“Consolidated Senior Secured Net Leverage Ratio” means, as of any date of determination, the ratio of # Consolidated Net Funded Indebtedness as of such date that is secured by a Lien to # Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such date.

“Consolidated Senior Secured Net Leverage Ratio” means, as ofwith respect to any date of determination,four-quarter period, the ratio of # Consolidated Secured Net Funded IndebtednessDebt as of the last day of such date that is secured by a Lienperiod to # Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the period of four consecutive fiscal quarters ending on such date.period.

“Consolidated Senior Secured Net Leverage Ratio” means, as ofwith respect to any date of determination,four- quarter period, the ratio of # Consolidated Secured Net Funded IndebtednessDebt as of the last day of such date that is secured by a Lienperiod to # Consolidated EBITDA of the Lead Borrower and its Restricted Subsidiaries for the period of four consecutive fiscal quarters ending on such date.period.

“Consolidated Senior Secured Net Leverage Ratio” means,means as of any date of determination, the ratio of # Consolidated Net Funded IndebtednessSenior Secured Debt as of such date that is secured by a Lienminus the unrestricted cash and Cash Equivalents of ESI and its Restricted Subsidiaries as of such date to # Consolidated EBITDA for the period of the four consecutive fiscal quarters most recently ending on such date.

“Consolidated Senior Secured Net Leverage Ratio” means,means as of any date of determination, the ratio of # Consolidated Net Funded IndebtednessSenior Secured Debt as of such date that is secured by a Lienminus the unrestricted cash and Cash Equivalents of ESI and its Restricted Subsidiaries as of such date to # Consolidated EBITDA for the period of the four consecutive fiscal quarters most recently ending on such date.

“Consolidated Senior Secured Net Leverage Ratio”Ratio” means, as of any date of determination, the ratio of #(a) (i) Consolidated Net FundedSecured Indebtedness as of such date that is secured by a Lienminus # all Unrestricted Cash and Cash Equivalents as of such date, to # Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such date.most recently completed Measurement Period.

“Consolidated Senior Secured Net Leverage Ratio” means, as ofwith respect to any date of determination,Test Period, the ratio of # Consolidated Secured Net Funded IndebtednessDebt as of the last day of such date that is secured by a LienTest Period to # Consolidated EBITDA of Holdings, the Lead Borrower and its Restricted Subsidiaries for the period of four consecutive fiscal quarters ending on such date.Test Period.

“Consolidated Senior Secured Net Leverage Ratio” means, as of any date of determination, the ratio of # Consolidated NetSenior Funded Indebtedness as of such date that is secured by a Lien to # Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such date.most recently completed Measurement Period.

“Consolidated Senior Secured Net Leverage Ratio” means, as of any date of determination, the ratio of # the difference of # Consolidated Net FundedSenior Secured Indebtedness as of such date minus # all cash and Cash Equivalents held by the Borrowers and their Restricted Subsidiaries as of such date (other than any restricted cash or restricted Cash Equivalents that is secured byare not restricted in favor of the Secured Parties) on a Lienconsolidated basis to # Consolidated EBITDA of the Borrowers and their Restricted Subsidiaries on a consolidated basis for the period of four consecutive fiscal quarters ending on such date.most recently completed Measurement Period.

“Consolidated Senior Secured Net Leverage Ratio” means, as of any date of determination,date, the ratio of # Consolidated Secured Net Funded IndebtednessDebt as of such date that is secured by a Lien to # Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters endingTest Period most recently ended on or prior to such date.