Senior Funded Debt to EBITDA Ratio definition

Senior Funded Debt to EBITDA Ratio means, at any time, the ratio of (i) Senior Funded Debt at such time to (ii) EBITDA in the immediately preceding twelve (12) month period.

Senior Funded Debt to EBITDA Ratio means, with respect to Parent and its Subsidiaries, on a consolidated basis, the ratio of (a) Funded Debt as of any date of determination (including the closing balance of the Revolving Loan on the date of determination, but excluding any Funded Debt which is subordinated to the First Lien Loans), to (b) EBITDA for the twelve months ending on that date of determination.

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

Examples of Senior Funded Debt to EBITDA Ratio in a sentence

• Upon Lender’s receipt of Borrower’s quarterly financial statements required to be delivered to Lender pursuant to Section 4.2(b)(i) of the Loan Agreement, the Applicable LIBO Rate Margin will be subject to adjustment in accordance with the table set forth above based on the then applicable Senior Funded Debt to EBITDA Ratio, so long as no Default or Event of Default is existing as of applicable Determination Date or as of the effective date of adjustment.

• Nowadays an increasing amount of critical tasks are carried out using computer systems.

• Borrower shall pay Lender an Unused Facility Fee using a rate per annum based upon the Senior Funded Debt to EBITDA Ratio for Borrower’s most recent calendar quarter, multiplied by the average daily unused portion of the Revolving Loan evidenced by this Note.

• In addition, the Credit Facility requires us to maintain certain financial ratios, based on terms as defined in the Credit Facility, which, as of June 30, 2005, are as follows: (1) Total Funded Debt to EBITDA Ratio of a maximum of 4.75 to 1.0; (2) Senior Funded Debt to EBITDA Ratio of a maximum of 3.50 to 1.0; and (3) Fixed Charge Coverage Ratio of a minimum of 1.50 to 1.0. As of June 30, 2005, we are in compliance with these ratios.

• As of the last day of each Fiscal Quarter, the Borrower shall maintain the Senior Funded Debt to EBITDA Ratio, as determined on a Consolidated, rolling four quarter basis in accordance with IFRS, for the four Fiscal Quarters then ended, of less than 2.75 to 1.00.

More Definitions of Senior Funded Debt to EBITDA Ratio

Senior Funded Debt to EBITDA Ratio means the ratio of (a) Senior Funded Debt at the date of measurement to (b) EBITDA measured on a rolling 4 quarters basis.

Senior Funded Debt to EBITDA Ratio means, in respect of any applicable Person(s) as of any applicable date of determination for any applicable time of determination, all determined in accordance with GAAP and on a consolidated basis, the ratio of (a) the Senior Funded Debt of such Person(s) to (b) the sum of the EBITDA of such Person(s) for such period.

Senior Funded Debt to EBITDA Ratio means, as of the last day of a Fiscal Quarter, the ratio of Senior Funded Debt to EBITDA, and for the purposes of this Agreement, the ratio as of the Effective Date is acknowledged to be <2.0 to 1;

Senior Funded Debt to EBITDA Ratio means Funded Debt of the Consolidated Borrower divided by the EBITDA of the Consolidated Borrower.

Senior Funded Debt to EBITDA Ratio means (a) for the Computation Periods ending September 30, 1998 and December 31, 1998, the ratio of (i) Senior Funded Debt as of the last day of such Computation Period to (ii) the sum of (1) EBITDA for such Computation Period (multiplied, solely in the case of the Computation Period ending September 30, 1998, by 1.33) plus (2) the lesser of (A) $1,983,000 and (B) Recyc EBITDA for such Computation Period; (b) for the Computation Periods ending March 31, 1999 and June 30, 1999, the ratio of (i) Senior Funded Debt as of the last day of such Computation Period to (ii) the sum of (1) EBITDA for such Computation Period plus (2) Recyc EBITDA for such Computation Period; and (c) for any Computation Period ending thereafter, the ratio of (i) Senior Funded Debt as of the last day of such Computation Period to (ii) EBITDA for such Computation Period.

Senior Funded Debt to EBITDA Ratio means, as to Coolbrands and its Consolidated Subsidiaries for any period, the ratio of (i) Consolidated Senior Funded Debt (as of the last day of such period) to (ii) Consolidated EBITDA for such period. The Senior Funded Debt to EBITDA Ratio shall be measured and tested at the end of each fiscal quarter and, in the case of Consolidated EBITDA, for a period covering the four (4) fiscal quarters then ended.

Senior Funded Debt to EBITDA Ratio means the ratio of "Senior Funded Debt" to "EBITDA", with "Senior Funded Debt" defined as total funded unsubordinated indebtedness, according to GAAP and including capital leases, but excluding any indebtedness and capital leases of U.S. Trucking, Inc., of Borrowers, and "EBITDA" defined as (a) net income, after income taxes, determined in conformity with GAAP; plus (b) income taxes deducted in determining net income; plus (c) interest expense deducted in determining net income; plus (d) amortization and depreciation expenses deducted in determining net income; plus (e) other non-cash charges (excluding accruals in the normal course of business), deducted in determining net income.