Consolidated Debt Coverage Ratio definition

Consolidated Debt Coverage Ratio means, for any day, the ratio of (a) all Indebtedness of the MLP and its Restricted Subsidiaries (excluding the principal amount of Hybrid Equity Securities in an aggregate amount not to exceed 15% of Total Capitalization), on a consolidated basis, as of the last day of the then most recent Rolling Period over (b) Consolidated EBITDA for such Rolling Period.
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Consolidated Debt Coverage Ratio means, for any day, the ratio of (a) Consolidated Debt as of the last day of the then most recent Rolling Period over (b) Consolidated EBITDA for such Rolling Period.
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Consolidated Debt Coverage Ratio is hereby amended in its entirety to read as follows:
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Examples of Consolidated Debt Coverage Ratio in a sentence

  • The term "Consolidated Debt Coverage Ratio" means for the Guarantor, at any date, the ratio, for the Guarantor and its Consolidated Subsidiaries, of (a) the sum of (i) Unrestricted Cash on such date plus (ii) Marketable Investments on such date to (b) Consolidated Funded Debt on such date.

  • Commencing with the Fiscal Year ending December 31, 1996 and continuing through the Tranche B Maturity Date, Borrower shall not permit the Consolidated Debt Coverage Ratio for any Fiscal Year to be less than 1.15 to 1.00.

  • Commencing with the Fiscal Year ending December 31, 1998 and continuing for each Fiscal Quarter through the Bridge Loan Maturity Date, Borrower shall not permit the Consolidated Debt Coverage Ratio for such period to be less than 1.25 to 1.00.

  • Borrower's Consolidated Debt Coverage Ratio, defined as the ratio of (i) consolidated earnings before interest, taxes, depreciation and amortization expense to (ii) the sum of consolidated current maturities of long term debt plus consolidated interest expense, shall not fall below 1.30 to 1.00 throughout the term of the Loan.

  • Borrower shall not permit its Consolidated Debt Coverage Ratio to be less than .69 to 1.00 for the Fiscal Year ending December 31, 2002, and 1.10 to 1.00 for the Fiscal Year ending December 31, 2003.


More Definitions of Consolidated Debt Coverage Ratio

Consolidated Debt Coverage Ratio means, as at any date of determination, the ratio of Consolidated Cash Flow for any period to Consolidated Debt Service for such period.
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Consolidated Debt Coverage Ratio means, for any day, the ratio of (a) all Indebtedness of the MLP and its Subsidiaries (excluding the aggregate Hybrid Equity Credit for all Hybrid Equity Securities), on a consolidated basis, as of the last day of the then most recent Rolling Period over (b) Consolidated EBITDA for such Rolling Period.
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Consolidated Debt Coverage Ratio means, at any date, the ratio, for the Company and its Consolidated Subsidiaries, of (a) the sum of (i) Unrestricted Cash on such date plus (ii) Marketable Investments on such date to (b) Consolidated Funded Debt on such date.
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Consolidated Debt Coverage Ratio means, as of the date of computation thereof, the ratio of (i) the sum of (without duplication) Consolidated Indebtedness (determined as at such date) to (ii) Consolidated EBITDA (for the Four-Quarter Period ending on (or most recently ended prior to) such date).
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Consolidated Debt Coverage Ratio means, for any day, the ratio of (a) all Indebtedness of the MLP and its subsidiaries (excluding (i) the principal amount of Hybrid Equity Securities in an aggregate amount not to exceed 15% of Total Capitalization and (ii) the Excluded Go-Zone Bond Proceeds in an aggregate amount not to exceed $350,000,000 and the corresponding portion of any outstanding letters of credit providing credit support therefor), on a consolidated basis, as of the last day of the then most recent Rolling Period over (b) Consolidated EBITDA of the MLP and its subsidiaries for such Rolling Period.
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Consolidated Debt Coverage Ratio means, for any day, the ratio of (a) Consolidated Debt as of the last day of the then most recent Rolling Period (or Consolidated Debt as of such day, if such day is the last day of a Rolling Period) over (b) Consolidated EBITDA for such Rolling Period; provided that, solely for purposes of testing compliance with the Consolidated Debt Coverage Ratio pursuant to Section 6.11 as of the last day of each Rolling Period (and not for any other purpose, including testing Pro Forma Compliance with the Consolidated Debt Coverage Ratio pursuant to Section 6.01(f), Section 6.04(f), Section 6.04(g) or Section 6.04(h) or as a condition to the availability of any other baskets), so long as (i) no Loans are then outstanding on such day and (ii) Liquidity is at least $1,000,000,000 on such day, Consolidated Debt shall be reduced by the Available Cash Netting Amount as of such day up to $200,000,000.
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Consolidated Debt Coverage Ratio means, as of the date of computation thereof, the ratio of (i) the sum of
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