Projected Leverage Ratio definition
Projected Leverage Ratio means, at any date of determination, the ratio of (a) Indebtedness for borrowed money of Borrower projected to be outstanding on such date (provided that, with respect to any Indirect Affiliate Indebtedness, outstanding Indebtedness for borrowed money of Borrower for purposes of this clause (a) shall include (i) during any period in which no breach, default, event of default or similar event under such Indirect Affiliate Indebtedness is continuing, only such scheduled interest, scheduled principal, fees and other amounts for which Borrower is liable under such Indirect Affiliate Indebtedness in accordance with the applicable Liability Allocation Agreement and (ii) during any period in which a breach, default, event of default or similar event under such Indirect Affiliate Indebtedness is continuing, all of such scheduled interest, scheduled principal, fees and other amounts for which Borrower is liable under such Indirect Affiliate Indebtedness (irrespective of the existence of, and without regard to, any Liability Allocation Agreement)) to (b) Projected Cash Flow Available for Debt Service for the immediately succeeding two Semi-Annual Periods; provided that any and all assumptions used in the calculation thereof shall be reasonably acceptable to Administrative Agent.
Projected Leverage Ratio means the ratio of (a) Total Funded Debt as of the Effective Date (after giving effect to the Loans disbursed to the Borrower and the HGC Loans disbursed to HGC on such date) to (b) Consolidated EBITDA for the Calculation Period commencing on the Calculation Date immediately following the Effective Date, determined on the basis of the Base Case Projections.
Projected Leverage Ratio means, with respect to any proposed Acquisition, the ratio of (a) Funded Indebtedness as projected to exist on the date of consummation of such Acquisition to (b) Consolidated Proforma EBITDA, taking into account the EBITDA of the Person to be acquired (or portion thereof attributable to the Person to be acquired), as calculated for the four (4) most recently completed fiscal quarters.
Examples of Projected Leverage Ratio in a sentence
Anything herein to the contrary notwithstanding, if (i) at the time of Borrower's consideration of a proposed Acquisition, the Loans outstanding are in excess of One Hundred Million Dollars ($100,000,000) or (ii) the Loans outstanding are projected to be or will be in excess of One Hundred Million Dollars ($100,000,000) upon the completion of such Acquisition, then Borrower shall calculate a Projected Leverage Ratio.
More Definitions of Projected Leverage Ratio
Projected Leverage Ratio means, at any date of determination, the ratio of (a) Indebtedness for borrowed money of Borrower projected to be outstanding on such date (provided that, for certainty, except for purposes of determining whether or not any Indebtedness would be permitted to be incurred under Section 9.1(a), the term “outstanding Indebtedness for borrowed money of Borrower” in this clause (a) shall not be construed to include any Indebtedness incurred pursuant to and in accordance with Section 9.1(b)) to (b) Projected Cash Flow Available for Debt Service for the immediately succeeding two Semi-Annual Periods; provided that any and all assumptions used in the calculation thereof shall be reasonably acceptable to Administrative Agent.
Projected Leverage Ratio means, in relation to any Calculation Date falling on or prior to the Final Maturity Date, the ratio of projected Senior Debt to projected Total Capitalisation on such date (such projections in each case being made in the reasonable judgment of an authorised officer of the Guarantor).
Projected Leverage Ratio is hereby amended by deleting the proviso contained in the parenthetical in clause (a) thereof and replacing it with the following proviso: “provided that, for certainty, except for purposes of determining whether or not any Indebtedness would be permitted to be incurred under Section 9.1(a), the term “outstanding Indebtedness for borrowed money of Borrower” in this clause (a) shall not be construed to include any Indebtedness incurred pursuant to and in accordance with Section 9.1(b)”; and