Closing Date First Lien Net Leverage Ratio definition

Closing Date First Lien Net Leverage Ratio means 3.00 to 1.00.
Sample 1Sample 2Sample 3
Closing Date First Lien Net Leverage Ratio means 1.80 to 1.00.
Sample 1Sample 2Sample 3
Closing Date First Lien Net Leverage Ratio means 4.20 to 1.00.
Sample 1Sample 2Sample 3

More Definitions of Closing Date First Lien Net Leverage Ratio

Closing Date First Lien Net Leverage Ratio means 4.65 to 1.00.
Sample 1
Closing Date First Lien Net Leverage Ratio means the Consolidated First Lien Net Leverage Ratio on the Closing Date (after giving pro forma effect to the Transactions).
Sample 1
Closing Date First Lien Net Leverage Ratio means the First Lien Net Leverage Ratio on the Closing Date (as defined below) (after giving pro forma effect to the Transactions and based on the Consolidated EBITDA (as defined in a manner to be agreed) of the Borrower and its restricted subsidiaries for the previously ended four-fiscal quarter period for which financial statements have been delivered). “Closing Date Secured Net Leverage Ratio” means the Secured Net Leverage Ratio on the Closing Date (after giving pro forma effect to the Transactions and based on the Consolidated EBITDA of the Borrower and its restricted subsidiaries for the previously ended four-fiscal quarter period for which financial statements have been delivered). “Closing Date Total Net Leverage Ratio” means the Total Net Leverage Ratio on the Closing Date (after giving pro forma effect to the Transactions and based on the Consolidated EBITDA of the Borrower and its restricted subsidiaries for the previously ended four-fiscal quarter period for which financial statements have been delivered). “First Lien Net Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Total Debt (which shall be defined as (a) the outstanding principal amount of indebtedness for borrowed money or evidenced by bonds, notes, debentures, credit agreements or similar instruments (including any obligations in respect of drawn letters of credit that have not been reimbursed), purchase money indebtedness and capital lease obligations and (b) all guarantees with respect to outstanding indebtedness of the types specified in clause (a) of persons other than the Borrower or any restricted Subsidiary, and in any event shall exclude swap obligations, undrawn letters of credit, and earnouts and purchase price adjustment liabilities) secured by first priority liens as of such date to (b) Consolidated EBITDA of the Borrower and its restricted subsidiaries for the previously ended four-fiscal quarter period for which financial statements have been delivered. For purposes of calculating the First Lien Net Leverage Ratio, the Borrower may net unrestricted cash and cash equivalents of the Borrower and its restricted subsidiaries against Consolidated Total Debt. In the event that any additional OID or upfront fees are implemented pursuant to the Flex Provisions, any First Lien Net Leverage Ratio tests set forth herein shall be adjusted to account for the additional interest expense or additional indebtedness and to maintain the agreed cushion t...
Sample 1
Closing Date First Lien Net Leverage Ratio means, as shall be adjusted for any Flex Increase, 4.00:1.00. “Closing Date Secured Net Leverage Ratio” means, as shall be adjusted for any Flex Increase, 4.00:1.00. 1 All capitalized terms used but not defined in this exhibit have the meanings given to them in the Commitment Letter to which this exhibit is attached, including the other exhibits thereto. In the event any such capitalized term is subject to multiple and differing definitions, the appropriate meaning thereof in this exhibit is determined by reference to the context in which it is used.
Sample 1
Closing Date First Lien Net Leverage Ratio means 4.50 to 1.00. “Closing Date Refinancing” means the repayment of the Existing Debt, the termination of any related commitments thereunder and the termination, release or authorization to terminate or release all contractual Liens related thereto, in each case on or about the Closing Date. “Closing Date Secured Net Leverage Ratio” means 4.50 to 1.00.
Sample 1

Related to Closing Date First Lien Net Leverage Ratio

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Indebtedness as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

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

  • Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.

  • 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 Senior Secured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Senior Secured Indebtedness on such date to (b) the sum, without duplication, of (i) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date plus (ii) the amount of Specified Non-Recurring Charges taken during the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Indebtedness net of Unrestricted Cash as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • 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.

  • 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.

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