Funded Debt Coverage Ratio definition

Funded Debt Coverage Ratio means, as of the last day of any fiscal quarter of Interface, the ratio of (A) Funded Debt as of such day, to (B) the sum of Consolidated EBITDA for the fiscal quarter then ending and the immediately preceding three fiscal quarters.
Sample 1Sample 2
Funded Debt Coverage Ratio means, for any period, the ratio of (A) Indebtedness for Money Borrowed of Borrower on a Consolidated Basis for such period to (B) EBITDA of Borrower on a Consolidated Basis for such period. General Intangibles - with respect to Borrower all general intangibles and other personal property of Borrower (including things in action) other than goods, Accounts, chattel paper, documents, instruments and money, whether now owned or hereafter created or acquired by Borrower, including, without limitation, all choses in action, causes of action, corporate or other business records, inventions, designs, patents, patent applications, equipment formulations, manufacturing procedures, quality control procedures, trademarks, service marks, trade secrets, goodwill, copyrights, design rights, registrations, licenses, franchises, customer lists, tax refunds, tax refund claims, computer programs, all claims under guaranties, security interests or other security held by or granted to Borrower to secure payment of any of the Accounts by an Account Debtor all rights of indemnification, all deposit accounts of Borrower and all other intangible property of every kind and nature.
Sample 1Sample 2
Funded Debt Coverage Ratio means the ratio of Funded Debt as of the end of any fiscal quarter of the Company to Consolidated Cash Flow for the period of the four fiscal quarters ending at the end of such fiscal quarter. In the event that a Restricted Subsidiary shall have been acquired during such period, the Consolidated Cash Flow used for this ratio shall include the results of operations of such Restricted Subsidiary for such period.
Sample 1Sample 2

Examples of Funded Debt Coverage Ratio in a sentence

  • Permit the Funded Debt Coverage Ratio to be greater than 2.0:1.0 as of the last day of each fiscal quarter of Borrower for the trailing four quarters then ended.

  • For purposes of determining the Funded Debt Coverage Ratio in the preceding sentence, the Consolidated Adjusted EBITDA shall be increased by any cash and non-cash charges incurred in connection with such purchase, redemption, retirement or other acquisition to the extent such charges had been deducted in calculating the Consolidated Adjusted EBITDA.

  • The financial covenants contained in Sections 8.3.1 (Total Funded Debt Coverage Ratio), 8.3.2 (Minimum EBITDA), 8.3.3 (Senior Debt Coverage Ratio), 8.3.4 (Minimum Interest Coverage) and for the quarters ended June 30, 2001 and September 30, 2001 and Section 8.3.5 (Inventory Coverage) for each month from the date hereof until September 30, 2001 are, subject to completion of the conditions set forth in Section 9 below, hereby waived.

  • Permit or suffer the Funded Debt Coverage Ratio to be greater than (i) 6.0 to 1.0 at any time during the period ending on March 31, 2004 and (ii) 5.5 to 1.0 at any time thereafter.

  • Permit the Funded Debt Coverage Ratio to be greater than 1.0:1.0 as of the end of any fiscal quarter of Borrower commencing with the fiscal quarter ending December 31, 1996, calculated on a trailing four-quarter basis.

  • Permit the Funded Debt Coverage Ratio as of the end of any fiscal quarter to be greater than 4.5 to 1.0; provided, however, the Borrower shall not permit the Funded Debt Coverage Ratio to be greater than 4.0 to 1.0 as of any fiscal quarter end occurring four or more fiscal quarters after any fiscal quarter end as of which the Funded Debt Coverage Ratio was greater than 4.0 to 1.0.

  • Maintain a Total Funded Debt Coverage Ratio not greater than 4.75:1.00 with respect to each fiscal quarter ending on or after June 30, 1999 through and including the fiscal quarter ending September 30, 2001, and, with respect to each fiscal quarter ending on or after December 31, 2001, maintain a Total Funded Debt Coverage Ratio not greater than 4.50:1.00.

  • The Borrower will maintain, as of each Covenant Computation Date, its Funded Debt Coverage Ratio at not less than 0.35 to 1.00.

  • Permit or suffer the Funded Debt Coverage Ratio to be greater than (i) 8.50 to 1.00 as of the end of the fiscal quarter for the 12-month periods ending on March 31, 2004 and June 30, 2004, (ii) 7.50 to 1.00 as of the end of the fiscal quarter for the 12-month period ending on September 30, 2004, (iii) 6.00 to 1.00 as of the end of the fiscal quarter for the 12-month period ending on December 31, 2004 and (iv) 5.50 to 1.00 as of the end of any fiscal quarter for any 12-month period thereafter.

  • Maintain as of the last day of each fiscal quarter of the Borrower, commencing on September 30, 1996, a maximum Funded Debt Coverage Ratio, calculated for the immediately preceding four fiscal quarters, of no more than (i) 4.0 to 1.0 for the fiscal quarter ending on September 30, 1996; and (ii) 3.0 to 1.0 for each fiscal quarter thereafter ending on December 31, June 30 or September 30 and 3.5 to 1.0 for each fiscal quarter thereafter ending on March 31.


