Ratio of Funded Debt to EBITDA. As of the end of each Fiscal Quarter the ratio of Funded Debt as of the end of such Fiscal Quarter to EBITDA for the period of 4 consecutive Fiscal Quarters then ended shall be less than 3.10 to 1.0.
Ratio of Funded Debt to EBITDA. Permit the ratio of (i) Funded Debt to (ii) EBITDA, as of the last day of the fiscal quarter of Borrowers and their Subsidiaries, calculated at the end of each such quarter on a rolling four (4) quarter basis, to be greater than 3.75:1.00.
Ratio of Funded Debt to EBITDA. The Borrower will not, (i) as of each of June 30, 2013, September 30, 2013 and December 31, 2013, permit its ratio of Funded Debt as of such time to Annualized EBITDA to exceed 4.00 to 1.00, and (ii) as of the last day of any fiscal quarter beginning with the fiscal quarter ending March 31, 2014, permit its ratio of Funded Debt as of such time to EBITDA for the four quarter period then ended to exceed 4.00 to 1.00.”
Ratio of Funded Debt to EBITDA. Parent and its Subsidiaries will at all times maintain a Ratio of Funded Debt to EBITDA of not greater than 3.50 to 1.00. The Ratio of Funded Debt to EBITDA will be calculated and tested quarterly as of the last day of each fiscal quarter of Parent, and for purposes of calculating the Ratio of Funded Debt to EBITDA, EBITDA shall be calculated for the period of four fiscal quarters ended as of the date of calculation.
Ratio of Funded Debt to EBITDA. The Borrower will not, as of the last day of any fiscal quarter beginning with the fiscal quarter ending June 30, 2011, permit its ratio of Funded Debt as of such time to EBITDA to exceed 3.5 to 1.0. For purposes of calculating this ratio for the period ending June 30, 2011, EBITDA shall be calculated by annualizing the EBITDA for such period by multiplying EBITDA for the first quarter ended June 30, 2011 by 4. For purposes of calculating this ratio for the period ending September 30, 2011, EBITDA shall be calculated by annualizing the EBITDA for such period by multiplying EBITDA for the first two quarters ended September 30, 2011 by 2. For purposes of calculating this ratio for the period ending December 31, 2011, EBITDA shall be calculated by annualizing the EBITDA for such period by multiplying EBITDA for the first three quarters ended December 31, 2011 by 4/3. Thereafter, EBITDA shall be calculated at the end of each fiscal quarter using the results of the twelve-month period ending with that fiscal quarter end.
Ratio of Funded Debt to EBITDA. The Borrower will not permit its ratio of Funded Debt to EBITDA on a consolidated basis for the Obligors to be 1.75 to 1.00 or greater at any time.
Ratio of Funded Debt to EBITDA. As of the end of each Fiscal Quarter, the ratio of Funded Debt as of the end of such Fiscal Quarter to EBITDA for the period of 4 consecutive Fiscal Quarters then ended shall be less than (a) 4.35 to 1.0 for each Fiscal Quarter ending on or before June 30, 2001, (b) 4.25 to 1.0 for each Fiscal Quarter ending after June 30, 2001, and on or before December 31, 2001, (c) 4.00 to 1.0 for each Fiscal Quarter ending after December 31, 2001, and on or before Marcx 00, 0000, (x) 0.05 to 1.0 for each Fiscal Quarter ending after March 30, 2002, and on or before June 30, 2002, (e) 3.50 to 1.0 for each Fiscal Quarter ending after June 30, 2002, and on or before December 31, 2002, and (c) 3.00 to 1.0 for each Fiscal Quarter thereafter.
Ratio of Funded Debt to EBITDA. Borrower will at all times maintain a Ratio of Funded Debt to EBITDA of not greater than 2.00 to 1.00. The Ratio of Funded Debt to EBITDA shall be calculated and tested quarterly, as of the last day of each fiscal quarter of Borrower, commencing with the fiscal quarter ending December 31, 2005 on a cumulative basis for the four quarters ended as of such date (a "rolling four quarter" basis).
Ratio of Funded Debt to EBITDA. Parent and its Subsidiaries will at all times maintain a Ratio of Funded Debt to EBITDA of not greater than (a) 3.85 to 1.00 for the quarter ended September 30, 2002, and (b) 3.50 to 1.00 for the quarter ending December 31, 2002 and at all times thereafter. The Ratio of Funded Debt to EBITDA will be calculated and tested quarterly as of the last day of each fiscal quarter of Parent, and for purposes of calculating the Ratio of Funded Debt to EBITDA, EBITDA shall be calculated for the period of four fiscal quarters ended as of the date of calculation. Notwithstanding the foregoing, if the Vessel Purchase Event occurs, the Ratio of Funded Debt to EBITDA shall be not greater than 3.90 to 1.00 for the fiscal quarter of Parent ending December 31, 2002; provided, however, that for the fiscal quarter of Parent ending December 31, 2002, in calculating the Ratio of Funded Debt to EBITDA, an amount equal to fifty percent (50%) of the acquisition cost of the new vessel shall be subtracted from Funded Debt in the numerator; provided, further, that as of the end of all other fiscal quarters of Parent, the Ratio of Funded Debt to EBITDA shall be not greater than 3.50 to 1.00 as provided in clause (b) of the first sentence of this Section 9.6; and provided, further, that, except for the change in the Ratio of Funded Debt to EBITDA described in this sentence at the times described in this section, this sentence does not constitute an amendment or waiver of any provision of this Agreement.
Ratio of Funded Debt to EBITDA. Guarantor and its Subsidiaries will at all times maintain a Ratio of Funded Debt to EBITDA of not greater than (a) 3.95 to 1.00 as of March 31, 2002, and (b) 3.50 to 1.00 as of June 30, 2002 and at all times thereafter. The Ratio of Funded Debt to EBITDA will be calculated and tested quarterly as of the last day of each fiscal quarter of Guarantor, and for purposes of calculating the Ratio of Funded Debt to EBITDA, EBITDA shall be calculated for the period of four fiscal quarters ended as of the date of calculation.
