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.

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

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.

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 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.
For the purposes of determining the Consolidated Senior Debt to EBITDA Ratio, the Consolidated Total Debt to EBITDA Ratio or monetary threshold herein expressed in Canadian Dollars, any amounts denominated in United States Dollars shall be the Equivalent Amount thereof in Canadian Dollars for the purposes of determining such ratio or such threshold, unless the context otherwise requires.
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).
The Senior Debt to EBITDA Ratio may not exceed 3.00 to 1.00 as of any testing date.

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 as of any date of determination, the ratio of (a) Senior Debt as of such date to (b) Consolidated EBITDA for the four preceding fiscal quarters then ending.

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 the last day of any month, 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, as at any date, the ratio of the following:

Senior Debt to EBITDA Ratio means, in respect of any period, for the Borrower on a consolidated basis (excluding the Oncology Subsidiary), the ratio of (i) Net Total Debt minus Subordinated Debt (including the IQ Subordinated Debt), to (ii) EBITDA.

Senior Debt to EBITDA Ratio means as of the last day of any Fiscal Quarter, the ratio of: (i) all Funded Debt of the Borrower 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).