Consolidated Funded Debt Ratio definition

Consolidated Funded Debt Ratio means, as of the last day of any fiscal quarter, the ratio of Consolidated Funded Debt on such day to Consolidated EBITDA for the period of four consecutive fiscal quarters ending as of such day.

Consolidated Funded Debt 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 period of four fiscal quarters most recently ended.

Consolidated Funded Debt Ratio means, with respect to the Borrower and its Subsidiaries, the ratio of (i) Consolidated Funded Indebtedness, to (ii) the sum of Consolidated Funded Indebtedness plus Consolidated Shareholders' Equity;

Examples of Consolidated Funded Debt Ratio in a sentence

• The Credit Agreement contains two key financial covenants; namely, borrowers are required to maintain a Consolidated Funded Debt Ratio of no more than 3.25-to-1 and a Consolidated Fixed Charge Covenant Ratio of at least 1.25-to-1.

• As of the end of each fiscal quarter of the Borrower ending on or after December 31, 1996, the Consolidated Funded Debt Ratio (Adjusted) for the period of four consecutive fiscal quarters ending on the last day of such fiscal quarter, considered as a single accounting period, shall not be greater than the applicable amount set forth below.

• The Borrower will not permit the Consolidated Funded Debt Ratio, as at the end of any Reference Period on or ending during any period to exceed the ratio of 3.75:1.00.

• On the Computation Date the Consolidated Funded Debt Ratio which is the Ratio of Consolidated Funded Debt to Company's Consolidated Tangible Net Worth and which is required to be equal to or less than 3.0 to 1.0 was _____ to 1.0 as computed in the supporting documents attached hereto as Schedule 2.

• There shall be maintained as of the end of each fiscal quarter, as determined for the four fiscal quarter period preceding the date of determination, a Consolidated Funded Debt Ratio of not greater than 4.0:1.0.

More Definitions of Consolidated Funded Debt Ratio

Consolidated Funded Debt Ratio. (Adjusted)" for any period shall mean the following ratio: (a) the amount, not less than zero, determined as of the last day of such period, equal to (i) Consolidated Funded Indebtedness, minus (ii) the amount, not less than zero, equal to (A) the amount of cash and Cash Equivalent Investments owned by the Borrower and its Subsidiaries, valued at the lower of cost or market, minus (B) $10,000,000, divided by (b) Consolidated EBITDA Less Capital Expenditures for such period.

Consolidated Funded Debt Ratio means the ratio of (i) the aggregate Indebtedness of the Borrower and its Consolidated Subsidiaries as of the end of the fiscal quarter immediately prior to the date of computation thereof, to (ii) Consolidated Operating Cash Flow for the four fiscal quarters immediately prior to the date of the computation thereof.

Consolidated Funded Debt Ratio for any period shall mean the ratio of Consolidated Funded Indebtedness as of the last day of such period to Consolidated EBITDA Less Capital Expenditures for such period. "Consolidated Funded Debt Ratio (Adjusted)" for any period shall mean the following ratio: (a) the amount, not less than zero, determined as of the last day of such period, equal to (i) Consolidated Funded Indebtedness, minus (ii) the amount, not less than zero, equal to (A) the amount of cash and Cash Equivalent Investments owned by the Borrower and its Subsidiaries (other than PSLC), valued at the lower of cost or market, minus (B) $8,000,000, divided by (b) Consolidated EBITDA Less Capital Expenditures for such period.

Consolidated Funded Debt Ratio means, as at any date of determination, the ratio of: (a) the Consolidated Senior Funded Indebtedness of Aeroflex and its Subsidiaries at such date to (b) (i) the Consolidated Adjusted EBITDA of Aeroflex and its Subsidiaries for the rolling four quarter period ending at such date, minus (ii) the aggregate Consolidated Unfunded Capital Expenditures made by Aeroflex and its Subsidiaries during the rolling four quarter period ending at such date of determination.

Consolidated Funded Debt Ratio. (Adjusted)" and "Consolidated Net Worth (Adjusted)" are amended to read as follows, and the following new definitions of "Intermediate Term Investment" and "TASC Disposition" are added in their appropriate places in alphabetical order:

Consolidated Funded Debt Ratio. (Adjusted)" for any period shall mean the following ratio: (a) the amount, not less than zero, determined as of the last day of such period, equal to (i) Consolidated Funded Indebtedness, minus (ii) the amount, not less than zero, equal to (A) the amount of cash and Cash Equivalent Investments owned by the Borrower and its Subsidiaries, valued at the lower of cost or market, minus (B) $10,000,000, divided by (b) Consolidated EBITDA Less Capital Expenditures for such period. For purposes of determining the Consolidated Funded Debt Ratio (Adjusted) (x) on any date before the date on which the TASC Disposition occurs, the Consolidated EBITDA Less Capital Expenditures of TASC and its Subsidiaries shall be included for each complete fiscal quarter during which TASC is a wholly-owned Subsidiary of the Borrower (notwithstanding that the Borrower may have classified TASC as a discontinued operation for such fiscal quarter as a consequence of the proposed TASC Disposition), and (y) on any date on or after the date on which the TASC Disposition occurs, Consolidated EBITDA Less Capital Expenditures of TASC and its Subsidiaries shall be excluded for all periods, whether before or after the date on which the TASC Disposition occurs. "Consolidated Net Worth (Adjusted)" at any time shall mean Consolidated Net Worth at such time plus the lesser of (a) $50,000,000 (or, if the TASC Disposition has occurred before such time, $330,000,000), or (b) the sum of aggregate writeoffs of goodwill or other intangible assets on or after January 1, 1997 in accordance with GAAP.

Consolidated Funded Debt Ratio as of any date shall mean (a) the Consolidated Funded Debt less any debt secured by a letter of credit or cash to (b) Consolidated EBITDA.