Common use of Senior Debt to EBITDA Clause in Contracts

Senior Debt to EBITDA. At the end of any Fiscal Period, permit the ratio of (i) the Company's Indebtedness during the Fiscal Period being measured to (ii) the Company's EBITDA during the Fiscal Period being measured to be greater than 3.0 to 1.0.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Max & Ermas Restaurants Inc), Revolving Credit Agreement (Max & Ermas Restaurants Inc)

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Senior Debt to EBITDA. At the end of any Fiscal PeriodPeriod commencing (1) on the date hereof and ending on October 30, 2005, permit the ratio of (i) the Company's Indebtedness during the Fiscal Period being measured to (ii) the Company's EBITDA during the Fiscal Period being measured to be greater than 3.0 2.50 to 1.00 and (2) on October 31, 2005 and thereafter, permit the ratio of (i) the Company's Indebtedness during the Fiscal Period being measured to (ii) the Company's EBITDA during the Fiscal Period being measured to be greater than 2.25 to 1.0.

Appears in 1 contract

Samples: Max & Ermas Restaurants Inc

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Senior Debt to EBITDA. At the end of any Fiscal PeriodPeriod commencing on October 31, 2004, permit the ratio of (i) the Company's Indebtedness during the Fiscal Period being measured to (ii) the Company's EBITDA during the Fiscal Period being measured to be greater than 3.0 2.5 to 1.0.

Appears in 1 contract

Samples: Max & Ermas Restaurants Inc

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