Total Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.
Total Leverage Ratio means on any date of determination for the Company and the Subsidiaries on a consolidated basis, the ratio of (a) Funded Debt on such date of determination to (b) EBITDA calculated for the four fiscal quarter period most recently ended.
Total Leverage Ratio means the ratio as of the last day of any Fiscal Quarter of (i) Consolidated Total Debt as of such day to (ii) Consolidated Adjusted EBITDA for the four-Fiscal Quarter period ending on such date.
Examples of Total Leverage Ratio in a sentence
The Excess Cash Flow sweep steps down to (i) 0.25% if Total Leverage Ratio is less than or equal to 0.75x but greater than 0.25x, and (ii) 0% if Total Leverage Ratio is less than or equal to 0.25x.
Maintain a Total Leverage Ratio not to exceed 4.00 to 1.00, tested December 31, 2024 and on the last day of each fiscal quarter thereafter.
The first requires that the Issuer (RBP Global Holdings) shall not permit the Total Leverage Ratio to be greater than 3.0 to 1.0 (through September 30, 2026), and then 2.50 to 1.0 from December 31, 2026 and thereafter.
The percentage of Excess Cash Flow to be paid is calculated as to 50% of an aggregate principal amount of Excess Cash Flow in the event the Total Leverage Ratio is in excess of 0.75x.
More Definitions of Total Leverage Ratio
Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.
Total Leverage Ratio means, with respect to any Test Period for which financial statements are required to have been delivered pursuant to Section 7.1(a) or (b), the ratio of (a) Consolidated Total Net Debt of the Borrower as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower for such Test Period.
Total Leverage Ratio means, on any date, the ratio of Total Debt (net of unrestricted cash and cash equivalents of the Borrower and the Subsidiaries (in each case in the amount determined by GAAP)) on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date. In any period of four consecutive fiscal quarters in which a Permitted Acquisition or Significant Asset Sale occurs, the Total Leverage Ratio shall be determined on a pro forma basis in accordance with Section 1.03.
Total Leverage Ratio means, at any date of determination, the ratio of (i)(y) Consolidated Total Funded Indebtedness of Holdings and its Restricted Subsidiaries on such date minus (z) Unrestricted Cash of Holdings and its Restricted Subsidiaries on such date, to (ii) Consolidated EBITDA for the Test Period then most recently ended.
Total Leverage Ratio means, at any date of determination, the ratio of Consolidated Indebtedness on such date to Consolidated EBITDA for the Test Period then most recently ended.
Total Leverage Ratio has the meaning assigned to such term in Section 6.11(a).
Total Leverage Ratio means, as of any date, the ratio of (a) Total Indebtedness as of such date to (b) Total Asset Value.