Maximum Total Funded Debt to EBITDA Ratio. Parent and its consolidated Subsidiaries shall not permit the ratio of Total Funded Debt to EBITDA to exceed 3.00 to 1.00, tested at the end of each fiscal quarter of Parent, commencing June 30, 2016, all as determined, in the case of Total Funded Debt, on the date of determination, and in the case of EBITDA, for the preceding four fiscal quarters of Parent and its consolidated Subsidiaries ending on the date of determination. This covenant shall be tested quarterly at the end of each fiscal quarter.
Maximum Total Funded Debt to EBITDA Ratio. 1. Total Funded Debt $________
Maximum Total Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter ending on the dates set forth below, a Total Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of less than the following: Fiscal Quarter End Dates Ratio June 30, 2014 7.50:1.00 September 30, 2014 7.50:1.00 December 31, 2014 7.50:1.00 March 30, 2015 7.50:1.00 June 30, 2015 7.50:1.00 September 30, 2015 7.00:1.00 December 31, 2015 6.25:1.00 March 30, 2016 6.25:1.00 September 30, 2016 6.25:1.00 December 31, 2016 6.25:1.00 March 30, 2016 5.50:1.00 September 30, 2016 5.50:1.00 December 31, 2016 5.50:1.00 March 30, 2017 5.50:1.00 June 30, 2018 and thereafter 5.25:1.00
Maximum Total Funded Debt to EBITDA Ratio. The Borrower will maintain its ratio of Total Funded Debt to EBITDA, determined on a consolidated basis as at the end of each fiscal quarter on a rolling four quarter basis, at not more than 3.00 to 1.00.
Maximum Total Funded Debt to EBITDA Ratio. Section 5(b) of the Credit Agreement. Required Funded Debt to EBITDA Ratio shall be not more than:
Maximum Total Funded Debt to EBITDA Ratio. The Company and its consolidated Subsidiaries shall not permit the ratio of Total Funded Debt to EBITDA to exceed the following ratio as of the following dates, all as determined, in the case of Total Funded Debt, on the date of determination, and in the case of EBITDA, for the preceding four fiscal quarters of the Company and its consolidated Subsidiaries ending on the date of determination: Date of Determination Maximum Ratio June 30, 2006 and at the end of each fiscal quarter thereafter through and including March 31, 2009 2.50 to 1.00 June 30, 2009 and at the end of each fiscal quarter thereafter 3.00 to 1.00”
Maximum Total Funded Debt to EBITDA Ratio. It will maintain, as of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2003, a Total Funded Debt to EBITDA Ratio of not greater than 3.50:1.00.
Maximum Total Funded Debt to EBITDA Ratio. Borrower and its consolidated Subsidiaries shall not permit the ratio of Total Funded Debt to EBITDA to exceed the following ratios as of the following dates, all as determined, in the case of Total Funded Debt, on the date of determination, and in the case of EBITDA, for the preceding four fiscal quarters of the Borrower and its consolidated Subsidiaries ending on the date of determination: Date of Determination Maximum Ratio June 30, 2009 and at the end of each fiscal quarter thereafter 3.00:1
Maximum Total Funded Debt to EBITDA Ratio. Clause (c) of Annex G to the Credit Agreement is amended and restated in its entirety as set forth below: “(c) Maximum Total Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, a Total Funded Debt to EBITDA Ratio at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, as of the last
Maximum Total Funded Debt to EBITDA Ratio. Not permit the Total Funded Debt to EBITDA Ratio, tested quarterly, to be greater than the amounts for the Fiscal Quarters ending as indicated below: Fiscal Quarter ending Maximum Total Funded Debt to EBITDA Ratio
