EBITDA to Debt Service Ratio. The Group shall maintain an EBITDA to Debt Service ratio of minimum 1.15:1.
EBITDA to Debt Service Ratio. Borrower will maintain, on a rolling four-quarters basis as measured at the end of each fiscal quarter of Borrower, a ratio of EBITDA to Debt Service of not less than 2.00 to 1.00.
EBITDA to Debt Service Ratio. Borrower will maintain a ratio of EBITDA, less dividends, to Debt Service of not less than 1.50:1.0. "Debt Service" shall mean the sum of that portion of term obligations (including principal and interest) coming due during the twelve (12) months preceding the date of calculation plus non-financed capital expenditures during the twelve (12) months preceding the date of calculation. Compliance with this subsection shall be measured as of the end of Borrower's fiscal quarter, for the quarter then ended.
EBITDA to Debt Service Ratio. Permit the ratio of quarterly EBITDA to quarterly Debt Service to be less than 1.00 to 1.00 at any time.
EBITDA to Debt Service Ratio. Borrower will maintain a ratio of EBITDA to Debt Service of not less than 1.25:1.0. "EBITDA" shall mean earnings before interest, taxes, depreciation, amortization, other non-cash charges, plus cash in excess of Two Million Dollars ($2,000,000). "Debt Service" shall mean the sum of (i) that principal portion of term obligations including capitalized lease obligations coming due during twelve (12) months after the date of calculation; and (ii) for the twelve months preceding calculation, (a) interest expense, (b) taxes, (c) non-financed capital expenditures, (d) dividends, and (e) the aggregate amount, expressed in dollars, of all purchases, redemptions, retirements and other acquisitions of shares of the capital stock of Borrower. Compliance with this subsection shall be measured as of the end of each fiscal quarter on a rolling four-quarter basis.
EBITDA to Debt Service Ratio. Borrower will maintain a ratio of EBITDA, less dividends, to Debt Service of not less than 1.5:1.0. "EBITDA" shall mean earnings before interest, taxes, depreciation, and amortization for the four fiscal quarters immediately preceding the date of the calculation. "Debt Service" shall mean the sum of that portion of term obligations (including principal and interest) coming due during the four fiscal quarters immediately following the date of calculation plus non-financed capital expenditures during the four fiscal quarters immediately following the date of calculation. Compliance with this subsection shall be measured as of the end of Borrower's fiscal quarter beginning with the fourth fiscal quarter ended 4/30/96.
EBITDA to Debt Service Ratio. Borrower will maintain, as at the end of each fiscal quarter, a ratio EBITDA to Debt Service of not less than 2.5 to 1.0. As used herein, the term "Debt Service" shall mean, with respect to any fiscal period of Borrower, an amount equal to that portion of the term indebtedness of Borrower (including principal and interest) coming due during the twelve (12) months following the date of calculation."
EBITDA to Debt Service Ratio. The Borrowers (on a Combined Basis) will not permit, as of the end of the most recently completed fiscal quarter, Annualized EBITDA for such fiscal quarter to be an
EBITDA to Debt Service Ratio. Maintain a ratio of EBITDA to Debt Service in excess of 1.100 to 1.000. “EBITDA” shall mean, for the period in question, the sum of (a) the after tax net income during such period plus (b) to the extent deducted in determining such net income, the sum of (i) interest expense during such period including the interest portion of all capitalized lease expense, plus (ii) all provisions for any Federal, state, local and/or foreign income, valued added and similar taxes made during such period (whether paid or deferred), plus (iii) all depreciation and amortization expenses during such period, plus (iv) any extraordinary losses during such period plus (v) any losses from the sale or other disposition of property other than in the ordinary course of business during such period minus (c) to the extent added in determining such net income, the sum of (i) any extraordinary gains during such period plus (ii) any gains from the sale or other disposition of property other than in the ordinary course of business during such period, all determined on a consolidated basis and in accordance with GAAP. “Debt Service” shall mean, for any period, the sum of (i) interest expense (including the interest component of capitalized leases) for such period, plus (ii) principal payments required to be made with respect to Funded Debt for such period, all determined on a consolidated basis and in accordance with GAAP. “Funded Debt” shall mean, as of the date of determination thereof, the sum of (a) all indebtedness for borrowed money or which has been incurred in connection with the purchase or other acquisition of property (other than unsecured trade accounts payable incurred in the ordinary course of business) plus (b) all obligations under or in respect of capital leases plus (c) all contingent reimbursement obligations with respect to the aggregate undrawn face amount of all letters of credit together with all unreimbursed drawings with respect thereto plus (d) all guarantees of Funded Debt of others, all determined on a consolidated basis and in accordance with GAAP. Title the second provision - Tangible Net Worth Requirements. Maintain a minimum Tangible Net Worth of not less than: $1,750,000.00. The words “Tangible Net Worth” mean Guarantor’s total assets excluding all intangible assets (i.e. goodwill, trademarks, patents, copyrights, organizational expenses, and similar intangible items, but including leaseholds and leasehold improvements) less total debt.
EBITDA to Debt Service Ratio. Borrower will maintain a ratio of EBITDA, less dividends, to Debt Service of not less than 1.0:1.0. "EBITDA" shall mean earnings before interest, taxes, depreciation, and amortization. "Debt Service" shall mean the sum of the current portion of term obligations coming due during the twelve (12) months following the date of calculation plus interest, taxes, non-financed capital expenditures and value of acquired or retired shares of its capital stock during the twelve (12) months preceding the date of calculation. Compliance with this subsection shall be measured as of the end of each fiscal quarter on a rolling four-quarter basis.
