Funded Debt to EBITDA Ratio

Example Definitions of "Funded Debt to EBITDA Ratio"
Funded Debt to EBITDA Ratio. Means, as of February 1, 2015 or the last day of any Fiscal Quarter thereafter, a ratio of (i) all Funded Debt of the Borrowers as of such date, divided by (ii) EBITDA for the Computation Period. This ratio will be calculated based on the Borrowers' consolidated financial reports only and shall exclude activities and balances of Schlecht Enterprises LLC and Schlecht Retail Ventures LLC.
Found in DULUTH HOLDINGS INC. contract
Funded Debt to EBITDA Ratio. As of any date, a ratio of (i) all Funded Debt of the Borrowers, divided by (ii) EBITDA for the 12 consecutive month period then ended. This ratio will be calculated based on the Borrowers' consolidated financial reports only and shall exclude activities and balances of Schlecht Enterprises LLC and Schlecht Retail Ventures LLC
Found in DULUTH HOLDINGS INC. contract
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