Consolidated Net Leverage Ratio

Consolidated Net Leverage Ratio. As of the last day of any period of four consecutive fiscal quarters of the Parent, the ratio of (a) the aggregate principal amount of all Funded Debt (excluding Capital Lease Obligations outstanding on the relevant date of determination in an aggregate amount not to exceed $200,000,000) of the Parent, Holdings, Intermediate Holdings, the Borrower and its Restricted Subsidiaries on such day less the aggregate amount of cash and Cash Equivalents owned by such entities on such day (in each case,... free and clear of all Liens (other than Liens permitted under Sections 7.3(a), (h), (j) or (n))), determined on a consolidated basis in accordance with GAAP, to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period. View More

Consolidated Net Leverage Ratio. Means the “Consolidated Net Leverage Ratio” as defined in and calculated in accordance with the Credit and Guaranty Agreement, dated as of December 3, 2009, among EB Sports Corp., as Borrower, RBG Holdings Corp., as Guarantor, and Wachovia Bank, N.A., as agent and the lenders from time to time party thereto, as such agreement is in effect on the date hereof.