Ratio of Total Funded Debt to EBITDA definition

Ratio of Total Funded Debt to EBITDA means, for any period of four consecutive fiscal quarters, the ratio of Total Funded Debt of the Credit Parties and their respective Subsidiaries at the close of that period to EBITDA of the Credit Parties and their respective Subsidiaries for that period, computed on a consolidated basis and determined in accordance with GAAP. For purposes of determining the Applicable Margin, the Applicable Fee Rate and the Applicable L/C Fee Rate, and for purposes of Section 5.01(g)(2) of this Agreement, the Ratio of Total Funded Debt to EBITDA shall be determined on the Closing Date on the basis of the consolidated Financial Statements of the Credit Parties and their respective Subsidiaries provided to the Lenders prior to the Closing Date for the preceding period of four (4) quarters ending December 31, 2003, and thereafter shall be redetermined and adjusted from and after the Closing Date as provided in the Pricing Schedule, except as provided below. Notwithstanding anything to the contrary in the Pricing Schedule, or in Section 5.01(g)(2), for purposes of determining the Applicable Margin, the Applicable Fee Rate, the Applicable L/C Fee Rate and compliance with Section 5.01(g)(2) of this Agreement and for purposes of determining satisfaction of the Qualifying Condition, the Ratio of Total Funded Debt to EBITDA shall be redetermined and adjusted as necessary on each New Acquisition Closing Date (or proposed New Acquisition Closing Date) on the basis of the consolidated Financial Statements of the Credit Parties and their respective Subsidiaries for the most recent period of four (4) calendar quarters that precedes the New Acquisition Closing Date provided to the Lenders pursuant to the requirements of Section 5.01(b) of this Agreement, but giving effect on a pro forma basis to any Additional EBITDA Amount, as provided in the definition of "EBITDA," and to changes in Total Funded Debt occurring as a result of the New Acquisition consummated on such New Acquisition Closing Date (a "New Acquisition Adjustment"), with prospective effect until the next adjustment is made pursuant to the Pricing Schedule, but no New Acquisition Adjustment shall be effective as to any Eurodollar Rate elected prior to the New Acquisition Date until the expiration of the Interest Period for which such Eurodollar Rate shall have been elected by the Company.
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Ratio of Total Funded Debt to EBITDA means, for any period, the ratio of Total Funded Debt of the Credit Parties and their respective Subsidiaries at the close of that period to EBITDA of the Credit Parties and their respective Subsidiaries for that period, computed on a consolidated basis and determined in accordance with GAAP. "Ratio of Total Senior Funded Debt" shall mean, with respect to the Credit Parties and their respective Subsidiaries for any period, the ratio of Total Senior Funded Debt of the Credit Parties and their respective Subsidiaries at the close of that period to EBITDA of the Credit Parties and their respective Subsidiaries for that period, computed on a consolidated basis and determined in accordance with GAAP. For purposes of determining the Applicable Spread, the Applicable LOC Fee Percentage and the Applicable Unused Commitment Fee and the ratios for which compliance is required pursuant to Section 5.01(g) of this Agreement, the Ratio of Total Funded Debt to EBITDA and the Ratio of Senior Funded Debt to EBITDA shall be determined on the Closing Date on the basis of the consolidated Financial Statements of the Credit Parties and their respective Subsidiaries provided to the Banks prior to the Closing Date for the preceding twelve (12) calendar month period ending June 30, 1997, and thereafter shall be redetermined and adjusted from and after the Closing Date as necessary as follows:
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Ratio of Total Funded Debt to EBITDA means, for any fiscal period of the Company, the ratio of Total Funded Debt of the Company at the close of that period to EBITDA of the Company for that period, computed and determined in accordance with GAAP; provided that, for purposes of calculating the Ratio of Total Funded Debt to EBITDA of the Company as of the end of each fiscal quarter ending after December 31, 2000, and prior to December 31, 2001, EBITDA shall be the Company's EBITDA for the period of all such fiscal quarters ending on such close, divided by the number of fiscal quarters which have then elapsed, and multiplied by four.
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Examples of Ratio of Total Funded Debt to EBITDA in a sentence

  • The applicable Ratio of Total Funded Debt to EBITDA for the Covenant Computation Date is _____ to 1.00.

  • As of the close of each fiscal quarter of the Company ending after the Closing Date, the Credit Parties and their respective Subsidiaries, for the period of the four consecutive fiscal quarters which end on such close, shall have a Ratio of Total Funded Debt to EBITDA of not greater than 3.50:1.

  • The Bank hereby waives the violation of the provisions of Section 6.01(g)(2) and 6.01(g)(3) of the Existing Agreement with respect to the Fixed Charge Coverage Ratio and the Ratio of Total Funded Debt to EBITDA, respectively, only for the period of four (4) consecutive quarters ending on December 1, 2001.

