Senior Funded Debt to Adjusted EBITDA Ratio Sample Clauses

Senior Funded Debt to Adjusted EBITDA Ratio. Not permit the Senior Funded Debt to Adjusted EBITDA Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION SENIOR FUNDED DEBT TO PERIOD ENDING: ADJUSTED EBITDA RATIO -------------- --------------------- Closing Date through 12/31/00 4.03 to 1.0 1/01/01 through 12/31/01 3.77 to 1.0 1/01/02 through 12/31/02 3.45 to 1.0 1/01/03 through 12/31/03 3.16 to 1.0 1/01/04 and thereafter 2.88 to 1.0.
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Senior Funded Debt to Adjusted EBITDA Ratio. Section 10.6.4 is amended in its entirety to read as follows:
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Senior Funded Debt to Adjusted EBITDA Ratio. Section 10.6.4 of the Existing Credit Agreement is deleted in its entirety and the following is substituted therefor:
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Senior Funded Debt to Adjusted EBITDA Ratio. Not permit the Senior Funded Debt to Adjusted EBITDA Ratio as of the last date of any Computation Period to exceed the applicable ratio set forth below:
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Senior Funded Debt to Adjusted EBITDA Ratio. Maintain as of the end of each calendar quarter a ratio of Senior Funded Debt to Adjusted EBITDA (as defined in Article One) of not more than 4.00 to 1.00, to be tested quarterly on a rolling four-quarter basis at the end of each quarter; provided, however, that such covenant shall apply only to the Revolving Loan and not to the Term Loan if and to the extent that the loan-to-value ratio of the Term Loan ever reaches less than or equal to fifty percent (50%), as determined by Bank in accordance with its review of an updated appraisal, in form and substance acceptable to Bank, to be paid for by the Term Loan Borrower, and in any event, not prior to the fifth (5th) anniversary of the Closing Date. After the fifth (5th) anniversary of the Closing Date, Borrower may request that Bank order such an updated appraisal no more than once per calendar year.
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Senior Funded Debt to Adjusted EBITDA Ratio. The Borrower will not permit the Senior Funded Debt to Adjusted EBITDA Ratio, determined for the trailing twelve month period ending on each fiscal quarter end, to exceed 1.00 to 1.00.
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Senior Funded Debt to Adjusted EBITDA Ratio. Maintain, as of the end of each fiscal quarter, a ratio of Senior Funded Debt to Adjusted EBITDA of not more than 4.75 to 1.0.
Sample 1
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Senior Funded Debt to Adjusted EBITDA Ratio. On the Computation Date, the Senior Funded Debt to Adjusted EBITDA Ratio, which is required to be not more than ______ to 1.0 as of the fiscal quarter then ending was _______ to 1.0, as computed in the supporting documents attached hereto as Schedule 3.
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Related to Senior Funded Debt to Adjusted EBITDA Ratio

  • Funded Debt to EBITDA Ratio A. Funded Debt

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

  • 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 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.

  • 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.

  • 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 Debt Ratio Maintain its Funded Debt Ratio at not greater than (a) 3.75 to 1.00 at each fiscal quarter ending through and including December 31, 2003, (b) 3.50 to 1.00 as of March 31, 2004 and June 30, 2004, (c) 3.00 to 1.00 as of September 30, 2004, (b) 2.50 to 1.00 as of December 31, 2004 and at each fiscal quarter ending thereafter through and including September 30, 2005, and (c) 2.00 to 1.00 as of December 31, 2005 and as of each fiscal quarter ending thereafter.

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

  • Debt to Capitalization Ratio As of the last day of each fiscal quarter of the Borrower, the Debt to Capitalization Ratio shall be less than or equal to 0.70 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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