Adjusted Debt to EBITDAR Sample Clauses

Adjusted Debt to EBITDAR. The Borrower will not permit the ratio of (i) Adjusted Debt to (ii) EBITDAR at the end of any Fiscal Quarter to be greater than the amount set forth in the following table: Quarter Ending Ratio -------------- ----- 6/30/03 5.25:1 9/30/03 5.25:1 12/31/03 5.25:1 3/31/04 5.00:1 6/30/04 5.00:1 9/30/04 5.00:1 12/31/04 5.00:1 3/31/05 4.75:1 6/30/05 4.75:1 9/30/05 4.50:1 12/31/05 4.50:1 3/31/06 4.50:1 6/30/06 4.50:1 9/30/06 4.25:1 12/31/06 4.25:1 3/31/07 4.25:1 6/30/07 4.25:1 9/30/07 4.00:1 12/31/07 4.00:1
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Adjusted Debt to EBITDAR. At no time shall Adjusted Debt to EBITDAR exceed 4.50 to 1.00.
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Adjusted Debt to EBITDAR. The ratio of (i) Consolidated Adjusted Debt to (ii) EBITDAR at the end of any Fiscal Quarter, to be greater than the amount set forth in the table below: FISCAL QUARTER ENDING RATIO ----------------------------------------------------------------------- ----------- December 31, 2003, March 31, 2004, June 30, 2004 and September 30, 2004 5.35 to 1.0 December 31, 2004, March 31, 2005 and June 30, 2005 5.00 to 1.0 September 30, 2005, December 31, 2005, March 31, 2006 and June 30, 2006 4.75 to 1.0 September 30, 2006, December 31, 2006, March 31, 2007 and June 30, 2007 4.25 to 1.0 September 30, 2007, and any Fiscal Quarter ending thereafter 4.00 to 1.0
Sample 1
Adjusted Debt to EBITDAR. Borrower shall not permit Adjusted Debt to EBITDAR to exceed 4.75 to 1.00 as of the last day of any such fiscal quarter, provided that the Borrower may, in its sole discretion, upon the consummation of a Qualified Acquisition, elect to have the covenant step up to a maximum of 5.00 to 1.00. Such election must be made by Borrower within the 12 full months following the consummation of the applicable Qualified Acquisition. The covenant will be measured beginning with the first fiscal quarter end following such election and continue for the next three fiscal quarter ends thereafter (e.g., if a Qualified Acquisition closed in January 2017 and the Borrower selected September 2017 as the testing commencement month, the 5.00 to 1.00 covenant requirement would apply and be measured from and including the fiscal quarter ending on September 30, 2017 through and including the fiscal quarter ending on June 30, 2018). Such step up option may only be elected two times over the life of this Agreement (each of which must be elected with respect to different Qualified Acquisitions).
Sample 1
Adjusted Debt to EBITDAR. The Guarantor shall maintain, as of any date, the ratio of (a) Adjusted Debt (as defined in Section 10.3 below) on such date to (b) EBITDAR (as defined in Section 10.3 below) for the four consecutive fiscal quarter period ended immediately prior to such date or then ending in respect of which financial statements have been delivered under this Guarantee, no greater than 3.50 to 1.00.
Sample 1
Adjusted Debt to EBITDAR. Borrower shall not permit Adjusted Debt to EBITDAR to exceed (i) 5.50 to 1.00 as of the last day of the fiscal quarter ending June 27, 2020, (ii) 6.00 to 1.00 as of the last day of the fiscal quarter ending September 26, 2020, (iii) 6.25 to 1.00 as of the last day of the fiscal quarter ending December 26, 2020, (iv) 5.50 to 1.00 as of the last day of the fiscal quarter ending March 27, 2021, (v) 5.00 to 1.00 as of the last day of the fiscal quarter ending June 26, 2021, and (vi) 4.75 to 1.00 as of the last day of any fiscal quarter ending after June 26, 2021, provided that following June 26, 2021, the Borrower may, in its sole discretion, upon the consummation of a Qualified Acquisition, elect to have the covenant for fiscal quarters ending after June 26, 2021, step up to a maximum of 5.00 to 1.00. Such election must be made by Borrower within the 12 full months following the consummation of the applicable Qualified Acquisition. The covenant will be measured beginning with the first fiscal quarter end following such election and continue for the next three fiscal quarter ends thereafter (e.g., if a Qualified Acquisition closed in January 2022 and the Borrower selected September 2022 as the testing commencement month, the 5.00 to 1.00 covenant requirement would apply and be measured from and including the fiscal quarter ending on September 2022 through and including the fiscal quarter ending on June 2023). Such step up option may only be elected two times over the life of this Agreement (each of which must be elected with respect to different Qualified Acquisitions).
Sample 1
Adjusted Debt to EBITDAR. 63 SECTION 6.11. Asset Test.............................................................................. 64 SECTION 6.12. Disclosure.............................................................................. 64 SECTION 6.13. Sale of Assets.......................................................................... 64 SECTION 6.14.
Sample 1
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Related to Adjusted Debt to EBITDAR

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 1.0.

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • 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.

  • Debt to EBITDA Ratio Maintain, as of the end of each fiscal quarter, a ratio of (i) Debt, excluding Debt in respect of Hedge Agreements, as of such date to (ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than 4.0 to 1.0.

  • Adjusted Leverage Ratio The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00

  • Funded Debt Ratio Maintain its Funded Debt Ratio at not greater than (a) 3.75 to 1.00 at each fiscal quarter ending through and including December 31, 2003, (b) 3.50 to 1.00 as of March 31, 2004 and June 30, 2004, (c) 3.00 to 1.00 as of September 30, 2004, (b) 2.50 to 1.00 as of December 31, 2004 and at each fiscal quarter ending thereafter through and including September 30, 2005, and (c) 2.00 to 1.00 as of December 31, 2005 and as of each fiscal quarter ending thereafter.

  • Total Debt Ratio The Loan Parties will not at any time permit the Total Debt Ratio to exceed 4.0 to 1.0. 10.17

  • Senior Debt to EBITDA Ratio Not permit the Senior Debt to EBITDA Ratio to be greater than 2.15 to 1.00 as of the end of the Company’s fiscal quarter ending on or about December 31, 2004 or the end of any fiscal quarter thereafter; such ratio to be determined in accordance with GAAP using the ratio of Senior Debt as of the end of such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.

  • 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.

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