Example ContractsClausesconsolidated net leverage ratioVariants
Remove:

Net Leverage Ratio” means, with respect to any Test Period, the ratio of # Consolidated Net Debt as of the last day of such Test Period to # Consolidated EBITDA of the for such Test Period.

Total Net Leverage Ratio” means, with respect to any Test Period, the ratio of # Consolidated Net Debt as of the last day of such Test Period to # Consolidated Adjusted EBITDA of the for such Test Period.

Secured Net Leverage Ratio” means, with respect to any Test Period, the ratio of # Consolidated Secured Net Debt outstanding as of the last day of such Test Period to # Consolidated Adjusted EBITDA of the for such Test Period.

Total Net Leverage Ratiomeans, with respect tomeans the ratio, as of any Test Period, the ratiodate of #determination, of (a) (i) Consolidated NetTotal Debt outstanding as of the last day of suchthe most recently ended Test Period minus # Qualified Cash as of the last day of the most recently ended Test Period to # Consolidated Adjusted EBITDA for the most recently ended Test Period, in each case of the for such Test Period.Corporation and its Subsidiaries on a consolidated basis.

Consolidated Total Net Leverage Ratio” means, with respect to any Test Period, the ratio of # Consolidated Total Net Debt as of the last day of such Test Period to # Consolidated EBITDA of Holdings, the Lead Borrower and its Restricted Subsidiaries for such Test Period.

First Lien Net Leverage Ratio” means, with respect to any Test Period, the ratio of # Consolidated Secured Net Debt under the Facilities and any Pari Passu Lien Debt outstanding as of the last day of such Test Period to # Consolidated Adjusted EBITDA of the for such Test Period.

NetTotal Leverage Ratio” means, with respect toas of any Test Period,date of determination, the ratio of # Consolidated NetTotal Debt as of the last day of suchthe Test Period most recently ended on or prior to such date of determination to # Consolidated EBITDA of the for such Test Period.

Net Leverage Ratio” means, with respect tofor any TestTesting Period, the ratio of # Consolidated NetTotal Debt as of the last daydate of such TestTesting Period to # Consolidated EBITDA of the for such TestTesting Period.

Consolidated Secured Net Leverage Ratio” means, with respect to any Test Period, the ratio of # Consolidated Secured Net Debt as of the last day of such Test Period to # Consolidated EBITDA of Holdings, the Lead Borrower and its Restricted Subsidiaries for such Test Period.

NetConsolidated Leverage Ratio” means, with respect tofor any Test Period,period, the ratio of # Consolidated Net Debt for Borrowed Money of the and its Subsidiaries as of the last dayend of such Test Periodperiod to # Consolidated EBITDA of the and its Subsidiaries for such Test Period.period.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.