Total Debt to Consolidated EBITDA Ratio
Total Debt to Consolidated EBITDA Ratio. For any Test Period, the ratio of (a) without duplication, total Debt of the Administrative Borrower and its Subsidiaries for such Test Period to (b) Consolidated EBITDA of the Administrative Borrower and its Subsidiaries for such Test Period; provided, however, Insurance Premium Financing Debt shall not be included as Debt in the calculation of the Total Debt to Consolidated EBITDA Ratio for any Test Period.
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