Indebtedness to Adjusted EBITDA. As of the last day of each Fiscal Quarter, Parent shall not permit the ratio of Indebtedness outstanding as of such day to the Adjusted EBITDA for the four (4) Fiscal Quarter period then ended to exceed 2.00 to 1.00. As used in this Section 11.4, "Adjusted EBITDA" means, for any period (the "Subject Period"), the total of the following calculated without duplication for such period: (a) Parent's EBITDA (as defined in Section 11.3); plus (b) on a pro forma basis, the pro forma EBITDA of each Prior Target or, as applicable, the EBITDA of a Prior Target attributable to the assets acquired from such Prior Target, for any portion of such Subject Period occurring prior to the date of the acquisition of such Prior Target or the related assets but only to the extent such EBITDA for such Prior Target can be established in a manner satisfactory to Agent based on financial statements of the Prior Target prepared in accordance with GAAP.
Indebtedness to Adjusted EBITDA. (a) Debt for borrowed money $ (b) Debt evidenced by bonds, notes, etc. $
Indebtedness to Adjusted EBITDA. As of the last day of each Fiscal Quarter, Parent shall not permit the ratio of Indebtedness outstanding as of such day to the Adjusted EBITDA for the four (4) Fiscal Quarter period then ended to exceed 2.25 to 1.00. As used in this Section 11.4, "Adjusted EBITDA" means, for any period (the "Subject Period"), the total of the following calculated without duplication for such period: (a) Parent's EBITDA (as defined in Section 11.3); plus (b) the aggregate amount of the non-cash losses which have not already been excluded in determining Consolidated Net Income and which are attributable to the impairment of Parent's goodwill incurred and reported by Parent on its financial statements which have resulted from Parent's compliance with statement number 142 of the Financial Accounting Standards Board, plus (c) on a pro forma basis, the pro forma EBITDA of each Prior Target or, as applicable, the EBITDA of a Prior Target attributable to the assets acquired from such Prior Target, for any portion of such Subject Period occurring prior to the date of the acquisition of such Prior Target or the related assets but only to the extent such EBITDA for such Prior Target can be established in a manner satisfactory to Agent based on financial statements of the Prior Target prepared in accordance with GAAP without adjustment for expenses or other charges that will be eliminated after the acquisition.
Indebtedness to Adjusted EBITDA. (a) Indebtedness from 8(e) $ (b) Actual EBITDA (from 9(h)) $ (c) Prior Period/Prior Target EBITDA $ (d) Adjusted EBITDA (10(b) plus 10(c)) $ (e) 10(a) / 10(d) ____:1.00 (f) Maximum Indebtedness to Adjusted EBITDA allowed by Credit Agreement 2.5:1.00 Yes No
Indebtedness to Adjusted EBITDA. (a) Indebtedness (from 11(e)) $
Indebtedness to Adjusted EBITDA. The ratio of Indebtedness outstanding as of the date of determination (which shall not be more than thirty (30) days prior to the acquisition date) to Adjusted EBITDA (as defined in Section 10.3) for the most recent four (4) Fiscal Quarter period then ended as of such date is less than the lesser of (A) the Indebtedness to Adjusted EBITDA Ratio then in effect under Section 10.3 reduced by 0.25 and (B) an Indebtedness to Adjusted EBITDA Ratio of 3.00 to 1.00, calculated on a pro forma basis as if the acquisition had occurred as of the first day of such four (4) Fiscal Quarters and including in the ratio calculation any Debt incurred or assumed in connection therewith as if the Target were a “Prior Target” for purposes of calculating Adjusted EBITDA;
Indebtedness to Adjusted EBITDA. Borrowers and their Subsidiaries shall --- ------------------------------- maintain a ratio of consolidated Indebtedness to Adjusted EBITDA of not more than 3.25 to 1.0 as of the end of each fiscal quarter for the twelve month period then ended, commencing with the fiscal quarter ending ___________, 1998.
Indebtedness to Adjusted EBITDA. Clause (c) of Section 11.4 of the Agreement is amended in its entirety to read as follows:
Indebtedness to Adjusted EBITDA. As of the last day of each Fiscal Quarter, Parent shall not permit the ratio of Indebtedness outstanding as of such day to Adjusted EBITDA: (a) for the four (4) Fiscal Quarter period ended on May 31, 2004, August 31, 2004, and November 30, 2004, to exceed 3.00 to 1.00, (b) for the four (4) Fiscal Quarter period ended February 28, 2005 and May 31, 2005, to exceed 2.75 to 1.00, and (c) for each four (4) Fiscal Quarter period ended after May 31, 2005, to exceed 2.50 to 1.00; provided, however, at any time on or before May 31, 2005, Parent and Borrower may provide Agent written notice of Parent’s and Borrower’s election to comply with clause(c) of this sentence beginning as of the last day of the Fiscal Quarter indicated in such notice and for each four (4) Fiscal Quarter period ended thereafter. If Parent and Borrower elect to begin compliance with clause(c) of the previous sentence prior to August 31, 2005, then without any further amendment or other modification to the Loan Documents, as of the last day of the Fiscal Quarter indicated in the notice and as of the last day of each Fiscal Quarter thereafter, Parent shall not permit the ratio of Indebtedness outstanding as of such day to the Adjusted EBITDA for the four (4) Fiscal Quarter period then ended to exceed 2.50 to 1.00. As used in this Section 11.4, the following terms have the following meanings:
Indebtedness to Adjusted EBITDA. The ratio of Indebtedness outstanding as of the date of determination (which shall not be more than thirty (30) days prior to the acquisition date) to Adjusted EBITDA (as defined in Section 10.3) for the most recent four (4) Fiscal Quarter period then ended as of such date is less than the Indebtedness to Adjusted EBITDA Ratio then in effect under Section 10.3 reduced by 0.25, calculated on a pro forma basis as if the acquisition had occurred as of the first day of such four (4) Fiscal Quarters and including in the ratio calculation any Debt incurred or assumed in connection therewith as if the Target were a “Prior Target” for purposes of calculating Adjusted EBITDA;
