Common use of Funded Indebtedness to EBITDA Ratio Clause in Contracts

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

Appears in 1 contract

Samples: Credit Agreement (Groupon, Inc.)

AutoNDA by SimpleDocs

Funded Indebtedness to EBITDA Ratio. The Beginning March 31, 2016 and continuing thereafter on the last day of each quarter, 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, Ratio 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 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Gulf Island Fabrication Inc)

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 March 31, 2016 2.50 to 1.00 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

Appears in 1 contract

Samples: Credit Agreement (Groupon, Inc.)

AutoNDA by SimpleDocs

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 ending during any period set forth below, to be greater than the amount ratio set forth below opposite such date belowperiod: Fiscal Quarter Ending Funded Indebtedness to EBITDA Period Ratio June 30, 2016 3.50 to 1.00 September 30, 2016 3.25 to 1.00 December 31, 2016 and Effective Date through 1 year anniversary thereof 2.00:1.00 All times thereafter 2.75 to 1.001.50:1.00

Appears in 1 contract

Samples: Credit Agreement (MeetMe, Inc.)

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