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

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).

Examples of Gross Leverage Ratio in a sentence

• Notwithstanding anything to the contrary contained herein, financial ratios and tests (including the Total Gross Leverage Ratio) pursuant to this Indenture shall be calculated in the manner prescribed by this Section 1.05.

• A draft Bill should be prepared urgently to take forward the measures promised by the DCMS in 2013.

• Mr. Martin Ackley, Director, Public and Governmental Affairs; Ms. Ellen Lipton, Chairperson, State Board of Education Legislative Committee; and Dr. Judith Pritchett, Delegate, National Association of State Boards of Education; provided the State and Federal Legislative Update.

• The groups bankers (RMB) requires the group to adhere to certain covenants (Gross Leverage Ratio, Interest Cover Ratio and Collateral Cover Ratio) in terms of facilities granted.

• Gross Leverage Ratio Refinancing IndebtednessLess than or equal to$175,000,000Less than or equal to$200,000,000Less than or equal to$225,000,000Less than or equal to$250,000,000More than$250,000,000 Interest Coverage Ratio Refinancing IndebtednessLess than or equal to$175,000,000Less than or equal to$200,000,000Less than or equal to$225,000,000Less than or equal to$250,000,000More than$250,000,000 ANNEX BCredit Agreement Amendments CONFORMED THROUGH DRAFT AMENDMENT NO.

More Definitions of Gross Leverage Ratio

Gross Leverage Ratio means the ratio of (i) Indebtedness of the Company and its Subsidiaries calculated on a consolidated basis as of the last day of the relevant fiscal quarter of the Company to (ii) Adjusted EBITDA for the four (4) most recently completed fiscal quarters of the Company (including the relevant fiscal quarter).

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 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.

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

Gross Leverage Ratio. “New DB Lender” (d)The first sentence of Section 2.2 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 2.2

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