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, in respect of any Fiscal Quarter, on a Consolidated basis in respect of the Borrower, the ratio of (a) Senior Funded Debt at the end of such Fiscal Quarter, to (b) EBITDA in the fiscal period comprised of such Fiscal Quarter and the immediately preceding three (3) Fiscal Quarters.

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

• Within thirty (30) days after the close of each fiscal quarter, Credit Parties shall provide to the Bank a certificate showing the current Senior Funded Debt to EBITDA Ratio.

• 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.

• Changes in the Applicable LIBO Rate Margin resulting from changes in the Senior Funded Debt to EBITDA Ratio shall be determined as of the end of each fiscal quarter occurring during the term of the Loan Agreement (the end of each fiscal quarter being a “Determination Date”), the first change occurring with the fiscal quarter ending June 30, 2018, and based upon the Senior Funded Debt to EBITDA Ratio for the immediately preceding four fiscal quarters.

• As of September 30, 2001, (i) the Total Funded Debt to EBITDA Ratio was not less than 5.0:1.0 as required by Section 8.11(a) of the Credit Agreement and (ii) the Senior Funded Debt to EBITDA Ratio was not less than 3.3:1.0 as required by Section 8.11(b) of the Credit Agreement (the "September Defaults").

• As of June 30, 2001, (i) the Total Funded Debt to EBITDA Ratio was not less than 5.5:1.0 as required by Section 8.11(a) of the Credit Agreement and (ii) the Senior Funded Debt to EBITDA Ratio was not less than 3.5:1.0 as required by Section 8.11(b) of the Credit Agreement (the "June Defaults").

More Definitions of Senior Funded Debt to EBITDA Ratio

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 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 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

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 average daily closing balance of the revolving loans under the GE Credit Agreement for the thirty (30) day period ending on (and including) the date of determination), to (b) EBITDA for the twelve months ending on that date of determination.

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 Funded Debt of the Consolidated Borrower divided by the EBITDA of the Consolidated Borrower.

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.