Consolidated Senior Leverage Ratio definition

Consolidated Senior Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Senior Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

Consolidated Senior Leverage Ratio means the ratio of Consolidated Senior Debt, determined as of the last day of any fiscal quarter of the Company, to Consolidated EBITDA for the period of 12 months ending on such last day.

Consolidated Senior Leverage Ratio as at the last day of any period, the ratio of (a) Consolidated Senior Debt on such day to (b) Consolidated EBITDA for such period.

Examples of Consolidated Senior Leverage Ratio 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.

• 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.

• 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.

• 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.

More Definitions of Consolidated Senior Leverage Ratio

Consolidated Senior Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness excluding as of such date any (i) deferred purchase price obligation in connection with Acquisitions as of such date (which excludes from Consolidated Funded Indebtedness, for the avoidance of doubt, any earn-out obligation) and (ii) Subordinated Indebtedness to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

Consolidated Senior Leverage Ratio as at the last day of any period of four consecutive fiscal quarters, the ratio of (a) Consolidated Total Debt less the aggregate principal amount of the Senior Subordinated Notes and the Existing Senior Subordinated Notes and any refinancing Indebtedness permitted by Section 7.2(g)(ii) on such day to (b) Consolidated EBITDA for such period; provided that for purposes of calculating Consolidated EBITDA of the Borrower and its Subsidiaries for any period, the Consolidated EBITDA of any Person or bookstore location acquired or disposed of by the Borrower or its Subsidiaries during such period shall be included on a pro forma basis, including the effect of identified business synergies, for such period (assuming the consummation of each such acquisition and the incurrence or assumption of any Indebtedness in connection therewith occurred on the first day of such period) if (other than the pro forma adjustments to Consolidated EBITDA included in the calculation thereof for the twelve-month period ended January 31, 2004 for the purposes of Section 5.1(k)) either (x) the consolidated balance sheet of such acquired Person and its consolidated Subsidiaries as at the end of the period preceding the acquisition of such Person and the related consolidated statements of income and stockholders' equity and of cash flows for the period in respect of which Consolidated EBITDA is to be calculated have been previously provided to the Administrative Agent and the Lenders and reported on without a qualification arising out of the scope of the audit by independent certified public accountants of nationally recognized standing or (y) other financial information in respect of such acquired Person or bookstore location shall have been provided to the Administrative Agent and the Lenders and shall have been found reasonably acceptable by the Required Lenders.

Consolidated Senior Leverage Ratio means, as of the last day of any Fiscal Quarter, the ratio of (i) Senior Indebtedness as at such day to (ii) EBITDA for the consecutive four Fiscal Quarters ending on such day.

Consolidated Senior Leverage Ratio means, for any date of determination (i) Consolidated Funded Indebtedness on such date of determination (excluding the Unsecured Note Indebtedness) to (ii) Consolidated Adjusted EBITDA for the applicable period of four consecutive fiscal quarters.

Consolidated Senior Leverage Ratio as at any date of determination, means the ratio of:

Consolidated Senior Leverage Ratio means, as at any date, the ratio of (a) Senior Debt minus cash and Cash Equivalents held by the Credit Parties on such date to the extent to such cash and Cash Equivalents are unrestricted and available for the payment of the debts of the Credit Parties in an aggregate amount not in excess of $10,000,000 to (b) EBITDA for the period of four consecutive fiscal quarters ending on or most recently ended prior to such date.

Consolidated Senior Leverage Ratio means, as of any date, the ratio of (1) the Consolidated Senior Debt outstanding on such date after giving effect to all incurrences and repayments of Indebtedness made or to be made on such date to (2) the Consolidated Cash Flow of the Company for the most recently ended four full fiscal quarters for which internal financial statements are available. In addition, for purposes of calculating the Consolidated Senior Leverage Ratio: