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.
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Samples: Credit Agreement (JetPay Corp), Second Modification of Credit Agreement and Other Loan Documents (JetPay Corp)
Funded Indebtedness to EBITDA Ratio. At each quarter endBorrower shall not permit its Funded Indebtedness to Consolidated EBITDA, commencing June 30on a consolidated basis, 2017, and to be greater than 3.50 to 1.00 at the end of any fiscal quarter in respect of any trailing twelve (12) month period, as of each determination date, which determination dates shall commence on June 30, 2021, and occur on the last day of each fiscal 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 1.00thereafter. This covenant shall be tested on a trailing 4-quarter basis.4.23
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Samples: Credit Agreement (Universal Technical Institute Inc)
Funded Indebtedness to EBITDA Ratio. At each quarter endBorrower shall not permit its Funded Indebtedness to Consolidated EBITDA, commencing June 30on a consolidated basis, 2017, and to be greater than 3.50 to 1.00 at the end of any fiscal quarter in respect of any trailing twelve (12) month period, as of each determination date, which determination dates shall commence on June 30, 2021, and occur on the last day of each fiscal 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 basisthereafter.
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Samples: Credit Agreement (Universal Technical Institute Inc)
Funded Indebtedness to EBITDA Ratio. At each quarter endPermit the ratio of Borrower's Funded Indebtedness to EBITDA for the trailing four (4) quarters to be greater than 2.50 to 1.00 at any time during the term of this Agreement, commencing June 30, 2017, and at but tested as of the end of each quarter thereafter during the term of the Loanfiscal quarter, 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 basisbeginning June 30, 1994.
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