Total Leverage Ratio definition

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

Total Leverage Ratio means, as of any date of determination, the ratio of (a) Total Consolidated Indebtedness on such date to (b) Total Consolidated EBITDA for the most recently ended four full consecutive fiscal quarters ended on or immediately prior to such date.

Total Leverage Ratio means, as of the date of determination, the ratio of (a) Total Debt to (b) Consolidated EBITDA for the Four Quarter Period ending on or prior to the Transaction Date, in each case with such pro forma adjustments to Total Debt and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Consolidated Fixed Charge Coverage Ratio.

Examples of Total Leverage Ratio in a sentence

• Not permit the Total Leverage Ratio as of September 30, 2004 to exceed 3.00 to 1.00 and for any Fiscal Quarter period thereafter, to exceed 2.50 to 1.00.

• The applicable Level shall be adjusted, to the extent applicable, on the first day of the third month of each calendar quarter based on the Total Leverage Ratio as of the last day of the most recently concluded Fiscal Quarter; provided that if the Borrowers fail to deliver the financial statements required by Section 10.1.1 or 10.1.2, within five (5) days from when due as applicable, and the related certificate required by Section 10.1.3, Level I shall apply until such financial statements are delivered.

• Level III applies when the Total Leverage Ratio is greater than 1.0 to 1 but equal to or less than 1.50 to 1.0. Level IV applies when the total Leverage Ratio is equal to or less than 1.0 to 1.For the purposes of this Schedule 4.1, the Total leverage Ratio shall be calculated without regard to Speech Design International, Inc.

• Level II applies when the Total Leverage Ratio is greater than 1.50 to 1 but equal to or less than 2.0 to 1.

More Definitions of Total Leverage Ratio

Total Leverage Ratio means the ratio as of the last day of any Fiscal Quarter of (i) Consolidated Total Debt as of such day to (ii) Consolidated Adjusted EBITDA for the four-Fiscal Quarter period ending on such date.

Total Leverage Ratio means, at any date of determination, the ratio of Consolidated Indebtedness on such date to Consolidated EBITDA for the Test Period then most recently ended.

Total Leverage Ratio means, as of any date (including any Date of Determination) for the Applicable Period related thereto, the ratio of (a) Total Debt as of such date to (b) Consolidated EBITDA for such Applicable Period.

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

Total Leverage Ratio has the meaning assigned to such term in Section 6.11(a).

Total Leverage Ratio means the ratio of (a) Total Debt as of such date to (b) EBITDA for the four (4) consecutive fiscal quarters most recently ended.

Total Leverage Ratio means the ratio of Total Funded Debt of Borrower and its Subsidiaries as of the end of the most recent fiscal quarter to the EBITDA of Borrower and its Subsidiaries for the most recently ended four fiscal quarters, it being understood that to the extent any acquisition shall have occurred during such period, the Total Leverage Ratio shall be calculated as if such acquisition occurred at the beginning of such period.