Example ContractsClausesConsolidated First Lien Net Leverage Ratio
Consolidated First Lien Net Leverage Ratio
Consolidated First Lien Net Leverage Ratio contract clause examples

Consolidated First Lien Net Leverage Ratio” shall mean, with respect to any Test Period, the ratio of (i) Consolidated First Lien Secured Debt as of the last day of such Test Period to (ii) Consolidated EBITDA of Lead Borrower and its Restricted Subsidiaries for such Test Period, in each case, calculated on a Pro Forma Basis.

Consolidated First Lien Net Leverage Ratio” has the meaning set forth in the Nexstar Credit Agreement.

Consolidated First Lien Net Leverage Ratio” has the meaning set forth in the Nexstar Credit Agreement.

Consolidated First Lien Net Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Net Debt (other than any portion of Consolidated Net Debt that is unsecured or is secured solely by a Lien that is expressly subordinated to the Liens securing the Obligations) as of such date to (b) Consolidated EBITDA for the most recent Test Period.

Consolidated First Lien Net Leverage Ratio” has the meaning set forth in the Nexstar Credit Agreement.

Consolidated First Lien Net Leverage Ratio” has the meaning set forth in the Nexstar Credit Agreement.

Consolidated First Lien Net Leverage Ratio” shall mean, with respect to any Test Period, the ratio of (i) Consolidated First Lien Secured Debt as of the last day of such Test Period to (ii) Consolidated EBITDA of Lead Borrower and its Restricted Subsidiaries for such Test Period, in each case, calculated on a Pro Forma Basis.

Consolidated First Lien Net Leverage Ratio” has the meaning set forth in the Nexstar Credit Agreement.

Consolidated First Lien Net Leverage Ratio” has the meaning set forth in the Nexstar Credit Agreement.

Consolidated First Lien Net Leverage Ratio”: at any date of determination, the ratio of (a) Consolidated First Lien Net Leverage of Holdings and its Restricted Subsidiaries for the most recently ended Test Period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most recently ended Test Period.

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