Senior Secured Debt to EBITDA Ratio definition

Senior Secured Debt to EBITDA Ratio means the ratio of (a) Senior Secured Debt on the relevant calculation date to (b) the sum of the consolidated EBITDA of Hudbay for the most recently completed four fiscal quarters.
Sample 1Sample 2Sample 3
Senior Secured Debt to EBITDA Ratio means, as at a Quarter End, the ratio of (a) Senior Secured Debt as at such Quarter End to (b) EBITDA for the 12 months ending as at such Quarter End.
Sample 1Sample 2Sample 3
Senior Secured Debt to EBITDA Ratio means the ratio of (a) Senior Secured Debt on the relevant calculation date to (b) the sum of the consolidated EBITDA of the Borrower for the most recently completed four fiscal quarters.
Sample 1Sample 2Sample 3

Examples of Senior Secured Debt to EBITDA Ratio in a sentence

  • The Borrowers shall not, as at each Quarter End, permit the Senior Secured Debt to EBITDA Ratio to exceed 3.50:1.00.


More Definitions of Senior Secured Debt to EBITDA Ratio

Senior Secured Debt to EBITDA Ratio means, as of the last day of any ----------------------------------- Fiscal Quarter, the ratio of (a) Senior Secured Debt outstanding on such date to -- (b) EBITDA for the Rolling Period ending on such date: provided, however, that -------- ------- for the period ended December 31, 1997, Senior Secured Debt shall not include any Loans made to finance a Related Acquisition.
Sample 1
Senior Secured Debt to EBITDA Ratio means, as at the end of a Fiscal Quarter or Fiscal Year, the ratio of "Senior Secured Debt" to "EBITDA" (as those terms are defined in the BEC Credit Agreement) for the Trailing Fiscal Quarters, as certified by BEC from time to time under and pursuant to the BEC Credit Agreement and in accordance with the BEC Financials;
Sample 1
Senior Secured Debt to EBITDA Ratio means, on any date, the ratio of (a) the Total Indebtedness of the Borrower and the Restricted Subsidiaries as of such date that is, directly or indirectly, secured by any assets or properties of the Borrower or the Restricted Subsidiaries in the amount that would be reflected on a consolidated balance sheet of the Borrower and the Restricted Subsidiaries prepared as of such date in accordance with GAAP, to (b) Consolidated EBITDA for the most recent period of four consecutive fiscal quarters of the Borrower and the Restricted Subsidiaries ended on or prior to such date.
Sample 1
Senior Secured Debt to EBITDA Ratio means, as of the last day of each Fiscal Quarter, the ratio of (a) the sum of (i) Funded Debt, plus (ii) without duplication, all obligations of Borrower and its Restricted Subsidiaries with respect to Swap Agreements, plus (iii) all Contingent Obligations of Borrower and its Restricted Subsidiaries with respect to indebtedness for borrowed money or in support of the obligations of any Restricted Subsidiary, minus (iv) the principal amount of the then outstanding Senior Notes (or any refinancings thereof permitted by Section 6.2 hereof) and of all Subordinated Obligations, in each case as of such date, to (b) EBITDA for the twelve month fiscal period ended on such date.
Sample 1
Senior Secured Debt to EBITDA Ratio means, as of the last day of each Fiscal Quarter, the ratio of (a) the sum of (i) Funded Debt, plus (ii) without duplication, all obligations of Borrower and its Subsidiaries with respect to Swap Agreements, plus (iii) all Contingent Obligations of Borrower and its Subsidiaries with respect to indebtedness for borrowed money, minus (iv) the principal amount of the then outstanding Senior Notes (or any refinancings thereof permitted by Section 6.1A of the Loan Agreement) and of all Subordinated Obligations, in each case as of such date, to (b) EBITDA for the twelve month fiscal period ended on such date.
Sample 1

Related to Senior Secured Debt to EBITDA Ratio

  • Total Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of that day minus the lesser of (i) Unrestricted Cash and (ii) $5,000,000 to (b) EBITDA for the Computation Period ending on that day.

  • Secured Debt Ratio means the ratio of (a) Secured Debt to (b) the aggregate amount of Indebtedness of the Company and its Subsidiaries that are consolidated with the Company for purposes of GAAP (including Indebtedness under the Notes and excluding any Indebtedness of any of the Company’s Subsidiaries which are SBIC Subsidiaries).

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • First Lien Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Debt means, at any time, the total Indebtedness of the Borrower and the Subsidiaries at such time (excluding Indebtedness of the type described in clause (i) of the definition of such term, except to the extent of any unreimbursed drawings thereunder).

  • Consolidated First Lien Leverage Ratio as of any date of determination, the ratio of (x) Consolidated First Lien Indebtedness as at such date (after giving effect to any Incurrence or Discharge of Indebtedness on such date) to (y) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated financial statements of the Borrower are available, provided that: