Total Net Debt to EBITDA Ratio definition

Total Net Debt to EBITDA Ratio means, at any time, the ratio of (a) the aggregate consolidated Debt of the Borrower on the relevant calculation date less the amount of Unrestricted Cash (as at the date of calculation) to (b) the sum of the consolidated EBITDA of the Borrower for the most recently completed four fiscal quarter period.

Total Net Debt to EBITDA Ratio means, for any period, the ratio of Total Net Debt to EBITDA;

Total Net Debt to EBITDA Ratio means, at any date of determination, the ratio of (a) the sum of (i) Consolidated Total Debt as of such date minus (ii) Unrestricted Cash in an aggregate amount not to exceed at any time the aggregate amount of Unrestricted Cash of Holdings, the Borrower and its Restricted Subsidiaries on deposit with, or otherwise held by, any Lenders or Affiliate thereof (including, for the avoidance of doubt, cash in accounts that are subject to an account control agreement in favor of the Administrative Agent) to (b) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on such date.

Examples of Total Net Debt to EBITDA Ratio in a sentence

• The Borrower shall, at all times, maintain a Total Net Debt to EBITDA Ratio of not more than 3.50:1.00, on a rolling four-quarter basis.

• Borrowings under the Credit Facilities bear interest at short-term floating rates plus a fixed spread, which varies in accordance with the Company's Total Net Debt to EBITDA Ratio (as defined in the Credit Agreement).

• During the covenant relief period ending April 4, 2021, dividends are not permitted except during the fiscal quarters ending January 3, 2021 and April 4, 2021, if the Total Net Debt to EBITDA Ratio is less than 3.00 to 1.00.

• During the covenant relief period ending April 4, 2021, share repurchases are not permitted except during the fiscal quarters ending January 3, 2021 and April 4, 2021, if the Total Net Debt to EBITDA Ratio is less than 3.00 to 1.00.

• The Company shall, at all times, maintain a Total Net Debt to EBITDA Ratio of not more than 3.50:1.00, on a rolling four-quarter basis.

More Definitions of Total Net Debt to EBITDA Ratio

Total Net Debt to EBITDA Ratio means, for any Computation Period, the ratio of (a) Total Indebtedness (net of unrestricted cash and unrestricted Cash Equivalent Investments held by the Borrower and its Subsidiaries and excluding any undrawn amounts of letters of credit issued) as of the last day of such Computation Period, to (b) EBITDA for such Computation Period.

Total Net Debt to EBITDA Ratio means, as of any date of determination, the ratio of (a) Total Net Debt on such day to (b) EBITDA for the Four Quarter Period ending on such day.

Total Net Debt to EBITDA Ratio means, at any date of determination, the ratio of (a) the sum of (i) Consolidated Total Debt as of such date minus (ii) Unrestricted Cash in an aggregate amount not to exceed at any time the aggregate amount of unrestricted cash of the Ultimate Parent and its Restricted Subsidiaries on deposit with, or otherwise held by, any Lenders or Affiliate thereof (including, for the avoidance of doubt, cash in accounts that are subject to an account control agreement in favor of the Administrative Agent) to (b) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on such date.

Total Net Debt to EBITDA Ratio means the ratio, as determined at the end of each calendar quarter for the trailing 12-month period, commencing with the period ending March 31, 2018, of the Total Net Debt to EBITDA during such period.

Total Net Debt to EBITDA Ratio means the ratio, as determined at the end of each calendar quarter for the trailing 12-month period, commencing with the period ending March 31, 2018, of the Total Net Debt to EBITDA during such period. Total Plan Liability means, at any time, the present value of all vested and unvested accrued benefits under all Plans, determined as of the then most recent valuation date for each Plan, using PBGC actuarial assumptions for single employer plan terminations. Total Contract Draw Loan Commitment shall mean an amount equal to $170,000,000 as of the First Amendment Effective Date. Total Revolving Loan Commitment shall mean an amount equal to $85,000,000. UCC shall mean the Uniform Commercial Code as in effect in the State of Illinois.

Total Net Debt to EBITDA Ratio means, for any period, the ratio of Total Net Debt to EBITDA. "U.S. Dollars" or "U.S.$" means lawful money of the United States of America.

Total Net Debt to EBITDA Ratio means, for any period, the ratio of Total Net Debt to EBITDA. “ U.S. Dollars ” or “ U.S.$ ” means lawful money of the United States of America.