Consolidated Senior Leverage Ratio

Consolidated Senior Leverage Ratio. As at the last day of any period of four consecutive fiscal quarters of Holdings, the ratio of (a) Consolidated Bank Debt on such day to (b) Consolidated EBITDA of Holdings and its Subsidiaries (excluding, for the avoidance of doubt, the add-backs specified in the second proviso of the definition of "Consolidated EBITDA", except when calculating the Consolidated Senior Leverage Ratio under paragraph (b) of Section 2 of the Sponsor Guarantee) for such period;

Consolidated Senior Leverage Ratio. Means, as of any date of determination, the ratio of (a) Consolidated Senior Indebtedness as of such date minus, solely with respect to the determination of the Consolidated Senior Leverage Ratio for the fiscal quarter ended September 30, 2006 for purposes of determining compliance with Section 7.11(b), cash and Cash Equivalents of the Company and its Subsidiaries on a consolidated basis as of such date in excess of $70,000,000, to (b) Consolidated EBITDA of 2 the Company and its... Subsidiaries on a consolidated basis for the most recently completed Measurement Period; View More

Consolidated Senior Leverage Ratio. As of any day, the ratio of (a) the excess, if any, of (i) Consolidated Senior Debt on such day over (ii) the aggregate amount of cash and Cash Equivalents held by the Borrower and its Subsidiaries on such day to (b) Consolidated EBITDA of the Borrower and its Subsidiaries for the period of four consecutive fiscal quarters most recently ended prior to such day for which the Borrower shall have delivered financial statements to the Lenders pursuant to Section 6.1.