Average Leverage Ratio definition

Average Leverage Ratio means, as of the last day of any Computation Period, the ratio of (a) Average Funded Debt as of such day to (b) EBITDA for such Computation Period.
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Average Leverage Ratio means, as of the last day of each fiscal quarter, the ratio of (a) average outstanding Consolidated Funded Debt on the last day of each month in the four fiscal quarters ending on such date to (b) Consolidated EBITDA for the four fiscal quarters ending on such date; PROVIDED, HOWEVER, that Consolidated Funded Debt, as a component of the Average Leverage Ratio (i) for the fiscal quarter ending December 31, 1999, shall be computed for the fiscal quarterly period then ended, (ii) for the fiscal quarter ending March 31, 2000, shall be computed for the two fiscal quarterly periods then ended and (iii) for the fiscal quarter ending June 30, 2000, shall be computed for the three fiscal quarterly periods then ended.
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Average Leverage Ratio for any Fiscal Quarter of Jan Xxxx xxx its Consolidated Subsidiaries, the quotient of (a) the average of the Consolidated Funded Debt outstanding on each day during such Fiscal Quarter, divided by (b) Consolidated EBITDA for the four (4) Fiscal Quarters ending with the end of such Fiscal Quarter.
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Examples of Average Leverage Ratio in a sentence

  • NCFC will not permit (i) the Quarterly Average Leverage Ratio for any period of measurement to be greater than 10.0 to 1.0, (ii) the Daily Leverage Ratio on any date to be greater than 15.0 to 1.0, or (iii) the Adjusted Leverage Ratio as of the last day of each fiscal quarter to be greater than 12.0 to 1.0.

  • Guarantor will not permit (i) the Quarterly Average Leverage Ratio for any period of measurement to be greater than 10.0 to 1.0, (ii) the Daily Leverage Ratio on any date to be greater than 15.0 to 1.0, or (iii) the Adjusted Leverage Ratio as of the last day of each fiscal quarter to be greater than 12.0 to 1.0. NCMC will not permit the Leverage Ratio of NCMC to be greater than 8.0 to 1.0 as of the last day of each fiscal quarter of NCMC.

  • As at end-Q1 2018, the actual Average Leverage Ratio stood at 0.4, well within these new covenants.

  • This months Investment Committee meeting reviewed the CEM study and will be bringing forward its comments to the September meeting.

  • As at end-Q2 2018, the actual Average Leverage Ratio amounted to 0.3, well within these new covenants.

  • The contract awarding department shall not inform the panel members of the identities of firms that are eligible for the bid discount/rating bonus at any stage of the selection process.

  • For purposes of this Section 8.08, the “Pro Forma Average Leverage Ratio” and the “Pro Forma Average Net Leverage Ratio” shall mean the Average Leverage Ratio and the Average Net Leverage Ratio, respectively, as of the last day of the most recently-ended Computation Period for which financial statements are available, in each case adjusted by adding back to Average Funded Debt in the calculation of the applicable ratio all Restricted Payments made since the last day of such Computation Period.

  • NCFC will not permit (i) the Quarterly Average Leverage Ratio for any period of measurement to be greater than 10.0 to 1.0, (ii) the Daily Leverage Ratio on any date to be greater than 15.0 to 1.0, or (iii) the Adjusted Leverage Ratio as of the last day of each fiscal quarter to be greater than 12.0 to 1.0. NCMC will not permit the Leverage Ratio of NCMC to be greater than 8.0 to 1.0 as of the last day of each fiscal quarter of NCMC.

  • NCFC will not permit (i) the Quarterly Average Leverage Ratio for any period of measurement to be greater than 12:1 or (ii) the ratio of Total Indebtedness to Tangible Net Worth as of the last day of each fiscal quarter to be greater than 12:1.

  • The Company shall not permit the Average Leverage Ratio for any Computation Period ending on the last day of any fiscal quarter to exceed 3.50 to 1.0.


More Definitions of Average Leverage Ratio

Average Leverage Ratio means for any four fiscal quarters for the Borrower and its subsidiaries on a consolidated basis, the ratio of (a) Average Senior Funded Debt for such period to (b) EBITDA for such period, where “Average Senior Funded Debt” means the average of the total month-end indebtedness for money borrowed (including amounts outstanding under this Agreement) outstanding on the last day of each month during such period less any subordinated indebtedness permitted by paragraph 7.7(j) hereof, and where “EBITDA” has the meaning set forth in the “Covenants” section of this Agreement.
Sample 1
Average Leverage Ratio means the size of loans portfolios guaranteed by XXXXXXX’s capitalization and divided by XXXXXXX's guarantees granted, across participating financial institutions.
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Related to Average Leverage Ratio

  • Senior Leverage Ratio means the ratio of (a) Consolidated Senior Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Total Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • 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.

  • Total 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 Adjusted EBITDA of the Borrower for such Test Period.

  • First Lien Leverage Ratio means, on any date, the ratio of (a) Consolidated First Lien Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated Leverage Ratio means, as of any fiscal quarter-end for which it is to be determined, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters ending on such date, in each case calculated on a Pro Forma Basis in accordance with Section 1.03(c).

  • Secured Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Net Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date, minus unrestricted cash and Cash Equivalents of the Loan Parties on deposit with financial institutions located in the United States, not to exceed $75,000,000 to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Consolidated Total Net 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.

  • Secured Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.