Total Funded Debt/EBITDA Ratio. (Section 8.23(a))
Total Funded Debt/EBITDA Ratio. As of the last day of each fiscal quarter of the Borrower (commencing with the fiscal quarter ended June 30, 2000), the Borrower shall not permit the Total Funded Debt/EBITDA Ratio for the four fiscal quarters of the Borrower then ended to be greater than (a) for all periods ending prior to September 30, 2003, 3.0 to 1.0, and (b) for all periods ending on and after September 30, 2003, 2.5 to 1.0.
Total Funded Debt/EBITDA Ratio. The Parent shall not permit the Total Funded Debt/EBITDA Ratio as of the last day of any fiscal quarter of the Parent to be greater than: TOTAL FUNDED DEBT/EBITDA RATIO SHALL FROM AND INCLUDING TO AND INCLUDING NOT BE GREATER THAN: The date hereof March 31, 2003 2.75 to 1.0 April 1, 2003 And at all times thereafter 2.50 to 1.0
Total Funded Debt/EBITDA Ratio. As of the last day of each fiscal quarter of Borrower ending during the relevant period set forth below, Borrower shall not permit the Total Funded Debt/EBITDA Ratio to be greater than the corresponding ratio set forth opposite such period:
Total Funded Debt/EBITDA Ratio. The Borrower shall not, as of the last day of each fiscal quarter of the Borrower ending on the dates set forth below, permit the Total Funded Debt/EBITDA Ratio to be greater than the corresponding ratio set forth opposite such dates: TOTAL FUNDED DEBT/EBITDA RATIO FISCAL QUARTER ENDING DATES SHALL NOT BE GREATER THAN Effective Date through and including 9/30/04 4.40 to 1.0 12/31/04 through 9/30/05 3.90 to 1.0 12/31/05 through 9/30/06 3.50 to 1.0 12/31/06 through 9/30/07 3.10 to 1.0 12/31/07 and thereafter 3.00 to 1.0
Total Funded Debt/EBITDA Ratio. The ratio which (i) the Total Funded Debt of the Borrower and its Consolidated Subsidiaries at the end of any Fiscal Quarter, commencing with the Fiscal Quarter ended closest to December 31, 1997, bears to (ii) the EBITDA of the Borrower and its Consolidated Subsidiaries, measured on a rolling four (4) Fiscal Quarters' basis as of the end of such Fiscal Quarter, shall be (i) not more than 3.80:1, for the Fiscal Quarters ending closest to December 31, 1997 and closest to March 31, 1998, and (ii) not more than 3.50:1 for each Fiscal Quarter ending thereafter. In computing EBITDA in respect of the foregoing ratio, (a) any asset or stock dispositions by the Borrower consisting of the sale of a business line, segment or other group of related stores (including, particularly, for this purpose, the Applebee's Spinoff) occurring within a Fiscal Quarter shall be accounted for by reducing EBITDA by the individual EBITDA attributable to each store within such group for such Fiscal Quarter and the three (3) preceding Fiscal Quarters; and (b) any asset or stock acquisitions by the Borrower consisting of the purchase of a business, line, segment or other group of related stores occurring within a Fiscal Quarter shall be accounted for by increasing EBITDA by the individual EBITDA attributable to each store within such group for such Fiscal Quarter and for the three (3) preceding Fiscal Quarters; in each instance, on an historical basis, in a manner which Borrower shall determine, but subject to prior review with, and approval by, the Agent.
Total Funded Debt/EBITDA Ratio. As of the last day of each of the following fiscal quarters of Parent, the Loan Parties shall not permit the Total Funded Debt/EBITDA Ratio to be greater than the respective following amounts set forth opposite such fiscal quarters: Fiscal Quarter End Total Funded Debt/ EBITDA Ratio March 2018 4.50: 1.00 June 2018 4.50: 1.00 September 2018 and each fiscal quarter thereafter 3.00: 1.00
Total Funded Debt/EBITDA Ratio. As of the last day of each fiscal quarter of the Parent ending during the relevant period set forth below, the Borrowers shall not permit the Total Funded Debt/EBITDA Ratio to be greater than the corresponding ratio set forth opposite such period below: PERIOD(S) ENDING TOTAL FUNDED DEBT/EBITDA RATIO SHALL NOT BE GREATER THAN: 3/31/10 3.40 to 1.0 6/30/10 3.20 to 1.0 9/30/10 2.90 to 1.0 12/31/10 2.80 to 1.0 3/31/11 2.25 to 1.0
Total Funded Debt/EBITDA Ratio. As of the last day of each fiscal quarter of the Parent, the Loan Parties shall not permit the Total Funded Debt/EBITDA Ratio to be greater than 3.00 to 1.00; provided that if, at the end of any fiscal quarter, the Total Funded Debt/EBITDA Ratio is greater than 3.00 to 1.00 and the Loan Parties have entered into a Permitted Acquisition within such fiscal quarter for which the Total Consideration exceeds $20,000,000 (a fiscal quarter in which such conditions are satisfied, a “Trigger Quarter”), then the Total Funded Debt/EBITDA Ratio may be greater than 3.00 to 1.00 but shall not exceed 3.50 to 1.00 for such Trigger Quarter and the next succeeding three fiscal quarters (such period, an “Acquisition Compliance Period”); provided, further, that, following the occurrence of a Trigger Quarter, no subsequent Trigger Quarter shall be deemed to have occurred or to exist for any reason unless and until the Total Funded Debt/EBITDA Ratio is less than or equal to 3.00 to 1.00 as of the end of any fiscal quarter following the occurrence of such initial Trigger Quarter.
Total Funded Debt/EBITDA Ratio. As of the last day of each fiscal quarter of Borrower ending during the relevant period set forth below, Borrower shall not permit the Total Funded Debt/EBITDA Ratio to be greater than the corresponding ratio set forth opposite such period: Period(s) Ending Total Funded Debt/EBITDA Ratio shall not be greater than: Fiscal quarter ending on or about 9/30/2016 3.45 to 1.00 Fiscal quarter ending on or about 12/31/2016 3.45 to 1.00 Fiscal quarter ending on or about 3/31/2017 3.45 to 1.00 Fiscal quarter ending on or about 6/30/2017 3.45 to 1.00 Fiscal quarter ending on or about 9/30/2017 3.45 to 1.00 Fiscal quarter ending on or about 12/31/2017 and at all times thereafter 3.45 to 1.00
