Total Indebtedness to EBITDA Ratio means, as of the end of any fiscal quarter, the ratio of (a) Total Indebtedness as of such date, to (b) EBITDA calculated for the four consecutive fiscal quarters then ending, on a consolidated basis for the Company and its Subsidiaries in accordance with Agreement Accounting Principles.
Total Indebtedness to EBITDA Ratio means with respect to the Borrower, the ratio of (x) the Borrower’s Total Indebtedness, minus an amount of cash and Cash Equivalents held by the Borrower and its Restricted Subsidiaries as of the date of determination not exceeding $250.0 million, to (y) the Borrower’s EBITDA for the applicable Measurement Period. For purposes of making the computation referred to above, if any Specified Transaction has been made by the Borrower or any of its Restricted Subsidiaries during the Measurement Period or subsequent to the Measurement Period and on or prior to the date of determination of the Total Indebtedness to EBITDA Ratio, the Total Indebtedness to EBITDA Ratio shall be calculated on a pro forma basis assuming that all such Specified Transactions (and the change in EBITDA resulting therefrom) had occurred on the first day of the Measurement Period. If, since the beginning of such Measurement Period, any Person became a Restricted Subsidiary or was merged with or into the Borrower or any of its Restricted Subsidiaries and, since the beginning of such Measurement Period, such Person shall have made any Specified Transaction that would have required adjustment pursuant to the immediately preceding sentence if made by the Borrower or a Restricted Subsidiary since the beginning of such Measurement Period, then the Total Indebtedness to EBITDA Ratio shall be calculated giving pro forma effect thereto for such period as if such Specified Transaction had occurred at the beginning of such Measurement Period. For purposes of this definition, whenever pro forma effect is to be given to any Specified Transaction (including the Transactions and the 2011 Transactions), the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Borrower and may include, for the avoidance of doubt, cost savings, operating expense reductions and synergies (including revenue synergies, those related to new business and customer wins, the modifications or renegotiation of contracts and other arrangements and pricing adjustments and increases (in each case, net of any costs or expenses to implement or achieve the foregoing)) resulting from or related to any such Specified Transaction (including the Transactions and the 2011 Transactions) which is being given pro forma effect that have been or are expected to be realized and for which the actions necessary to realize such cost savings, reductions and synergies are taken or expected to be taken ...
Total Indebtedness to EBITDA Ratio means, as of the last day of any fiscal quarter, the ratio of (i) Total Indebtedness as of such day, to (ii) EBITDA for the Computation Period ending on such day.
Examples of Total Indebtedness to EBITDA Ratio in a sentence
The Company will at all times maintain, on a consolidated basis, a Total Indebtedness to EBITDA Ratio of not more than 3.00 to 1.00.
SHELL EXPLORATION & PRODUCTION COMPANY SHELL GLOBAL SOLUTIONS (US) INC.
The Borrowers shall provide evidence of the Consolidated Total Indebtedness to EBITDA Ratio to the Agent and the Banks within twenty days of the end of each fiscal quarter.
If reasonably required by ACS for the performance of the Services, Symetra shall provide ACS with reasonable access to Symetra’s administrative, technical and other similar personnel and network management records and information.
After giving effect to the consummation of the transactions contemplated by the Convertible Debt Documents, the Total Indebtedness to EBITDA Ratio shall not exceed 3.50 to 1.00 (it being understood that for purposes of making such calculation, the Indebtedness under the Senior Notes shall not be included in the definition of Consolidated Total Indebtedness, to the extent set forth in such definition as amended by this First Amendment).
More Definitions of Total Indebtedness to EBITDA Ratio
Total Indebtedness to EBITDA Ratio means, at any date, the ratio of (a) Consolidated Indebtedness as at such date to (b) EBITDA for the four consecutive fiscal quarters then most recently ended, except that for purposes of this definition there shall be excluded from Consolidated Indebtedness (i) all Indebtedness of the Company and its Subsidiaries (without duplication) in respect of Preferred Securities Agreements and (ii) the lesser of (x) the aggregate outstanding amount of Borrowing Facility Indebtedness on such date and (y) the then Maximum Amount.
Total Indebtedness to EBITDA Ratio means the ratio of Consolidated Total Indebtedness to Consolidated EBITDA. Transferor Bank shall mean the selling Bank pursuant to an Assignment and Assumption Agreement.
Total Indebtedness to EBITDA Ratio means, as of any date of determination, the ratio of (x) Total Indebtedness outstanding on such day to (y) EBITDA on such day.
Total Indebtedness to EBITDA Ratio means, at any date, the ratio of (a) Consolidated Indebtedness as at such date to (b) pro forma EBITDA for the four consecutive fiscal quarters then most recently ended.
Total Indebtedness to EBITDA Ratio means the ratio of Consolidated Total Indebtedness to Consolidated Adjusted EBITDA. Transferor Bank shall mean the selling Bank pursuant to an Assignment and Assumption Agreement. UCC Collateral shall have the meaning assigned to such term in Section 1.1 of Schedule A. USA Patriot Act shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, as the same has been, or shall hereafter be, renewed, extended, amended or replaced.
Total Indebtedness to EBITDA Ratio means, with respect to the ---------------------------------- Company and its Subsidiaries as of the end of any fiscal quarter, the ratio, determined on a consolidated basis in accordance with GAAP, of (a) all Indebtedness of the Company and its Subsidiaries outstanding as of the end of such fiscal quarter, to (b) the EBITDA of the Company and its Subsidiaries for such fiscal quarter and the three immediately preceding fiscal quarters.
Total Indebtedness to EBITDA Ratio means the ratio of Consolidated Total Indebtedness to Consolidated Adjusted EBITDA.