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 means, as at any time of determination thereof, the ratio (expressed as a percentage) of (i) all Debt of the Company and Subsidiaries on a consolidated basis to (ii) EBITDA for the four consecutive fiscal quarter period then most recently ended.

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.

Examples of Debt to EBITDA Ratio in a sentence

• The Company will not, and will not permit any Subsidiary to, incur, directly or indirectly, any Indebtedness unless the pro forma Net Debt to EBITDA Ratio at the date of such incurrence is less than 3.00 to 1.00.

• The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

• Maintain a Debt to EBITDA Ratio, as at the end of each fiscal quarter of the Borrower, of not more than 4.0:1.0.

• Not permit the Funded Debt to EBITDA Ratio as of the last day of any Computation Period to exceed 2.50:1.0.

• Pro Forma Adjusted Rent Coverage Ratio, Term Debt and Term Debt to EBITDA Ratio are not defined by Canadian accounting standards for private enterprises (“ASPE”) or IFRS and do not have standardized meanings prescribed by ASPE or IFRS.

More Definitions of Debt to EBITDA Ratio

Debt to EBITDA Ratio means, at any date of determination, for the Loan Parties on a consolidated basis, the ratio of (i) Total Debt on such date, to (ii) the EBITDA for the Measurement Period ending on such date (taken as one accounting period).

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 means, as at a Quarter End, the ratio of (a) Debt as at such Quarter End to (b) EBITDA for the 12 months ending as at such Quarter End.

Debt to EBITDA Ratio means, with respect to any Person for any period, the ratio of:

Debt to EBITDA Ratio means, as of any date, the ratio of (a) Indebtedness of the Borrower and its Subsidiaries as of such date (other than Indebtedness consisting of reimbursement obligations in respect of undrawn amounts under outstanding Letters of Credit and Existing Letters of Credit) to (b) EBITDA of the Borrower and its Subsidiaries for the twelve-month period ending on such date.

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.

Debt to EBITDA Ratio means, as of the last day of any fiscal quarter, the ratio of (a) Funded Debt as of such day to (b) EBITDA for the four-quarter period ending on such day.