Funded Debt to EBITDA. Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Funded Debt to EBITDA. Maintain, tested on the last day of each fiscal quarter, a ratio of (i) Funded Debt of Borrower as of the last day of such fiscal quarter to (ii) EBITDA for the four (4) consecutive fiscal quarters of Borrower then ended, not greater than 3.25 to 1.
Funded Debt to EBITDA. The Borrowers will not allow their ratio of (i) Consolidated Funded Debt to (ii) Consolidated EBITDA to be greater than (A) 2.75 to 1.0 as of the end of any fiscal quarter from December 31, 2001 to March 31, 2003, and (B) 2.5 to 1.0 as of the end of any fiscal quarter thereafter
Funded Debt to EBITDA. The Obligors will not permit the ratio of Funded Debt to EBITDA of the Obligors as of the end of any fiscal quarter of the Obligors beginning September 30, 2007 (calculated on a consolidated basis based upon the four most recently completed fiscal quarters) to be greater than 4.00 to 1.00.
Funded Debt to EBITDA. A ratio not exceeding 2.0:1.0.
Funded Debt to EBITDA. The Borrower will not, as at the end of any four consecutive fiscal quarters of the Borrower, permit the ratio of (a) Consolidated Funded Debt as at such quarter end to (b) EBITDA for such four consecutive fiscal quarters then ended to be greater than 3.25:1.00.
Funded Debt to EBITDA. As of each of the measurement dates set forth in the chart below, the Borrowers and their respective consolidated Subsidiaries shall maintain a ratio of: (a) consolidated Funded Debt as of such date, minus the aggregate collected cash balance in Deposit Accounts of the Borrowers maintained with the Bank as of such date; to (b) consolidated EBITDA (the “Leverage Ratio”) for the period of twelve (12) consecutive calendar months then-ended of not greater than the amount set forth opposite such measurement date in the chart below: Measurement Date Maximum Leverage Ratio June 30, 2017 4.75 to 1.00 September 30, 2017 3.00 to 1.00 December 31, 2017 and the last day of each calendar quarter ending thereafter 2.50 to 1.00
Funded Debt to EBITDA. Permit the ratio of Funded Debt to EBITDA, at the close of any fiscal quarter, beginning with the March 31, 2001 Financial Statements, for the previous four quarters to be more than the Permitted Ratio (herein defined). This ratio shall be
Funded Debt to EBITDA. The Borrowers shall not permit the ratio of Funded Debt as of the last day of any fiscal quarter to EBITDA of the Company for the period of four consecutive fiscal quarters ending on the last day of such fiscal quarter to exceed 3.5 to 1.0.
Funded Debt to EBITDA. The Borrower will not permit the ratio of Funded Debt to EBITDA of the Borrower as of the end of any fiscal quarter of the Borrower (on a consolidated basis calculated quarterly based upon the four most recently completed quarters) to be more than 3.50 to 1.00. For the purposes of calculating the ratio of Borrower’s Funded Debt to EBITDA, (i) the EBITDA and Funded Debt attributable to the Unrestricted Entities (except for cash distributions from Anthem Securities, Inc. paid to Borrower or Guarantors) shall be excluded, and (ii) Funded Debt shall not include: (a) “asset retirement obligations,” as such term is used in FASB Statement 143, to the extent such asset retirement obligations relate to the plugging and abandonment of xxxxx; or (b) liabilities under Hedging Agreements.
