Leverage Ratio definition

Leverage Ratio means, on any date, the ratio of Total Debt on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.

Leverage Ratio means, as of any date, the ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

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.

Examples of Leverage Ratio in a sentence

• The Credit Parties will not permit the Leverage Ratio for any Defined Period, as tested quarterly commencing with the quarter ending September 30, 2025, to be greater than 2.00 to 1.00.

• The Department and the Concessionaire acknowledge and agree that, if the Leverage Ratio as of the Financial Close Date is greater than 65%, then the Department and the Concessionaire will share equally in the benefit of such greater Leverage Ratio.

• Each item of Indebtedness that is incurred or issued, each Lien incurred and each other transaction undertaken will be deemed to have been incurred, issued or taken first, to the extent available, pursuant to the relevant Consolidated Secured Leverage Ratio test.

• Section 6.1 Leverage Ratio 76 Section 6.2 Evidence of Compliance 76 ARTICLE 7 - CONDITIONS 76 Section 7.1 Conditions to Closing 76 Section 7.2 Conditions to Each Loan 78 Section 7.3 Searches 79 ARTICLE 8 - [RESERVED] 79 ARTICLE 9 - SECURITY AGREEMENT 79 Section 9.1 Generally 79 Section 9.2 Representations and Warranties and Covenants Relating to Collateral 79 Section 9.3 Intercreditor Agreement.

• Holdings shall not permit the Consolidated Net Leverage Ratio as of the end of any four fiscal quarter period of the Parent for which financial statements have been delivered under Section 6.01 to be greater than 3.00:1.00; provided that such ratio shall be reset to 3:25:1.00 after a Material Acquisition for a period of four full fiscal quarters from the date of such Material Acquisition.

More Definitions of Leverage Ratio

Leverage Ratio means, as of any date of determination, the ratio of (a) Total Indebtedness on such date of determination to (b) EBITDA for the most recently ended period of four fiscal quarters (including any fiscal quarters ending on the date of determination).

Leverage Ratio means the ratio of (a) Consolidated Funded Indebtedness outstanding on the specified date to (b) Consolidated EBITDA for the specified four Fiscal Quarter period.

Leverage Ratio means, as of any Measurement Date, the ratio of Net Borrowed Debt as of such Measurement Date to Consolidated EBITDA for the most recently completed four fiscal quarters of the Borrower, computed on a consolidated basis for the Borrower and its Subsidiaries.

Leverage Ratio has the meaning assigned to such term in Section 6.12(a).

Leverage Ratio means, as of the last day of any Fiscal Quarter, the ratio of

Leverage Ratio means, as of the last day of any fiscal quarter, the ratio as of such day of (a) Total Indebtedness to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such last day.

Leverage Ratio means, as of the last day of any period of four consecutive quarters, the ratio of (a) Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on such date.