Senior Debt to EBITDA Ratio definition

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.

Senior Debt to EBITDA Ratio means, for any period of calculation, the result of the aggregate principal amount of the Senior Loans outstanding as of the last day of such period divided by EBITDA for such period.

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

Examples of Senior Debt to EBITDA Ratio in a sentence

• All interest and fees payable hereunder which are to be adjusted as a result of a change in the Consolidated Senior Debt to EBITDA Ratio and a corresponding change in the Margin, shall be adjusted effective on the first day of the Fiscal Quarter following the Fiscal Quarter in which the Compliance Certificate is delivered (or which is due to be delivered) which indicates that a change in the Consolidated Senior Debt to EBITDA Ratio has occurred which requires a change to such interest and fees.

• The Borrowers, on a Modified Consolidated Basis, will ensure that the Senior Debt to EBITDA Ratio determined as at the last day of each Fiscal Quarter is not greater than 1.50:1 in respect of the immediately preceding Four Quarter Period.

• The Borrower, on a Modified Consolidated Basis, will ensure that the Senior Debt to EBITDA Ratio determined as at the last day of each Fiscal Quarter is not greater than set forth in table below in respect of the immediately preceding Four Quarter Period.

• The effective date on which any change in interest rates on Canadian Prime Rate Loans, U.S. Base Rate Loans and LIBOR Based Loans, standby fees, stamping fees or Issuance Fees occurs will be the earlier of: (i) the third Banking Day following the receipt by the Agent of the Compliance Certificate which evidences a change in the Consolidated Senior Debt to EBITDA Ratio: and (ii) the date such Compliance Certificate is due in accordance with Section 14.1(g).

• On the Computation Date, the Senior Debt to EBITDA Ratio, which is required to be not more than ____ to 1.0 was __ to 1.0, as computed in the supporting documents attached hereto as Schedule 2.

More Definitions of Senior Debt to EBITDA Ratio

Senior Debt to EBITDA Ratio means the ratio of (i) Senior Debt to (ii)

Senior Debt to EBITDA Ratio means the ratio of Senior Debt to EBITDA.

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

Senior Debt to EBITDA Ratio means, as of any date of determination, a ratio, the numerator of which shall equal Senior Debt as of such date and the denominator of which shall equal Consolidated EBITDA for the four quarter period ending on such date.

Senior Debt to EBITDA Ratio means, as of any date, the ratio of (a) all Indebtedness of the Company and its Subsidiaries which is not contractually subordinated to other Indebtedness or obligations of such Persons, on a consolidated basis, as of the date of determination, to (b) EBITDA for the period of four fiscal quarters ending on the date of determination.

Senior Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Senior Debt as of such day minus the sum of cash and Cash Equivalent Investments of the Loan Parties on deposit in accounts for which a control agreement in favor of Agent to the extent required by Section 7.15 has been executed and is in effect (excluding from such deduction the portion of such cash and Cash Equivalents that is in excess of $15,000,000) to (b) Adjusted EBITDA for the Computation Period ending on such day.

Senior Debt to EBITDA Ratio means, as of any date of determination, the ratio of (a) the aggregate principal amount of the Obligations outstanding with respect to the Revolving Loans and the Tranche A Term Loans as of such date of determination, TO (b) EBITDA of the Borrower and its consolidated Subsidiaries for the trailing twelve-month period ending on the last day of the fiscal quarter immediately preceding such date of determination.