Facility Limiter Amount definition
Facility Limiter Amount means, as of any date of determination, the product of 4.25 times the TTM EBITDA as determined based on the most recent quarterly financial statements delivered to Agent pursuant to Section 5.3.
Facility Limiter Amount means, as of any date of determination, (a) during the period from and after the Second Amendment Effective Date up to and including December 31, 2006, the product of 5.25 times the TTM EBITDA and (b) thereafter, the product of 4.75 times the TTM EBITDA, in each case, as determined based on the most recent quarterly financial statements delivered to Agent pursuant to Section 5.3.”
Facility Limiter Amount is hereby amended and restated in its entirety to read as follows:
Examples of Facility Limiter Amount in a sentence
Permit the sum of the Revolver Usage plus the aggregate outstanding principal amount of the Term Loans to exceed the Facility Limiter Amount.
Permit the sum of the Revolver Usage plus the aggregate outstanding principal amount of Term Loan A to exceed the Senior Facility Limiter Amount.
More Definitions of Facility Limiter Amount
Facility Limiter Amount means (a) at any time prior to and including December 31, 2004, the lesser of (i) 4.70 times Breeze TTM EBITDA and (ii) 5.6 times Consolidated TTM EBITDA; (b) for the period commencing January 1, 2005 through and including March 31, 2005, the lesser of (i) 4.70 times Breeze TTM EBITDA and (ii) 5.5 times Consolidated TTM EBITDA; and (c) at all times after March 31, 2005, the lesser of (i) 4.00 times Breeze TTM EBITDA and (ii) 5.00 times Consolidated TTM EBITDA.
Facility Limiter Amount means (a) at any time prior to and including March 31, 2007, 3.75 times Consolidated TTM EBITDA; (b) for the period commencing April 1, 2007 through and including March 31, 2008, 3.50 times Consolidated TTM EBITDA; (c) for the period commencing April 1, 2008 through March 31, 2009, 2.75 times Consolidated TTM EBITDA; and (d) at all times after March 31, 2009, 2.25 times Consolidated TTM EBITDA.