness as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended on or prior to such date.
Senior Leverage Ratio means, as of any date of determination, on a Pro Forma Basis, the ratio of (i) Senior Indebtedness of the Borrower and its Subsidiaries as of such date to (ii) Annualized EBITDA for the Borrower and its Subsidiaries for the most recently ended Test Period.
Senior Leverage Ratio means with respect to the Company and its Subsidiaries on a Consolidated basis for the most recently ended four full fiscal quarters twelve month period for which financial statements are available, the ratio of (a) Senior Debt of the Company and its Subsidiaries on a Consolidated basis on the last day of such period to (b) EBITDA for such period.

Examples of Senior Leverage Ratio in a sentence

  • Emperor, AIR 1937 Bom 11.Kerosene is not `dangerous petroleum' and no licence is needed to store less than 500 gallons capacity.

  • The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • With respect to any period during which any Permitted Acquisition occurs as permitted pursuant to the terms hereof, for purposes of determining compliance or Pro Forma Compliance with the covenants set forth in Sections 6.11, 6.12, 6.13 and 6.14, the Interest Coverage Ratio, Fixed Charge Coverage Ratio, Leverage Ratio and Senior Leverage Ratio shall be calculated with respect to such periods and such Permitted Acquisition on a Pro Forma Basis.

  • Table 6: Control Arm Follow-up Contact Requirements All control arm subjects will be evaluated at 24 months by MRI for changes in brain lesions.

  • If such compliance certificate is not delivered on the last date for delivery thereof, it shall be assumed that the Consolidated Senior Leverage Ratio as of the end of such fiscal quarter was greater than 4.5 to 1.


More Definitions of Senior Leverage Ratio

Senior Leverage Ratio means, at any date, the ratio of:
Senior Leverage Ratio means, with respect to any period, the ratio of total consolidated Indebtedness (other than Subordinated Debt and L/C Obligations) as of the end of that period to EBITDA for that period.
Senior Leverage Ratio means, as of the end of any fiscal quarter of the Consolidated Parties for the four fiscal quarter period ending on such date with respect to the Consolidated Parties on a consolidated basis, the ratio of (a) Funded Indebtedness other than Subordinated Indebtedness of the Consolidated Parties on a consolidated basis on the last day of such period to (b) Consolidated EBITDA for such period.
Senior Leverage Ratio means, as of any date, the ratio of (a) the Senior Debt on such date to (b) Annualized Operating Cash Flow as of the end of the fiscal quarter being tested or the most recently completed fiscal quarter for which financial statements are required to have been delivered to the Banks pursuant to Section 6.1 or 6.2 hereof, as applicable.
Senior Leverage Ratio means, on any date of determination, the ratio of (a) the sum of (i) amount of Obligations outstanding under this Agreement and any other Loan Document plus (ii) amount of Capitalized Lease Obligations plus (iii) any other Indebtedness that is pari passu in payment or security with the Obligations outstanding under this Agreement and any other Loan Document, to (b) the Consolidated Adjusted EBITDA of the Loan Parties for the four consecutive fiscal quarter period ending prior to such date.
Senior Leverage Ratio means at any time the ratio of (a) Borrower's then Consolidated Senior Debt to (b) Borrower's EBITDAX; provided that for purposes of the foregoing calculation, EBITDAX for any Fiscal Quarter shall be deemed to be four times the EBITDAX for such Fiscal Quarter."
Senior Leverage Ratio has the meaning assigned to such term in Section 6.11(c).