Debt Service Ratio

Debt Service Ratio. Means, as of any quarter-end date, a ratio of (a) Borrower's quarterly earnings before interest, taxes, depreciation and other non-cash amortization expenses and other non-cash expenses of the Borrower, determined in accordance with GAAP and annualized, to (b) the sum of (i) Borrower's payment obligations relating to the current maturities of principal on all of Borrower's outstanding long term indebtedness, determined in accordance with GAAP, plus (ii) the annualized amount of interest due on... all indebtedness of Borrower for such quarter then ended. View More

Debt Service Ratio. Means, as of the last day of any Fiscal Quarter, the ratio of Guarantor's Adjusted EBITDA to Debt Service for the Relevant Accounting Period then ended.