Total Indebtedness Ratio definition

Total Indebtedness Ratio means, as at any date, the ratio of (a) Total Indebtedness on such date to (b) EBITDA for the period of four fiscal quarters ending on or most recently ended prior to such date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Total Indebtedness Ratio means, as of the last day of any fiscal quarter, the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four quarters ending on such day.

Total Indebtedness Ratio means, as of the last day of any fiscal quarter, the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four quarters ending on such day; provided that in any event the Total Indebtedness Ratio (i) shall exclude Existing Accounts Receivables Facilities (including similar replacement or successor facilities in respect thereof) in an aggregate amount up to $3,100,000,000 in the event they are accounted for as liabilities on the GAAP balance sheet of the Measurement Entities as of an applicable quarter end (other than as a result of additional Guarantees or other credit support provided in respect thereof) and (ii) shall include Indebtedness that is accounted for as liabilities on the GAAP balance sheet of the Measurement Entities as of the Effective Date (including refinancings or replacements thereof) even if subsequently no longer reported as a liability on the GAAP balance sheet of the Measurement Entities (the provisions in clauses (i) and (ii), the “Exclusion Rules”).

Examples of Total Indebtedness Ratio in a sentence

The Borrower will not permit the Total Indebtedness Ratio on any date to be greater than the ratio set forth below opposite the period during which such date falls: From the Fourth Restatement Effective Date through and including June 29, 2010 7.50 to 1.00 From June 30, 2010 through and including December 30, 2012 7.25 to 1.00 From December 31, 2012 and at all times thereafter 7.00 to 1.00.
Notwithstanding the foregoing, if the Total Indebtedness Ratio as of the most recently delivered financial statements pursuant to Section 5.01(a) or 5.01(b), recomputed on a pro forma basis for such Asset Sale or Recovery Event, is less than 2.00 to 1.00, the proceeds of such Asset Sale or Recovery Event will not be subject to or included in the calculation of amounts required to be prepaid pursuant to this sub-clause (y).
The Borrower will not permit the Total Indebtedness Ratio on any date to be greater than 7.00 to 1.00.
Each Obligor will not permit the Total Indebtedness Ratio on the last day of any fiscal quarter to exceed 3 to 1.
The Borrower will not permit the Total Indebtedness Ratio as at the last day of any fiscal quarter to exceed (i) 4.50 to 1 for the period from the Effective Date through ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇) 4.25 to 1 for the period following March 31, 2012 through December 31, 2012 and (iii) 4.00 to 1 at any time after December 31, 2012.
Cash Flow to Total Indebtedness Ratio................................
The Company covenants and agrees that so long as any Lender shall have any obligation hereunder and until payment in full of all of the Obligations, unless the Requisite Lenders shall otherwise give prior written consent thereto: Consolidated Total Indebtedness Ratio.
The Borrowers will not permit the Total Indebtedness Ratio to exceed 3.504.25 to 1 at any time.
The Required Lenders hereby waive the Borrower’s compliance with the Total Indebtedness Ratio required under Section 6.05(a) of the Credit Agreement as at the last day of the fiscal quarter ending September 30, 2013 and any Default or Event of Default arising from the failure to so comply with such Total Indebtedness Ratio as at such date, solely to the extent such failure to comply results from the incurrence of Indebtedness in an aggregate principal amount of not more than $4,500,000,000.
The Borrowers will not permit the Total Indebtedness Ratio to exceed 3.50 to 1 at any time.

More Definitions of Total Indebtedness Ratio

Total Indebtedness Ratio. Permit, at the last day of any Test Period, the ratio of (i) Total Indebtedness as of such day to (ii) Gross Asset Value as of such day to exceed 0.60 to 1.00 (or 0.65 to 1.00 for a period not to exceed 270 consecutive days in the event that during the applicable period Kimco or one of the Consolidated Entities has incurred Indebtedness in connection with Major Acquisitions); provided that for the purpose of determining the foregoing ratio, there shall be excluded from the amount of Total Indebtedness the amount of Total Indebtedness that matures by its terms within 24 months after such date of determination, such exclusion to be limited, however, to the excess of (i) the dollar equivalent of the aggregate amount of Unrestricted Cash and Cash Equivalents then held by Kimco and the Consolidated Entities over (ii) $35,000,000.”

Total Indebtedness Ratio is amended to delete in its entirety the reference to "and the Applicable Prime Rate Margin," therein and to substitute in lieu thereof ", the Applicable Prime Rate Margin and the Applicable Unused Line Fee Rate,".

Total Indebtedness Ratio means, as at any date, the ratio of (a) Total Indebtedness outstanding on such date to Credit Agreement