Pricing Ratio definition

Pricing Ratio on any date, the ratio of Consolidated Total Debt on such date to Annualized Borrower EBITDA for the fiscal quarter most recently ended prior to such date.

Pricing Ratio means, as of the last day of each fiscal quarter of the Borrower, the Leverage Ratio for the fiscal period consisting of such fiscal quarter of the Borrower and the three immediately preceding fiscal quarters of the Borrower.

Pricing Ratio means the Funded Debt to EBITDA Ratio.

Examples of Pricing Ratio in a sentence

• Changes in the Applicable Margin shall be made not more frequently than quarterly based on the Borrower's Pricing Ratio, determined by the Lender in the exercise of its sole and absolute discretion, five (5) Business Days after Lender's receipt of the quarterly reports required by Section 5.1.1(b) (Quarterly Statements and Certificates).

• During the period from the Effective Date through December 31, 2001, the Level shall, notwithstanding the actual Pricing Ratio at such time, be deemed to be Level IV unless such actual Pricing Ratio exceeds Level IV, in which event the applicable Level shall be Level V.

• During the period from the Effective Date through December 31, 2003, the Level shall, notwithstanding the actual Pricing Ratio at such time, be deemed to be Level I.

• Officials of the Sectorial Chamber of the Tobacco Production Chain understand that the measures, if implemented, will incur serious social and economic problems, like a decline in jobs in urban centers, income losses for thousands of tobacco growersand reduction in tax collections.

• Attached hereto as Schedule 1(b) are reasonably detailed calculations establishing the Pricing Ratio.

More Definitions of Pricing Ratio

Pricing Ratio has the meaning set forth in the Pricing Schedule attached hereto.

Pricing Ratio means, at any date, the ratio of (i) the consolidated Debt of the Borrower and its Consolidated Subsidiaries (excluding (a) the Letter of Credit Exposure and the amount of any other outstanding letters of credit, except to the extent such Letter of Credit Exposure and other outstanding letters of credit represent unreimbursed drawings thereunder; provided that amounts excluded under this clause (a) shall not exceed $100,000,000, and (b) contingent liabilities to repurchase accounts receivable pursuant to the Credit Card Agreements, to the extent such contingent liabilities constitute Debt), determined on a consolidated basis, divided by (ii) Adjusted EBITDA for the most recent period of four consecutive fiscal quarters of the Borrower for which financial statements have been delivered to the Agent; provided that, solely for purposes of this definition, the consolidated Debt of the Borrower and its Consolidated Subsidiaries shall be determined for purposes of clause (i) above on the basis of (a) Term Commitments outstanding on the last day of the most recent fiscal quarter covered by the financial statements referred to in clause (ii) above, and (b) the daily average outstanding amount of all other Debt during such most recent period of four consecutive fiscal quarters; provided further that if the Acquisition or a Permitted Acquisition has occurred during the period since the commencement of the period of four consecutive fiscal quarters for which such Adjusted EBITDA has been determined and on or prior to such date of determination, then such Adjusted EBITDA shall be determined on a pro forma basis (i.e., based on the assumption that the Acquisition or such Permitted Acquisition, as the case may be, occurred on the first day of such period of four consecutive fiscal quarters) in accordance with generally accepted accounting principles. A change in the Pricing Ratio shall be effective on the date of receipt by the Agent of the Borrower's financial statements demonstrating such change.

Pricing Ratio has the meaning set forth in Section 3.15(b).

Pricing Ratio means the ratio of Consolidated EBITDAR to the sum of Consolidated Interest Charges and Consolidated Rental Expense.

Pricing Ratio means the ratio of (i) all Adjusted Indebtedness of the Company and its Subsidiaries to (ii) EBITDA.

Pricing Ratio means, as at the last day of any fiscal quarter of the Company, the Pro Forma Ratio of (a) Funded Debt as at such day to (b) Consolidated Cash Flow for the period of four fiscal quarters ending on such day.

Pricing Ratio means the Total Liabilities to Tangible Net Worth Ratio.