Consolidated Interest Expense Ratio for any Test Period, the ratio of (a) EBITDA for such period to (b) Consolidated Interest Expense for such period.
Consolidated Interest Expense Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period, to (b) Consolidated Interest Expense for such period, all calculated for the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP.
Consolidated Interest Expense Ratio means the ratio of (a) EBITDA for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated financial statements of the Company are available less the amount of Capital Expenditures made during such period to (b) Consolidated Interest Expense for such four fiscal quarters, in each case determined, for each fiscal quarter (or portion thereof) of the four fiscal quarters ending prior to the Issue Date, on a pro forma basis to give effect to the Restructuring as if it had occurred at the beginning of such four-quarter period; provided, however, that:
Examples of Consolidated Interest Expense Ratio in a sentence
Permit the Consolidated Interest Expense Ratio as of the end of any Test Period ending on or after June 30, 2024 to be less than 3.00 to 1.00.
More Definitions of Consolidated Interest Expense Ratio
Consolidated Interest Expense Ratio means the ratio between: (i) EBITDA for the period consisting of the four most recent consecutive fiscal quarters ending prior to the date of determination for which the consolidated financial statements of Net Servicos are available, minus the total Capital Expenditure for the same period, and (ii) the Net Consolidated Interest Expense for the same four fiscal quarters, determined, in each case, for each fiscal quarter (or portion thereof) of the four fiscal quarters ending prior to the date of signing of this Agreement, calculated on a pro forma basis to simulate the Restructuring as if it had occurred at the beginning of the same four-quarter period, with the proviso that:
Consolidated Interest Expense Ratio is greater than the index indicated below for the relevant date: Period Index October 31, 2004 – December 31, 2004 1.10 January 1, 2005 – December 31, 2005 1.25 January 1, 2006 – December 31, 2006 1.35 January 1, 2007 – December 31, 2007 1.90 January 1, 2008 – December 31, 2008 2.70 After January 1, 2009 4.80 (b) the “Consolidated Leverage Ratio” is less than the index indicated below for the relevant date: Period Index October 31, 2004 – December 31, 2004 3.2 January 1, 2005 – December 31, 2005 3.0 January 1, 2006 – December 31, 2006 2.5 January 1, 2007 – December 31, 2007 2.0 After January 1, 2008 1.5
Consolidated Interest Expense Ratio means the ratio between: (i) EBITDA for the period consisting of the four most recent consecutive fiscal quarters ending prior to the date of determination for which the consolidated financial statements of the Issuer are available, minus the total Capital Expenditure for the same period, and (ii) the Net Consolidated Interest Expense for the same four fiscal quarters, determined, in each case, for each fiscal quarter (or portion thereof) of the four fiscal quarters ending prior to the date of signing of the Indenture, calculated on a pro forma basis to simulate the Restructuring as if it had occurred at the beginning of the same four-quarter period, with the proviso that:
Consolidated Interest Expense Ratio for any period, the ratio of (a) Consolidated Adjusted EBITDA for such period to (b) Consolidated Interest Expense for such period.
Consolidated Interest Expense Ratio as of the last day of any period, the ratio of (a) EBITDA for such period to (b) Consolidated Interest Expense (excluding Consolidated Vehicle Interest Expense) for such period.
Consolidated Interest Expense Ratio with respect to the Borrower and its consolidated Subsidiaries, for any period of four consecutive fiscal quarters, the ratio of (a) EBITDA for such period to (b) Consolidated Interest Expense for such period.
Consolidated Interest Expense Ratio means the ratio between: (i) EBITDA for