Common use of Total Funded Debt to EBITDA Ratio Clause in Contracts

Total Funded Debt to EBITDA Ratio. The Loan Parties shall not permit the Core Leverage Ratio as of the end of each fiscal quarter to exceed 3.50 to 1.00.

Appears in 1 contract

Samples: Credit and Security Agreement (Ameresco, Inc.)

AutoNDA by SimpleDocs

Total Funded Debt to EBITDA Ratio. The Loan Parties shall not permit the Core Leverage Ratio as of the end of each fiscal quarter (i) ending on March 31, 2022, to exceed 4.50 to 1.00, (ii) ending on June 30, 2022, to exceed 4.25 to 1.00, (iii) ending on September 30, 2022, December 31, 2022, March 31, 2023, or June 30, 2023 to exceed 4.00 to 1.00, and (iv) for any quarter ending thereafter, to exceed 3.50 to 1.00. 3.

Appears in 1 contract

Samples: Credit Agreement (Ameresco, Inc.)

Total Funded Debt to EBITDA Ratio. The Loan Parties shall not permit the Core Leverage Ratio (i) as of the end of each fiscal quarter ending on or before June 30, 2016, to exceed 3.50 2.00 to 1.00, and (ii) as of the end of each fiscal quarter ending September 30, 2016, and thereafter to exceed 2.75 to 1.00.

Appears in 1 contract

Samples: Credit and Security Agreement (Ameresco, Inc.)

Total Funded Debt to EBITDA Ratio. The Loan Parties shall not permit the Core Leverage Ratio as of the end of each fiscal quarter to exceed 3.50 2.00 to 1.00.

Appears in 1 contract

Samples: Credit and Security Agreement (Ameresco, Inc.)

Total Funded Debt to EBITDA Ratio. The Loan Parties shall not permit the Core Leverage Ratio as of the end of each fiscal quarter ending June 30, 2019, and thereafter to exceed 3.50 3.25 to 1.00.

Appears in 1 contract

Samples: Credit and Security Agreement (Ameresco, Inc.)

Total Funded Debt to EBITDA Ratio. The Loan Parties shall not permit the Core Leverage Ratio (i) as of the end of each fiscal quarter ending on or before June 30, 2016, to exceed 3.50 2.00 to 1.00, (ii) as of the end of each fiscal quarter ending September 30, 2016, December 31, 2016, March 31, 2017 and June 30, 2017, to exceed 2.75 to 1.00, and (iii) as of the end of each fiscal quarter ending September 30, 2017 and thereafter, to exceed 2.00 to 1.00.

Appears in 1 contract

Samples: Credit and Security Agreement (Ameresco, Inc.)

AutoNDA by SimpleDocs

Total Funded Debt to EBITDA Ratio. The Loan Parties shall not permit the Core Leverage Ratio as of the end of each fiscal quarter (i) ending June 30, 2019, through December 31, 2019, to exceed 3.50 3.25 to 1, (ii) ending March 31, 2020, through December 31, 2020, to exceed 3.75 to 1, and (iii) ending March 31, 2021 and thereafter to exceed 3.25 to 1.00.

Appears in 1 contract

Samples: Credit and Security Agreement (Ameresco, Inc.)

Total Funded Debt to EBITDA Ratio. The Loan Parties shall not permit the Core Leverage Ratio as of the end of each fiscal quarter (i) ending on March 31, 2022, to exceed 4.50 to 1.00, (ii) ending on June 30, 2022, to exceed 4.25 to 1.00, (iii) ending on September 30, 2022 or December 31, 2022, to exceed 4.00 to 1.00, and (iv) for any quarter ending thereafter, to exceed 3.50 to 1.00.. (b)

Appears in 1 contract

Samples: Credit Agreement (Ameresco, Inc.)

Total Funded Debt to EBITDA Ratio. The Loan Parties shall not permit the Core Leverage Ratio as of the end of each fiscal quarter (i) ending on June 30, 2023 to exceed 4.00 to 1.00, (ii) ending on September 30, 2023 to exceed 4.25 to 1.00, and (ii) for any quarter ending thereafter, to exceed 3.50 to 1.00. (h) Section 11.01 of the Credit Agreement is hereby amended to change the reference to “Section 2.12(f)” in Section 11.01(a)(v) to read “Section 2.12(g).” 3.

Appears in 1 contract

Samples: Credit Agreement (Ameresco, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.