Senior Secured Incurrence Test definition
Senior Secured Incurrence Test means, as of any date, the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio shall be no greater than 4.25 to 1.00.
Senior Secured Incurrence Test means, with respect to the most recent Test Period, the Senior Secured Leverage Ratio (calculated on a Pro Forma Basis) shall be no greater than 6.25 to 1.00.
Senior Secured Incurrence Test means, as of any date, with respect to the last day of the most recently ended Test Period, the Consolidated EBITDA to Consolidated Interest Expense Ratio shall be no less than 2.00 to 1.00.
More Definitions of Senior Secured Incurrence Test
Senior Secured Incurrence Test means, with respect to the most recent Test Period in any fiscal year of the Borrower set forth below, the Senior Secured Leverage Ratio (calculated on a Pro Forma Basis) shall be no greater than the ratio set forth below opposite such date:
Senior Secured Incurrence Test means, with respect to any incurrence of Senior Secured Consolidated Indebtedness, any payment or any other event as the context may require, the requirement that the Senior Secured Leverage Ratio, after giving effect to such Senior Secured Consolidated Indebtedness, payment or event on a Pro Forma Basis shall be less than 4.00 to 1.0.
Senior Secured Incurrence Test means, at any date of determination, the amount of Indebtedness that may be incurred such that, on a pro forma basis after giving effect to the incurrence of such Indebtedness and the use of proceeds therefrom, the Senior Secured Leverage Ratio does not exceed 4.00 to 1.00 for the most recently completed four fiscal quarter period for which financial statements have been delivered pursuant to Section 5.1(a) or (b) (assuming for the purposes of calculation hereof that the entire amount of any New Revolving Commitments that are then being incurred has been borrowed).