Combined Leverage Ratio definition

Combined Leverage Ratio means, as at the last day of any period, the ratio of (a) Combined Total Debt on such day to (b) Combined EBITDA for such period.

Combined Leverage Ratio means, as of any date of determination, the ratio of (x) (i) the Consolidated Indebtedness of all Restricted Subsidiaries (excluding Indebtedness of any Excluded Project Subsidiary in the Development Stage) as of such date minus (ii) the amount of Restricted Cash of all Restricted Subsidiaries (excluding Restricted Cash of any Excluded Project Subsidiary in the Development Stage) as of such date to (y) the aggregate amount of Consolidated Adjusted EBITDA of all Restricted Subsidiaries (excluding Consolidated Adjusted EBITDA of any Excluded Projected Subsidiary in the Development Stage) for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements prepared on a consolidated basis in accordance with GAAP are available, provided, however, that:

Combined Leverage Ratio means, as at any date of determination, the ratio of (a) Combined Funded Debt as of such date of determination to (b) Combined EBITDA for the Reference Period most recently ended.

Examples of Combined Leverage Ratio in a sentence

• The Obligors will not permit the Combined Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Obligors to be greater than the Maximum Combined Leverage Ratio; provided, that Oaktree Cayman will not be considered an Obligor for purposes of the calculation of the Combined Leverage Ratio until March 31, 2023.

• The Obligors will not permit the Combined Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Obligors to be greater than 4.00 to 1.00; provided, that Oaktree Cayman will not be considered an Obligor for purposes of the calculation of the Combined Leverage Ratio until March 31, 2023.

• The Obligors will not permit the Combined Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Obligors to be greater than the Maximum Combined Leverage Ratio.

• The Borrowers will not permit the Combined Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Borrowers to be greater than the ratio of 3.50 to 1.00.

• Permit the Combined Leverage Ratio as at the end of any fiscal quarter greater than 2.50:1.00.

More Definitions of Combined Leverage Ratio

Combined Leverage Ratio means, as of the last day of each fiscal ----------------------- quarter of the Xxxxxxxx'x Consolidated Group, the ratio of (i) Combined Adjusted Funded Debt on such day to (ii) Combined Adjusted EBITDAR as of such day.

Combined Leverage Ratio means, as of any date of determination, the ratio of (a) Combined Funded Indebtedness plus six times the aggregate pro forma or actual, as applicable, monthly payments for the most recently completed Measurement Period with respect to (x) the Getty MA/ME/NH Lease, (y) Capitalized Leases arising from Dispositions of real property through one or more sale leaseback transactions permitted under Section 7.02(f) and (z) other Capitalized Leases allowed hereunder, in each case, which payments for avoidance of doubt shall include the portion of the rent expense under such Capitalized Leases that is treated as interest in accordance with GAAP and is included within the definition of Combined Interest Charges as of such date to (b) Combined EBITDAR.

Combined Leverage Ratio means the ratio of (a) the sum of ----------------------- Unconsolidated Total Liabilities of MFC plus Unconsolidated Total ---- Liabilities of MBC to (b) Combined MFC/MBC Tangible Net Worth.

Combined Leverage Ratio means, with respect to the Restricted Group as of any date of determination, the ratio of:

Combined Leverage Ratio means, at any time, the ratio of Combined Indebtedness at such time to Combined EBITDA for the then most recently ended Test Period, provided, however, (i) for the period from the Restatement Effective Date through and including September 30, 1997, there shall be excluded from the calculation of the Combined Leverage Ratio that aggregate principal amount of outstanding 13% Senior Subordinated Notes to the extent that (and for so long as) the Borrower has cash and/or Cash Equivalents on hand in an amount equal to the aggregate principal amount of 13% Senior Subordinated Notes so excluded from this calculation and (ii) after September 30, 1997, there shall be excluded from the calculation of the Combined Leverage Ratio that aggregate principal amount of outstanding 13% Senior Subordinated Notes to the extent that (and for so long as) cash and/or Cash Equivalents are on deposit with the Collateral Agent pursuant to the Bank Escrow Agreement in an amount equal to the aggregate principal amount of 13% Senior Subordinated Notes so excluded from this calculation.

Combined Leverage Ratio means, as of any date of determination, the sum of (1) the ratio of (i) the aggregate outstanding Indebtedness of the Company and its Restricted Subsidiaries as of such date to

Combined Leverage Ratio means, at any time, the ratio of Combined Indebtedness at such time to Combined EBITDA for the then most recently ended Test Period; provided that to the extent any Permitted Acquisition, any Scheduled Asset Disposition, any discontinuance of operations or any Asset Sale (or any similar material transaction which requires a waiver or a consent of the Required Lenders pursuant to Section 9.02) has occurred after the Initial Borrowing Date and during the relevant Test Period, Combined EBITDA shall be determined for the respective Test Period on a Pro Forma Basis for such occurrences.