Pro Forma RP Coverage Ratio definition
Pro Forma RP Coverage Ratio means, on the date of any Restricted Payment proposed to be made pursuant to Section 6.08(a)(v)(B), the ratio of (a) Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date minus the amount of such proposed Restricted Payment and any other Restricted Payments made during such period pursuant to Section 6.08(a)(v) to (b) Consolidated Cash Interest Expense for such period.
Pro Forma RP Coverage Ratio means, on the date of any Restricted Payment proposed to be made pursuant to clause (v)(B) above, the ratio of (I) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date minus the amount of such proposed Restricted Payment and any other Restricted Payments made during such period pursuant to clause (v) above to (II) Consolidated Fixed Charges for such period. "Base QPI" shall mean up to $250,000,000 of outstanding principal amount of Qualifying Parent Indebtedness, which shall be the initial $250,000,000 of Qualifying Parent Indebtedness issued (and shall include that portion of any particular issuance that, when taken together with any Base QPI already outstanding, would not cause Base QPI to exceed $250,000,000). In the event any Base QPI is permanently repaid, the Parent may, by written notice to the Agent, specifically designate other issues (or specified portions thereof) of Qualifying Parent Indebtedness as Base QPI in such amounts as will not result in Base QPI exceeding $250,000,000. Any Qualifying Parent Indebtedness deemed to be Base QPI or designated as Base QPI pursuant to the foregoing will continue to constitute Base QPI so long as such Qualifying Parent Indebtedness is outstanding.
Examples of Pro Forma RP Coverage Ratio in a sentence
For purposes hereof, "Pro Forma RP Coverage Ratio" shall mean, on the date of any Restricted Payment proposed to be made pursuant to clause (v)(B) above, the ratio of (I) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date minus the amount of such proposed Restricted Payment and any other Restricted Payments made during such period pursuant to clause (v) above to (II) Consolidated Fixed Charges for such period.