Examples of Debt to Adjusted EBITDA Ratio in a sentence
After taking into account the amount of that Disbursement on a pro forma basis, the Interest Coverage Ratio of the Borrower as of that Disbursement Date would not be less than 2.35:1 and the Net Debt to Adjusted EBITDA Ratio of the Borrower as of that Disbursement Date would not equal or exceed 3.65:1, each as certified by the Borrower setting forth in reasonable detail computations as to compliance therewith.
The Borrower fails to comply with Sections 6.2.2 (Interest Coverage Ratio) or 6.2.3 (Net Debt to Adjusted EBITDA Ratio).
Such Incremental Interest shall begin to accrue on the first day of the fiscal quarter following the fiscal Table of Contents quarter in respect of which such Officer’s Certificate was delivered, and shall continue to accrue until the Company has provided an Officer’s Certificate pursuant to Section 7.2(a) demonstrating that, as of the last day of the fiscal quarter in respect of which such Certificate is delivered, the Debt to Adjusted EBITDA Ratio is not more than 3.50 to 1.00.
Section 6.1.13 of the Schedule titled “Financial Covenants” is hereby amended by amending and restating in its entirety the paragraph thereof entitled “Total Funded Senior Debt to Adjusted EBITDA Ratio” as follows: Total Funded Senior Debt to Adjusted EBITDA Ratio.
If the Debt to Adjusted EBITDA Ratio exceeds 3.50 to 1.00 as permitted pursuant to the first proviso in the foregoing sentence, the Company shall pay the additional interest provided for in Section 1.2.