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.

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.

Funded Debt to Adjusted EBITDA Ratio means the ratio of Funded Debt to Adjusted EBITDA calculated in accordance with Section 11.1.

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.

• 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.

• Not permit the Funded Debt to Adjusted EBITDA Ratio of any Computation Period, as measured on the last day of each Fiscal Quarter, to exceed (i) 2.75 to 1.00 for such Computation Period on June 30, 2007, September 30, 2007 and December 31, 2007, (ii) 2.50 to 1.00 for such Computation Period on March 31, 2008, June 30, 2008, September 30, 2008 and December 31, 2008 and (iii) 2.25 to 1.00 for such Computation Period on March 31, 2009 and on the last day of each Fiscal Quarter thereafter.

• 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 3.50 to 1.00.

• 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, as of any date of determination, the ratio of Funded Debt on such date to Adjusted EBITDA for the twelve (12) month period ending on such date.

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.

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.

Funded Debt to Adjusted EBITDA Ratio means, in respect of any applicable Person(s) and as of any applicable date of determination, the ratio of (i) Funded Debt of such Person(s) as of such date of determination to (ii) Adjusted EBITDA of such Person(s) for the four (4) fiscal quarter period ending as of such date of determination.

Funded Debt to Adjusted EBITDA Ratio has the meaning set forth in Section 6.12.3.

Funded Debt to Adjusted EBITDA Ratio means the ratio of Funded Debt as of the end of such Fiscal Quarter to Adjusted EBITDA for the twelve (12) month period ending at the end of such Fiscal Quarter. “Funded Debt” means all Indebtedness plus the undrawn amount of all issued and outstanding letters of credit of Borrower and its Subsidiaries minus any Indebtedness permitted by Section 7.8.10.

Funded Debt to Adjusted EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (i) Funded Debt as of such day to (ii) Adjusted EBITDA for the Computation Period ending on such day."