Net Leverage Ratio definition

Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower for such Test Period.
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Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.
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Net Leverage Ratio means, as of the end of any Fiscal Quarter, the ratio of (i) Net Funded Debt outstanding as of the end of such Fiscal Quarter to (ii) Trailing EBITDA as of the end of such Fiscal Quarter.
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Examples of Net Leverage Ratio in a sentence

  • As of the last day of each fiscal quarter of the Lead Borrower (commencing with the fiscal quarter ending on or about December 31, 2024), not permit the First Lien Net Leverage Ratio to exceed 3.00 to 1.00 (the “Maximum Leverage Financial Covenant”).

  • The Borrower shall not, and shall not permit any Material Subsidiary to, make or enter into any Acquisition, other than Permitted Acquisitions, provided, in connection with any Permitted Acquisition for which there is any cash consideration, the Net Leverage Ratio is less than 3.50:1.00 on a pro forma basis immediately after giving effect to such Acquisition.

  • For purposes of determining the Secured Net Leverage Ratio and the Total Net Leverage Ratio, the amount of Indebtedness and cash and Cash Equivalents shall reflect the currency translation effects, determined in accordance with GAAP, of Secured Swap Obligations permitted hereunder for currency exchange risks with respect to the applicable currency in effect on the date of determination of the Dollar Equivalent of such Indebtedness.

  • Permit the Consolidated Net Leverage Ratio to exceed 4.00 to 1.00 for the Measurement Period ending June 30, 2023 and any Measurement Period ending thereafter.

  • Holdings will not permit the Total Net Leverage Ratio as of the last day of any fiscal quarter to be greater than 3.75:1.00 (such maximum ratio, the “Maximum Total Net Leverage Ratio”).


More Definitions of Net Leverage Ratio

Net Leverage Ratio means, with respect to any Loan Asset for any Relevant Test Period, the meaning of “Net Leverage Ratio” or any comparable definition in the Loan Agreement for each such Loan Asset, and in any case that “Net Leverage Ratio” or such comparable definition is not defined in such Loan Agreement, the ratio of (a) Indebtedness minus Unrestricted Cash to (b) EBITDA.
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Net Leverage Ratio has the meaning assigned to such term in Section 6.18(a).
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Net Leverage Ratio means the ratio of net financial liabilities (sum of interest-bearing loans and borrowings, current and non-current, less cash and cash equivalents) to Adjusted EBITDA (LTM).
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Net Leverage Ratio means the ratio of Net Interest Bearing Debt to EBITDA.
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Net Leverage Ratio means at any date, the ratio of (a) Consolidated Total Net Indebtedness on such date to (b) EBITDA for the four fiscal quarters ended immediately prior to such date for which internal financial statements are available.
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Net Leverage Ratio means, for any particular period, the ratio of (i) Net Debt at the last day of such Fiscal Quarter to (ii) Rolling EBITDA for such period.
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Net Leverage Ratio means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, the ratio of
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