Consolidated Funded Debt to EBITDA Ratio definition

Consolidated Funded Debt to EBITDA 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 the four prior fiscal quarters most recently ended on or prior to such date of determination. The Consolidated Funded Debt to EBITDA Ratio will be calculated on a Pro Forma Basis.

Consolidated Funded Debt to EBITDA Ratio. The term "Consolidated Funded Debt to EBITDA Ratio" means the ratio of (A) the Borrower's Funded Debt to (B) the Borrower's Consolidated EBITDA, in each case determined for the relevant Test Period on a Consolidated basis in accordance with GAAP, consistently applied.

Consolidated Funded Debt to EBITDA 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 the four fiscal quarters most recently ended.

Examples of Consolidated Funded Debt to EBITDA Ratio in a sentence

• The Consolidated Funded Debt to EBITDA Ratio of the Borrower Consolidation is less than 3.0 to 1.0. If so, on a separate sheet please set forth the calculations evidencing compliance.

• As of the end of each fiscal quarter of the Borrower, the Consolidated Funded Debt to EBITDA Ratio will not exceed 4.00 to 1.0.

• Permit at any time the Consolidated Funded Debt to EBITDA Ratio to exceed 3.25 to 1.00, tested no less frequently than quarterly for each Test Period and determined in each case in accordance with GAAP, consistently applied.

• Consolidated Funded Debt to EBITDA Ratio (Line IV.A ÷ Line IV.B): $ The undersigned hereby certifies that he/she is the of PMFG, INC., a Delaware corporation (“PMFG”), and PEERLESS MFG.

• The Borrowers will not permit their Consolidated Funded Debt to EBITDA Ratio, calculated as of each Calculation Date on a rolling four (4) quarter basis, to be greater than 2.5 to 1.0.

More Definitions of Consolidated Funded Debt to EBITDA Ratio

Consolidated Funded Debt to EBITDA Ratio. (A _________:1:00 maximum ratio permitted: 4.00 to 1.00 divided by B):

Consolidated Funded Debt to EBITDA Ratio means, with respect to the Guarantor and its Subsidiaries at the time of the computation thereof, the ratio of the Consolidated Funded Debt of the Guarantor and its Subsidiaries outstanding at such time to Consolidated EBITDA for the Four Quarter Period ending on the date of the computation thereof.

Consolidated Funded Debt to EBITDA Ratio means the ratio of (A) the aggregate amount of the Indebtedness of the Borrower which by its terms or by the terms of any instrument or agreement relating thereto, matures or which is otherwise payable, one year or more from, or is directly or indirectly renewable or extendible at the option of the obligor in respect thereof to a date one year or more from, the date of the creation thereof (including, without limitation, all of the Credit Obligations hereunder, all Capital Lease Obligations of the Borrower and the aggregate amount available to be drawn of any letter of credit issued for the account of the Borrower) to (B) the Borrower's net income (excluding non-cash extraordinary items or non-cash post- tax non-operating earnings adjustments) plus amounts (without duplication) deducted from net income in respect of income tax expense, interest expense, depreciation and amortization expense, in each case determined for the relevant Test Period on a Consolidated basis in accordance with GAAP, consistently applied.

Consolidated Funded Debt to EBITDA Ratio with respect to the Borrower Consolidation as of the end of any Fiscal Quarter shall mean the ratio resulting by dividing Consolidated Funded Debt for the Fiscal Quarter under review by EBITDA of the Borrower Consolidation for the Fiscal Quarter under review, together with the most recently ended three (3) preceding Fiscal Quarters.

Consolidated Funded Debt to EBITDA Ratio is added to read as follows:

Consolidated Funded Debt to EBITDA Ratio means, for any Cumulative Four Quarter Period, the ratio of: (a) the sum of (i) the Consolidated Senior Debt plus (ii) the Consolidated Subordinated Debt to (b) Consolidated EBITDA, as calculated on a Combined Basis.

Consolidated Funded Debt to EBITDA Ratio means, as of the end of any fiscal quarter, the relationship, expressed as a numerical ratio, between: