Borrower Leverage Ratio definition

Borrower Leverage Ratio means, as of any date of determination, the ratio of (a) Total Debt as of such date (net of up to $50,000,000 of cash that constitutes Borrower Cash Flow from a Measurement Period other than the most recently completed Measurement Period) to (b) Borrower Cash Flow for the most recently completed Measurement Period.

Borrower Leverage Ratio means the ratio of (a) Borrower Funded Debt, as of the end of any fiscal quarter, to (b) Borrower EBITDA for the four fiscal quarter period ended as of the end of such fiscal quarter.

Borrower Leverage Ratio means the ratio of Funded Debt to Capitalization, determined with respect to the Borrower alone (excluding its Subsidiaries, but including any divisions of the Borrower not constituting separate Persons) as at the end of each fiscal quarter of the Borrower.

Examples of Borrower Leverage Ratio in a sentence

• The Parent Borrower will not permit the Parent Borrower Leverage Ratio on the last day of any fiscal quarter or fiscal year of the Parent Borrower to be greater than 0.35:1.00.

• The Borrower shall not permit the Borrower Leverage Ratio to be greater than 3.50 to 1.00 at the end of the fiscal quarter ended on June 30, 2008, or at the end of any fiscal quarter ended thereafter.

• The Borrower will not at any time permit the Borrower Leverage Ratio, determined as of any Covenant Compliance Date, to be greater than 0.65 to 1.

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• Permit the Borrower Leverage Ratio, as of the last day of any Fiscal Quarter, to be greater than (a) 4.50:1.00 during the period between June 30, 2006, through and including December 31, 2008, (b) 4.25:1.00 during the period between the March 31, 2009, through and including December 31, 2009, and (c) 4.00:1.00 as of last day of any subsequent Fiscal Quarter.

More Definitions of Borrower Leverage Ratio

Borrower Leverage Ratio means with respect to the Borrowers and their ----------------------- Subsidiaries on a Consolidated basis as of the last day of any fiscal quarter, the ratio of (a) Total Debt thereof as of such date to (b) EBITDA thereof for the six-month period ending on such date times two (2). -----

Borrower Leverage Ratio. As of any fiscal quarter end during the applicable period set forth below, permit the Borrower Leverage Ratio to exceed the corresponding ratio set forth below: ------------------------------------------------------------- Period Ratio ------------------------------------------------------------- Stage 2 Effective Date through 06/29/2004 6.00 to 1.00 06/30/2004 through 06/29/2005 5.00 to 1.00 06/30/2005 through 06/29/2006 4.00 to 1.00 06/30/2006 and 3.00 to 1.00 thereafter -------------------------------------------------------------

Borrower Leverage Ratio means, as of each date of determination, the ratio of:

Borrower Leverage Ratio means, at any Measurement Date, the ratio of (x) Consolidated Debt of the Borrower on such date to (y) Adjusted EBITDA of the Borrower for the 12 month period (taken as one accounting period) ending on such date.

Borrower Leverage Ratio means, as of any date, the ratio of (a) Borrower Total Debt outstanding on such date (after giving effect to Advances and repayments of Indebtedness made on such date) to (b) EBITDA for the most recently completed four-fiscal quarter period, since the last day of the most recently completed calendar quarter.

Borrower Leverage Ratio means, on any calculation date, the ratio of (a) Borrower Debt, to (b)

Borrower Leverage Ratio as at the last day of any period of four consecutive fiscal quarters, the ratio of (a) Borrower Total Debt on such day to (b) Borrower Free Cash Flow for such period.