Common use of Consolidated Debt Clause in Contracts

Consolidated Debt. The Company will not permit the ratio of Consolidated Debt (as of any date) to Consolidated EBITDA (for the Company’s then most recently completed four fiscal quarters) to be greater than 3.50 to 1.00 at any time.

Appears in 1 contract

Samples: Note Purchase Agreement (Furniture Brands International Inc)

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Consolidated Debt. The Company will not permit the ratio of Consolidated Debt (as of any date) to Consolidated EBITDA (for the Company’s then most recently completed four fiscal quarters) to be greater than 3.50 or equal to 3.25 to 1.00 at any time; provided, however, that solely with respect to the period from and including March 31, 2007 through and including August 14, 2007, the Company shall be deemed in compliance with this Section 10.1 so long as such ratio is not at any time during such period greater than 4.80 to 1.00.

Appears in 1 contract

Samples: Note Agreement (Furniture Brands International Inc)

Consolidated Debt. The Company will not not, at any time, permit the ratio of Consolidated Debt (as of any date) to Consolidated EBITDA (Consolidated EBITDA to be calculated as at the end of each fiscal quarter for the Company’s four consecutive fiscal quarters then most recently completed four fiscal quartersended) to be greater than exceed 3.50 to 1.00 at any time1.00.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Schawk Inc)

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Consolidated Debt. The Company will not permit the ratio of Consolidated Debt (as of any date) to Consolidated EBITDA (for the Company’s then most recently completed four fiscal quarters) to be greater than 3.50 or equal to 3.25 to 1.00 at any time; provided, however, that solely with respect to the period from and including March 31, 2007 through and including June 29, 2007, the Company shall be deemed in compliance with this Section 10.1 so long as such ratio is not at any time during such period greater than 4.25 to 1.00.

Appears in 1 contract

Samples: Note Purchase Agreement (Furniture Brands International Inc)

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