Senior Leverage Ratio definition

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, on any date, the ratio of (a) Senior Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Parent Borrower ended on such date (or, if such date is not the last day of a fiscal quarter, ended on the last day of the fiscal quarter of the Parent Borrower most recently ended prior to such date for which financial statements are available).

Senior Leverage Ratio means, as of any date, the ratio of (a) Senior Debt as of such date to (b) Operating Cash Flow for the four (4) quarter period then ended or most recently ended.

Examples of Senior Leverage Ratio in a sentence

• The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

• If such compliance certificate is not delivered on the last date for delivery thereof, it shall be assumed that the Consolidated Senior Leverage Ratio as of the end of such fiscal quarter was greater than 4.00 to 1.00.

• With respect to any period during which any Permitted Acquisition occurs as permitted pursuant to the terms hereof, for purposes of determining compliance or Pro Forma Compliance with the covenants set forth in Sections 6.11, 6.12, 6.13 and 6.14, the Interest Coverage Ratio, Fixed Charge Coverage Ratio, Leverage Ratio and Senior Leverage Ratio shall be calculated with respect to such periods and such Permitted Acquisition on a Pro Forma Basis.

• The Borrowers shall not at any time permit the Senior Leverage Ratio, calculated as of the end of each fiscal quarter, to exceed 3.00 to 1.00.

• With respect to any Loan, the Net Senior Leverage Ratio for such Loan on the date of the related Approval Notice.

More Definitions of Senior Leverage Ratio

Senior Leverage Ratio means, the ratio as of the last day of any Fiscal Quarter of (i) Consolidated Senior Debt as of such day to (ii) Consolidated Adjusted EBITDA for the four-Fiscal Quarter period ending on such date.

Senior Leverage Ratio means, as of any time the same is to be determined, the ratio of Senior Consolidated Debt at such time to Consolidated EBITDA for the four most recently completed fiscal quarters of the Company.

Senior Leverage Ratio means the ratio as of the last day of any Fiscal Quarter of (i) Consolidated Total Senior Debt as of such day to (ii) Consolidated Adjusted EBITDA for the four-Fiscal Quarter ending on such date (as determined in accordance with Section 6.8(f)).

Senior Leverage Ratio means, at any date of determination, the ratio of Consolidated Senior Indebtedness on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date.

Senior Leverage Ratio means, at any date, the ratio of:

Senior Leverage Ratio means, as of the last day of any Fiscal Quarter, the ratio of

Senior Leverage Ratio means, as of any date of determination, for the Credit Parties and their Subsidiaries on a Consolidated basis, the ratio of (i) Senior Funded Debt on such date minus unrestricted cash and Cash Equivalents in an aggregate amount not to exceed $5,000,000 held by the Credit Parties on such date and determined on a consolidated basis in accordance with GAAP to (ii) Consolidated EBITDA for the four (4) consecutive fiscal quarters ending on such date.