Funded Debt to Cash Flow. As of the end of any Quarter during the term of the Loan, permit the ratio of Funded Debt to Annualized Cash Flow to exceed the following ratios: SIXTH AMEND TO CRED AGM.2 Funded Debt to Annualized For any Quarter Ending During or On: Cash Flow Ratio September 30, 2006 3.00:1.0 December 31, 2006 through March 31, 2007 2.75:1.0 June 30, 2007 through March 31, 2008 2.50:1.0 June 30, 2008 through March 31, 2009 2.25:1.0 June 30, 2009, and thereafter 2.00:1.0
Funded Debt to Cash Flow. Borrower's consolidated Funded Debt to Cash Flow Ratio was to 1.0 as computed on Funded Debt to Cash Flow Exhibit attached hereto; Capital Expenditures. Borrower's Capital Expenditures were $ . (Maximum of $5,000,000 permitted) Acquisitions. Borrower spent $ on Acquisitions (Maximum of $5,000,000 permitted).
Funded Debt to Cash Flow. Giving Pro-Forma Effect to any Permitted Acquisition made or to be made or Indebtedness incurred or to be incurred as of the date of determination, at the end of each fiscal quarter, a ratio of Funded Debt to Cash Flow for the four (4) quarters just ended of not greater than 3.50 to 1.0.
Funded Debt to Cash Flow. Section 7.11.3 of the Credit Agreement is deleted in its entirety and replaced with the following:
Funded Debt to Cash Flow. Borrower will maintain, as of each fiscal quarter end set forth below, a ratio of all outstanding Senior Funded Debt of Borrower at the such quarter end, to (ii) consolidated net income after taxes plus interest expense, depreciation and amortization for the period then ending, of not more than the ratio set forth opposite such quarter end below.
Funded Debt to Cash Flow. The Borrowers shall maintain, on a consolidated basis, a ratio of Funded Debt to Cash Flow of not more than: (i) 4.25 to 1 from the date of this Agreement through July 25, 1998; (ii) 3.95 to 1 from July 26, 1998, through October 31, 1998; (iii) 3.50 to 1 from November 1, 1998 through October 30, 1999; and (iv) 3.00 to 1 at October 31, 1999 and at the end of each fiscal year thereafter.
Funded Debt to Cash Flow. Permit their Consolidated ratio of Senior Funded Debt to EBITDA (defined as Annualized actual EBITDA for the most recent fiscal quarter plus Annualized actual pre-acquisition EBITDA for the most recent fiscal quarter of Persons acquired by the Company during that quarter) to be greater than 4.00 to 1.00 for any fiscal quarter.
Funded Debt to Cash Flow. Customer's Funded Debt shall not exceed a multiple of 3.5 times Customer's Cash Flow. The term "Funded Debt" shall be defined as all indebtedness that has a final maturity date more than one year after the date of creation thereof (or which is renewable or extendable at the option of the debtor(s) to a date more than one year from the date of creation), including all final and serial maturities, prepayments and sinking fund payments required to be made in one year or less after the date of determination thereof (notwithstanding the fact that any amount thereof is at the time also included in current liabilities as defined by GAAP). The term "Cash Flow" shall mean Customer's Earnings Before Preopening Expenses (as identified by Customer's accountant, but not to exceed $2,000,000.00 in any fiscal year), Interest, Taxes, Depreciation and Amortization, as set forth on Customer's regular consolidated financial statements prepared in a manner consistent with the terms hereof.
Funded Debt to Cash Flow. Commencing September 30, 2005, the Consolidated Company shall have a ratio of all outstanding funded debt to Annualized Cash Flow of no more than 2.50 to 1.00, measured on a quarterly basis. “Annualized Cash Flow” is defined as (i) annualized trailing two quarters Cash Flow for the period ending September 30, 2005, (ii) annualized three-quarters Cash Flow for the period ending December 31, 2005, and (iii) the trailing four-quarter Cash Flow for the period ending March 31, 2006 and each quarter thereafter.
Funded Debt to Cash Flow. Customer's Funded Debt shall not exceed a multiple of 3.5 times Customer's Cash Flow. The term "Funded Debt" shall be defined as all indebtedness that has a final maturity date more than one year after the date of creation thereof (or which is renewable or extendable at the
