Examples of Quarterly Test Period in a sentence
For any Quarterly Test Period, Borrower shall not permit its Capital Expenditures in the aggregate to exceed (i) $1,750,000 for each Quarterly Test Period ending on or before September 30, 2002, and $1,100,000 for each Quarterly Test Period after September 30, 2002.
The Leverage Ratio shall not exceed (i) 3.025:1.00, upon the making of the Initial Advance and the Term Loan (under and as defined in the Senior Credit Agreement) and for each Quarterly Test Period through the fiscal quarter ending June 30, 2002, and (ii) 2.75:1.00, for each Quarterly Test Period after June 30, 2002.
Commencing with the Quarterly Test Period ending September 30, 2005 and continuing on and as of each Quarterly Test Period thereafter, EBITDA shall not be less than $2,800,000.
Borrower shall not permit the Total Leverage Ratio at the end of any quarter ending during any period set forth in the table below, to exceed the ratio set forth opposite such period in the table below: Test Period Leverage Ratio January 1, 2007 - March 31, 2007 4.50 to 1.00 April 1, 2007 - June 30, 2007 4.50 to 1.00 Each successive Quarterly Test Period thereafter 4.50 to 1.00 Test Periods will be quarterly and the EBITDA calculation shall be cumulative for the four quarters ending as of each Test Period.
The Leverage Ratio shall not exceed (i) 2.75:1.00, upon the making of the Initial Advance and the Term Loan and for each Quarterly Test Period through the fiscal quarter ending June 30, 2002, and (ii) 2.50:1.00, for each Quarterly Test Period after June 30, 2002.
The Loan Parties and their Subsidiaries, on a consolidated basis, shall maintain, as of the end of each Fiscal Quarter for the Quarterly Test Period then ended, a Revolver Loan Turnover Ratio of not less than 2.50:1.00 for each such period, commencing with the Fiscal Quarter ending June 30, 2023.
Borrower has represented to Agent that its Senior Fixed Charge Coverage Ratio for the Quarterly Test Period ending June 30, 2004 was 0.81:1.00.
Borrower shall not permit Consolidated EBITDA for any Test Period ending during any period set forth in the table below, to be less than the amount indicated: Minimum Test Period Consolidated EBITDA July 1, 2006 - March 31, 2007 $4,125,000 July 1, 2006 - June 30, 2007 $5,500,000 Each successive Quarterly Test Period thereafter $5,500,000 Test Periods will be quarterly and the EBITDA calculation shall be cumulative for the four quarters ending as of each Test Period.
The Fixed Charge Coverage Ratio for each Quarterly Test Period shall not be less than 1.25:1.00.
The Leverage Ratio shall not exceed (i) 2.85:1.00 for the Quarterly Test Period ending December 31, 2003, (ii) 3.60:1.00 for the Quarterly Test Period ending Xxxxx 00, 0000, (xxx) 3.45:1.00 for the Quarterly Test Period ending June 30, 2004, and (iv) 2.50:1.00 for each Quarterly Test Period after June 30, 2004.