EBITDA Ratio. The BORROWERS, on a consolidated basis, shall maintain a ratio of (a) EBITDA to (b) INTEREST EXPENSE plus the total amount of cash payments of principal on account of LONG TERM DEBT, of greater than 1.25:1.00, measured semi-annually on a year-to-date basis at December 31 and June 30 of each year.
Appears in 2 contracts
Samples: Modification Agreement (Avatech Solutions Inc), Modification Agreement (Avatech Solutions Inc)
EBITDA Ratio. The BORROWERS, on a consolidated basis, shall maintain a ratio of (a) EBITDA to (b) INTEREST EXPENSE plus the total amount of cash payments of principal on account of LONG TERM DEBT, of greater than 1.25:1.001.00:1.00, measured semi-annually on a year-to-date basis at December 31 and June 30 of each yearyear commencing as of December 31, 2005.
Appears in 2 contracts
Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Avatech Solutions Inc)
EBITDA Ratio. The BORROWERS, on a consolidated basis, shall maintain a ratio of (a) EBITDA to (b) INTEREST EXPENSE plus the total amount of cash payments of principal on account of LONG TERM DEBT, of greater than 1.25:1.00, measured semi-annually quarterly on a yeartrailing rolling four-to-date basis at December 31 and June 30 of each yearquarter basis.
Appears in 1 contract
Samples: Third Modification Agreement (Avatech Solutions Inc)
