Senior Leverage Ratio means, on any date, the ratio of Total Debt less the sum of (a) the aggregate outstanding principal amount of the Senior Subordinated Notes plus (b) Available Cash on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.
Senior Leverage Ratio means, as of any date of determination, on a Pro Forma Basis, the ratio of (i) Senior Indebtedness of the Borrower and its Subsidiaries as of such date to (ii) Annualized EBITDA for the Borrower and its Subsidiaries for the most recently ended Test Period.
Senior Leverage Ratio means with respect to the Company and its Subsidiaries on a Consolidated basis for the most recently ended four full fiscal quarters twelve month period for which financial statements are available, the ratio of (a) Senior Debt of the Company and its Subsidiaries on a Consolidated basis on the last day of such period to (b) EBITDA for such period.
Examples of Senior Leverage Ratio in a sentence
Any draft legislation or similar governmental instrument reaches a final reading (or equivalent step) which, if enacted or otherwise brought into force, would or would reasonably be expected to have a Material Adverse Effect or result in the Senior Interest Cover Ratio or the Senior Leverage Ratio being less than the Default Ratios.
A Regulatory Authority gives Caruna Oy or Caruna Espoo (as applicable) notice of any proposed or actual modification to either of the Licences which has, or would reasonably be expected to have, a Material Adverse Effect or result in the Senior Interest Cover Ratio or the Senior Leverage Ratio being less than the Default Ratios.
More Definitions of Senior Leverage Ratio
Senior Leverage Ratio means, at any date, the ratio of:
Senior Leverage Ratio means, with respect to any period, the ratio of total consolidated Indebtedness (other than Subordinated Debt and L/C Obligations) as of the end of that period to EBITDA for that period.
Senior Leverage Ratio means, as of the end of any fiscal quarter of the Consolidated Parties for the four fiscal quarter period ending on such date with respect to the Consolidated Parties on a consolidated basis, the ratio of (a) Funded Indebtedness other than Subordinated Indebtedness of the Consolidated Parties on a consolidated basis on the last day of such period to (b) Consolidated EBITDA for such period.
Senior Leverage Ratio means, as of any date, the ratio of (a) the Senior Debt on such date to (b) Annualized Operating Cash Flow as of the end of the fiscal quarter being tested or the most recently completed fiscal quarter for which financial statements are required to have been delivered to the Banks pursuant to Section 6.1 or 6.2 hereof, as applicable.
Senior Leverage Ratio means, on any date of determination, the ratio of (a) the sum of (i) amount of Obligations outstanding under this Agreement and any other Loan Document plus (ii) amount of Capitalized Lease Obligations plus (iii) any other Indebtedness that is pari passu in payment or security with the Obligations outstanding under this Agreement and any other Loan Document, to (b) the Consolidated Adjusted EBITDA of the Loan Parties for the four consecutive fiscal quarter period ending prior to such date.
Senior Leverage Ratio means at any time the ratio of (a) Borrower's then Consolidated Senior Debt to (b) Borrower's EBITDAX; provided that for purposes of the foregoing calculation, EBITDAX for any Fiscal Quarter shall be deemed to be four times the EBITDAX for such Fiscal Quarter."
Senior Leverage Ratio has the meaning assigned to such term in Section 6.11(c).