Pricing Ratio definition

Pricing Ratio on any date, the ratio of Consolidated Total Debt on such date to Annualized Borrower EBITDA for the fiscal quarter most recently ended prior to such date.

Pricing Ratio means, as of the last day of each fiscal quarter of the Borrower, the Leverage Ratio for the fiscal period consisting of such fiscal quarter of the Borrower and the three immediately preceding fiscal quarters of the Borrower.

Pricing Ratio means the Funded Debt to EBITDA Ratio.

Examples of Pricing Ratio in a sentence

• Each determination of the Pricing Ratio pursuant to this definition shall be made with respect to the fiscal quarter of the Borrower ending at the end of the period covered by the relevant financial statements.

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• For the avoidance of doubt, with respect to the fourth fiscal quarter of each year, the unaudited financial statements shall control for purposes of determining the Pricing Ratio until the date the audited annual financial statements are required to be delivered pursuant to Section 6.1(a), after which, such audited annual financial statements shall control.

• If any financial statements referred to above are not delivered within the time periods specified above, then, until such financial statements are delivered, the Pricing Ratio as at the end of the fiscal period that would have been covered thereby shall for the purposes of this definition be deemed to be greater than 4.25 to 1.

• Any change in the Applicable LIBOR Margin shall become effective on the first day of each Interest Period which begins three (3) or more days after receipt by the Banks of financial statements delivered pursuant to ss.6.4(a) or (b) hereof which indicate a change in the Pricing Ratio.

More Definitions of Pricing Ratio

Pricing Ratio means the ratio of Consolidated EBITDAR to the sum of Consolidated Interest Charges and Consolidated Rental Expense.

Pricing Ratio has the meaning set forth in Section 3.15(b).

Pricing Ratio means, for any period of four consecutive fiscal quarters, the ratio of Total Funded Debt as of the last day of such period divided by Adjusted EBITDA for the four fiscal quarters then ended.

Pricing Ratio means the ratio of (i) all Adjusted Indebtedness of the Company and its Subsidiaries to (ii) EBITDA.”

Pricing Ratio on the date of any determination thereof, the ratio of (a) Consolidated Total Debt on such date, less the amount of cash and Cash Equivalents in excess of $5,000,000 held by the Borrower and its Subsidiaries on such date to (b) Consolidated EBITDA of the Borrower and its Subsidiaries for the four full fiscal quarters ending on such date; provided that for purposes of calculating Consolidated EBITDA of the Borrower and its Subsidiaries for any period of four full fiscal quarters, the Consolidated EBITDA of any Person acquired by the Borrower or its Subsidiaries which upon such acquisition becomes a Consolidated Subsidiary or is merged into the Borrower or a Subsidiary (including, without limitation, Xxxxxx and its Subsidiaries) during such period shall be included on a pro forma basis for such period of four full fiscal quarters (assuming the consummation of each such acquisition and the incurrence or assumption of any Indebtedness in connection therewith occurred on the first day of such period of four full fiscal quarters and assuming only such cost reductions as are related to such acquisition and are realizable on or before the date of calculation) if the consolidated balance sheet of such acquired Person and its consolidated Subsidiaries as at the end of the period preceding the acquisition of such Person and the related consolidated statements of income and stockholders' equity and of cash flows for such period (i) have been previously provided to the Administrative Agent and the Lenders and (ii) either (A) have been reported on without a qualification arising out of the scope of the audit (other than a "going concern" or like qualification or exception) by independent certified public accountants of nationally recognized standing or (B) have been found acceptable by the Administrative Agent." Amendment to Subsection 7.1 (Financial Condition Covenants). Subsection 7.1 is hereby amended as follows:

Pricing Ratio means, as at the last day of any fiscal quarter of the Company, the Pro Forma Ratio of (a) Funded Debt as at such day to (b) Consolidated Cash Flow for the period of four fiscal quarters ending on such day.

Pricing Ratio means the Total Liabilities to Tangible Net Worth Ratio.