Coverage Test. Permit the ratio of (a) EBITDA minus any and all dividends, distributions and/or redemption payments made by the Borrower to its shareholders or other holders of equity interests, to (b) Fixed Charges, to be less than (i) 1.25 to 1.0 for any four (4) consecutive fiscal quarters ending on or after September 30, 2008.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (General Environmental Management, Inc), Revolving Credit and Term Loan Agreement (CVC California LLC)
Coverage Test. Permit the ratio of (a) EBITDA, plus any permitted additions to EBITDA effected in accordance with Section 6.18 above, minus any and all dividends, distributions and/or redemption payments made by the Borrower to its shareholders or other holders of equity interests, to (b) Fixed Charges, to be less than (i) 1.25 1.0 to 1.0 for any four (4) consecutive fiscal quarters ending on or after September 30, 20082009.
Appears in 2 contracts
Samples: General Environmental Management, Inc, CVC California LLC
Coverage Test. Permit the ratio of (a) EBITDA, plus any permitted additions to EBITDA effected in accordance with Section 6.18 above, minus any and all dividends, distributions and/or redemption payments made by the Borrower to its shareholders or other holders of equity interests, to (b) Fixed Charges, to be less than (i) 1.25 1.0 to 1.0 for any four (4) consecutive fiscal quarters ending on or after September 30December 31, 20082009.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (General Environmental Management, Inc)
