Consolidated Total Debt. The Company will not permit the ratio (the “Leverage Ratio”) of Consolidated Total Debt (as of any date) to Consolidated EBITDA (for the Company’s then most recently completed four fiscal quarters (a “Test Period”)) to be greater than 4.00 to 1.00 at any time; provided that, if the Company or any of its Subsidiaries consummates a Material Acquisition, for each day during each Test Period ending on or prior to the last day of the first four full fiscal quarters following the date of such Material Acquisition (a “Leverage Spike Period”), such maximum ratio shall, by written notice delivered by the Company to the holders of the Notes not later than five Business Days after the consummation of such Material Acquisition, be deemed to be increased to 4.50 to 1.00; provided, further, that (i) no more than three such deemed increases shall be permitted during the term of this Agreement and (ii) there must be at least two full fiscal quarters between the end of a Leverage Spike Period and the start of another Leverage Spike Period.
Consolidated Total Debt. With respect to BGI and its Subsidiaries, the sum, without duplication, of (a) the aggregate amount of Indebtedness of BGI and its Subsidiaries, on a consolidated basis, outstanding on such date for borrowed money or the deferred purchase price of property including, without limitation, in respect of any Synthetic Leases or any Capitalized Leases, plus (b) Indebtedness of the type referred to in clause (a) of another Person (not including BGI or its Subsidiaries) guaranteed by BGI or its Subsidiaries.
Consolidated Total Debt. $ -------------
Consolidated Total Debt. The Company will not permit the ratio of Consolidated Total Debt (as of any date) to Consolidated EBITDA (for the Company’s then most recently completed four fiscal quarters) to be greater than 3.50 to 1.00 at any time.
Consolidated Total Debt. A. Indebtedness of the Ultimate Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP as set forth below:
(i) All indebtedness for borrowed money $
(ii) All obligations issued, undertaken or assumed as the deferred purchase price of property or services (other than (a) trade payables entered into in the ordinary course of business pursuant to ordinary terms and (b) ordinary course purchase price adjustments) $
(iii) All reimbursement or payment obligations with respect to letters of credit or non-contingent reimbursement or payment obligations with respect to bankers acceptances, surety bonds and similar documents $
(iv) All obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses $
(v) All indebtedness created or arising under any conditional sale or other title retention agreement or sales of accounts receivable, in any such case with respect to property acquired by such Person and/or any of its Subsidiaries (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property) $
(vi) All Capital Lease Obligations $
(vii) All net obligations with respect to Interest Rate Protection Agreements $
(viii) Disqualified Stock $
(ix) All indebtedness referred to in items (i) through (viii) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien upon or in property (including accounts and contracts rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness (in which event the amount thereof shall not be deemed to exceed the fair value of such property) $
(x) All Guaranty Obligations in respect of obligations of the kinds referred to in items (i) through (ix) above $ Consolidated Total Debt (Add Items (i) through (x)): $
Consolidated Total Debt. 1. indebtedness for borrowed money, plus $ 2. indebtedness evidenced by notes, debentures or similar instruments, plus $
Consolidated Total Debt for any period of determination, the sum of all Indebtedness of the Borrower and its Subsidiaries for such period determined on a consolidated basis in accordance with GAAP.
Consolidated Total Debt. Consolidated Total Debt denominated in any currency other than Dollars shall be calculated using the Dollar Equivalent thereof as of the date of the financial statements on which such Consolidated Total Debt is reflected.
Consolidated Total Debt. See item (1)(c) of Schedule 3 attached hereto: $ Consolidated EBITDA: See item (2)(a) of Schedule 3 attached hereto: $ Total Leverage Ratio: (Consolidated Total Debt divided by Consolidated EBITDA for the test period (See Total Leverage Ratio on Schedule 3 attached hereto)): :1:00 Test Period covered by the calculations below: [ , 20 ] to [ , 20 ]. Fixed Charge Coverage Ratio for the Test Period is : : 1:00.
Consolidated Total Debt. As of the last day of any quarterly or annual fiscal period, the Company will not permit Consolidated Total Debt to exceed 60% of Total Consolidated Capitalization.
