Senior Debt to Adjusted EBITDA Sample Clauses

Senior Debt to Adjusted EBITDA. Senior Debt (after giving effect to the consummation of the Related Transactions and funding of the initial Loans on the Closing Date) to Adjusted EBITDA for the 12 month period ending December 31, 2014 shall not be greater than 4.50:1.00.
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Senior Debt to Adjusted EBITDA. As calculated as of the last day of each fiscal quarter of the Restricted Companies, the Restricted Companies shall not permit the ratio of (i) the unpaid amount of Senior Debt existing as of such last day to (ii) Adjusted EBITDA for the four fiscal quarters ending on such last day to exceed the following: As of the last day of each fiscal quarter ending January 31, April 30, and July 31: 3.25 to 1.00 As of the last day of each fiscal quarter ending October 31: 3.50 to 1.00
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Senior Debt to Adjusted EBITDA. Borrower shall maintain on a consolidated basis, a ratio of Senior Debt to Adjusted EBITDA of less than 4.0 to 1.0.
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Senior Debt to Adjusted EBITDA. A maximum ratio, set forth in the table below, of the outstanding aggregate balance of sums due Lender to Adjusted EBITDA for the immediately preceding four fiscal quarters of Borrower. This Ratio is to be reported quarterly. APPLICABLE FISCAL QUARTER ENDING MAXIMUM RATIO 12/31/11, 3/31/11, 6/30/11 and 9/30/11 2.50:1 12/31/12, 3/31/12, 6/30/12 and 9/30/12 2.25:1 12/31/13 and thereafter 2.00:1
Sample 1
Senior Debt to Adjusted EBITDA. Permit the ratio of (i) Borrower's Indebtedness less the then outstanding principal amount of the Notes and any Subordinated Debt (the "Senior Debt") during the Fiscal Period being measured to (ii) Borrower's Adjusted EBITDA during the Fiscal Period being measured to be greater than the following for the dates indicated: Closing Date through and including 10/29/06 2.90 to 1.00 10/30/06 through and including 10/28/07 2.75 to 1.00 10/29/07 and each Fiscal Period thereafter 2.50 to 1.00
Sample 1
Senior Debt to Adjusted EBITDA. As of the end of each fiscal quarter when any Subordinated Indebtedness is outstanding, the Borrower shall not permit the ratio of Senior Debt outstanding as of such day to the Adjusted EBITDA for the four (4) fiscal quarters then ended to exceed: (i) 2.75 to 1.00 for the fiscal quarter ended September 30, 2003, and (ii) 2.50 to 1.00 for the fiscal quarter ended December 31, 2003 and for all fiscal quarters ending thereafter. The term "Senior Debt" means the sum of: (a) Consolidated Indebtedness minus (b)
Sample 1
Senior Debt to Adjusted EBITDA. As of the end of each Fiscal Quarter, the Borrower shall not permit the ratio of the Senior Debt outstanding as of the date of determination to Adjusted EBITDA for the four (4) Fiscal Quarters then ending to exceed 2.75 to 1.00.
Sample 1
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Senior Debt to Adjusted EBITDA. At the end of any Fiscal Period commencing (1) on November 1, 2005 and ending on May 14, 2006, permit the ratio of (i) the Company's Indebtedness less any Subordinated Debt (the "Senior Debt") during the Fiscal Period being measured to (ii) the Company's Adjusted EBITDA during the Fiscal Period being measured to be greater than 2.75 to 1.00; (2) on May 15, 2006 and ending on October 29, 2006, permit the ratio of (i) the Company's Senior Debt during the Fiscal Period being measured to (ii) the Company's Adjusted EBITDA during the Fiscal Period being measured to be greater than 2.50 to 1.00; (3) on October 30, 2006 through October 31, 2007, permit the ratio of (i) the Company's Senior Debt during the Fiscal Period being measured to (ii) the Company's Adjusted EBITDA during the Fiscal Period being measured to be greater than 2.25 to 1.00 and (4) on November 1, 2007 and thereafter, permit the ratio of (i) the Company's Senior Debt during the Fiscal Period being measured to (ii) the Company's Adjusted EBITDA during the Fiscal Period being measured to be greater than 2.00 to 1.00.
Sample 1
Senior Debt to Adjusted EBITDA. Permit its ratio to Senior Debt to Adjusted EBITDA to exceed (i) 2.30 to 1.00 through 10/31/07; (ii) 2.43 to 1.00 through fiscal 1st Quarter 2008; (iii) 2.16 to 1.00 through fiscal 2nd Quarter 2008; (iv) 2.00 to 1.00 thereafter.
Sample 1

Related to Senior Debt to Adjusted EBITDA

  • 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.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

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

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • 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.

  • Senior Debt Ratio The Borrower will not permit the Senior Debt Ratio to exceed the following respective ratios at any time during the following respective periods: Period Ratio From the date hereof through February 28, 2007 4.75 to 1 From March 1, 2007 through February 29, 2008 3.75 to 1 From March 1, 2008 and all times thereafter 3.00 to 1

  • 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.

  • Debt to Equity Ratio The Lender shall have received from the Borrower a certificate demonstrating that the ratio of the Borrower's Adjusted Indebtedness to the Borrower's Net Assets, taking into account the requested Loan and the assets, if any, to be acquired by the Borrower with the proceeds of such Loan, shall not exceed 4-to-1.

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