Debt to EBITDA Ratio definition

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 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.

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.

• 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.

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

• Dilawri’s method of calculating EBITDA may differ from other issuers’ calculations and, accordingly, may not be comparable to measures used by other issuers.References to “Pro Forma Adjusted Rent Coverage Ratio”, “Term Debt” and “Term Debt to EBITDA Ratio”, which are key measures of performance used by automotive dealership businesses, refer to the Pro Forma Adjusted Rent Coverage Ratio, Term Debt and Term Debt to EBITDA Ratio of the Dilawri Group on a non-consolidated combined basis.

• 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.

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, 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 the end of any Fiscal Quarter, -------------------- the ratio of (a) Funded Debt as at such date to (b) EBITDA for the four Fiscal Quarter period then ending.

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

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, for any fiscal quarter of Paxar, a ratio of Debt of Paxar and its Subsidiaries as at the end of such fiscal quarter to Consolidated EBITDA of Paxar and its Subsidiaries for the most recently completed four fiscal quarters.