Debt to Earnings Ratio means, as of any time the same is to be determined, the ratio of Total Funded Debt at such time to EBITDA for the four fiscal quarters of the Company then ended.
Debt to Earnings Ratio means, as of any time, the ratio of (x) Consolidated Debt at such time to (y) Consolidated EBITDA for the twelve then most recently completed calendar months.
Debt to Earnings Ratio means as of any time, the rate of (x) Consolidated Total Debt for Money Borrowed at such time to (y) Consolidated EBITDA for the twelve then most recently completed calendar months.
Examples of Debt to Earnings Ratio in a sentence
The Company will, as of the last day of each fiscal quarter of the Company, maintain a Debt to Earnings Ratio of less than or equal to 2.75 to 1.00.
Maintain at all times a Funded Debt to Earnings Ratio of not more than 1.75 to 1.0.
The Company will at all times maintain a Debt to Earnings Ratio of not more than 3.5 to 1.0.
The Company will as of each Test Date maintain the Debt to Earnings Ratio at not more than 5.0 to 1.0.
Notwithstanding anything herein to the contrary, the term "Subsidiaries" as used in the definitions of the terms "Consolidated Net Income", "Debt to Earnings Ratio", "EBIT", "EBITDA", "Interest Expense", "Leverage Ratio", "Pricing Leverage Ratio", "Shareholder's Equity", "Tangible Net Worth" and "Total Funded Debt" shall exclude Restricted Subsidiaries.
More Definitions of Debt to Earnings Ratio
Debt to Earnings Ratio. EBIT", "EBITDA", "Interest Expense", "Leverage Ratio", "Shareholder's Equity", "Tangible Net Worth" and "Total Funded Debt" shall exclude Unrestricted Subsidiaries.
Debt to Earnings Ratio means, at any date of determination, the ratio of Consolidated Funded Debt of the Borrower and its Subsidiaries as of the last day of the fiscal quarter of the Borrower most recently ended to Consolidated EBITDA of the Borrower and its Subsidiaries for the period of four consecutive fiscal quarters of the Borrower most recently ended.
Debt to Earnings Ratio means, as of any time the same is to be determined, the ratio of Total Funded Debt at such time to EBITDA for the four fiscal quarters of the Company then ended. "Default" means any event or condition the occurrence of which would, with the passage of time or the giving of notice, or both, constitute an Event of Default. "Deutsche Mark" means the lawful currency of the Federal Republic of Germany. "Domestic Raxx" means, for any day, the greater of (i) the rate of interest announced by the Agent from time to time as its prime commercial rate, as in effect on such day (it being understood and agreed that such rate may not be the Agent's best or lowest rate); and (ii) the sum of (x) the rate determined by the Agent to be the average (rounded upwards, if necessary, to the next higher 1/100 of 1%) of the rates per annum quoted to the Agent at approximately 10:00 a.m. (Chicago time) (or as soon thereafter as is practicable) on such day (or, if such day is not a Business Day, on the immediately preceding Business Day) by two or more Federal funds brokers selected by the Agent for the sale to the Agent at face value of Federal funds in an amount equal or comparable to the principal amount owed to the Agent for which such rate is being determined, plus (y) 1/2 of 1%. "Domestic Rate Portions" is defined in Section 2.1(a) hereof. "EBIT" means, for any period, Consolidated Net Income for such period plus all amounts deducted in arriving at such Consolidated Net Income amount for such period for Interest Expense and for foreign, federal, state and local income tax expense. "EBITDA" means, for any period, EBIT for such period plus (i) all amounts deducted in arriving at such EBIT in respect of all amounts properly charged for depreciation of fixed assets and amortization of Capital Leases and intangible assets during such period on the books of the Company and its Subsidiaries and (ii) (to the extent such period includes the third fiscal quarter of the fiscal year of the Company ended on or about December 31, 1998) all the Fiscal 1998 Charges during such period, all as determined in accordance with GAAP. "EMU" means economic and monetary union as contemplated in the Treaty on European Union. "EMU Commencement" means the date of commencement of the third stage of EMU (which at the date hereof is expected to be on January 1, 1999) or the date on which circumstances arise which (in the opinion of the Agent) have substantially the same effect and result in substantially the
Debt to Earnings Ratio is superseded and replaced in its entirety and amended to read:
Debt to Earnings Ratio means, as of any time, the ratio of (x) Consolidated Debt at such time to (y) Consolidated EBITDA for the twelve then most recently completed calendar months. “Default” means any event or condition the occurrence of which would, with the passage of time or the giving of notice, or both, constitute an Event of Default. “Defaulting Insignificant Subsidiary” means an Insignificant Subsidiary which is the subject of any Subsidiary Default on or at any time after the date hereof. “Designated Jurisdiction” means, at any time, any country, region or territory which is itself the subject or target of any Sanctions. “Domestic Subsidiary” means each Subsidiary other than a Foreign Subsidiary. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute thereto. “Event of Default” means any event or condition identified as such in Section 8.1 hereof. “Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any
Debt to Earnings Ratio means, as of any time the same is to be determined, the ratio of Total Funded Debt at such time to EBITDA for the four fiscal quarters of the Company then ended. "Default" means any event or condition the occurrence of which would, with the passage of time or the giving of notice, or both, constitute an Event of Default. "Domestic Rate" means, for any day, the greater of (i) the rate of interest announced by the Agent from time to time as its prime commercial rate, as in effect on such day (it being understood and agreed that such rate may not be the Agent's best or lowest rate); and (ii) the sum of (x) the rate determined by the Agent to be the average (rounded upwards, if necessary, to the next higher 1/100 of 1%) of the rates per annum quoted to the Agent at approximately 10:00 a.m. (Chicago time) (or as soon thereafter as is practicable) on such day (or, if such day is not a Business Day, on the immediately preceding Business Day) by two or more Federal funds brokers selected by the Agent for the sale to the Agent at face value of Federal funds in an amount equal or comparable to the principal amount owed to the Agent for which such rate is being determined, plus (y) 1/2 of 1%. "Domestic Rate Portions" is defined in Section 2.1(a) hereof. "EBIT" means, for any period, Consolidated Net Income for such period plus all amounts deducted in arriving at such Consolidated Net Income amount for such period for Interest Expense and for foreign, federal, state and local income tax expense.