Unencumbered EBITDA Ratio Sample Clauses

Unencumbered EBITDA Ratio. Section 9.08. From and after the Second Amendment Effective Date, Section 9.08 of the Credit Agreement shall be amended by deleting the text "0.36:1.00" appearing in said Section and inserting the text "(x) in the case of any Test Period ending on or prior to June 30, 2003, 0.36:1.00 and (y) in the case of any Test Period ended thereafter, 0.30:1.00" in lieu thereof.
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Unencumbered EBITDA Ratio. Holdings and the Borrower will -------------------------- not permit the Unencumbered EBITDA Ratio for any Test Period ending on the last day of a fiscal quarter of Holdings set forth below to be less than the ratio opposite such fiscal quarter below: Fiscal Quarter Ending Ratio --------------------- ----- Closest To ---------- September 30, 1998 0.425:1.00 December 31, 1998 0.425:1.00 March 31, 1999 0.425:1.00 June 30, 1999 0.475:1.00 September 30, 1999 0.50:1.00 December 31, 1999 0.50:1.00 March 31, 2000 0.50:1.00 June 30, 2000 0.50:1.00 September 30, 2000 0.50:1.00 December 31, 2000 0.50:1.00 March 31, 2001 0.50:1.00 June 30, 2001 0.50:1.00 September 30, 2001 0.55:1.00 December 31, 2001 0.55:1.00 March 31, 2002 0.55:1.00 June 30, 2002 0.55:1.00 September 30, 2002 0.60:1.00 December 31, 2002 0.60:1.00 March 31, 2003 0.60:1.00 June 30, 2003 0.60:1.00"
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Unencumbered EBITDA Ratio. Section 9 of the Credit Agreement is hereby further amended by adding the following new Section 9.23 immediately at the end thereof:
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Unencumbered EBITDA Ratio. The Borrowers will not permit the ratio of Combined EBITDA to Encumbered EBITDA for any test period ending after the Fifth Amendment Effective Date to be less then 4.00:1.00."
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Unencumbered EBITDA Ratio. Holdings and the Borrower will not ------------------------- permit the Unencumbered EBITDA Ratio for any Test Period to be less than 0.40:1.00.
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Unencumbered EBITDA Ratio. Section 9.12(b) of the Credit ------------------------- Agreement is amended by changing the Unencumbered EBITDA Ratio applicable to the Test Period corresponding to the fiscal quarter ending closest to December 31, 1998 from 0.425:1.00 to 0.40:1.00.
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Unencumbered EBITDA Ratio. The Corporation will not permit the ratio of Encumbered EBITDA to Consolidated EBITDA for any Test Period to be greater than 0.36:1.00.
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Related to Unencumbered EBITDA Ratio

  • Unencumbered Leverage Ratio The Parent and the Borrower shall not permit the Unencumbered Leverage Ratio to exceed 60.0% at any time; provided, however, that (I) notwithstanding the foregoing if the Covenant Relief Period ends pursuant to clause (ii) of the definition thereof, during the Ratio Adjustment Period, the Unencumbered Leverage Ratio may exceed 60.0% but shall not exceed 65.0% at any time and (II) after the Ratio Adjustment Period, the Borrower shall have the option, exercisable two times, upon written notice from the Borrower to the Administrative Agent that the Borrower is exercising such option, to elect that the Unencumbered Leverage Ratio may exceed 60.0% for a period not to exceed two (2) full fiscal quarters, such period to commence on the date set forth in such notice (such period, the “Unencumbered Leverage Ratio Surge Period”), so long as (i) the Borrower has delivered a written notice to the Administrative Agent that the Borrower is exercising its option under this subsection (a), (ii) the Unencumbered Leverage Ratio does not exceed 65.0% at any time during the Unencumbered Leverage Ratio Surge Period, (iii) the Borrower completed a Material Acquisition which resulted in such ratio (after giving effect to such Material Acquisition) exceeding 60% at any time during the fiscal quarter in which such Material Acquisition took place, and (iv) an Unencumbered Leverage Surge Period was not in effect for the fiscal quarter immediately preceding the Borrower’s election. The Borrower shall have the option to exercise both an Unencumbered Leverage Ratio Surge Period and a Leverage Ratio Surge Period in the same notice.

  • Maximum Unencumbered Leverage Ratio As of the last day of any fiscal quarter, the Unencumbered Leverage Ratio to exceed sixty percent (60%); provided that, if any Material Acquisition shall occur and the Unencumbered Leverage Ratio shall have been less than sixty percent (60%) for at least one full fiscal quarter immediately preceding the proposed Unencumbered Leverage Ratio Covenant Holiday, then, at the election of the Borrower upon delivery of prior written notice to the Administrative Agent, concurrently with or prior to the delivery of a Compliance Certificate pursuant to Section 7.02(a), and provided that no Default or Event of Default shall have occurred and be continuing, the maximum Unencumbered Leverage Ratio covenant level shall be increased to sixty-five (65%) for the fiscal quarter in which such Material Acquisition is consummated and the three (3) fiscal quarters immediately following the fiscal quarter in which such Material Acquisition is consummated (any such increase an “Unencumbered Leverage Ratio Covenant Holiday”); provided further that not more than two (2) Unencumbered Leverage Ratio Covenant Holidays may be elected by the Borrower during the term of this Agreement;

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of REIT and its Subsidiaries for such period determined on a Consolidated basis.

  • 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.

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

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