Consolidated Adjusted Leverage Ratio definition

Consolidated Adjusted Leverage Ratio means, for any period, the ratio of (a) Consolidated Adjusted Debt as of the last day of such period to, (b) Consolidated EBITDAR of Borrower and its Restricted Subsidiaries for such period.

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

Consolidated Adjusted Leverage Ratio means, as of any date of determination, the ratio of (a) the remainder of Consolidated Funded Indebtedness as of such date, minus all unencumbered cash and cash equivalents of the Borrower and its Subsidiaries and Consolidated Entities as of such date with adjustments for international tax effects at an assumed withholding rate of 35%, as applicable, to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

Examples of Consolidated Adjusted Leverage Ratio in a sentence

• Permit the Consolidated Adjusted Leverage Ratio at any time to be greater than 3.50 to 1.00.

• PermitExcept with the written consent of the Requisite Revolving Lenders, permit the Consolidated Adjusted Leverage Ratio as at the last day of any period of four consecutive Fiscal Quarters to exceed a ratio of 6.00:1.00.

• Permit the Consolidated Adjusted Leverage Ratio, (i) at any time prior to the Second Amendment Date, to be greater than 3.00:1.00, (ii) at any time from and after the Second Amendment Date and prior to August 1, 2009, to be greater than 4.00:1.00, and (iii) thereafter, to be greater than 3.50:1.00.

• Notwithstanding the foregoing, the parties hereto acknowledge and agree that all calculations of the financial covenants in Section 8.11 and the all calculations of the Consolidated Adjusted Leverage Ratio shall be made on a Pro Forma Basis.

• Permit the Consolidated Adjusted Leverage Ratio as at the last day of any period of four consecutive Fiscal Quarters to exceed a ratio of 6.00:1.00.

More Definitions of Consolidated Adjusted Leverage Ratio

Consolidated Adjusted Leverage Ratio means, at any date, for Guarantor and its Consolidated Subsidiaries determined on a consolidated basis, the ratio of:

Consolidated Adjusted Leverage Ratio means, as of the last day of any Computation Period, the ratio of (a) the sum of (i) Consolidated Total Funded Indebtedness on such date, plus (ii) the product of (x) the aggregate amount of Consolidated Rentals for the Computation Period ending on such date, multiplied by (y) eight (8), to (b) Consolidated EBITDAR for the Computation Period ended on such date, all calculated for the Loan Parties and their Subsidiaries on a consolidated basis in accordance with GAAP.

Consolidated Adjusted Leverage Ratio means the ratio of Holdings' Consolidated Indebtedness to Holdings' Consolidated EBITDA, measured on a trailing 12 months basis, including any Permitted Acquisition Cost-Savings.

Consolidated Adjusted Leverage Ratio for any period, the ratio of (a) Consolidated Adjusted Debt for such period to (b) Consolidated EBITDAR for such period.

Consolidated Adjusted Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower, the ratio of (a) Consolidated Adjusted Debt on such day to (b) Consolidated EBITDAR of the Borrower and its Subsidiaries for such period provided;

Consolidated Adjusted Leverage Ratio as of the last day of any period, the ratio of (a) the sum of (i) Consolidated Total Debt as of the last day of then most recently completed fiscal quarter plus (ii) Consolidated Rental Expense for the period of four consecutive fiscal quarters ended on such day, multiplied by 8, to (b) Consolidated EBITDAR for the period of four consecutive fiscal quarters ended on such day.

Consolidated Adjusted Leverage Ratio means, as at the last day of any period, the ratio of (a) Consolidated Adjusted Debt on such day to (b) Consolidated EBITDAR for such period; provided, however, that for purposes of any calculation of the Consolidated Adjusted Leverage Ratio, Consolidated Adjusted Debt shall be reduced by the aggregate amount of unrestricted cash and Cash Equivalents (not subject to any Liens other than Liens in favor of the Collateral Agent) of the Borrower and the Restricted Subsidiaries in excess of $3,000,000.