Maximum Cash Flow Leverage Ratio. The Company and its consolidated Subsidiaries shall not permit the ratio (the “Cash Flow Leverage Ratio”) of (i) Total Funded Debt to (ii) EBITDA to be greater than the applicable ratio set forth below for each corresponding four (4) fiscal quarter period ending with the end of the applicable fiscal quarter of the Company set forth below. The Cash Flow Leverage Ratio shall be calculated, in each case, determined as of the last day of each fiscal quarter based upon (a) for Debt, Debt as of the last day of each such fiscal quarter; and (b) for EBITDA, the actual amount for Last Twelve-Month Period, provided, that the Cash Flow Leverage Ratio shall be calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical audited and reviewed unaudited financial statements obtained from the seller(s) in such Permitted Acquisition, broken down by fiscal quarter in the Company’s reasonable judgment as if such Permitted Acquisition (including the uses and applications of proceeds in respect thereof and the Debt incurred in conjunction therewith) had occurred on the first day of the Measurement Period (excluding cost savings), provided such pro forma statements shall be substantiated by supporting information reasonably acceptable to the Required Holders. Last Twelve-Month Period Ending Maximum Cash Flow Leverage Ratio March 31, 2010 2.75 to 1.00 June 30, 2010 2.75 to 1.00 September 30, 2010 2.75 to 1.00 December 31, 2010 2.75 to 1.00 March 31, 2011 2.75 to 1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 and the last day of each fiscal quarter thereafter ending 2.50 to 1.00
Maximum Cash Flow Leverage Ratio. The Borrower shall not permit the Cash Flow Leverage Ratio of the Borrower Affiliated Group, determined as at the last day of each fiscal quarter, to be greater than the ratio of 1.0 to 1.0 for the twelve-month period then ended.
Maximum Cash Flow Leverage Ratio. The Borrower and its consolidated Subsidiaries shall not permit the ratio (the “Cash Flow Leverage Ratio”) of (i) Total Funded Indebtedness (excluding the PIK Notes) to (ii) EBITDA to be greater than 2.75 to 1.00. The Cash Flow Leverage Ratio shall be calculated, in each case, determined as of the last day of each fiscal quarter based upon (a) for Indebtedness, Indebtedness as of the last day of each such fiscal quarter; and (b) for EBITDA, the actual amount for Last Twelve-Month Period, provided, that the Cash Flow Leverage Ratio shall be calculated, with respect to Permitted Acquisitions, on a proforma basis using historical audited and reviewed unaudited financial statements obtained from the seller(s) in such Permitted Acquisition, broken down by fiscal quarter in the Borrower’s reasonable judgment as if such Permitted Acquisition (including the uses and applications of proceeds in respect thereof and the Indebtedness incurred in conjunction therewith) had occurred on the first day of the Measurement Period (excluding cost savings other than as permitted by Section 10.9(B)), provided such proforma statements shall be substantiated by supporting information reasonably acceptable to the Agent.
Maximum Cash Flow Leverage Ratio. Asta Funding and its Subsidiaries shall have on a consolidated basis at the end of each Fiscal Quarter a Cash Flow Leverage Ratio of not more than 1.25 to 1.0.
Maximum Cash Flow Leverage Ratio. The Borrower will maintain at all times a maximum Cash Flow Leverage Ratio of not less than the following, to be tested quarterly (i) on an annualized basis during the period ending December 31, 2002, and (ii) on a rolling four quarter basis for each fiscal year thereafter: Maximum Cash Flow Period Leverage Ratio ------ --------------
Maximum Cash Flow Leverage Ratio. Subject to Subsections 4.2(c) and 4.2(d) hereof, Borrower will maintain a maximum Cash Flow Leverage Ratio of not more than (a) 4.5 to 1.0 as of the last day of the fiscal quarter ending on September 30, 2023, (b) 4.0 to 1.0 as of the last day of each fiscal quarter ending on December 31, 2023, and March 31, 2024, (c) 3.5 to 1.0 as of the last day of each fiscal quarter ending on June 30, 2024, and September 30, 2024,and (d) 3.0 to 1.0 as of the last day of each fiscal quarter thereafter. This covenant shall be calculated as of the last day of each fiscal quarter of Borrower.
Maximum Cash Flow Leverage Ratio. A Cash Flow Leverage Ratio of NOT MORE THAN the applicable ratio set forth below for such measurement date: MEASUREMENT DATE MAXIMUM CASH FLOW LEVERAGE RATIO ---------------- -------------------------------- July 31, 2001 3.50 to 1.00 August 31, 2001 3.50 to 1.00 September 30, 2001 3.50 to 1.00 October 31, 2001 3.00 to 1.00 November 30, 2001 3.00 to 1.00 December 31, 2001 2.50 to 1.00
Maximum Cash Flow Leverage Ratio. Borrower shall not permit its Cash Flow Leverage Ratio for any Fiscal Quarter ending on or after the Closing Date to exceed 4.0:1.0; provided, however, that if a Qualifying IPO occurs, then the maximum Cash Flow Leverage Ratio shall be 3.0:1.0 for each Fiscal Quarter ending after the Qualifying IPO.
Maximum Cash Flow Leverage Ratio. During the term of the Loans and the Bond, the Obligors' Cash Flow Leverage Ratio, on a consolidated basis, shall not exceed (a) 3.0:1.0 as at the end of each successive fiscal quarter between the date hereof and Xxxxx 00, 0000, (x) 2.75:1.0 as at the end of each successive fiscal quarter between April 1, 2000 and March 31, 2001, (c) 2.5:1.0 as at the end of each successive fiscal quarter between April 1, 2001 and March 31, 2002, and (d) 2.25:1.0 as at the end of each successive fiscal quarter thereafter. The Obligors' compliance herewith shall be tested quarterly by the Banks, commencing as at September 30, 1999, and continuing as at each successive December 31, March 31, June 30, and September 30 thereafter.
Maximum Cash Flow Leverage Ratio. The Company and its consolidated Subsidiaries shall not permit the ratio (the “Cash Flow Leverage Ratio”) of (i) Total Funded Debt to (ii) EBITDA to be greater than 2.75 to 1.00. The Cash Flow Leverage Ratio shall be calculated, in each case, determined as of the last day of each fiscal quarter based upon (a) for Debt, Debt as of the last day of each such fiscal quarter; and (b) for EBITDA, the actual amount for Last Twelve-Month Period, provided, that the Cash Flow Leverage Ratio shall be calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical audited and reviewed unaudited financial statements obtained from the seller(s) in such Permitted Acquisition, broken down by fiscal quarter in the Company’s reasonable judgment as if such Permitted Acquisition (including the uses and applications of proceeds in respect thereof and the Debt incurred in conjunction therewith) had occurred on the first day of the Measurement Period (excluding cost savings other than as permitted by Section 22.7(b)), provided such pro forma statements shall be substantiated by supporting information reasonably acceptable to the Required Holders.
