Funded Debt to Adjusted EBITDA Ratio definition

Funded Debt to Adjusted EBITDA Ratio means, for any Computation Period, the ratio of (i) Funded Debt as of the last day of such Computation Period to (ii) Adjusted EBITDA for such Computation Period.
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Funded Debt to Adjusted EBITDA Ratio means, as of any date of determination, the ratio of Funded Debt as of the last day of the testing period to the total of Borrower's Adjusted EBITDA for the twelve month period ending on the last day of such testing period.
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Funded Debt to Adjusted EBITDA Ratio means, at any time, with respect to the Borrower on a consolidated basis, the ratio of (i) Funded Debt at such time, to (ii) Adjusted EBITDA for the four most recently completed fiscal quarters.
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Examples of Funded Debt to Adjusted EBITDA Ratio in a sentence

  • The Parent will as of the last day of each calendar quarter maintain the Total Funded Debt to Adjusted EBITDA Ratio at not more than 3.25 to 1.00.

  • The Borrower shall maintain a maximum Funded Debt to Adjusted EBITDA Ratio, tested on a rolling twelve month basis, in the corresponding quarter of each year as follows: Compliance with this covenant shall be determined on a rolling twelve month basis and shall be measured commencing as of the Fiscal Quarter ended March 31, 2019.

  • Commencing with the fiscal quarter beginning on October 1, 2020, the Funded Debt to Adjusted EBITDA Ratio is less than 3.00:1.00; provided however that for the first two fiscal quarters immediately following a Material Acquisition, the Borrower will ensure that the Funded Debt to Adjusted EBITDA Ratio is less than 3.50:1.00 at the end of each such fiscal quarter.

  • Pursuant to Section 5.9(b) of the Credit Agreement, the Total Funded Debt to Adjusted EBITDA Ratio as of the Reporting Date was ____ to 1.00, which ¨ satisfies ¨ does not satisfy the requirement that such amount be not greater than 2.25 to 1.00 as of such date.

  • The Comerica Credit Agreement requires us to comply with certain financial covenants, including a Fixed Charge Coverage Ratio and a Funded Debt to Adjusted EBITDA Ratio (each as defined in the Comerica Credit Agreement).


More Definitions of Funded Debt to Adjusted EBITDA Ratio

Funded Debt to Adjusted EBITDA Ratio means the ratio of the Borrower’s Funded Debt to its Adjusted EBITDA, on a consolidated basis.
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Funded Debt to Adjusted EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Funded Debt as of such day to (b) Adjusted EBITDA for the Computation Period ending on such day. GAAP means generally accepted accounting principles set forth from time to time in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar functions of comparable stature and authority within the U.S. accounting profession), which are applicable to the circumstances as of the date of determination.
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Funded Debt to Adjusted EBITDA Ratio. Interest Coverage Ratio," "LC Fee Rate" and "Senior Funded Debt to Adjusted EBITDA Ratio" are amended in their entirety to read as follows, respectively:
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Funded Debt to Adjusted EBITDA Ratio means, at any time, the ratio of (a) Funded Debt at such time to (b) Adjusted EBITDA for the Computation Period ending on the last day of the most recent Fiscal Quarter with respect to which the Company has delivered financial statements.
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Funded Debt to Adjusted EBITDA Ratio means a ratio in which the first number
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Funded Debt to Adjusted EBITDA Ratio has the meaning set forth in Section 6.12.3.
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Funded Debt to Adjusted EBITDA Ratio means, for any Computation Period, the ratio of (i) Funded Debt as of the last day of such Computation Period to (ii) Adjusted EBITDA for such Computation Period; provided that (a) for the Computation Period ending on June 30, 2001, Adjusted EBITDA shall be multiplied by three; and (b) for the Computation Period ending on September 30, 2001, Adjusted EBITDA shall be reduced by $898,000 and then multiplied by 1.714."
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