Total Debt/EBITDA definition

Total Debt/EBITDA for any period, the ratio of the total debt of the Corporation (representing the average senior debt for the year plus the ending balance of other outstanding net debt at the end of year) to the Corporation’s earnings before interest, taxes, depreciation and amortization, each determined in accordance with GAAP.
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Total Debt/EBITDA on any date means the amount of Total Debt divided by the Annualised EBITDA for the last Quarter.
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Examples of Total Debt/EBITDA in a sentence

  • The Obligors will not at any time permit the Total Debt/EBITDA Ratio to exceed 3.5 to 1.0.

  • The Applicable Margin for each Advance shall be determined by reference to the Total Debt/EBITDA Ratio in effect from time to time; provided, however, that, at any date of determination of the Applicable Margin, if the relevant Financial Statements shall not have been delivered to the Agent and the Lender Parties by such date and Crompton Corp.

  • The Company will not at any time permit the Total Debt/EBITDA Ratio to exceed 3.5 to 1.0.

  • Total Debt/EBITDA for the San ▇▇▇▇▇ Sula store shall not be greater than 6.50 for year 2000.

  • Borrower to maintain a maximum ratio of Total Debt/EBITDA of *** to ***.

  • Total Debt/EBITDA for the consolidated San ▇▇▇▇▇ Sula and Tegucigalpa stores shall not be greater than 3.5 for year 2001, 3.0 for year 2002, 2.5 for year 2003, and 2.0 for year 2004.

  • Margin Initially, [*] pa., but varying in accordance with the Total Debt/EBITDA multiple for the previous six months, (December figures) or twelve months (June figures).

  • From and including 1 February 1999 until the Borrower achieves a Total Debt/EBITDA for the most recent financial Quarter of 6.5 or less, the Utilisation Margin will be 2.75% per annum and thereafter it shall be determined in accordance with the following provisions of this clause.

  • Margin: Initially [*] pa but varying in accordance with the Total Debt/EBITDA multiple for the previous six months, (December figures) or twelve months (June figures).

  • The Adjusted Total Debt/EBITDA Ratio for each Test Period ending on or after May 31, 2007 shall not exceed 3.0:1.