  • The Bank has received financial statements from the Company for the fiscal quarter ending May 30, 1998, which report that as of the close of such quarter, the Company, for the period of the four consecutive fiscal quarters which ended on May 30, 1998, had a Ratio of Total Funded Debt to EBITDA of 3.4 to 1.00, which therefore exceeded the 3.00 to 1.00 maximum ratio permitted under Subsection 6.01(g)(3).

  • As of the close of each fiscal quarter of the Company ending after the Closing Date, the Credit Parties and their respective Subsidiaries, for the period of the four consecutive fiscal quarters which end on such close, shall have a Ratio of Total Funded Debt to EBITDA of not greater than (i) 4.00:1 through June 29, 2002, (ii) 3.75:1 from June 30, 2002, through September 29, 2002, and (iii) 3.50:1 on September 30, 2002, and thereafter.

  • The Bank hereby waives the remedies available to the Bank on account of the violation of Section 6.0l(g)(3), bearing the heading Ratio of Total Funded Debt to EBITDA under the Affirmative and Negative Covenants of Borrower section of the Agreement, with respect to the Company's failure to meet this Ratio at May 27, 2000, and continuing through September 1, 2000.

  • Set forth on Schedule I attached hereto are all relevant facts in reasonable detail to evidence and to compute (A) the Ratio of Total Funded Debt to EBITDA of the Borrower and its Subsidiaries for purposes of establishing the appropriate Floating Rate Margin, Eurodollar Rate Margin and Unused Commitment Fee Percentage and (B) whether or not the Borrower is in compliance with the financial covenants referred to above.

  • It is noted that the tables defining Applicable Unused Commitment Fee Percentage and the Applicable Spread provide for a Ratio of Total Funded Debt to EBITDA greater than that which may be permissible under the terms of subsection 5.01(g) of this Agreement.

  • Ratio of Total Funded Debt to EBITDA" means, with respect to any period, the ratio of Total Funded Debt at the close of that period to EBITDA of the Company for that period.

  • As of the close of each fiscal quarter of the Company ending after the Closing Date, the Company, for the period of the four consecutive fiscal quarters which end on such close, shall have a Ratio of Total Funded Debt to EBITDA of not greater than (i) 3.00:1.00 until August 28, 1998; (ii) 2.50 from August 29, 1998, and thereafter.


More Definitions of Ratio of Total Funded Debt to EBITDA

Ratio of Total Funded Debt to EBITDA means, ------------------------------------ with respect to any period, the ratio of Total Funded Debt to EBITDA of the Company. For purposes of determining the Applicable Spread and
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Ratio of Total Funded Debt to EBITDA means, with respect to the Credit Parties and their respective Subsidiaries for any period, the ratio of Total Funded Debt at the close of that period to EBITDA for that period, computed on a consolidated basis and determined in accordance with GAAP. For purposes of determining the Applicable Spread and the Applicable Unused Commitment Fee, the Ratio of Total Funded Debt to EBITDA shall be determined on the Closing Date on the basis of the consolidated Financial Statements of the Credit Parties and their respective Subsidiaries provided to the Bank prior to the Closing Date for the preceding twelve (12) calendar month period ending June 30, 1997, and thereafter shall be redetermined and adjusted from and after the Closing Date as necessary as follows:
Sample 1
Ratio of Total Funded Debt to EBITDA means, for any period, the ratio of Total Funded Debt of the Credit Parties and their respective Subsidiaries at the close of that period to EBITDA of the Credit Parties and their respective Subsidiaries for that period, computed on a consolidated basis and determined in accordance with GAAP. For purposes of determining the Applicable Spread, the Applicable LOC Fee Percentage and the Applicable Unused Commitment Fee and the ratios for which compliance is required
Sample 1

Related to Ratio of Total Funded Debt to EBITDA

  • Funded Debt to EBITDA Ratio means on any date the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four consecutive Fiscal Quarters ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter most recently ended prior to such date).

  • Total Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of such day to (b) EBITDA for the Computation Period ending on such day.

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

  • 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.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Funded Debt Ratio means the ratio of (a) Funded Debt to (b) EBITDA.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • 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.

  • Senior Debt to EBITDA Ratio means, for any Four Quarter Period, the ratio of Senior Debt as at the last day of the applicable Four Quarter Period to EBITDA in respect of such Four Quarter Period.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • Total Funded Indebtedness means, at any date, the aggregate principal amount of all Funded Indebtedness of Holdings and its Restricted Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Company most recently ended on or prior to such date.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Total Debt Ratio means, at any time, the ratio of (i) Total Debt of the Company and its Subsidiaries on a combined consolidated basis as of such time to (ii) EBITDA for the four fiscal quarter period ending as of the last day of the most recently ended fiscal quarter as of such time.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Effective Leverage Ratio has the meaning set forth in the Statement.