Gross Leverage Ratio definition

Gross Leverage Ratio. ’ means the total amount of outstanding Gross Financial Debt on a consolidated basis divided by “Adjusted EBITDA”. This measure offers to the reader a view about the capacity of the Group to generate enough resources to repay the Gross Financial Debt.

Gross Leverage Ratio means, in respect of any Relevant Period, the ratio of Total Debt on the last day of that Relevant Period to EBITDA in respect of that Relevant Period (for the purpose of Clause 23.15 (Dividends) only, in the case of the Ultimate Parent, the Total Debt and EBITDA shall be calculated on a consolidated basis of the Group).

Gross Leverage Ratio means the ratio, determined as of the end of each of the Company’s Fiscal Quarters, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDAR for the period of four (4) consecutive Fiscal Quarters ending with the end of such Fiscal Quarter, all calculated for the Company and its Subsidiaries on a consolidated basis.

Examples of Gross Leverage Ratio in a sentence

• Permit the Consolidated Total Gross Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Parent Borrower to exceed the 3.75 to 1.00.

• The Company shall ensure that the Drawn Super Senior Gross Leverage Ratio in respect of each Relevant Period, shall not exceed 0.75:1.

• On the Funding Date, the Borrower and its Restricted Subsidiaries shall be in compliance, on a Pro Forma Basis, with a Total Gross Leverage Ratio of not greater than 8.00:1.00.

• Until the Trigger Date, the Sponsor shall maintain the Gross Leverage Ratio to be less than 3.50:1 and shall calculate such ratio as at each Calculation Date and thereafter this Section 10.2(e) shall have no further application.

• The Company shall ensure that the Drawn Gross Leverage Ratio in respect of each Relevant Period, shall not exceed 0.75:1.

More Definitions of Gross Leverage Ratio

Gross Leverage Ratio has the meaning given to that term in Clause 22.1 (Financial definitions).

Gross Leverage Ratio means, as of any date of determination, a ratio of (i) Consolidated Funded Debt to (ii) Consolidated EBITDA for the four-quarter period then ended.

Gross Leverage Ratio means, as at any Calculation Date, the ratio of:

Gross Leverage Ratio means, at any date of determination, the ratio of Consolidated Total Debt (after giving effect to the application of the proceeds of an initial public offering by the Parent or the Borrower of its common Equity Interests) of the Parent and its Subsidiaries at such date to Adjusted EBITDA of the Parent and its Subsidiaries for the Measurement Period most recently completed on or prior to such date.

Gross Leverage Ratio the ratio, as of any date, of (a) Consolidated Debt, divided by (b) Consolidated Debt plus Consolidated Tangible Net Worth.

Gross Leverage Ratio. ’ means the total amount of outstanding Gross Financial Debt on a consolidated basis divided by “Adjusted EBITDA”. This measure offers to the reader a view about the

Gross Leverage Ratio. “New DB Lender”