Consolidated EBITDA to Consolidated Interest Expense Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the relevant Test Period to (b) Consolidated Interest Expense for such Test Period.
Consolidated EBITDA to Consolidated Interest Expense Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the most recent Test Period ended on or prior to such date of determination to (b) Consolidated Interest Expense for such period; provided that, for purposes of calculating the Consolidated EBITDA to Consolidated Interest Expense Ratio for any period ending prior to the first anniversary of the Closing Date, Consolidated Interest Expense shall be an amount equal to actual Consolidated Interest Expense from the Closing Date through the date of determination multiplied by a fraction the numerator of which is 365 and the denominator of which is the number of days from the Closing Date through the date of determination.
Consolidated EBITDA to Consolidated Interest Expense Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the most recently ended Test Period ended on or prior to such date of determination to (b) Consolidated Interest Expense for such Test Period; provided that, for purposes of calculating the Consolidated EBITDA to Consolidated Interest Expense Ratio for any period ending prior to the first anniversary of the Effective Date, Consolidated Interest Expense shall be an amount equal to actual Consolidated Interest Expense from the Effective Date through the date of determination multiplied by a fraction the numerator of which is 365 and the denominator of which is the number of days from the Effective Date through the date of determination. In the event that the Borrower or any Restricted Subsidiary incurs, assumes, guarantees, repays, redeems, retires or extinguishes any Indebtedness (other than Indebtedness incurred under any revolving credit facility that has not been permanently repaid) subsequent to the commencement of the period for which the Consolidated EBITDA to Consolidated Interest Expense Ratio is being calculated, but prior to or simultaneously with the event for which the calculation of the Consolidated EBITDA to Consolidated Interest Expense Ratio is made, then the Consolidated EBITDA to Consolidated Interest Expense Ratio shall be calculated giving Pro Forma Effect to such incurrence, assumption, guarantee, repayment, redemption, retirement or extinguishing of Indebtedness as if the same had occurred at the beginning of the applicable Test Period.
Examples of Consolidated EBITDA to Consolidated Interest Expense Ratio in a sentence
Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test or covenant contained in this Agreement with respect to any period during which any Specified Transaction occurs, the Consolidated Secured Debt to Consolidated EBITDA Ratio, the Consolidated Total Debt to Consolidated EBITDA Ratio and the Consolidated EBITDA to Consolidated Interest Expense Ratio shall be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis.
The Borrower will not permit the Consolidated EBITDA to Consolidated Interest Expense Ratio for any Test Period to be less than 2.50 to 1.00.
The Company will not, and will not permit any of the Restricted Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness; provided that the Company or any Restricted Subsidiary may incur Indebtedness if the Consolidated EBITDA to Consolidated Interest Expense Ratio for the most recently ended Test Period after giving Pro Forma Effect to the incurrence of such Indebtedness and the application of proceeds therefrom would be at least 2.00 to 1.00.
Beginning with the fiscal quarter ending June 30, 2012, the Borrower will not permit the Consolidated EBITDA to Consolidated Interest Expense Ratio as of the last day of any Test Period to be less than 3.0 to 1.0.
As of the last day of any Fiscal Quarter, the Consolidated EBITDA to Consolidated Interest Expense Ratio of the Guarantor and its Consolidated Subsidiaries will not be less than 1.75 to 1.
More Definitions of Consolidated EBITDA to Consolidated Interest Expense Ratio
Consolidated EBITDA to Consolidated Interest Expense Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the most recent Test Period ended on or prior to such date of determination to (b) Consolidated Interest Expense for such Test Period; provided that, for purposes of calculating the Consolidated EBITDA to Consolidated Interest Expense Ratio for any period ending prior to the first anniversary of the Closing Date, Consolidated Interest Expense shall be an amount equal to actual Consolidated Interest Expense from the Closing Date through the date of determination multiplied by a fraction the numerator of which is 365 and the denominator of which is the number of days from the Closing Date through the date of determination. In the event that the Borrower or any Restricted Subsidiary incurs, assumes, guarantees, repays, redeems, retires or extinguishes any Indebtedness (other than Indebtedness incurred under any revolving credit facility that has not been permanently repaid) subsequent to the commencement of the period for which the Consolidated EBITDA to Consolidated Interest Coverage Ratio is being calculated, but prior to or simultaneously with the event for which the calculation of the Consolidated EBITDA to Consolidated Interest Coverage Ratio is made (the “Calculation Date”), then the Consolidated EBITDA to Consolidated Interest Coverage Ratio shall be calculated giving Pro Forma Effect to such incurrence, assumption, guarantee, repayment, redemption, retirement or extinguishing of Indebtedness as if the same had occurred at the beginning of the applicable Test Period.
Consolidated EBITDA to Consolidated Interest Expense Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the relevant Test Period to (b) Consolidated Interest Expense for such Test Period; provided that, for purposes of calculating the Consolidated EBITDA to Consolidated Interest Expense Ratio for the initial three successive fiscal quarters after the Closing Date (a) Consolidated Interest Expense shall be calculated by (i) dividing (x) the aggregate Consolidated Interest Expense incurred for all fiscal quarters commencing with the fiscal quarter ending on or about October 31, 2007 by (y) the number of fiscal quarters to have ended after the Closing Date, and multiplying the quotient thereof by 4.
Consolidated EBITDA to Consolidated Interest Expense Ratio means, as of the last day of any Fiscal Quarter, the ratio of (i) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on such day to (ii) Consolidated Interest Expense for the four consecutive Fiscal Quarters ending on such day.
Consolidated EBITDA to Consolidated Interest Expense Ratio at the end of any month, the ratio of (a) Consolidated EBITDA for the immediately preceding twelve (12) months (ending on such date) to (b) Consolidated Interest Expense for the immediately preceding twelve (12) months (ending on such date). For purposes of (b) above, non-cash interest shall be excluded.
Consolidated EBITDA to Consolidated Interest Expense Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the most recent Test Period ended on or prior to such date of determination to (b) Consolidated Interest Expense for such period; provided that, for purposes of calculating the Consolidated EBITDA to Consolidated Interest Expense Ratio for any period ending prior to the first anniversary of the Closing Date, Consolidated Interest Expense shall be an amount equal to actual Consolidated Interest Expense from the Closing Date through the date of determination multiplied by a fraction the numerator of which is 365 and the denominator of which is the number of days from the Closing Date through the date of determination. FOR THE EXCLUSIVE USE OF DIRECT LENDING - APOLLO GLOBAL MANAGEMENT, INC ON 31 AUG 23 04:58:13 GMT
Consolidated EBITDA to Consolidated Interest Expense Ratio means, as of any date of determination, the ratio of: the sum of: (i) the amount of operating income of the Borrower which is, currently account entry No. 5.31.11.00 of the Borrower's Consolidated FECU; plus (ii) depreciation which is currently account entry No. 5.50.30.05 of the Borrower's Consolidated FECU, to the amount which is currently account entry No. 5.31.12.60 of the Borrower's Consolidated FECU, in each case during the four consecutive fiscal quarters most recently ended.
Consolidated EBITDA to Consolidated Interest Expense Ratio means, on any day, the ratio of (i) Consolidated EBITDA for the Rolling Period ended on such day (or, if such day is not the last day of a Fiscal Quarter of the Borrower, ended on the last day of the Fiscal Quarter of the Borrower most recently ended prior to such day) (for purposes of this definition, such period, the “reference period”) to (ii) Consolidated Interest Expense for the reference period.