Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the Funded Indebtedness to EBITDA Ratio on the last day of any fiscal quarter to be greater than two to one (2.00:1).
Funded Indebtedness to EBITDA Ratio. At each quarter end, commencing June 30, 2017, and at the end of each quarter thereafter during the term of the Loan, Borrower shall be obligated to maintain a Funded Indebtedness to EBITDA Ratio of not greater than 2.00 to 1.00. This covenant shall be tested on a trailing 4-quarter basis.
Funded Indebtedness to EBITDA Ratio. Permit the Funded Indebtedness to EBITDA Ratio (a) as of the end of any Fiscal Quarter ending on or before December 31, 2001, to be greater than 2.50 to 1.00, or (b) as of the end of any Fiscal Quarter ending after December 31, 2001, to be greater than 2.25 to 1.00.
Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the Funded Indebtedness to EBITDA Ratio, for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter set forth below, to be greater than the amount set forth opposite such date below: Fiscal Quarter Ending Funded Indebtedness to EBITDA Ratio June 30, 2016 3.50 to 1.00 September 30, 2016 3.25 to 1.00 December 31, 2016 and thereafter 2.75 to 1.00
Funded Indebtedness to EBITDA Ratio. As of the last day of each fiscal quarter, the Funded Indebtedness to EBITDA Ratio, as measured on a rolling four quarter basis of the four most recent quarters, shall not exceed 3.00:1.00.
Funded Indebtedness to EBITDA Ratio. Permit the Funded Indebtedness to EBITDA Ratio as of the end of any Fiscal Quarter to be greater than 3.00 to 1.00.
Funded Indebtedness to EBITDA Ratio. The Borrower will maintain, tested as of the last day of each of the Borrower's fiscal quarters, a Funded Indebtedness to EBITDA Ratio of not less than 4.0 to 1.0. During fiscal year 1999 this covenant shall be calculated by annualizing year to date results as of the end of the quarter most recently ended and commencing in fiscal year 2000 this covenant shall be calculated using a rolling four (4) quarter period.
Funded Indebtedness to EBITDA Ratio. Commencing with the earlier of the first fiscal quarter ending after the Suspension Period End Date and December 31, 2021, the Borrower will not permit the Funded Indebtedness to EBITDA Ratio, for any Computation Period to be greater than 3.25 to 1.00; provided that, if the Borrower or any Restricted Subsidiary shall have consummated a Permitted Acquisition or series of Permitted Acquisitions in such Computation Period, the aggregate cash portion of the Purchase Price for which exceeds $125,000,000, the maximum Funded Indebtedness to EBITDA Ratio permitted under this Section 6.11(b) may be increased at the election of the Borrower to 3.75 to 1.00 (any such increase, a “Covenant Holiday”), in each case, for the first Computation Period immediately following such election by Borrower (inclusive of the fiscal quarter in which such election is made by Borrower); provided, further, that (i) if the Borrower elects a Covenant Holiday, concurrently with such election the Borrower shall provide the Administrative Agent with a certificate of a Financial Officer of the Borrower demonstrating, to the satisfaction of the Administrative Agent, pro forma compliance with this Section 6.11(b), both before and after giving effect to such Acquisition and such Covenant Holiday (in each case looking back four complete fiscal quarters), (ii) at the time of any proposed Covenant Holiday, the Funded Indebtedness to EBITDA Ratio shall have been 3.25 to 1.0 or less for at least two consecutive fiscal quarters immediately preceding such proposed Covenant Holiday and (iii) no more than two Covenant Holidays may be elected during the term of this Agreement.
Funded Indebtedness to EBITDA Ratio. Borrower will maintain, as at the end of each fiscal quarter for the rolling four (4) fiscal quarters then ending, a ratio of Funded Indebtedness to EBITDA of not greater than 2.4 to 1.0. As used in this Agreement, the term "Funded Indebtedness" shall mean all outstanding term indebtedness and revolving credit indebtedness of Borrower as of the date of calculation. As used in this Agreement, the term "EBITDA" shall mean Xxxxxxxx's earnings before interest, taxes, depreciation and amortization for the twelve (12) months preceding the date of calculation."
Funded Indebtedness to EBITDA Ratio. Cause to be maintained a ratio of Funded Indebtedness to EBITDA for Radnor on a Consolidated Basis equal to or less than the respective ratios set forth below as at the end of each fiscal quarter ending during the respective periods set forth below for the most recent four fiscal quarters then ended: Maximum Ratio of Period Funded Indebtedness to EBITDA ------ ----------------------------- 3/31/2000 through 9/30/2000 6.00 to 1.0 12/31/2000 through 9/30/2001 5.25 to 1.0 12/31/2001 and thereafter 4.00 to 1.0
