FUNDED DEBT TO MODIFIED EBITDA Sample Clauses

FUNDED DEBT TO MODIFIED EBITDA. The ratio, calculated as of the end of each fiscal quarter of Company and its Subsidiaries beginning March 31, 2000 (each a "Calculation Date"), of the consolidated (and combined, if applicable) Funded Debt of Company and its Subsidiaries as of each Calculation Date divided by the consolidated (and combined, if applicable) Modified EBITDA for Company and its Subsidiaries for the four (4) fiscal quarters of Company and its Subsidiaries immediately preceding the applicable Calculation Date shall not be greater than 10.00 to 1.00 as of the Calculation Date occurring on March 31, 2000, and thereafter until, but not including, the Calculation Date occurring on June 30, 2000; 7.50 to 1.00 as of the Calculation Date occurring on June 30, 2000, and thereafter until, but not including, the Calculation Date occurring on September 30, 2000; 5.25 to 1.00 as of the Calculation Date occurring on September 30, 2000, and thereafter until, but not including, the Calculation Date occurring on December 31, 2000, and 4.25 to 1.00 as of the Calculation Date occurring on December 31, 2000, and as of all Calculation Dates thereafter. For purposes of this financial covenant, the following terms shall have the following meaning:
Sample 1
AutoNDA by SimpleDocs
FUNDED DEBT TO MODIFIED EBITDA. The ratio, calculated as of the end of each fiscal quarter of Company and its Subsidiaries beginning September 30, 1999 (each a "Calculation Date"), of the consolidated (and combined, if applicable) Funded Debt of Company and its Subsidiaries as of each Calculation Date divided by the consolidated (and combined, if applicable) Modified EBITDA for Company and its Subsidiaries for the four (4) fiscal quarters of Company and its Subsidiaries immediately preceding the applicable Calculation Date shall not be greater than 4.25 to 1.00. For purposes of this financial covenant, the following terms shall have the following meaning:
Sample 1
FUNDED DEBT TO MODIFIED EBITDA. The ratio, calculated as of the end of each fiscal quarter of Company and its Subsidiaries beginning September 30, 1999 (each a "Calculation Date"), of the consolidated (and combined, if applicable) Funded Debt of Company and its Subsidiaries as of each Calculation Date divided by the consolidated (and combined, if applicable) Modified EBITDA for Company and its Subsidiaries for the four (4) fiscal quarters of Company and its Subsidiaries immediately preceding the applicable Calculation Date shall not be greater than 4.75 to 1.00 as of the Calculation Date occurring on September 30, 1999, and 4.25 to 1.00 as of the Calculation Date occurring on December 31, 1999, and as of all Calculation Dates occurring on and after December 31, 1999."
Sample 1

Related to FUNDED DEBT TO MODIFIED EBITDA

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • Total Debt to EBITDA Ratio Not permit the Total Debt to EBITDA Ratio as of the last day of any Four Fiscal Quarter Computation Period, commencing with the Four Fiscal Quarter Computation Period ending September 30, 2010, to exceed 3.00 to 1.0.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Minimum Consolidated EBITDA (a) The Borrower will not permit Consolidated EBITDA (i) for the Borrower's fiscal quarter ending closest to June 30, 1997 to be less than $2,500,000 and (ii) for any Test Period ending on the last day of a fiscal quarter of the Borrower set forth below to be less than the amount set forth opposite such fiscal quarter below: Fiscal Quarter Ending Closest To Amount ----------------- ------ September 30, 1997 $5,000,000 December 31, 1997 $5,000,000 March 31, 1998 $5,000,000 June 30, 1998 $5,000,000 September 30, 1998 $5,000,000 December 31, 1998 $5,000,000 March 31, 1999 $5,000,000 June 30, 1999 $5,000,000 -64- September 30, 1999 $ 5,000,000 December 31, 1999 $ 5,000,000 March 31, 2000 $ 5,000,000 June 30, 2000 $10,000,000 September 30, 2000 $15,000,000 December 31, 2000 $15,000,000 March 31, 2001 $15,000,000 June 30, 2001 $15,750,000 September 30, 2001 $16,500,000 December 31, 2001 $16,500,000 March 31, 2002 $16,500,000 June 30, 2002 $16,500,000

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of Borrower and its Subsidiaries for such period determined on a Consolidated basis.

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

Time is Money Join Law Insider Premium to draft better contracts faster.