Common use of Senior Debt to EBITDA Clause in Contracts

Senior Debt to EBITDA. As of the end of each fiscal quarter set forth below, the Borrower shall maintain a ratio of Senior Debt to trailing twelve (12) month EBITDA of not greater than the ratio set forth below across from such period: Period Maximum Ratio fiscal quarter ended March 31, 2009 3.0 to 1.0 fiscal quarter ended June 30, 2009 3.9 to 1.0 fiscal quarter ended September 30, 2009 and each fiscal quarter thereafter 3.0 to 1.0

Appears in 2 contracts

Samples: Omnibus Amendment Agreement (Broadwind Energy, Inc.), Omnibus Amendment Agreement (Broadwind Energy, Inc.)

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Senior Debt to EBITDA. As of the end of each of its fiscal quarter quarters set forth below, the Borrower and its Subsidiaries shall maintain a ratio of consolidated Senior Debt to trailing consolidated EBITDA for the twelve (12) month EBITDA period ending on the last day of such fiscal quarter, of not greater than the ratio set forth below across from such periodfollowing: Computation Period Maximum Ratio fiscal quarter ended Ending Senior Debtto EBITDA June 30, 2006 3.75 to 1.00 September 30, 2006 3.50 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2009 3.0 2007 3.25 to 1.0 fiscal quarter ended 1.00 June 30, 2009 3.9 2007 and thereafter 3.00 to 1.0 fiscal quarter ended September 30, 2009 and each fiscal quarter thereafter 3.0 to 1.01.00

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Industries Corp)

Senior Debt to EBITDA. As of the end of each fiscal quarter set forth below, the Borrower shall maintain a ratio of Senior Debt to trailing twelve (12) month EBITDA of not greater than the ratio set forth below across from such period: Period Maximum Ratio fiscal quarter ended March 31, 2009 3.0 3.4 to 1.0 fiscal quarter ended June 30, 2009 3.9 8.4 to 1.0 fiscal quarter ended September 30, 2009 3.4 to 1.0 fiscal quarter ended December 31, 2009 and each fiscal quarter thereafter 3.0 to 1.0

Appears in 1 contract

Samples: Loan and Security Agreement (Broadwind Energy, Inc.)

Senior Debt to EBITDA. As of the end of each of its fiscal quarter quarters set forth below, the Borrower and its Subsidiaries shall maintain a ratio of (a) consolidated Senior Debt Debt; to trailing (b) consolidated EBITDA for the twelve (12) month EBITDA period ending on the last day of such fiscal quarter, of not greater than the ratio set forth below across from such periodfollowing: Senior Debt Computation Period Maximum Ratio fiscal quarter ended Ending to EBITDA March 31, 2009 3.0 to 1.0 fiscal quarter ended 2009-June 30, 2009 3.9 3.25 to 1.0 fiscal quarter ended 1.00 September 30, 2009 and each fiscal quarter thereafter 3.0 3.00 to 1.01.00

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Industries Corp)

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Senior Debt to EBITDA. As of the end of each fiscal quarter set forth below, the Borrower shall maintain a ratio of Senior Debt to trailing twelve (12) month EBITDA of not greater than the ratio set forth below across from such period: Period Maximum Ratio fiscal quarter ended March 31, 2009 3.0 3.4 to 1.0 fiscal quarter ended June 30, 2009 3.9 8.4 to 1.0 fiscal quarter ended September 30, 2009 7.25 to 1.0 fiscal quarter ended December 31, 2009 and each fiscal quarter thereafter 3.0 to 1.0

Appears in 1 contract

Samples: Omnibus Amendment Agreement (Broadwind Energy, Inc.)

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