Funded Indebtedness to EBITDA Ratio definition
Funded Indebtedness to EBITDA Ratio means, at any date, the ratio of (a) Funded Indebtedness for such date to (b) EBITDA for the period of four fiscal quarters ended on or most recently prior to such date.
Funded Indebtedness to EBITDA Ratio means, for the Domestic Borrower and its Subsidiaries on a consolidated basis, calculated as of any date of determination for the most recent twelve (12) month period after giving Pro Forma Effect to any Asset Acquisition made during such period, the ratio of Consolidated Funded Indebtedness to EBITDA.
Funded Indebtedness to EBITDA Ratio shall have the meaning ascribed to said term in Section 6.18 hereof.
Examples of Funded Indebtedness to EBITDA Ratio in a sentence
The Borrower will not permit the Funded Indebtedness to EBITDA Ratio, on the last day of any fiscal quarter, beginning with the fiscal quarter ending March 31, 2026, to be greater than 3.00 to 1.00.
More Definitions of Funded Indebtedness to EBITDA Ratio
Funded Indebtedness to EBITDA Ratio means, for Borrower and its Subsidiaries on a consolidated basis, calculated as of June 30, 2003, for the then-ending Fiscal Quarter, as of September 30, 2003, for the then-ending two (2) consecutive Fiscal Quarters, as of December 31, 2003, for the then-ending three (3) consecutive Fiscal Quarters and thereafter as of the end of any period of four (4) consecutive Fiscal Quarters of Borrower, the ratio of Funded Indebtedness as of the last day of such period to EBITDA for such period (with EBITDA calculated on an annualized basis for the covenant calculations made as of June 30, 2003, September 30, 2003 and December 31, 2003).
Funded Indebtedness to EBITDA Ratio means, for the Borrower and its Subsidiaries on a consolidated basis, calculated as of any date of determination for the period hereinafter specified, the ratio of Consolidated Funded Indebtedness to EBITDA. For purposes of calculating the Funded Indebtedness to EBITDA Ratio for any determination date through and including December 31, 2004, EBITDA shall be calculated for the Fiscal Year to date and annualized; thereafter, EBITDA shall be calculated for the Last Four Fiscal Quarters.
Funded Indebtedness to EBITDA Ratio means, with respect to Borrower on the last day of any fiscal quarter, the ratio, determined on a consolidated basis in accordance with GAAP, of (a) the sum of the Funded Indebtedness of Borrower at such time to (b) the EBITDA of Borrower for the consecutive four-quarter period which ended on the last day of such fiscal quarter; provided, however, that (i) for purposes of determining Borrower's Funded Indebtedness to EBITDA Ratio for the fiscal quarter period ending on June 30, 1998, EBITDA used in clause (b) shall be Borrower's EBITDA for the fiscal quarter period beginning on April 1, 1998 and ending on June 30, 1998 times four (4); (ii) for purposes of determining Borrower's Funded Indebtedness to EBITDA Ratio for the fiscal quarter period ending on September 30, 1998, EBITDA used in clause (b) shall be Borrower's EBITDA for the two fiscal quarter periods beginning on April 1, 1998 and ending on September 30, 1998 times two (2); and (ii) for purposes of determining Borrower's Funded Indebtedness to EBITDA Ratio for the fiscal quarter period ending on December 31, 1998, EBITDA used in clause (b) shall be Borrower's EBITDA for the three fiscal quarter periods beginning on April 1, 1998 and ending on December 31, 1998 times one and one-third (1 and 1/3).
Funded Indebtedness to EBITDA Ratio means, at any date, the ratio of (a) (i) Funded Indebtedness for such date plus (ii) LC Exposure for such date to (b) EBITDA for the most recent 4 fiscal quarters ending on such date; provided, that at March 31, 2016, June 30, 2016 and September 30, 2016, the period of calculation shall begin on January 1, 2016 and end on such date and the calculation then shall be annualized.
Funded Indebtedness to EBITDA Ratio means the ratio of (i) Indebtedness (a) in respect of money borrowed or (b) evidenced by a note, debenture or other like written obligation to pay money (both senior debt and Subordinated Debt) or (c) in respect of Capital Lease Obligations or (d) in respect of obligations or liabilities under conditional sales or other title retention agreements and (e) in respect of the balance of earnout associated with the HPI Direct Transaction to (ii) EBITDA, both for the period of measure. Notwithstanding the foregoing, for the Fiscal Quarters ending September 30, 2013, December 31, 2013, March 31, 2014 and June 30, 2014, the Funded Indebtedness to EBITDA Ratio shall be calculated by using in place of EBITDA in the above definition of Senior Funded Indebtedness to EBITDA Ratio, the combined EBITDA of Borrower and HPI Direct EBITDA, as follows:
Funded Indebtedness to EBITDA Ratio means the ratio of (i) Indebtedness (a) in respect of money borrowed or (b) evidenced by a note, debenture or other like written obligation to pay money (both senior debt and subordinated debt) or (c) in respect of Capital Lease Obligations or (d) in respect of obligations or liabilities under conditional sales or other title retention agreements and (e) in respect of the balance of any earnout associated with Acquisitions consummated prior to the Closing Date or any Permitted Acquisition to (ii) EBITDA, for the period of measure.
Funded Indebtedness to EBITDA Ratio at the end of any fiscal quarter shall mean the ratio of (a) Funded Indebtedness as of the last day of such fiscal quarter to (b) EBITDA for the four consecutive quarters ending on the last day of such fiscal quarter.