More Definitions of Funded Debt Coverage Ratio

Funded Debt Coverage Ratio means, at any time, the ratio of (i) Funded Debt of the Borrower and its Subsidiaries on a consolidated basis at such time to (ii) EBITDA for the twelve-month period then ended.
Sample 1
Funded Debt Coverage Ratio means, as of the last day of any fiscal quarter of Interface, the ratio of (A) Funded Debt as of such day, to (B) the sum of Consolidated Adjusted EBITDA for the fiscal quarter then ending and the immediately preceding three fiscal quarters.
Sample 1
Funded Debt Coverage Ratio means, as of the end of any fiscal quarter, the ratio of (a) Consolidated Funded Debt as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such date. Results of The Nordic Group or any other Person acquired from time to time may be included in computing this ratio to the extent the Company has furnished audited financial statements therefor for the most recent fiscal year and interim financial statements thereafter prepared in accordance with GAAP on a consistent basis for the period of four consecutive fiscal quarters ending on, or most recently ended prior to, such period.
Sample 1
Funded Debt Coverage Ratio of any Person means, with respect to the applicable Covenant Computation Period, the ratio of (i) such Person's Cash Flow Available for Funded Debt to (ii) such Person's Funded Debt.
Sample 1
Funded Debt Coverage Ratio means the ratio of Funded Debt as of the last day of the relevant period to Cash Flow for the relevant period. For purposes of calculating the Funded Debt Coverage Ratio as of the last day of each of Borrower's first and fourth fiscal quarters, there shall be excluded from Funded Debt an amount equal to the amount that the outstanding principal balance of the Term Loan on the last day of each such respective fiscal quarter exceeds the amount of the Term Loan Commitment as of (a) May 1 of such year for calculations as of the last day of Borrower's first fiscal quarter, and (b) May 1 of the following year for calculations as of the last day of Borrower's fourth fiscal quarter.
Sample 1
Funded Debt Coverage Ratio means the ratio of (a) Funded Debt to (b) Cash Flow (calculated for purposes of this covenant before incomes taxes), plus cash paid during the relevant period for Capital Expenditures and dividends.
Sample 1

Related to Funded Debt Coverage Ratio

  • Debt Coverage Ratio means the ratio of Consolidated Indebtedness to Consolidated EBITDA.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Interest Coverage Ratio means, as at any date, the ratio of (a) EBITDA for the period of four consecutive fiscal quarters ending on or most recently ended prior to such date to (b) Interest Expense for such period.

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four prior fiscal quarters ending on such date to (b) Consolidated Interest Charges for such period.

  • Asset Coverage Ratio means the ratio, determined on a consolidated basis, without duplication, in accordance with GAAP, of (a) the Value of total assets of the Borrower and its Subsidiaries, less all liabilities (other than Indebtedness, including Indebtedness hereunder) of the Borrower and its Subsidiaries, to (b) the aggregate amount of Indebtedness of the Borrower and its Subsidiaries.

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Cash Interest Coverage Ratio With respect to any Loan for any Relevant Test Period, either (a) the meaning of “Cash Interest Coverage Ratio” or comparable definition set forth in the Underlying Instruments for such Loan, or (b) in the case of any Loan with respect to which the related Underlying Instruments do not include a definition of “Cash Interest Coverage Ratio” or comparable definition, the ratio of (i) EBITDA to (ii) Cash Interest Expense of such Obligor with respect to the applicable Relevant Test Period, as calculated by the Borrower and Collateral Manager in good faith.

  • Unencumbered Interest Coverage Ratio means the ratio of (a) the Unencumbered Adjusted NOI to (b) the Unsecured Interest Expense for the immediately preceding calendar quarter.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Consolidated Coverage Ratio means as of any date of determination, with respect to any Person, the ratio of (x) the aggregate amount of Consolidated EBITDA of such Person for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements are in existence to (y) Consolidated Interest Expense for such four fiscal quarters, provided, however, that:

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • Coverage Ratio As to any one or more of the Combined Leased Properties, the ratio of the EBITDARM generated by such Combined Leased Property(ies) to Base Rent allocable thereto under the applicable Combined Leases, in each case for the four (4) full calendar quarters ending not less than sixty (60) days prior to the occurrence of a Section 16.10.3.1

  • Consolidated Fixed Charge Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA to (b) Consolidated Fixed Charges, in each case, for the most recently completed four (4) fiscal quarters.

  • Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Company most recently ended on or prior to such date.

  • Fixed Charges Coverage Ratio means, at any time, the ratio of (a) Consolidated Income Available for Fixed Charges for the period of four consecutive fiscal quarters ending as of the most recent fiscal quarter ended prior to such time to (b) Consolidated Fixed Charges for such period.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Fixed Charge Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated EBITDA of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect (in accordance with Regulation S-X under the Securities Act) to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter reference period. In addition, for purposes of calculating the Fixed Charge Coverage Ratio:

  • First Lien Leverage Ratio means, on any date, the ratio of (a) Consolidated First Lien Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.