Total Leverage Ratio

Total Leverage Ratio. Means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt outstanding on the last day of such Fiscal Quarter to (b) Annualized Consolidated EBITA computed for such Fiscal Quarter.

Total Leverage Ratio. Shall mean, as of any date of determination, the ratio of (i) all Indebtedness of the Company and its Subsidiaries measured on a consolidated basis to (ii) the EBITDA of the Company and its Subsidiaries measured on a consolidated basis.

Total Leverage Ratio. The ratio (the "Total Leverage Ratio"), determined as of the end of each of its fiscal quarters ending on and after the Restatement Effective Date, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be greater than: (A) 4.00 to 1.00 for any such period ended after the Restatement Effective Date to (but... excluding) December 31, 2022, (B) 3.75 to 1.00 for any such period ended on or after December 31, 2022 to (but excluding) December 31, 2023, (C) 3.50 to 1.00 for any such period ended on or after December 31, 2023 (excluding the periods ended on December 31, 2024, March 31, 2025, June 30, 2025, September 30, 2025 and December 31, 2025) and (D) 4.75 to 1.00 for any such period ended on December 31, 2024, March 31, 2025, June 30, 2025, September 30, 2025 or December 31, 2025, provided that, (i) solely for purposes of testing compliance with this clause (D) under clause (c) of the "Permitted Acquisition" definition, Section 6.01(t)(ii) (solely to the extent such Indebtedness is incurred in connection with a Permitted Acquisition or Permitted Investment) or Section 6.04(m)(ii), the Borrower will not permit the Total Leverage Ratio to be greater than either (X) 3.50 to 1.00 or (Y) the actual Total Leverage Ratio for the fiscal quarter immediately prior to such transaction and for which financial statements have been delivered pursuant to Section 5.01, if such Total Leverage Ratio immediately prior to such transaction is greater than 3.50 to 1.00 and (ii) solely for purposes of testing compliance with this clause (D) under Section 2.20(c), Section 6.01(t)(ii) (unless such Indebtedness is incurred in connection with a Permitted Acquisition or Permitted Investment) or Section 6.07(m)(ii), the Borrower will not permit the Total Leverage Ratio to be greater than 3.50 to 1.00, provided, further, however, that from and after the consummation of a Significant Acquisition (excluding any Significant Acquisition consummated during the fiscal quarters ended on December 31, 2024, March 31, 2025, June 30, 2025, September 30, 2025 or December 31, 2025), such ratio shall be increased by 0.50 to 1.00 for the fiscal quarter in which such Significant Acquisition is consummated and the three consecutive fiscal quarters immediately succeeding such fiscal quarter. The step-up in the Total Leverage Ratio described in the immediately preceding sentence following a Significant Acquisition may occur multiple times over the life of this Agreement, provided that the Total Leverage Ratio test must step back down to 4.00 to 1.00, 3.75 to 1.00 or 3.50 to 1.00, as applicable, required for the relevant fiscal quarter pursuant to the prior sentence, and be tested for at least two fiscal quarters prior to such ratio being permitted to step up based on a new Significant Acquisition. View More

Total Leverage Ratio. Means, with respect to any Fiscal Quarter, the ratio of (i) the total consolidated Indebtedness of Holdings and its Subsidiaries as of the last day of such Fiscal Quarter to (ii) Consolidated EBITDA for the Testing Period ending with such Fiscal Quarter. In determining the Total Leverage Ratio, the same methodology shall be applied as is utilized in Section 4.10 of the Indenture to calculate the ratio of Total Indebtedness to Consolidated EBITDA.

Total Leverage Ratio. Total Leverage Ratio shall not, at any time, exceed 18:1.

Total Leverage Ratio. Means, as of any date of determination, the ratio of (i) Debt for Borrowed Money as of such date to (ii) the Parent's Consolidated EBITDA for the four (4) Fiscal Quarter periods most recently ended on such date."