Consolidated Senior Leverage definition

Consolidated Senior Leverage means the sum of the aggregate outstanding Senior Indebtedness of the Parent Guarantor and its Restricted Subsidiaries as of the relevant date of calculation on a consolidated basis in accordance with GAAP, except that with respect to the Incurrence of any Indebtedness pursuant to Section 4.06 (b)(xii) of Schedule 6 prior to the Merger, Consolidated Senior Leverage shall be calculated on a net basis, net of cash on a consolidated basis in accordance with GAAP, as of the relevant date of such Incurrence.
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Consolidated Senior Leverage means the sum of the aggregate outstanding Senior Debt of the Company and its Restricted Subsidiaries, calculated as of the relevant date of calculation on a consolidated basis in accordance with GAAP.
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Consolidated Senior Leverage means, as of any date, the quotient (expressed as a ratio) obtained by dividing (a) the sum of the aggregate principal amount of the Senior Bank Indebtedness, as of such date, by (b) Consolidated EBITDA for the applicable period ending on such date.
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Examples of Consolidated Senior Leverage in a sentence

  • If such compliance certificate is not delivered on the last date for delivery thereof, it shall be assumed that the Consolidated Senior Leverage Ratio as of the end of such fiscal quarter was greater than 4.00 to 1.00.

  • If such compliance certificate is not delivered on the last date for delivery thereof, it shall be assumed that the Consolidated Senior Leverage Ratio as of the end of such fiscal quarter was greater than 4.5 to 1.

  • Borrower shall not permit the Consolidated Senior Leverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be greater than the levels set forth below.

  • Notwithstanding the foregoing, the parties hereto acknowledge and agree that all calculations of the Consolidated Interest Coverage Ratio, Consolidated Leverage Ratio and the Consolidated Senior Leverage Ratio for purposes of determining compliance with Section 8.08(a), (b) and (c) shall be made on a Pro Forma Basis.

  • Permit the Consolidated Senior Leverage Ratio for a Four-Quarter Period to exceed 5.00 to 1.00 at any time.

  • Permit the Consolidated Senior Leverage Ratio at any time to be greater than 1.00 to 1.00.

  • The Administrative Agent shall have received evidence in the form of a certificate from the chief financial officer or other Responsible Officer dated as of the Closing Date and addressed to the Administrative Agent and the Lenders that, the Consolidated Senior Leverage Ratio (calculated as of March 31, 2020, after giving pro forma effect to the funding of the extensions of credit on the Closing Date) is not greater than 3.00:1:00.

  • Credit Parties shall have, at the end of each Fiscal Quarter, a Consolidated Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the Test Period ending with such Fiscal Quarter of not more than 3.30 to 1.00.

  • As of the Closing Date and on a Pro Forma Basis after giving effect to the Related Transactions, the Consolidated Senior Leverage Ratio shall not exceed 2.76 to 1.00 and the Consolidated Total Leverage Ratio shall not exceed 5.70 to 1.00, and Agent and Lenders shall have received a certificate of Borrower certifying thereto as required by paragraph CC of Annex D.

  • Permit the Consolidated Senior Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) for the fiscal quarter ending on or about January 28, 2006 and the fiscal quarter ending on or about April 29, 2006, 3.25:1.0, (ii) for each fiscal quarter ending thereafter, (A) 3.0:1.0 if such fiscal quarter is the third or fourth fiscal quarter of the Borrower’s fiscal year and (B) 3.75:1.0 if such fiscal quarter is the first or second fiscal quarter of the Borrower’s fiscal year.