Senior Secured Leverage Ratio. As of the end of each fiscal quarter, the Borrower shall not permit the ratio of (i) Senior Secured Debt on such calculation date to (ii) Adjusted EBITDA, as of the last day of such fiscal quarter, to be greater than 3.00 to 1.00.
Appears in 11 contracts
Samples: Term Loan Agreement (American Tower Corp /Ma/), Term Loan Agreement (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/)
Senior Secured Leverage Ratio. As of the end of each fiscal quarter, the Borrower Company shall not permit the ratio of (i) Senior Secured Debt on such calculation date to (ii) Adjusted EBITDA, as of the last day of such fiscal quarter, to be greater than 3.00 to 1.00.
Appears in 8 contracts
Samples: Agreement (American Tower Corp /Ma/), Revolving Credit Agreement (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/)
Senior Secured Leverage Ratio. As of Commencing with the end of each fiscal quarterFiscal Quarter ending December 31, the 2008, Borrower shall will not permit the ratio of (i) Senior Secured Debt on such calculation date to (ii) Adjusted EBITDApermit, as of the last day of any Fiscal Quarter, its ratio of the outstanding principal amount of the Obligations (as of the Fiscal Quarter ending on such fiscal quarter, date) to Consolidated EBITDAX (for the Rolling Period ending on such date) to be greater than 3.00 4.0 to 1.001.0.β
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