Debt to EBITDA Ratio definition
Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of
Debt to EBITDA Ratio of any Person at any date means the ratio of (a) Debt of the types that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person on such date to (b) EBITDA for the period of four fiscal quarters of such Person ended on or immediately prior to such date, provided that for purposes of clause (a) of this definition, Debt shall not include (1) the obligations specified in clause (g) of the definition thereof set forth above or (2) with respect to the Borrower, any obligations which may be assumed by the Borrower for guaranties of any indebtedness of the Borrower's employee stock ownership plan up to an aggregate principal amount of $26,100,000.
Debt to EBITDA Ratio means at the end of each fiscal quarter of the Borrower, the ratio of Debt to EBITDA as calculated on a rolling four quarter basis.
Examples of Debt to EBITDA Ratio in a sentence
Permit the Debt to EBITDA Ratio to exceed 3.50 to 1.00 at the end of any Fiscal Quarter; provided that the maximum Debt to EBITDA Ratio permitted by this Section shall be increased to 4.00 to 1.00 for the Fiscal Quarter first ending immediately after the consummation of a Material Acquisition by the Borrower or a Subsidiary and such Fiscal Quarters that are within the four full Fiscal Quarters ending thereafter.
More Definitions of Debt to EBITDA Ratio
Debt to EBITDA Ratio means, as of the last day of any fiscal quarter, the ratio of: (a) the total consolidated Indebtedness of US Borrower and the Subsidiaries as of such day to (b) EBITDA for the Computation Period ending on such day.
Debt to EBITDA Ratio means, as of any date, the ratio of Consolidated Indebtedness (as of the date of determination) to EBITDA (for the Company’s then most recently completed four fiscal quarters).
Debt to EBITDA Ratio means, as of any date of determination, with respect to any Person, the ratio of (a) total Debt of such Person as of the date of determination to (b) consolidated EBITDA of such person for the consecutive twelve (12)-month fiscal period of such Person most recently ended for which financial statements of such Person are available.
Debt to EBITDA Ratio means the ratio of all Debt of the Borrower and its Subsidiaries on a consolidated basis, to EBITDA.
Debt to EBITDA Ratio as of any date of determination means the ratio of:
Debt to EBITDA Ratio means, with respect to any Person for any period, the ratio of:
Debt to EBITDA Ratio means, for a particular Fiscal Quarter, the ratio of (i) Debt of Vitran as at the last day of such Fiscal Quarter to (ii) Rolling EBITDA for such Fiscal Quarter.