Net Debt to EBITDA Ratio definition

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.

Net Debt to EBITDA Ratio means, on any date (the “transaction date”), the ratio of:

Net Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of

Examples of Net Debt to EBITDA Ratio in a sentence

• The Company will not, and will not permit any Subsidiary to, incur, directly or indirectly, any Indebtedness unless the pro forma Net Debt to EBITDA Ratio at the date of such incurrence is less than 3.00 to 1.00.

• The Loan Parties shall not permit the Net Debt to EBITDA Ratio, as of the last day of any Test Period ending after the Agreement Date (commencing with the Fiscal Quarter ending June 30, 2021), to be greater than [***].

• Permit the Consolidated Net Debt to EBITDA Ratio as of the end of any fiscal quarter of the Borrower to be greater than 3.50:1.0.

• Permit the Consolidated Net Debt to EBITDA Ratio as of the end of any fiscal quarter of the Company to be greater than 3.25:1.0; provided, however, that if an Acquisition Event shall have occurred during such fiscal quarter, the Company shall have the right to permit the Consolidated Net Debt to EBITDA Ratio to exceed 3.25:1.0, so long as (a) it does not exceed 3.50:1.0 and (b) it does not exceed 3.25: 1.0 for more than four (4) consecutive fiscal quarters.

More Definitions of Net Debt to EBITDA Ratio

Net Debt to EBITDA Ratio means, on any date of determination, the ratio of (a) Net Debt as of such date to (b) EBITDA for the most recently completed four fiscal quarters then ended of the Parent as of such date.

Net Debt to EBITDA Ratio for a particular period means the ratio of (i) a borrower’s Net Debt at the end of that period to (ii) such borrower’s EBITDA for that period.

Net Debt to EBITDA Ratio means at any date (i) Consolidated Net Indebtedness divided by (ii) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on or most recently prior to such date for which financial statements are available; provided, however, that:

Net Debt to EBITDA Ratio means the Net Debt as at the last day of any Relevant Period divided by the EBITDA of the same Relevant Period;

Net Debt to EBITDA Ratio means, as of any date of determination, the ratio of Net Aggregate Debt to Consolidated EBITDA, as of the end of the most recently ended fiscal quarter

Net Debt to EBITDA Ratio means the ratio set forth in Section 10.1 hereof.

Net Debt to EBITDA Ratio means, as of the last day of any Fiscal Semester of VCP, the ratio (expressed as a decimal) of: (a) its Net Debt as of such day to (b) EBITDA for the two most recent Fiscal Semesters ending on such date. For the purpose of clarification, the calculation of Net Debt to EBITDA Ratio (and all components thereof) shall be made using Brazilian GAAP.