Common use of Total Debt to EBITDA Ratio Clause in Contracts

Total Debt to EBITDA Ratio. The Loan Parties shall not permit the Total Debt to EBITDA Ratio to be greater than 4.675 to 1.00 as of the end of the Company’s fiscal quarter ending on or about September 30, 2004 or the end of any fiscal quarter thereafter; such ratio to be determined in each case in accordance with GAAP using the ratio of Total Debt as of the end of each such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.”

Appears in 2 contracts

Samples: Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/), Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/)

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Total Debt to EBITDA Ratio. The Loan Parties shall not Not permit the Total Debt to EBITDA Ratio to be greater than 4.675 9.25 to 1.00 as of the end of the Company’s fiscal quarter ending on or about September 30March 31, 2004 or the end of any fiscal quarter thereafter2005; such ratio to be determined in each case in accordance with GAAP using the ratio of Total Debt as of the end of each such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.

Appears in 2 contracts

Samples: Credit Agreement (Clarion Technologies Inc/De/), Credit Agreement (Clarion Technologies Inc/De/)

Total Debt to EBITDA Ratio. The Loan Parties shall not Not permit the Total Debt to EBITDA Ratio to be greater than 4.675 4.25 to 1.00 as of the end of the Company’s fiscal quarter ending on or about September 30December 31, 2004 or the end of any fiscal quarter thereafter; such ratio to be determined in each case in accordance with GAAP using the ratio of Total Debt as of the end of each such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.

Appears in 2 contracts

Samples: Credit Agreement (Clarion Technologies Inc/De/), Credit Agreement (Clarion Technologies Inc/De/)

Total Debt to EBITDA Ratio. The Loan Parties shall not permit the Total Debt to EBITDA Ratio to be greater than 4.675 (i) 10.175 to 1.00 as of the end of the Company’s fiscal quarter ending on or about September 30March 31, 2004 2005, or (ii) 4.675 to 1.00 as of the end of any fiscal quarter thereafter; such ratio to be determined in each case in accordance with GAAP using the ratio of Total Debt as of the end of each such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.”

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/)

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Total Debt to EBITDA Ratio. The Loan Parties shall not Not permit the Total Debt to EBITDA Ratio to be greater than 4.675 9.25 to 1.00 as of the end of the Company’s fiscal quarter ending on or about September 30March 31, 2004 or 2005, and 10.25 to 1.00 as of the end of any fiscal quarter thereaftereach calendar month subsequent to March 31, 2005; such ratio to be determined in each case in accordance with GAAP using the ratio of Total Debt as of the end of each such fiscal quarter the applicable period to EBITDA for the period of four consecutive fiscal quarters of the Company then ending or the period of twelve consecutive calendar months of the Company then ending, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Clarion Technologies Inc/De/)

Total Debt to EBITDA Ratio. The Loan Parties shall not permit the Total Debt to EBITDA Ratio to be greater than 4.675 than: (i) 10.175 to 1.00 as of the end of the Company’s fiscal quarter ending on or about September 30March 31, 2004 2005; or (ii) 4.675 to 1.00 as of the end of any fiscal quarter thereafter; such ratio to be determined in each case in accordance with GAAP using the ratio of Total Debt as of the end of each such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.”

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/)

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