Consolidated Guarantor Leverage Ratio definition

Consolidated Guarantor Leverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated Guarantor Funded Indebtedness as of such date plus (ii) an amount equal to the sum of the annual rent payments under leases other than Capital Leases or Synthetic Leases of the Guarantor and its Consolidated Subsidiaries times 8.0, minus (iii) solely to the extent that on such date the Outstanding Amount (as defined in the Revolving Credit Agreement) is $0.00 and the full amount of the Revolving Credit Facility is undrawn, unrestricted cash and Cash Equivalents held by the Guarantor and its Consolidated Subsidiaries on such date in an aggregate amount not to exceed $25,000,000, to (b) Consolidated EBITDAR for the Guarantor and its Consolidated Subsidiaries for the period of the four fiscal quarters most recently ended. For purposes of calculating the foregoing ratio, Specified Transactions that have occurred during such period shall be included on a Pro Forma Basis.
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Consolidated Guarantor Leverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated Guarantor Funded Indebtedness as of such date plus (ii) an amount equal to the sum of the annual rent payments under leases other than Capital Leases or Synthetic Leases of the Guarantor and its Consolidated Subsidiaries times 8.0, minus (iii) solely to the extent that on such date the Outstanding Amount (as defined in the Revolving Credit Agreement) is $0.00 and the full amount of the ABL Credit Facility (as defined in the Revolving Credit Agreement) is undrawn, unrestricted cash and Cash Equivalents held by the Guarantor and its Consolidated Subsidiaries on such date in an aggregate amount not to exceed $25,000,000, to (b) Consolidated EBITDAR for the Guarantor and its Consolidated Subsidiaries for the period of the four fiscal quarters most recently ended. For purposes of calculating the foregoing ratio, Specified Transactions that have occurred during such period shall be included on a Pro Forma Basis.
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Examples of Consolidated Guarantor Leverage Ratio in a sentence

  • Any failure to maintain the Consolidated Guarantor Fixed Charge Coverage Ratio or the Consolidated Guarantor Leverage Ratio, unless, as to the Consolidated Guarantor Leverage Ratio, such failure is cured within the timeframe and in the manner set forth in this Section 10 below, shall constitute an Event of Default under the Lease and under this Guaranty.

  • Guarantor hereby represents and warrants to Landlord that as of the date hereof, Guarantor’s Consolidated Guarantor Fixed Charge Coverage Ratio and Consolidated Guarantor Leverage Ratio equals or exceeds the Consolidated Guarantor Fixed Charge Coverage Ratio and Consolidated Guarantor Leverage Ratio set forth on Schedule 1.

  • The Consolidated Guarantor Fixed Charge Coverage Ratio and Consolidated Guarantor Leverage Ratio of Guarantor shall be measured as of the last day of each Quarter and evidence of the compliance by Guarantor of this Section 10, which evidence shall be certified as true and correct by Guarantor or, if applicable, Guarantor’s CFO (or equivalent), shall be submitted to Landlord concurrently with the delivery of the Quarterly financial statements required under Section 9.1 above.

  • Until the payment and performance in full of the Obligations, Guarantor shall maintain, (i) at a minimum, the Consolidated Guarantor Fixed Charge Coverage Ratio and (ii) the Consolidated Guarantor Leverage Ratio set forth on Schedule 1 attached hereto.

Related to Consolidated Guarantor Leverage Ratio

  • Consolidated Leverage 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 most recently completed four fiscal quarters.

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (x) Consolidated Net Leverage at such date to (y) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available; provided, however, that for the purposes of calculating Consolidated EBITDA for such period, if, as of such date of determination:

  • Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of such date to (b) EBITDA of the Company and its Restricted Subsidiaries for the most recently ended Test Period on or prior to such date, in each case with such pro forma adjustments as are consistent with the pro forma adjustments set forth in the definition of “Interest Coverage Ratio.”

  • Senior Leverage Ratio means, at any date, the ratio of (i) Senior Net Debt at such date, to (ii) Adjusted EBITDA, for the period of four fiscal quarters most recently ended on or prior to such date.

  • Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Indebtedness net of Unrestricted Cash as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • First Lien Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Secured Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.