Company Leverage Ratio definition

Company Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Company Debt to (b) Consolidated EBITDA of the Company and its Subsidiaries for the last four fiscal quarters of the Company ending on, or most recently before, such date, provided that such ratio shall be calculated after giving pro forma effect to any acquisitions, dispositions, mergers or combinations by the Company and its Subsidiaries.
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Company Leverage Ratio means with respect to the Company and its Subsidiaries on a Consolidated basis as of any date of determination, the ratio of (a) Total Consolidated Debt thereof as of such date to (b) EBITDA of the Borrowers for the six-month period ending on the last day of the most recently ended fiscal quarter on or prior to such date MULTIPLIED BY two (2).
Sample 1
Company Leverage Ratio means, as of the last day of each Fiscal Quarter, the RATIO OF (a) Company Total Debt as of that date TO (b) Company Annualized Cash Flow as of that date.
Sample 1

Examples of Company Leverage Ratio in a sentence

  • The Borrower will not permit the Operating Company Leverage Ratio as of the end of any Fiscal Quarter ending after the Closing Date to be greater than 1.25:1.

  • Commencing with the Quarterly Measurement Date occurring on March 31, 2005, the Borrower will not permit the Senior Secured Operating Company Leverage Ratio, as of the Quarterly Measurement Date for the Measurement Period ending on that date, to be more than 2.25 to 1.00.

  • Prior to paying any cash dividends which are subject to the preceding clause (iii), the Company shall deliver to the Agent and the Lenders a certificate of a Responsible Officer of the Company certifying the Company's compliance with the preceding maximum Company Leverage Ratio.

  • Commencing with the Quarterly Measurement Date occurring on March 31, 2006, the Borrower will not permit the Senior Secured Operating Company Leverage Ratio, as of the Quarterly Measurement Date for the Measurement Period ending on that date, to be more than 2.25 to 1.00.

  • Shall cause (a) all Principal Insurance Subsidiaries on a combined basis to maintain at all times an aggregate Insurance Company Leverage Ratio of greater than 8.33%, and (b) each Principal Insurance Subsidiary on an individual basis to maintain at all times an Insurance Coverage Leverage Ratio of greater than 7.50%.

  • Commencing with the Quarterly Measurement Date occurring on March 31, 2007, the Borrower will not permit the Senior Secured Operating Company Leverage Ratio, as of the Quarterly Measurement Date for the Measurement Period ending on that date, to be more than 2.50 to 1.00.

  • The Company shall not permit the Company Leverage Ratio as at the end of any fiscal quarter to be greater than (i) 2.50 to 1.00 for any fiscal quarter ending in 1998 or 1999 and (ii) 2.00 to 1.00 for any fiscal quarter ending in 2000 and thereafter.


More Definitions of Company Leverage Ratio

Company Leverage Ratio means, as of any date of determination, the ratio of (a) the aggregate amount of Company Total Debt at such date (other than intercompany Indebtedness that would be eliminated in consolidation) to (b) the Adjusted Company Operating Cash Flow (as calculated pursuant to the proviso below), plus transition costs of the type and maximum aggregate amount set out on Schedule 1.1(f) incurred in connection with integration of the Acquired Business for the four Fiscal Quarter period of Company ending on such date, taken as a single accounting period (or if such date of determination is not the last day of a Fiscal Quarter, for the four Fiscal Quarter period ending as of the last day of the most recently concluded Fiscal Quarter); provided that Adjusted Company Operating Cash Flow for such four Fiscal Quarter period shall be calculated by adding (i) Adjusted Company Operating Cash Flow for the Fiscal Quarter ending on such date to the sum of (ii) Adjusted Company Operating Cash Flow for each of the three Fiscal Quarters immediately prior to the Fiscal Quarter measured in (i) above, as set forth in the Compliance Certificate for each such Fiscal Quarter; provided further that with respect to any calculation period ending prior to the first anniversary of the Closing Date, the foregoing shall be subject to adjustment as set forth in Schedule 1.1(a).
Sample 1
Company Leverage Ratio means the "Total Leverage Ratio" (or term denoting a similar concept) of the Subsidiaries within the meaning of the documentation governing the Senior Secured Credit Facilities (as defined in the Commitment Letter, dated January 15, 2004, among Hat Corp., CCI, Citicorp North America, Inc. and Citigroup Global Markets Inc. (the "Commitment Letter") or, if containing less restrictive terms, the "Total Leverage Ratio" (or term denoting a similar concept) of the Subsidiaries within the meaning of the documentation governing the Senior Unsecured Credit Facilities (as defined in the Commitment Letter); provided that in calculating such ratio, there shall be added to Consolidated EBITDA (or any term denoting a similar concept) of the Subsidiaries, to the extent deducted in calculating the net income of the Subsidiaries, any charges associated with the TXU Acquisition and any related one-time integration charges.
Sample 1
Company Leverage Ratio means at any date the number resulting from dividing (i) the sum of all Junior Indebtedness of the Company and its Subsidiaries as of such date of calculation (determined on a consolidated basis in accordance with GAAP) and all capital accounts (as adjusted for distributions) of the members of the Company by (ii) the aggregate principal amount of all outstanding PIK Notes together with all accrued and unpaid interest thereon (other than PIK Interest) as of such date of calculation.
Sample 1
Company Leverage Ratio means, as of the last day of each Fiscal ---------------------- Quarter, the ratio of (a) Company Total Debt as of that date to (b) Company ----- -- -- Annualized Cash Flow as of that date.
Sample 1
Company Leverage Ratio means, as of any date of determination, the ratio of (a) Funded Debt on such date to (b) EBITDA for the period of 12 months (or four fiscal quarters, as the case may be) ended on such date, of the Company and its Subsidiaries on a consolidated basis, as determined in accordance with GAAP.
Sample 1

Related to Company Leverage Ratio

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Leverage Ratio means, as of any date, the ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

  • Total 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.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Senior Leverage Ratio means, as of any date of determination, on a Pro Forma Basis, the ratio of (i) Senior Indebtedness of the Borrower and its Subsidiaries as of such date to (ii) Annualized EBITDA for the Borrower and its Subsidiaries for the most recently ended Test Period.

  • 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 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 Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness as of such date and (b) without duplication, the Reserved Indebtedness Amount as of such date to (y) LTM EBITDA.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • Consolidated Senior Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Senior Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Unencumbered Leverage Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (a) Unsecured Indebtedness, divided by (b) Unencumbered Asset Value.

  • 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.

  • Coverage Ratio As to any one or more of the Combined Leased Properties, the ratio of the EBITDARM generated by such Combined Leased Property(ies) to Base Rent allocable thereto under the applicable Combined Leases, in each case for the four (4) full calendar quarters ending not less than sixty (60) days prior to the occurrence of a Section 16.10.3.1

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

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Consolidated First Lien Leverage Ratio means, as of the date of determination, the ratio of (a) Consolidated Indebtedness as of such date that is secured by first-priority Liens on the Collateral to (b) EBITDA for the most recently ended Test Period, in each case of the Borrower and its Restricted Subsidiaries on a consolidated basis.

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

  • Consolidated Net Secured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness that is secured by a Lien as of such date minus all unrestricted cash and Cash Equivalents of the Consolidated Parties as of such date to (b) Consolidated EBITDA for the period of the most recently ended four full consecutive fiscal quarters then last ended (in each case taken as one accounting period) for which financial statements have been or are required to be delivered pursuant to Section 7.01(a) or (b).