Consolidated Debt to EBITDA Ratio means for any period, the ratio of (a) Consolidated Debt for such period to (b) Consolidated EBITDA for such period.
Consolidated Debt to EBITDA Ratio means the ratio of (a) the total consolidated Debt as of the date of calculation (the "Determination Date") to (b) four times the Consolidated EBITDA for the latest fiscal quarter for which financial information is available immediately preceding such Determination Date (the "Measurement Period"). For purposes of calculating Consolidated EBITDA for the Measurement Period immediately prior to the relevant Determination Date, (i) any Person that is a Restricted Subsidiary on the Determination Date (or would become a Restricted Subsidiary on such Determination Date in connection with the transaction that requires the determination of such Consolidated EBITDA) will be deemed to have been a Restricted Subsidiary at all times during such Measurement Period, (ii) any Person that is not a Restricted Subsidiary on such Determination Date (or would cease to be a Restricted Subsidiary on such Determination Date in connection with the transaction that requires the determination of such Consolidated EBITDA) will be deemed not to have been a Restricted Subsidiary at any time during such Measurement Period, and (iii) if the Issuer or any Restricted Subsidiary shall have in any manner (x) acquired (through an acquisition or the commencement of activities constituting such operating business) or (y) disposed of (by an Asset Sale or the termination or discontinuance of activities constituting such operating business) any operating business during such Measurement Period or after the end of such period and on or prior to such Determination Date, such calculation will be made on a pro forma basis in accordance with GAAP as if, in the case of an acquisition or the commencement of activities constituting such operating business, all such transactions had been consummated prior to the first day of such Measurement Period (it being understood that in calculating Consolidated EBITDA the exclusions set forth in clauses (a) through (f) of the definition of Consolidated Net Income shall apply to any Person acquired as if it were a Restricted Subsidiary.
Consolidated Debt to EBITDA Ratio means, on any date of determination, the ratio of (i) Consolidated Debt for Borrowed Money of the Borrower and its Consolidated Subsidiaries, as of such date, to (ii) Consolidated EBITDA of the Borrower and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended.
Examples of Consolidated Debt to EBITDA Ratio in a sentence
Each Disposition of a Subsidiary or of all or substantially all of a line of business, and each Acquisition, by the Company and its Subsidiaries that is consummated during any four (4) fiscal quarter period shall, for purposes of determining the Consolidated Debt to EBITDA Ratio and the Consolidated Interest Coverage Ratio, be given Pro Forma Effect as of the first day of such four (4) fiscal quarter period.
The Issuer will not, and will not ------------------ permit any of its Restricted Subsidiaries to, Incur any Debt; provided that the Issuer may Incur Debt if, after giving effect to the incurrence of such Debt and the receipt and application of the proceeds therefrom, the Consolidated Debt to EBITDA Ratio would be greater than zero and less than 6:1.
Maintain, as of the end of each fiscal quarter, a Consolidated Debt to EBITDA Ratio of not greater than 2.50 to 1.00.
The Applicable Basis Points shall be adjusted as follows based upon the Borrower's Consolidated Debt to EBITDA Ratio, as calculated on a rolling four quarter basis.
Permit the Consolidated Debt to EBITDA Ratio as of the end of any fiscal quarter of the Company to be greater than (i) 3.50:1.00, for any fiscal quarter ending during the period from the Closing Date to and including October 26, 2019 and (ii) 3.00:1.00, for any fiscal quarter ending thereafter.
More Definitions of Consolidated Debt to EBITDA Ratio
Consolidated Debt to EBITDA Ratio means, as of any date of determination, the ratio of:
Consolidated Debt to EBITDA Ratio means, with respect to any incurrence of Debt on any date, the ratio of (a) Consolidated Debt as of such date to (b) the Consolidated EBITDA of the Company and its Restricted Subsidiaries for its most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date of such incurrence of Debt. Notwithstanding any other provision, for purposes of making the computation referred to above, acquisitions that have been made by the Company or any Restricted Subsidiary, including all mergers and consolidations, subsequent to the commencement of such period shall be calculated on a pro forma basis, assuming that all such acquisitions, mergers and consolidations had occurred on the first day of such period.
Consolidated Debt to EBITDA Ratio means the ratio of (a) the total consolidated Debt as of the date of calculation (the "Determination Date") to (b) four times (or if not based on a fiscal quarter, annualized as determined in good faith by the Board of Directors) the Consolidated EBITDA for the latest fiscal quarter completed after the Closing Date (and if no such fiscal quarter shall have been completed, the most recently available financial information as determined in good faith by the Board of Directors) for which financial information is available immediately preceding such Determination Date (the "Measurement Period"). For purposes of calculating Consolidated EBITDA for the Measurement Period immediately prior to the relevant Determination Date, (i) any Person that is a Restricted Subsidiary on the Determination Date (or would become a Restricted Subsidiary on such Determination Date in connection with the transaction that requires the determination of such Consolidated EBITDA) will be deemed to have been a Restricted Subsidiary at all times during such Measurement Period, (ii) any Person that is not a Restricted Subsidiary on such Determination Date (or would cease to be a Restricted Subsidiary on such Determination Date in connection with the transaction that requires the determination of such Consolidated EBITDA) will be deemed not to have been a Restricted Subsidiary at any time during such Measurement Period, and (iii) if the Issuer or any Restricted Subsidiary shall have in any manner (x) acquired (through an acquisition or the commencement of activities constituting such operating business) or (y) disposed of (by an Asset Sale or the termination or discontinuance of activities constituting such operating business) any operating business during such Measurement Period or after the end of such period and on or prior to such Determination Date, such calculation will be made on a pro forma basis in accordance with GAAP as if all such transactions had been consummated prior to the first day of such Measurement Period, including, if such Measurement Period includes any portion of the fiscal quarter during which the Closing Date occurs or the four fiscal quarters after the fiscal quarter during which the Closing Date occurs, the Incurrence of any Debt and cost savings resulting from employee termination, facilities consolidations and closings, standardization of employee benefits and compensation practices, consolidation of property, casualty and other insurance coverage and policies...
Consolidated Debt to EBITDA Ratio means, for any period, the relationship, expressed as a numerical ratio; between: Consolidated Total Debt as of the end of such period, and EBITDA for such period, all as determined in accordance with generally accepted accounting principles applied on a consolidated basis to the Company and its Subsidiaries.
Consolidated Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (i) Consolidated Debt to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on such day, each determined at such day.
Consolidated Debt to EBITDA Ratio means, as of any date of determination, with respect to the Company and its Subsidiaries on a consolidated basis, (a)(i) all Indebtedness of the Company and its Subsidiaries on a consolidated basis minus (ii) the TCS Debt and any other Subordinated Debt incurred pursuant to clause (i) of the definition thereof divided by (b) EBITDA for the immediately preceding twelve month period.
Consolidated Debt to EBITDA Ratio shall read in its entirety as follows: