Examples of Total Debt in a sentence
Each Lien incurred or assumed, each Sale and Lease-Back Transaction entered into and each other transaction undertaken will be deemed to have been incurred, assumed or taken first, to the extent available, pursuant to the relevant Fixed Charge Coverage Ratio, Consolidated Secured Debt Ratio or Consolidated Total Debt Ratio test.
Maintain a ratio of (i) Consolidated Total Debt as of such Measurement Date to (ii) Consolidated EBITDAR for the four fiscal quarter period ending on such Measurement Date of not greater than (x) 4.25:1.0 for the fiscal quarter periods ending on each of November 1, 2024, and January 31, 2025, and (y) 3.75:1.0 thereafter.
Xxxxxxxx agrees to establish and maintain with the Lender a Collateral Account with a balance not less than Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) until such time as the Senior Debt Service covenant is replaced by a Total Debt Service Covenant of 1.15 : 1:00 at which time funds shall be released at Lender’s sole discretion.
Permit the ratio, determined as of the end of each of its fiscal quarters, of (i) Consolidated Total Debt to (ii) Consolidated Total Capitalization to be greater than 0.67 to 1.00.
The Total Debt to EBITDA Ratio of the Borrower and its Subsidiaries as of the Effective Date shall not be greater than 4.25 to 1.00.