Common use of Consolidated Indebtedness to Consolidated EBITDA Clause in Contracts

Consolidated Indebtedness to Consolidated EBITDA. Holdings will cause the Borrower not to permit, and the Borrower will not permit, the ratio of Consolidated Indebtedness as at the end of any fiscal quarter ended on a date set forth below to Consolidated EBITDA for the period (taken together as one accounting period) of four consecutive fiscal quarters ended on such date, to be greater than the ratio set forth opposite such date below: Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2004 16.00:1.00 June 30, 2004 10.50:1.00 September 30, 2004 8.75:1.00 December 31, 2004 March 31, 2005-September 7.25:1.00 30, 2006 December 31, 2006 and 4.25:1.00 each fiscal quarter thereafter 3:00:1.00

Appears in 1 contract

Samples: Credit Agreement (Ubiquitel Inc)

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Consolidated Indebtedness to Consolidated EBITDA. Holdings will cause the Borrower not to permit, and the The Borrower will not permit, the ratio of Consolidated Indebtedness as at the end of permit on any fiscal quarter ended on a date set forth below the ratio of (x) Consolidated Indebtedness at such time to (y) its Consolidated EBITDA for the period (taken together as one accounting period) of four consecutive fiscal quarters Test Period then ended on such date, to be greater than the ratio set forth below opposite such date belowdate: Fiscal Quarter Ended Ratio -------------------- ----- June 30, 1996 3.50 : 1:00 September 30, 1996 3.50 : 1.00 December 31, 1996 3.00 : 1.00 March 31, 2004 16.00:1.00 1997 3.20 : 1.00 June 30, 2004 10.50:1.00 1997 3.00 : 1.00 September 30, 2004 8.75:1.00 1997 2.75 : 1.00 December 31, 2004 March 31, 2005-September 7.25:1.00 30, 2006 December 31, 2006 1997 and 4.25:1.00 each fiscal quarter thereafter 3:00:1.002.00 : 1.00"

Appears in 1 contract

Samples: Credit Agreement (Axsys Technologies Inc)

Consolidated Indebtedness to Consolidated EBITDA. Holdings will cause the Borrower not to permit, and the Borrower will not permit, the ratio of Consolidated Indebtedness as at the end of any fiscal quarter ended on a date set forth below to Consolidated EBITDA for the period (taken together as one accounting period) of four consecutive fiscal quarters ended on such date, to be greater than the ratio set forth opposite such date below: Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2004 16.00:1.00 June 30, 2004 10.50:1.00 18.00:1.00 September 30, 2004 8.75:1.00 14.00:1.00 December 31, 2004 11.25:1.00 March 31, 2005-2005 9.25:1.00 June 30, 2005 7.75:1.00 September 7.25:1.00 30, 2005 6.50:1.00 December 31, 2005 5.75:1.00 March 31, 2006 4.75:1.00 June 30, 2006 4.25:1.00 September 30, 2006 3.50:1.00 December 31, 2006 and 4.25:1.00 each fiscal quarter thereafter 3:00:1.003.00:1.00".

Appears in 1 contract

Samples: Credit Agreement (Ubiquitel Inc)

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Consolidated Indebtedness to Consolidated EBITDA. Holdings will cause the Borrower not to permit, and the The Borrower will not permit, permit the ratio of (i) Consolidated Indebtedness as at on the end last day of any fiscal quarter ended on a date set forth below to (ii) Consolidated EBITDA for the period (taken together as one accounting period) of four consecutive fiscal quarters ended ending on the last day of such datefiscal quarter, taken as one accounting period, to be greater than the ratio amount set forth below opposite such date belowfiscal quarter: Fiscal Quarter Ended Ratio -------------------- ----- -------------- ------ December 31, 1994 3.30:1 March 31, 2004 16.00:1.00 1995 3.10:1 June 30, 2004 10.50:1.00 1995 2.90:1 September 30, 2004 8.75:1.00 1995 2.70:1 December 31, 2004 1995 2.50:1 March 31, 2005-September 7.25:1.00 1996 2.20:1 June 30, 2006 December 1996 1.90:1 September 30, 1996 1.60:1 December, 31, 2006 1996 1.30:1 March 31, 1997 and 4.25:1.00 for each fiscal quarter thereafter 3:00:1.001.00:1

Appears in 1 contract

Samples: Credit Agreement (Staff Leasing Inc)

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