Indebtedness Ratio definition

Indebtedness Ratio means, as of any date of determination, on a consolidated basis, the ratio of (a) Consolidated Indebtedness as of such date to (b) Net Worth as of such date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Indebtedness Ratio means: ConcoSidated Net Debt

Indebtedness Ratio means at any time, the aggregate amount of all obligations in respect of Moneys Borrowed other than Investor Capital and Subordinated Capital less an amount equal to the aggregate of (i) cash standing to an immediately available account and (ii) cash equivalent investments (pursuant to the IFRS), divided by the Total Capital;

Examples of Indebtedness Ratio in a sentence

For the avoidance of doubt, in determining the Guarantor Indebtedness Ratio, no cash or Cash Equivalents shall be included that are the proceeds of Indebtedness in respect of which the calculation of the Guarantor Indebtedness Ratio is to be made.
At any time thereafter, the Secured Indebtedness Ratio (expressed as a percentage) shall not exceed 52.5%.
Permit the Consolidated Secured Indebtedness Ratio (expressed as a percentage), as of the last day of any fiscal quarter of the Parent Guarantor, to be greater than 40%.
The Borrower will not permit the Total Indebtedness Ratio on any date to be greater than the ratio set forth below opposite the period during which such date falls: From the Fourth Restatement Effective Date through and including June 29, 2010 7.50 to 1.00 From June 30, 2010 through and including December 30, 2012 7.25 to 1.00 From December 31, 2012 and at all times thereafter 7.00 to 1.00.
Notwithstanding the foregoing, if the Total Indebtedness Ratio as of the most recently delivered financial statements pursuant to Section 5.01(a) or 5.01(b), recomputed on a pro forma basis for such Asset Sale or Recovery Event, is less than 2.00 to 1.00, the proceeds of such Asset Sale or Recovery Event will not be subject to or included in the calculation of amounts required to be prepaid pursuant to this sub-clause (y).

More Definitions of Indebtedness Ratio

Indebtedness Ratio means the ratio between the Trust’s Indebtedness and the Gross Book Value of the assets of the Trust;

Indebtedness Ratio means the ratio of the Obligors’ consolidated Indebtedness to the Obligors’ trailing twelve (12) month trailing EBITDA. “Indebtedness” means aggregate amount of outstanding loans and capital leases.

Indebtedness Ratio means, as at any Calculation Date, the ratio of (x) the Net Financial Debt for the relevant Testing Period preceding such Calculation Date of determination to (y) the EBITDA accrued during the relevant Testing Period. In the event that the Issuer incurs, assumes, guarantees, repays, repurchases, redeems, or otherwise discharges any Indebtedness subsequent to the commencement of the period for which the calculation of the Indebtedness Ratio is made, then the Indebtedness Ratio will be calculated giving Pro Forma effect (as determined in good faith by a responsible accounting or financial officer of the Issuer) to such incurrence, assumption, guarantee, repayment, repurchase, redemption or other discharge of Indebtedness, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable Testing Period.

Indebtedness Ratio means an amount equal to (i) Indebtedness divided by (ii) EBITDA (as set forth in the most recent audited financial statements of the Company from time to time).

Indebtedness Ratio means the ratio determined by dividing the aggregate principal amount of Outstanding Indebtedness of the Credit Group by the sum of (i) the aggregate principal amount of such Indebtedness and (ii) total Unrestricted Net Assets of the Credit Group. For purposes of this ratio, Indebtedness shall not include the principal amount of a guaranty unless the Credit Group has made a payment on such guaranty in the last three Fiscal Years prior to the time of such measurement.

Indebtedness Ratio means, with respect to any Test Period for any Person whose Base Credit Level Compliance is being determined, the ratio of Consolidated Indebtedness of such Person, on the last day of such Test Period, to Consolidated EBITDA for such Test Period; PROVIDED, HOWEVER, that for purposes of calculating the Indebtedness Ratio of the Company for any Test Period (i) Indebtedness of the Company on the last day of such Test Period shall be reduced by (a) the outstanding principal amount of all Arch Intercompany Loans if but only if, on the last day of such Test Period the obligor on such Arch Intercompany Loans (or the guarantor of payment thereof) is in Base Credit Level Compliance and (b) the cash balance of the Company and its Subsidiaries on the last day of such Test Period, and (ii) Consolidated EBITDA of the Company shall be increased by the amount of accrued interest recorded by the Company in respect of Arch Intercompany Loans if the obligor thereon is in Base Credit Level Compliance.

Indebtedness Ratio means the ratio of (i) the aggregate of all Indebtedness and letters of credit (that are not included in Indebtedness) outstanding on the date of calculation to (ii) EBITDA for the four fiscal quarters ending on the last day of the preceding fiscal quarter of the Borrower. For purposes of the calculation of the Indebtedness Ratio, EBITDA will change four times a year based on the financial statements delivered by the Borrower in accordance with Sections 8.01(a) and (b): 60 days following the end of the first three fiscal quarters of the Borrower and 120 days following the end fourth fiscal quarter. The numerator of such ratio will vary from time to time based on the outstanding Indebtedness and letters of credit.