Net Leverage Ratio definition

Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.
Sample 1Sample 2Sample 3
Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower for such Test Period.
Sample 1Sample 2Sample 3
Net Leverage Ratio means, with respect to any Loan Asset for any Relevant Test Period, the meaning of “Net Leverage Ratio” or any comparable definition in the Loan Agreement for each such Loan Asset, and in any case that “Net Leverage Ratio” or such comparable definition is not defined in such Loan Agreement, the ratio of (a) Indebtedness minus Unrestricted Cash to (b) EBITDA.
Sample 1Sample 2Sample 3

Examples of Net Leverage Ratio in a sentence

  • Commencing with the first full fiscal quarter ending after the Closing Date, permit the Senior Secured Net Leverage Ratio on the last day of any Test Period to exceed 3.00:1.00.

  • As of any fiscal quarter end, permit the Consolidated Total Net Leverage Ratio to be greater than 4.25:1.00.

  • For the avoidance of doubt, the application of proceeds of any Specified Equity Contribution to prepay the Term Loans shall be taken into account for purposes of determining the Total Net Leverage Ratio for any period commencing after the end of the applicable period for which the Specified Equity Contribution is applied.

  • The First Lien Net Leverage Ratio, computed on a Pro Forma Basis after giving effect to such Borrowing and the application of the proceeds thereof, shall not exceed 5.50:1.00.

  • For purposes of Section 8.10 and the calculation of compliance with the First Lien Net Leverage Ratio for purposes of taking any action thereunder, on any relevant date of determination, amounts denominated in currencies other than Dollars shall be translated into Dollars at the applicable currency exchange rate used in preparing the financial statements delivered pursuant to Sections 7.01(a) or (b), as applicable, for the relevant Test Period.


More Definitions of Net Leverage Ratio

Net Leverage Ratio has the meaning assigned to such term in Section 6.18(a).
Sample 1Sample 2Sample 3
Net Leverage Ratio means at any date, the ratio of (a) Consolidated Total Net Indebtedness on such date to (b) EBITDA for the four fiscal quarters ended immediately prior to such date for which internal financial statements are available.
Sample 1Sample 2Sample 3
Net Leverage Ratio means the ratio of net financial liabilities (sum of interest-bearing loans and borrowings, current and non-current, less cash and cash equivalents) to Adjusted EBITDA (LTM).
Sample 1Sample 2Sample 3
Net Leverage Ratio means, for any particular period, the ratio of (i) Net Debt at the last day of such Fiscal Quarter to (ii) Rolling EBITDA for such period.
Sample 1Sample 2Sample 3
Net Leverage Ratio means the ratio of Net Interest Bearing Debt to EBITDA.
Sample 1Sample 2Sample 3
Net Leverage Ratio means, with respect to the Borrower on a consolidated basis with its Subsidiaries, at the end of any Fiscal Quarter, the ratio of (a) Net Debt at the end of such Fiscal Quarter to (b) Adjusted EBITDA for the four Fiscal Quarters then ending.
Sample 1Sample 2Sample 3
Net Leverage Ratio means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, the ratio of
Sample 1Sample 2Sample 3