Total Debt to EBITDA. As of the end of any fiscal quarter of the Borrower, the Borrower will not permit the ratio of (a) Total Debt to (b) EBITDA for the four fiscal quarters then ending to exceed 3.50:1.00.
Total Debt to EBITDA. As of the end of any fiscal quarter of the Borrower commencing with the fiscal quarter ending September 30, 1998, the ratio of Total Debt to EBITDA shall not exceed 3.00:1 at any time. For the purposes of this Section 9.2, EBITDA shall be calculated on an annualized basis for the fiscal quarters ending September 30, 1998 through the fiscal quarter ending March 31, 1999, and thereafter, for the four fiscal quarters then ending.
Total Debt to EBITDA. Maintain on a consolidated basis, a ratio of Total Debt to EBITDA of not greater than, (x) during the period commencing from the date hereof and ending on the first anniversary of the date hereof, 3.25 to 1.0, (y) during the period commencing from the first anniversary of the date hereof and ending on the second anniversary of the date hereof, 3.0 to 1.0 and (z) thereafter, 2.5 to1.0;
Total Debt to EBITDA. As of the end of each of its fiscal quarters, the Company and its Subsidiaries shall maintain a ratio of consolidated Total Debt plus an amount equal to undrawn Letters of Credit (as defined in the Loan and Security Agreement) under the Facility A Loan Commitment (as defined in the Loan and Security Agreement) and any undrawn Letters of Credit under the Facility B Loan Commitment (as defined in the Loan and Security Agreement) to consolidated trailing twelve (12) month EBITDA of not greater than
Total Debt to EBITDA. As of the end of each of its fiscal quarters, the Borrower shall maintain a ratio of consolidated Total Debt to consolidated EBITDA for such fiscal quarter, of not greater than 3.00 to 1.00.”
Total Debt to EBITDA. As of the end of any fiscal quarter of WMI, WMI will not permit the ratio of (a) Total Debt to (b) EBITDA for the four fiscal quarters then ending to exceed 3.50:1.00.
Total Debt to EBITDA. EBIT (from 6.1(a) item (c) above) $ (i) Plus: Depreciation expense $ (ii) Amortization expense $ (iii) EBITDA (sum of (i) through (iii)) $ (iv) The sum of the following (calculated on a consolidated basis for Waste Management Inc. and its Subsidiaries): Indebtedness for borrowed money $ (v) Obligations for deferred purchase price of property or services (other than trade payables) $ (vi) Obligations evidenced by debt instruments $ (vii) Obligations under conditional sales $ (viii) Obligations, liabilities and indebtedness under Capitalized Leases $ (ix) Obligations, liabilities and indebtedness under bonding arrangements $ (x) (to the extent that a surety has been called upon to make payment on a bond) Guarantees of the Debt of others $ (xi) Debt secured by liens or encumbrances on property $ (xii) Reimbursement obligations with respect to letters of credit $ (xiii) Total Debt (sum of v - xiv) $ (xiv) Ratio of (xv) to (iv) : Maximum ratio: 3.50:1.00 CREDIT AGREEMENT - B2 - DATED . WASTE MANAGEMENT, INC. By: Name: Title: By: Name: Title: WASTE MANAGEMENT OF CANADA CORPORATION By: Name: Title: By: Name: Title: WM QUÉBEC INC. By: Name: Title: By: Name: Title: CREDIT AGREEMENT SCHEDULE C FORM OF ASSIGNMENT AGREEMENT [see references in Sections 1.1(9) and 10.2(1)(g)] We refer to Section [6.3(1)(c)] of the credit agreement dated as of March 24, 2016 between Waste Management of Canada Corporation and WM Québec Inc., as Borrowers, Waste Management, Inc. and others, as Guarantors, The Bank of Nova Scotia, as Administrative Agent and the Lenders named therein, as amended, supplemented, restated or replaced from time to time (the “Credit Agreement”). All terms used in this certificate that are defined in the Credit Agreement will have the meanings defined in the Credit Agreement. For value received, the “Assignor” and the “Assignee” named below hereby agree as follows:
Total Debt to EBITDA. [The Borrowers], as measured on a trailing four quarter basis, shall at all times maintain a ratio of (a) Funded Indebtedness to (b) EBITDA for such period, of not greater than: For the period commencing on the closing date through March 31, 2009 $3,250,000 to -$1,500,000; For the period commencing on April 1, 2009 through June 30, 2009 $3,250,000 to -$1,500,000; For the period commencing on July 1, 2009 through September 30, 2009 $3,250,000 to -$1,500,000; And thereafter to December 31, 2009 $3,250,000 to -$1,500,000;
Total Debt to EBITDA. As of the end of each of its fiscal quarters beginning with the fiscal quarter ending December 31, 2008, the Borrowers and their Subsidiaries shall maintain a ratio of consolidated Total Debt to consolidated EBITDA for such fiscal quarter, of not greater than 2.5 to 1.00, calculated on a trailing twelve (12) month basis as of the last day of each fiscal quarter.
