TOTAL INDEBTEDNESS TO EBITDA. Permit or suffer the ratio of Total Indebtedness of the Company and its Subsidiaries on a Consolidated basis to EBITDA of the Company and its Subsidiaries on a Consolidated basis to exceed 2.5 to 1.0. For purposes of this Section 5.2(c), (i) the ratio of Total Indebtedness to EBITDA shall be calculated on the last day of each of the Company's fiscal quarters for the then most-recently ended four consecutive fiscal quarters, (ii) Indebtedness arising in connection with Notional Pooling Accounts permitted under Section 5.2(d)(x) shall not be included in any calculation of Total Indebtedness under this Section 5.2(c), and (iii) Total Indebtedness, on any date of calculation, shall only include that portion of Foreign Affiliate Contingent Liabilities in excess of US$50,000,000.
TOTAL INDEBTEDNESS TO EBITDA. AS TO THE LAST DAY OF EACH FISCAL QUARTER SET FORTH BELOW (THE "CALCULATION DATE"), A RATIO OF (I) HOLDINGS' TOTAL INDEBTEDNESS ON SUCH CALCULATION DATE, TO (II) HOLDINGS' EBITDA FOR THE TWELVE CALENDAR MONTH PERIOD ENDING ON SUCH CALCULATION DATE, OF NOT GREATER THAN THE RATIO SET FORTH BELOW ON THE CALCULATION DATE CORRESPONDING THERETO: CALCULATION DATE RATIO ---------------- -----
TOTAL INDEBTEDNESS TO EBITDA. Permit the ratio of Consolidated Total Indebtedness of the Borrower on the last day of any fiscal quarter of the Borrower to Consolidated EBITDA of the Borrower for the period of four consecutive fiscal quarters of the Borrower ending on such date to be greater than the amount set forth below opposite the last day of such fiscal quarter: Date Ratio ---- ----- March 31, 1997 3.75 to 1.0 June 30, 1997 3.75 to 1.0 September 30, 1997 3.75 to 1.0 December 31, 1997 3.75 to 1.0 March 31, 1998 3.75 to 1.0 June 30, 1998 3.75 to 1.0 September 30, 1998 3.75 to 1.0 December 31, 1998 3.75 to 1.0 March 31, 1999 3.25 to 1.0 June 30, 1999 3.25 to 1.0 September 30, 1999 3.25 to 1.0 December 31, 1999 3.25 to 1.0 March 31, 2000 3.00 to 1.0 June 30, 2000 3.00 to 1.0 September 30, 2000 3.00 to 1.0 December 31, 2000 3.00 to 1.0 March 31, 2001 3.00 to 1.0 June 30, 2001 3.00 to 1.0 September 30, 2001 3.00 to 1.0 December 31, 2001 3.00 to 1.0
TOTAL INDEBTEDNESS TO EBITDA. Borrower shall not permit the ratio of Total Indebtedness calculated as of any date set forth below to EBITDA for the twelve (12) month period ending on such date to be greater than the ratio set forth below for such date: Date Ratio December 31, 2005 and the last day of each fiscal quarter thereafter through December 31, 2007 4.75 March 31, 2008 and the last day of each fiscal quarter thereafter 4.50 The aggregate balance of the Revolving Loan included in Total Indebtedness as of any date of determination shall be equal to the average balance of the Revolving Loan for such date and the last day of the two immediately preceding months. With respect to each Target acquired by Borrower during any such twelve month period, EBITDA shall be adjusted by an amount equal to the Pro Forma EBITDA of such Target for the portion of such twelve month period which precedes the acquisition of such Target.
TOTAL INDEBTEDNESS TO EBITDA. Borrower shall maintain on a ---------------------------- consolidated basis, as of the last day of each calendar month, a ratio of Total Indebtedness to EBITDA (defined below) of at least the following amounts at the following times: Indebtedness/ ------------ EBITDA Ratio: Period: ------------- ------ 3.0 to 1.0 From and after December 31, 2002
TOTAL INDEBTEDNESS TO EBITDA. The ratio of Total Indebtedness calculated as of any date set forth below to EBITDA for the twelve (12) month period ending on such date shall not be greater than the ratio set forth below for such date: DATE RATIO ---- ----- September 30, 2004 and the last 4.25 day of each fiscal quarter thereafter The aggregate balance of the Revolving Loan and the US Facility Revolving Loans included in Total Indebtedness as of any date of determination shall be equal to the average balance of the Revolving Loan and the US Facility Revolving Loans, respectively, for such date and the last day of the two immediately preceding months. With respect to each Target acquired by US Borrower during any such twelve month period, EBITDA shall be adjusted by an amount equal to the Pro Forma EBITDA of such Target for the portion of such twelve (12) month period which precedes the acquisition of such Target by US Borrower.
TOTAL INDEBTEDNESS TO EBITDA. For purposes of calculating the Base Rate Margin, the Eurodollar Margin and the Letter of Credit Fee pursuant to the terms of the Second Amended and Restated Loan Agreement, as of the date on which this Amendment becomes effective in accordance with Section 2 hereof, Borrower's ratio of Total Indebtedness to EBITDA is hereby agreed to be greater than 2.00 to 1. Thereafter, and commencing with the quarter ending June 30, 2006, the applicable Margins shall be re-determined by Administrative Agent promptly after each delivery by Borrower to Administrative Agent of Borrower's Financial Statements (and accompanying Compliance Certificate) as required in Section 14.14.2 of the Second Amended and Restated Loan Agreement, and will become applicable on the third Business Day following the day when Borrower delivers such Financial Statements (and accompanying Compliance Certificate) to Administrative Agent.
TOTAL INDEBTEDNESS TO EBITDA. The ratio of (i) Total Indebtedness to (ii) EBITDA as at the last day of any period of four consecutive Fiscal Quarters of the Parent Guarantor shall not be less than (A) 5.50:1, from the Agreement Date through December 31, 2000, (B) 5.25:1, from January 1, 2001 through December 31, 2001, and (C) 5.00:1 thereafter; provided, however, that if prior to December 31, 2000 the Parent Guarantor or any of its Subsidiaries makes a Significant Acquisition, then the ratio of Total Indebtedness to EBITDA shall not be less than 6.0:1 from the Significant Acquisition Date through the earlier of (x) December 31, 2000 and (y) eighteen (18) months after such transaction is consummated.
TOTAL INDEBTEDNESS TO EBITDA. As of the last day of each fiscal quarter set forth below (the "CALCULATION DATE"), a ratio of (i) Holdings' Total Indebtedness on such Calculation Date, to (ii) Holdings' EBITDA for the twelve calendar month period ending on such Calculation Date, of not greater than the ratio set forth below on the Calculation Date corresponding thereto: Calculation Date Ratio ----------------- -----
TOTAL INDEBTEDNESS TO EBITDA. Section 8.2 of the Loan Agreement is hereby amended by replacing it in its entirety with the following:
