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Senior Debt to EBITDA Ratio definition

Senior Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (i) Senior Debt as of such day to (ii) EBITDA for the Computation Period ending on such day.
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 the ratio of (x) all Senior Debt to (y) EBITDA.

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 Senior Debt to EBITDA Ratio may not exceed 3.00 to 1.00 as of any testing date.

  • 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).


More Definitions of Senior Debt to EBITDA Ratio

Senior Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of
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 the ratio of Senior Debt to EBITDA.
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, for any Person, as at the end of --------------------------- any Fiscal Quarter, the ratio of (a) its Senior Debt as at such date to (b) its EBITDA for the four Fiscal Quarter period then ending.
Senior Debt to EBITDA Ratio means, as at any date, the ratio of the following:
Senior Debt to EBITDA Ratio means as of the last day of any Fiscal Quarter, the ratio of: (i) all Funded Debt of Parent and its Subsidiaries as of such day to (ii) EBITDA for the Computation Period ending on such day (other than Debt of the type described in clause (iii) of the definition of Subordinated Debt).