Total Indebtedness Limitation Sample Clauses

Total Indebtedness Limitation. Consolidated Total Indebtedness shall not exceed at any time the lesser of (i)(A) on or before December 31, 1999, 4.75 times the trailing four (4) quarter Adjusted EBITDA or (B) 4.5 times the trailing four (4) quarter Adjusted EBITDA thereafter, or (ii) forty-five percent (45%) of the Borrower's Cost in all Hotel Properties; provided, however, that if at any time during the term of this Agreement the actual ratio of Indebtedness divided by Adjusted EBITDA is equal to or less than 4.20:1.00, then at all times thereafter Consolidated Total Indebtedness shall not exceed at any time the lesser or 4.25 times the trailing four (4) quarter Adjusted EBITDA, or (ii) forty-five percent (45%) of the Borrower's Cost in all Hotel Properties. For the purposes of determining compliance with this covenant, Cost shall include the Borrower's, the Guarantor's and their Subsidiaries' pro rata Cost in any Hotel Properties owned by Joint Ventures. Not later than January 15, 2000, Borrower shall furnish to the Lenders a compliance certificate in accordance with the requirements of Section 7.1(e), showing the calculations and computations necessary to determine compliance with the financial covenants contained in this Agreement (including such schedules and backup information as may be necessary to demonstrate such compliance) in effect as of January 1, 2000.
Sample 1
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Total Indebtedness Limitation. Consolidated Total Indebtedness shall not exceed at any time (A) 5.5 times the trailing four (4) quarter Adjusted EBITDA for the period through December 31, 2003, (B) 5.25 times the trailing four (4) quarter Adjusted EBITDA for the period from March 31, 2004 through December 31, 2004, and (C) 5.0 times the trailing four (4) quarter Adjusted EBITDA for the period from March 31, 2005 through the Facility Termination Date.
Sample 1
Total Indebtedness Limitation. Consolidated Total Indebtedness shall not exceed at any time the lesser of (i) four (4) times the trailing four (4) quarter Adjusted EBITDA, or (ii) forty percent (40%) of the Borrower's Cost in all Hotel Properties. For the purposes of determining compliance with this covenant, Cost shall include the Borrower's, the Guarantor's and their Subsidiaries' pro rata Cost in any Hotel Properties owned by Joint Ventures.
Sample 1
Total Indebtedness Limitation. Consolidated Total Indebtedness shall not exceed at any time 4.5 times the trailing four (4) quarter Adjusted EBITDA.
Sample 1

Related to Total Indebtedness Limitation

  • Total Indebtedness Create, incur, assume, or suffer to exist, or permit any Subsidiary of Borrower to create, incur or suffer to exist, any Indebtedness, except:

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Consolidated Senior Secured Leverage Ratio Upon and after the consummation of a Qualified Notes Offering, permit the Consolidated Senior Secured Leverage Ratio as of the end of any fiscal quarter of the US Borrower (beginning with the fiscal quarter ended September 30, 2018) to be greater than (A) during a Specified Acquisition Period, 4.00 to 1.00, and (B) at all other times, 3.50 to 1.00.

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Consolidated Senior Leverage Ratio The Company will not permit the Consolidated Senior Leverage Ratio on the last day of any fiscal quarter of the Company ending in a period set forth below to exceed the ratio set forth below applicable to such period: Period Maximum Ratio January 1, 2015 to and including June 30, 2016 5.0 to 1.0 July 1, 2016 to and including September 30, 2016 4.5 to 1.0 October 1, 2016 to and including December 31, 2016 4.0 to 1.0 January 1, 2017 and thereafter 3.0 to 1.0 ”

  • Maximum Secured Leverage Ratio As of the last day of any fiscal quarter, the Secured Leverage Ratio to exceed forty percent (40%);

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

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