Indebtedness to Adjusted EBITDA Ratio definition

Indebtedness to Adjusted EBITDA Ratio as of any date of determination means the ratio of (i) Consolidated Indebtedness as of such date to (ii) Adjusted EBITDA.
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Indebtedness to Adjusted EBITDA Ratio means the ratio of Indebtedness to Adjusted EBITDA as determined and calculated in accordance with Section 10.3.
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Indebtedness to Adjusted EBITDA Ratio means the ratio of Indebtedness to Adjusted EBITDA as determined and calculated in accordance with Section 11.4.
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Examples of Indebtedness to Adjusted EBITDA Ratio in a sentence

  • The Board of Directors of TV Azteca may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided, however, that immediately after giving effect to such designation (x) TV Azteca could Incur US$1.00 of additional Indebtedness under the Indebtedness to Adjusted EBITDA Ratio set forth in Section 4.08(a) hereof and (y) no Event of Default shall have occurred and be continuing.

  • The Borrower shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly, Incur any Indebtedness unless, on the date of such Incurrence and after giving effect thereto, (A) no Default shall have occurred and be continuing and (b) the Indebtedness to Adjusted EBITDA Ratio at the date of such Incurrence, calculated on a pro forma basis to take into account the Incurrence of the Indebtedness proposed to be Incurred, is no more than 3.0 to 1.0.

  • The Issuer will not, and will not permit any of its Restricted Subsidiaries to, Incur any Indebtedness unless, after giving effect to the incurrence of such Indebtedness and the receipt and application of the proceeds therefrom, the Indebtedness to Adjusted EBITDA Ratio would be greater than zero and less than or equal to 4.25 on the date of such Incurrence.

  • Borrowers will not permit or suffer the Combined Funded Indebtedness to Adjusted EBITDA Ratio to be greater than (a) 2.25 to 1.0 for the Test Period ending September 30, 2014 or any Test Period ending as of the end of any Fiscal Quarter thereafter prior to the Fiscal Quarter ending March 31, 2015 or (b) 2.00 to 1.0 for the Test Period ending March 31, 2015 or any Test Period ending as of the end of any Fiscal Quarter thereafter.

  • Maximum Total Indebtedness to Adjusted EBITDA Ratio _________ In Compliance Yes/No SCHEDULE 1 TO EXHIBIT 4.8(C) COMPLIANCE CERTIFICATE OPINION RESEARCH CORPORATION ORC INC.

  • Permit the Consolidated Indebtedness to Adjusted EBITDA Ratio to exceed 4.0:1.0.

  • The Company will not permit the Funded Indebtedness to Adjusted EBITDA Ratio, as of the last day of each fiscal quarter, commencing on December 31, 2016, to be greater than 3.0 to 1.0.

  • In addition to the foregoing, the obligations of the Lenders to make the initial Loans and to issue or cause to be issued Letters of Credit on the Closing Date is subject to the condition that the Senior Indebtedness to Adjusted EBITDA Ratio (as provided in subsection 4.6) is less than 2.4.

  • The Parent shall not permit any Restricted Subsidiary to Incur, directly or indirectly, any Indebtedness or Preferred Stock unless, on the date of such Incurrence and after giving effect to such Incurrence and the application of the net proceeds therefrom, the Indebtedness to Adjusted EBITDA Ratio of the Parent would be equal to or less than 7.00:1 but not less than zero.

  • The Parent will not Incur, directly or indirectly, any Indebtedness unless, on the date of such Incurrence and after giving effect to such Incurrence and the application of the net proceeds therefrom, the Indebtedness to Adjusted EBITDA Ratio of the Parent would be equal to or less than 7.00:1 but not less than zero.


