Holdings Leverage Ratio definition

Holdings Leverage Ratio has the same meaning as “Leverage Ratio,” but for purposes of determining Total Indebtedness, substituting “Holdings” for “Borrower.”

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Holdings Leverage Ratio means, at any Measurement Date, the ratio of (x) Consolidated Debt of Holdings on such date to (y) Adjusted EBITDA of Holdings for the 12-month period (taken as one accounting period) ending on such date.

Holdings Leverage Ratio means, as of any date, the ratio of (a) Total Indebtedness plus the aggregate principal amount of Indebtedness of Holdings, in each case, as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date for which financial statements of Holdings are available. For purposes of calculating the Holdings Leverage Ratio with respect to any period during which any Specified Transaction occurs, the Holdings Leverage Ratio shall be calculated with respect to such period and such Specified Transaction (and all other Specified Transactions that have been consummated during such period) on a Pro Forma Basis.

Examples of Holdings Leverage Ratio in a sentence

Notwithstanding anything to the contrary herein, solely for purposes of determining the Leverage Ratio, Secured Leverage Ratio and Holdings Leverage Ratio, with respect to any period during which any Specified Transaction occurs, such ratios shall be calculated with respect to such period and such Specified Transaction (and all other Specified Transactions that have been consummated during such period) on a Pro Forma Basis.
Permit the US Holdings Leverage Ratio for the most recently completed Measurement Period to be greater than 5.5 to 1.0.
Notwithstanding anything to the contrary herein, solely for purposes of determining the Interest Expense Coverage Ratio, Leverage Ratio and Holdings Leverage Ratio, with respect to any period during which any Specified Transaction occurs, such ratios shall be calculated with respect to such period and such Specified Transaction (and all other Specified Transactions that have been consummated during such period) on a Pro Forma Basis.
Holdings shall not permit the Holdings Leverage Ratio as at the end of any fiscal quarter to be greater than (i) 4.00 to 1.00 for any fiscal quarter ending in 1998 or 1999 and (ii) 3.50 to 1.00 for any fiscal quarter ending in 2000 and thereafter.
For each period commencing on an Adjustment Date ----------------- through the date immediately preceding the next Adjustment Date (each a "Rate Adjustment Period"), the Applicable Margin shall be the applicable margin set forth below with respect to Holdings' Leverage Ratio, as determined for the fiscal period of the Borrower and its Subsidiaries ending immediately prior to the applicable Rate Adjustment Period.
For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "Rate Adjustment Period"), the Applicable Margin shall be the applicable margin set forth below with respect to Holdings' Leverage Ratio, as determined for the fiscal period of the Borrower and its Subsidiaries ending immediately prior to the applicable Rate Adjustment Period.
Notwithstanding anything herein to the contrary, when calculating the US Holdings Leverage Ratio, the Swap Termination Value of all Swap Contracts then outstanding shall be excluded from the calculation of US Holdings Funded Debt.
Set forth on Annex A are the calculation of the OpCo Interest Coverage Ratio, the OpCo Leverage Ratio, the US Holdings Interest Coverage Ratio and the US Holdings Leverage Ratio as of ______________, 20___, including detail regarding the factors taken into account in determining the Pro Forma Effect of any Qualifying Project on Covenant Cash Flow.
If Holdings' Leverage Ratio at the end of any Fiscal Year is equal to or greater than 1.00 to 1.00 (determined by reference to the Compliance, Pricing and Excess Cash Certificate delivered pursuant to Section 4.5(m) for such Fiscal Year), commencing with the Fiscal Year ended December 31, 2004, within five (5) Business Days after such certificate is required to be delivered, Borrower shall prepay the Loans in an amount equal to the Excess Cash for such Fiscal Year.

More Definitions of Holdings Leverage Ratio

Holdings Leverage Ratio means, on any date, the ratio of (a) Total Indebtedness on such date minus Unrestricted Cash on such date to (b) Consolidated EBITDA for the most recently ended fiscal quarter of Holdings for which financial statements are required to have been delivered pursuant to Section 5.01(a) or 5.01(c) multiplied by four; provided that, solely for the purpose of calculating the Holdings Leverage Ratio, (i) each reference to “the Borrower” in the terms “Total Indebtedness” and “Unrestricted Cash” will be deemed to be a reference to “Holdings”, (ii) each reference to “the Restricted Subsidiaries” in the terms “Total Indebtedness” and “Unrestricted Cash” will be deemed to be a reference to “its subsidiaries (other than Unrestricted Subsidiaries)” and (iii) each reference to “Consolidated Net Income” in the definition of the term “Consolidated EBITDA” will be deemed to be a reference to “Holdings Consolidated Net Income”.

Holdings Leverage Ratio the Leverage Ratio (as such term is defined in the Existing Holdings Notes Indenture as in effect on the Closing Date without giving effect to any amendment or modification thereto).

Holdings Leverage Ratio means, as of any date of determination, the ratio of (a) Funded Debt on such date to (b) EBITDA for the period of 12 months (or four fiscal quarters, as the case may be) ended on such date, of Holdings and its Subsidiaries on a consolidated basis, as determined in accordance with GAAP.

Holdings Leverage Ratio as at the last day of any period of four consecutive fiscal quarters, the ratio of (a) Consolidated Holdings Total Debt on such day to (b) Consolidated EBITDA for such period.”