Maximum Funded Indebtedness to EBITDA Ratio Sample Clauses

Maximum Funded Indebtedness to EBITDA Ratio. Borrower and its direct and indirect Subsidiaries shall maintain a Funded Indebtedness to EBITDA Ratio of not more than 4.00 to 1.00 calculated as of the end of each Fiscal Year and as of the end of each Fiscal Quarter for the trailing twelve (12) month period ending as of the end of each such Fiscal Quarter. For the purposes hereof and except as provided below for the periods indicated, the term “Funded Indebtedness to EBITDA Ratio” shall mean the ratio of (i) Indebtedness (a) in respect of money borrowed or (b) evidenced by a note, debenture or other like written obligation to pay money (both senior debt and Subordinated Debt) or (c) in respect of Capital Lease Obligations or (d) in respect of obligations or liabilities under conditional sales or other title retention agreements and (e) in respect of the balance of earnout associated with the HPI Direct Transaction to (ii) EBITDA, both for the period of measure. Notwithstanding the foregoing, for the Fiscal Quarters ending September 30, 2013, December 31, 2013, March 31, 2014 and June 30, 2014, the Funded Indebtedness to EBITDA Ratio shall be calculated by using in place of EBITDA in the above definition of Senior Funded Indebtedness to EBITDA Ratio, the combined EBITDA of Borrower and HPI Direct EBITDA, as follows:
Sample 1
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Maximum Funded Indebtedness to EBITDA Ratio. Permit the ratio of ------------------------------------------- Funded Indebtedness to its EBITDA (measured for the preceding four fiscal quarters), in each case measured on a consolidated basis for Lessee and its consolidated Subsidiaries, to be greater than 6.0 to 1 as of any fiscal quarter ending after January 31, 2002.
Sample 1
Maximum Funded Indebtedness to EBITDA Ratio. Borrower and its direct and indirect Subsidiaries shall maintain a Funded Indebtedness to EBITDA Ratio of not more than 4.00 to 1.00 calculated as of the end of each Fiscal Year and as of the end of each Fiscal Quarter for the trailing twelve (12) month period ending as of the end of each such Fiscal Quarter. For the purposes hereof the term “Funded Indebtedness to EBITDA Ratio” shall mean the ratio of (i) Indebtedness (a) in respect of money borrowed or (b) evidenced by a note, debenture or other like written obligation to pay money (both senior debt and subordinated debt) or (c) in respect of Capital Lease Obligations or (d) in respect of obligations or liabilities under conditional sales or other title retention agreements and (e) in respect of the balance of any earnout associated with Acquisitions consummated prior to the Closing Date or any Permitted Acquisition to (ii) EBITDA, for the period of measure.
Sample 1
Maximum Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the ratio, determined as of the end of each fiscal quarter, of (i) Funded Indebtedness to (ii) EBITDA for the then most-recently ended four fiscal quarters (except as noted below), be greater than the following: PERIOD MAXIMUM RATIO January 1, 2001 through March 31, 2001 4.50 to 1.00 April 1, 2001 through June 30, 2001 4.50 to 1.00 July 1, 2001 through September 30, 2001 4.00 to 1.00 October 1, 2001 through December 31, 20013.50 to 1.00 January 1, 2002 through March 31, 2002 3.25 to 1.00 April 1, 2002 through June 30, 2002 3.00 to 1.00 July 1, 2002 through September 30, 2002 2.75 to 1.00 October 1, 2002 and thereafter 2.50 to 1.00 Notwithstanding the foregoing, for the fiscal quarter ending March 31, 2001, EBITDA shall be calculated on the basis of that fiscal quarter annualized; for the fiscal quarter ending June 30, 2001, EBITDA shall be calculated on the basis of the two fiscal quarters ending June 30, 2001 annualized; for the fiscal quarter ending September 30, 2001, EBITDA shall be calculated on the basis of the three fiscal quarters ending September 30, 2001 annualized.
Sample 1
Maximum Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the ratio, determined as of the end of each fiscal quarter, of (i) Funded Indebtedness to (ii) EBITDA, to be greater than the following: Period Ending Maximum Ratio ------------- ------------- September 30, 2000 4.00 to 1.00 (Using trailing 3 quarters annualized) December 31, 2000 4.00 to 1.00 (Using trailing 4 quarters) March 31, 2001 through December 31, 2001 3.00 to 1.00 (Using trailing 4 quarters) March 31, 2002 and thereafter 2.50 to 1.00 (Using trailing 4 quarters)
Sample 1
Maximum Funded Indebtedness to EBITDA Ratio. Permit the ratio of Funded Indebtedness to its EBITDA (measured for the preceding four fiscal quarters), in each case measured on a consolidated basis for Supreme and its consolidated Subsidiaries, to be greater than (i) 5.5 to 1 as of any fiscal quarter end on or prior to January 30, 2000, (ii) 5.0 to 1 as of any fiscal quarter end on or after January 31, 2000 but on or prior to January 30, 2001, (iii) 4.5 to 1 as of any fiscal quarter end on or after January 31, 2001 but on or prior to January 30, 2002, or (iv) 3.5 to 1 as of any fiscal quarter end thereafter.
Sample 1
Maximum Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the ratio, determined as of the end of each fiscal quarter, of (i) Funded Indebtedness to (ii) EBITDA for the then most-recently ended four fiscal quarters, to be greater than the following: Period Maximum Ratio ------ ------------- Closing Date through December 31,1999 4.00 to 1.00 January 1, 2000 through June 30, 2000 2.75 to 1.00 July 1, 2000 through December 31, 2000 2.25 to 1.00 January 1, 2001 and thereafter 2.00 to 1.00
Sample 1
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Related to Maximum Funded Indebtedness to EBITDA Ratio

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Debt to EBITDA Ratio Maintain, as of the end of each fiscal quarter, a ratio of (i) Debt, excluding Debt in respect of Hedge Agreements, as of such date to (ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than 4.0 to 1.0.

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

  • Senior Debt to EBITDA Ratio Not permit the Senior Debt to EBITDA Ratio to be greater than 2.15 to 1.00 as of the end of the Company’s fiscal quarter ending on or about December 31, 2004 or the end of any fiscal quarter thereafter; such ratio to be determined in accordance with GAAP using the ratio of Senior Debt as of the end of such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 1.0.

  • Funded Indebtedness 2 GAAP............................................................ 6

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

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