More Definitions of Indebtedness to Adjusted EBITDA Ratio

Indebtedness to Adjusted EBITDA Ratio. Investment," "Net Available Cash," "Net Cash Proceeds," "Non-Recourse Debt," "Permitted Business," "Permitted Investment," "Permitted Liens," "Qualified Proceeds," "Refinance," "Refinancing Indebtedness," "Restricted Payment," "Senior Indebtedness," "Site Management Contract," "Temporary Cash Investments," "Tower Asset Exchange," "Tower Assets" and "Tower EBITDA" are hereby deleted in their entirety.
Sample 1
Indebtedness to Adjusted EBITDA Ratio is defined to mean as of any date of determination the ratio of (i) the aggregate amount of Indebtedness of the Issuer and its Restricted Subsidiaries on a consolidated basis as of such date of determination to (ii) Adjusted EBITDA for the period of the most recently completed four consecutive fiscal quarters for which quarterly or annual financial statements of the Issuer are available; provided, however, that (a) if since the beginning of such period the Issuer or any Restricted Subsidiary shall have made any Asset Sale, Adjusted EBITDA for such period shall be reduced by an amount equal to the Adjusted EBITDA (if positive) attributable to the assets which were the subject of such Asset Sale for such period or increased by an amount equal to the Adjusted EBITDA (if negative) attributable thereto for such period, (b) if since the beginning of such period the Issuer or any Restricted Subsidiary (by merger or otherwise) shall have made an Investment in any Restricted Subsidiary (or any Person which becomes a Restricted Subsidiary) or an acquisition of assets, including any Investment in a Restricted Subsidiary or any acquisition of assets occurring in connection with a transaction causing a calculation to be made hereunder, Adjusted EBITDA for such period shall be calculated after giving effect thereto (including the Incurrence of any Indebtedness) as if such Investment or acquisition occurred on the first day of such period and (c) if since the beginning of such period any Person (that subsequently became a Restricted Subsidiary or was consolidated with or merged with or into the Issuer or any Restricted Subsidiary since the beginning of such period) shall have made any Asset Sale, Investment or acquisition of assets that would have required an adjustment pursuant to clause (a) or (b) above if made by the Issuer or a Restricted Subsidiary during such period, Adjusted EBITDA for such period shall be calculated after giving effect thereto as if such Asset Sale, Investment or acquisition occurred on the first day of such period. For purposes of this definition, whenever effect is to be given to an acquisition of assets, the amount of income or earnings relating thereto and any Indebtedness Incurred in connection therewith, the calculations will be determined in good faith by a responsible financial or accounting officer of the Issuer.
Sample 1
Indebtedness to Adjusted EBITDA Ratio means, as of any date of determination, the ratio of (1) Indebtedness of the Borrower on a consolidated basis on that date, to (2) Adjusted EBITDA for the then most recently concluded period of four consecutive fiscal quarters.
Sample 1

Related to Indebtedness to Adjusted EBITDA Ratio

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Adjusted EBITDA means, for any period, an amount determined for Borrower and its Subsidiaries on a consolidated basis equal to Consolidated Net Income for such period, plus, (i) to the extent deducted in determining Consolidated Net Income for such period, the sum, without duplication of amounts for:

  • Total Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of that day minus the lesser of (i) Unrestricted Cash and (ii) $5,000,000 to (b) EBITDA for the Computation Period ending on that day.

  • Adjusted Consolidated EBITDA means, for any Computation Period, Consolidated EBITDA for such Computation Period adjusted by giving effect on a pro forma basis to Acquisitions and dispositions completed during such Computation Period.

  • Secured Indebtedness Leverage Ratio means, with respect to any Person, at any date, the ratio of (1) the Consolidated Total Indebtedness of such Person that is secured by a Lien on any assets of such Person and its Restricted Subsidiaries as of such date of calculation (determined on a consolidated basis in accordance with IFRS) less the amount of cash, Cash Equivalents and debt service reserve accounts in excess of any Restricted Cash held by such Person and its Restricted Subsidiaries as of such date of determination to (2) Consolidated EBITDA of such Person for the four full fiscal quarters for which internal financial statements are available immediately preceding such date on which such additional Indebtedness is incurred. In the event that the specified Person or any of its Subsidiaries which are Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Secured Indebtedness Leverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Secured Indebtedness Leverage Ratio is made (the “Secured Indebtedness Leverage Ratio Calculation Date”), then the Secured Indebtedness Leverage Ratio will be calculated giving pro forma effect (as determined in good faith by a responsible accounting or financial officer of the Company) to such incurrence, assumption, guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom; provided that the Company may elect pursuant to an Officer’s Certificate delivered to the Trustee to treat all or any portion of the commitment under any Indebtedness as being incurred at such time, in which case any subsequent incurrence of Indebtedness under such commitment shall not be deemed, for purposes of this calculation, to be an incurrence at such subsequent time. In addition, for purposes of calculating the Secured Indebtedness Leverage Ratio:

  • Net Debt to EBITDA Ratio means the ratio of Net Debt to EBITDA for the then most recently concluded fiscal year, subject to adjustments for Asset Dispositions and investments made during the period.

  • Consolidated EBITDAX means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Total Consolidated Indebtedness means, as of any date of determination, an amount equal to the aggregate amount of all Indebtedness of the Company and its Restricted Subsidiaries, determined on a Consolidated basis in accordance with GAAP, outstanding as of such date of determination, after giving effect to any Incurrence of Indebtedness and the application of the proceeds therefrom giving rise to such determination.

  • Consolidated EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Total Funded Indebtedness means, at any date, the aggregate principal amount of all Funded Indebtedness of Holdings and its Restricted Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date that is secured on a first lien basis by assets or properties of Holdings or any Subsidiaries to (b) Consolidated EBITDA of Holdings and its Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Funded Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Adjusted Debt means, as of any date, the sum of (i) all Adjusted Indebtedness of the Company and its Subsidiaries on a Consolidated basis on such date and (ii) (x) Rent Expense for the four consecutive fiscal quarter period ended immediately prior to such date or then ending in respect of which financial statements have been delivered pursuant to Section 7.1(a) or 7.1(b) multiplied by six (6).

  • Debt to Equity Ratio means the ratio of the value of liabil- ities to equity, calculated according to s. 126.13 (6) (c) 2.