Consolidated Net Total Leverage Ratio as of any date of determination, the ratio of (a) Consolidated Net Total Leverage on such date to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most recently ended Test Period.
Consolidated Net Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Debt (net of unrestricted cash and Cash Equivalents of the Borrower and its Subsidiaries maintained in the United States in excess of $75,000,000 (but with Consolidated Funded Debt not to be reduced by more than $50,000,000)) (including the Loans and other Obligations under this Agreement) as of such date to (b) Consolidated EBITDA for the period of four (4) consecutive Fiscal Quarters ending as of such date.
Consolidated Net Total Leverage Ratio means, as of any date of determination (the “Transaction Date”), the ratio of (a) Total Net Debt as of the last day of the Four-Quarter Period most recently ended as of such date to (b) the aggregate amount of Consolidated Cash Flow for the Four-Quarter Period most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP. For purposes of this definition, Consolidated Cash Flow shall be calculated after giving effect on a pro forma basis for the period of such calculation to:
Examples of Consolidated Net Total Leverage Ratio in a sentence
For any fiscal quarter ending on or after the IPO Closing Date, permit the Consolidated Net Total Leverage Ratio as of the end of any such fiscal quarter, (x) if a Qualified Offering has not been consummated, to be greater than 4.50 to 1.00 and (y) if a Qualified Offering has been consummated, to be greater than 5.00 to 1.00.
More Definitions of Consolidated Net Total Leverage Ratio
Consolidated Net Total Leverage Ratio means the quotient of (a) the total consolidated amount of Indebtedness of the Company and its consolidated Subsidiaries under clauses (a), (c), (d) and (e) of such definition, minus the unrestricted cash and cash equivalents of the Company and its consolidated Subsidiaries, divided by (b) the Company’s consolidated Adjusted EBITDA for the last four (4) fiscal quarters for which internal financial statements are available.
Consolidated Net Total Leverage Ratio means, as of the last day of each fiscal quarter, the ratio of Consolidated Net Total Funded Debt as of such day to Post EOne Consolidated EBITDA for the Measurement Period then ended.
Consolidated Net Total Leverage Ratio means, as of any date of determination, the ratio of (1) Consolidated Total Indebtedness as of such date, less the aggregate amount of cash and Cash Equivalents as of such date to (2) Consolidated EBITDA for the most recently ended four full fiscal quarters for which financial statements are available; provided that for purposes of determining the Consolidated Net Total Leverage Ratio, the aggregate amount of cash and Cash Equivalents as of such date of determination shall exclude any proceeds of Indebtedness Incurred on such date or the Incurrence of which is being tested on such date.
Consolidated Net Total Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower, the ratio of (a) (i) Consolidated Total Debt on such day less (ii) the aggregate amount of Unrestricted Cash (not to exceed $150,000,000) to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period.
Consolidated Net Total Leverage Ratio of any Person shall mean, as at any date of determination, the ratio of (a)(i) the outstanding principal amount of Indebtedness (other than any Hedging Obligations and any Cash Management Arrangements) of such Person and its Restricted Subsidiaries, determined on a Consolidated basis in accordance with IFRS, as of such date, minus (ii) the aggregate amount of cash, cash equivalents and Temporary Cash Investments of such Person and its Restricted Subsidiaries, determined on a Consolidated basis in accordance with IFRS, as of such date, to (b) the Consolidated EBITDA of such Person and its Restricted Subsidiaries on a Consolidated basis for the period of four most recent full fiscal quarters ending immediately prior to such date for which financial statements are available, in each case after giving pro forma effect to:
Consolidated Net Total Leverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated Funded Indebtedness minus(ii) cash and Cash Equivalents on hand in excess of $5 million of the Borrower and its Subsidiaries as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b).
Consolidated Net Total Leverage Ratio means as of the last day of any period of four consecutive fiscal quarters of the Borrower, the ratio of