EBITDA Leverage definition

EBITDA Leverage means, with respect to any Loan, as of any date of calculation, the ratio of (i) the aggregate amount of indebtedness of the applicable Obligor as of the date of determination, excluding any indebtedness of such Obligor that ranks below the applicable Loan (or portion of the Loan) in lien and payment priority or that is non-recourse indebtedness of such Obligor to (ii) the EBITDA of such Obligor for the most recent twelve fiscal months, as calculated by the Borrower and Collateral Manager in good faith.
View Source
EBITDA Leverage means, with respect to any Loan, as of any date of calculation, the ratio of (i) the aggregate amount of indebtedness of the applicable Obligor as of the date of determination, excluding any indebtedness of such Obligor that ranks below the applicable Loan (or portion of the Loan) in lien and payment priority or that is non-recourse indebtedness of such Obligor minus the unrestricted cash of such Obligor as of such date to (ii) the EBITDA of such Obligor for the most recent twelve fiscal months, as calculated by the Borrower and Collateral Manager in good faith.
View Source

Examples of EBITDA Leverage in a sentence

  • Holdings will not permit its EBITDA Leverage Ratio as of the end of any fiscal quarter of Holdings (calculated quarterly at the end of each fiscal quarter) to be greater than 3.75:1.

  • As at the end of each fiscal quarter specified below, the Borrower and its Subsidiaries, on a Consolidated basis, shall maintain an EBITDA Leverage Ratio of no more than the ratio specified below for such fiscal quarter: This covenant shall be tested as at the end of each fiscal quarter.

  • Trust Certificates Nonassessable and Fully Paid............................................32 Section 11.13.

  • EBITDA Leverage Maintenance Test...........................................15 6C.

  • Without the prior written approval of Lender, which approval will not be unreasonably withheld, Borrower will not form any subsidiary or make any investment in, or make any loan in the nature of an investment to, a Person if and to the extent that after giving effect thereto, such formation, investment or loan results in a breach of Borrower’s covenants in Section 6.1(W)(1) (Minimum Fixed Charge Coverage Ratio) or Section 6.1(W)(2) (Maximum Ratio of Senior Indebtedness to EBITDA (Leverage Ratio)).

  • Permit the EBITDA Leverage Ratio of the Parent and its Subsidiaries for any period of 4 consecutive fiscal quarters of the Parent and its Subsidiaries for which the last quarter ends on a date set forth below to be greater than the ratio set forth opposite such date: May 31, 2023 and each fiscal quarter thereafter 2.00:1.00 ; provided that the EBITDA Leverage Ratio of Parent and its Subsidiaries for the 4 consecutive fiscal quarter period ending August 31, 2023 shall be tested on September 29, 2023.

  • Agent and Lenders (a) hereby acknowledge that Events of Default exist because of Borrower’s failure to comply with the following financial covenants as of September 30, 2003: Minimum Adjusted EBITDA, Leverage Ratio and Fixed Charge Coverage Ratio; and (b) as of the Effective Date waive all such Events of Default.

  • Obligor will not permit its EBITDA Leverage Ratio as of the end of any fiscal quarter of Obligor (calculated quarterly at the end of each fiscal quarter) to be greater than the amount set forth in the table below on the applicable date.

  • Subject to the conditions set forth in Section 4 below, the Agent and Lenders hereby waive compliance with the Total Leverage Ratio set forth in Subsection 6.3.1 for the quarter ended May 31, 2010 and the EBITDA Leverage Ratio set forth in Subsection 6.3.2 for the quarter ended May 31, 2010.

  • The Borrower will not permit its EBITDA Leverage Ratio as of the end of any fiscal quarter of the Borrower (calculated quarterly at the end of each fiscal quarter) to be greater than the amount set forth in the table below on the applicable date.