Adjusted Leverage definition

Adjusted Leverage means, in respect of any period, the ratio of Total Net Debt on the last day of that period to Adjusted EBITDA in respect of that period.

Adjusted Leverage has the meaning given to that term in Clause 22.1 (Financial definitions).

Adjusted Leverage means, as of the last Test Date, the ratio of Consolidated Net Debt (as of that Test Date) and Dividend Amount to Consolidated EBITDA, calculated based on the Group’s consolidated financial statements (provided to the Facility Administrator under paragraph (a) or (b) of Clause 17.1 (Financial Statements)) as of the Test Date which came not more than 5 (five) months before the date of payment of the distributable profit to the shareholders of Borrower 2.

Examples of Adjusted Leverage in a sentence

• The Adjusted Leverage Ratio (calculated at the end of the most recently completed fiscal quarter on a rolling four-quarter basis) is ·.

• AMC Wings, Inc., to maintain on a consolidated basis a Rent Adjusted Leverage Ratio not exceeding 4.5:1.00.

• Permit, as of the last day of any fiscal quarter starting with the fiscal quarter ending December 31, 2013, for the twelve-month period ending on such day, the Adjusted Leverage Ratio to exceed the Maximum Adjusted Leverage Ratio applicable as of such day in accordance with the definition thereof.

• To maintain on a consolidated basis a Total Lease Adjusted Leverage Ratio of not more than 4.50 to 1.0. “Total Lease Adjusted Leverage Ratio” means the ratio of (a)Total Funded Debt plus eight (8) times Rental Expense, to (b) EBITDA plus Rental Expense.

More Definitions of Adjusted Leverage

Adjusted Leverage means the ratio of total net debt, which equals total borrowings deducting the aggregate amount of cash and cash equivalents, to EBITDA, where EBITDA is adjusted for the EBITDA of any subsidiary acquired or disposed during the year as if that transaction had occurred on the first day of the year.

Adjusted Leverage. Adjusted Leverage in respect of any Relevant Period specified in column 1 below shall not exceed the ratio set out in column 2 below opposite that Relevant Period.

Adjusted Leverage has the meaning given to that term in Clause 22.1 (Financial definitions). Affiliate means, in relation to any person, a Subsidiary of that person or a Holding Company of that person or any other Subsidiary of that Holding Company.

Adjusted Leverage has the meaning set out in Schedule C.

Adjusted Leverage is defined as the total funded debt plus capital leases plus six times four quarter trailing rent/lease expense divided by four quarter trailing EBITDA plus rent/lease expense, and “EBITDA” means net profit before tax plus interest expense (net of capitalized interest expense), depreciation expense and amortization expense.

Adjusted Leverage means (in summary) the ratio of total net debt of the Group on the last day of a Relevant Period to adjusted consolidated EBITDA (as defined below) of the Group in respect of that Relevant Period;

Adjusted Leverage means all Indebtedness (other than subordinated shareholder indebtedness) divided by total assets, valued at their historical cost, without depreciation or amortization.