Total Debt Leverage Ratio definition

Total Debt Leverage Ratio means, for the most recently ended fiscal quarter of the Borrower, the ratio of (a) Consolidated Total Debt to (b) Consolidated EBITDAX for the Test Period ending on such date (in each case, after giving pro forma effect to transactions contemplated in such period as set forth in the definition of “Consolidated EBITDAX” during such Test Period, as if such transaction or event occurred on the first day of the Test Period).

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Total Debt Leverage Ratio means, at any time and determined on a consolidated basis, the ratio of Total Debt to EBITDA (determined with respect to the most recently-completed two financial quarters of the Parent Guarantor on an annualized basis).

Total Debt Leverage Ratio means, as of the last day of each fiscal quarter of the Borrower, the ratio of Consolidated Funded Indebtedness to Consolidated EBITDA (computed for the four fiscal quarters then ending).

Examples of Total Debt Leverage Ratio in a sentence

Agent and Documentation Agent shall have received a certificate executed by a Responsible Officer of each Credit Party, in form and substance satisfactory to Agent and Documentation Agent, certifying that as of the Amendment No. 2 Effective Date, after giving effect to the additional Term Loan A to be made on the Amendment No. 2 Effective Date, the Total Debt Leverage Ratio of the Credit Parties on a consolidated basis is not greater than 3.00 to 1.00.
Agent and Documentation Agent shall have received a certificate executed by a Responsible Officer of each Credit Party, in form and substance satisfactory to Agent and Documentation Agent, certifying that as of the Amendment No. 1 Effective Date, after giving effect to the additional Term Loan A to be made on the Amendment No. 1 Effective Date, the Total Debt Leverage Ratio of the Credit Parties on a consolidated basis is not greater than 2.00 to 1.00.
Maximum Total Debt Leverage Ratio...................................................
The Company will not permit the Consolidated Total Debt Leverage Ratio to be greater than 2.5 to 1.0 at any time.
The Company will not at any time permit the Consolidated Total Debt Leverage Ratio to be greater than (a) 3.0 to 1.0 from the Second Amendment Effective Date through December 31, 2009, and (b) 2.75 to 1.0 from January 1, 2010 and thereafter.

More Definitions of Total Debt Leverage Ratio

Total Debt Leverage Ratio means, as of any date of its ------------------------- determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

Total Debt Leverage Ratio as of the last day of any Test Period, the ratio of (a)(i) Total Debt as of such date minus (ii) the aggregate amount of Unrestricted Cash as of such date, to (b) Consolidated EBITDA of the Borrower for such four consecutive fiscal quarters.

Total Debt Leverage Ratio as of any date of determination, the ratio of Total Debt as of such date of determination (including any Indebtedness proposed to be incurred on such date of determination and the use of proceeds thereof) to (b) EBITDAX as of the last day of the most recently ended period of four consecutive fiscal quarters preceding such date of determination for which financial statements under subsection 7.1(a) or 7.1(b) are available.

Total Debt Leverage Ratio means, at any time, the ratio of: (A) the amount of Indebtedness of Lessee and Guarantors outstanding at such time to (B) EBITDA for the most recently ended four fiscal quarters.

Total Debt Leverage Ratio as of the last day of any period of four consecutive fiscal quarters, the ratio of (a) (i) Total Debt as of such date minus (ii) the aggregate amount of Unrestricted Cash in excess of $40,000,000 included on the consolidated balance sheet of Holdings and its Subsidiaries as of such date, to (b) Consolidated EBITDA of the Intrawest Group Members for such period.

Total Debt Leverage Ratio means the ratio determined in accordance with Section 9.1 hereof.

Total Debt Leverage Ratio. Outstanding Indebtedness (Item 1) to EBITDA (Item 2) is ____________. ▇▇▇▇▇▇▇▇▇▇ ▇ Period Ending ____________ (All figures consolidated) Senior Debt Service Ratio