Leverage Multiple definition

Leverage Multiple means, with respect to any Collateral Obligation for the most recent relevant period of time for which the Borrower has received the financial statements of the relevant Obligor, the ratio of (i) Indebtedness of the relevant Obligor (other than Indebtedness of such Obligor that is junior in terms of payment or lien subordination (including unsecured Indebtedness) to Indebtedness of such Obligor held by the Borrower) less unrestricted cash of the relevant Obligor to (ii) EBITDA of such Obligor.

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Leverage Multiple means, with respect to any Collateral Obligation for the most recent relevant period of time for which the Borrower has received the financial statements of the relevant Obligor, the ratio of (i) Indebtedness of the relevant Obligor (other than Indebtedness of such Obligor that is junior in terms of payment or lien subordination (including unsecured Indebtedness) to Indebtedness of such Obligor held by the Borrower) less unrestricted cash of the relevant Obligor to (ii) EBITDA of such Obligor (as such calculation may be updated in connection with a modification of such Collateral Obligation described in clause (j) of the definition of “Material Modification”).

Leverage Multiple means, as of any date, the ratio of (A) the Row Advance Rate in effect on such date over (B) 1 minus the Row Advance Rate in effect on such date.

Examples of Leverage Multiple in a sentence

• Intermediate Holdings will not permit the Senior Leverage Ratio, as of the last day of each fiscal quarter ending after the Effective Date, to exceed the then applicable Senior Leverage Multiple.

• Intermediate Holdings will not permit the Total Leverage Ratio, as of the last day of each fiscal quarter ending after the Effective Date, to exceed the then applicable Total Leverage Multiple.

• Following the occurrence of any other Revaluation Event including another 1.0x increase in the Leverage Multiple (after the occurrence of the first Revaluation Event as described above), the Facility Agent in its sole discretion shall determine the Discount Factor of the applicable Collateral Obligation.

• Concurrently with the delivery of the financial statements pursuant to Sections 5.1(a), 5.1(b) and 5.1(c), Company shall prepay Loans in an amount equal to 100% of the amount by which (x) the Consolidated Total Debt as of the date of such financial statements exceeds (y) Consolidated Adjusted EBITDA for the twelve-month period ending on the last day of fiscal month for which such financial statements were prepared, multiplied by the then applicable Leverage Multiple.

More Definitions of Leverage Multiple

Leverage Multiple means, with respect to any Collateral Obligation for the most recent relevant period of time for which the applicable Loan Party has received the financial statements of the relevant Obligor, the ratio of (i) Indebtedness of the relevant Obligor (other than Indebtedness of such Obligor that is junior in terms of payment or lien subordination (including unsecured Indebtedness) to Indebtedness of such Obligor held by the Borrower) less unrestricted cash of the relevant Obligor to (ii) EBITDA of such Obligor as calculated by the Servicer in accordance with the Servicing Standard using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant Obligor as per the requirements of the related Underlying Instruments.

Leverage Multiple means 2.0.

Leverage Multiple means (i) 2.5 for any day during the period beginning on March 31, 2010 and ending on December 31, 2010, (ii) 2.25 for any day during the period beginning on January 1, 2011 and ending on June 30, 2011, and (iii) 2.0 for any day on and after July 1, 2011.

Leverage Multiple means, as of any date, the ratio of (A) the Row Advance Rate in effect on such date over (B) 1 minus the Row Advance

Leverage Multiple means, with respect to any Collateral Obligation for the most recent relevant period of time for which the Borrower has received the financial statements of the relevant Obligor, the ratio of (i) Indebtedness of the relevant Obligor and its subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP) (other than Indebtedness that is junior in terms of payment or lien subordination (including unsecured Indebtedness) to Indebtedness of such Obligor and its subsidiaries held by the Borrower) less unrestricted cash of the relevant Obligor and its subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP) to (ii)(x) if such Collateral Obligation is a Multiple of Recurring Revenue Loan, Revenue of such Obligor or (y) otherwise, EBITDA of such Obligor.

Leverage Multiple means, as of any date of determination in any Fiscal Quarter indicated below, the correlative number indicated below: December 31, 2015 5.25:1.00 March 31, 2016 5.25:1.00 June 30, 2016 5.25:1.00 September 30, 2016 5.25:1.00 December 31, 2016 5.25:1.00 March 31, 2017 5.00:1.00 June 30, 2017 4.75:1.00 September 30, 2017 4.50:1.00 December 31, 2017 4.50:1.00 March 31, 2018 4.50:1.00 June 30, 2018 4.25:1.00 September 30, 2018 4.25:1.00 December 31, 2018 4.00:1.00 March 31, 2019 4.00:1.00 June 30, 2019 3.75:1.00 September 30, 2019 3.75:1.00 December 31, 2019 3.75:1.00 March 31, 2020 3.75:1.00 June 30, 2020 3.25:1.00 September 30, 2020 3.25:1.00 December 31, 2020 and each Fiscal Quarter ending thereafter 3.25:1.00

Leverage Multiple means, with respect to any Collateral Obligation for the most recent relevant period of time for which the Borrower has received the financial statements of the relevant