Adjusted Debt to EBITDAR Sample Clauses

Adjusted Debt to EBITDAR. Borrower shall not permit Adjusted Debt to EBITDAR to exceed 4.75 to 1.00 as of the last day of any fiscal quarter ending, provided that the Borrower may, in its sole discretion, upon the consummation of a Qualified Acquisition, elect to have the covenant for fiscal quarters ending after such Qualified Acquisition, step up to a maximum of 5.00 to 1.00. Such election must be made by Borrower within the 12 full months following the consummation of the applicable Qualified Acquisition. The covenant will be measured beginning with the first fiscal quarter end following such election and continue for the next three fiscal quarter ends thereafter (e.g., if a Qualified Acquisition closed in January 20232025 and the Borrower selected September 20232025 as the testing commencement month, the 5.00 to 1.00 covenant requirement would apply and be measured from and including the fiscal quarter 76 ending in September 20232025 through and including the fiscal quarter ending in June 20242026). Such step up option may only be elected two times during the period from the Third Amendment Closing Date until the Facility Maturity Date (each of which must be elected with respect to different Qualified Acquisitions).
Sample 1
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Adjusted Debt to EBITDAR. Holdings will not permit the ratio of (i) Adjusted Debt to (ii) EBITDAR at the end of any Fiscal Quarter to be greater than the amount set forth in the following table: Quarter Ending Ratio -------------- ----- 12/31/03 5.35:1 3/31/04 5.35:1 6/30/04 5.35:1 9/30/04 5.35:1 12/31/04 5.00:1 3/31/05 5.00:1 6/30/05 5.00:1 9/30/05 4.75:1 12/31/05 4.75:1 3/31/06 4.75:1 6/30/06 4.75:1 9/30/06 4.25:1 12/31/06 4.25:1 3/31/07 4.25:1 6/30/07 4.25:1 9/30/07 4.00:1 12/31/07 and thereafter 4.00:1
Sample 1
Adjusted Debt to EBITDAR. At no time shall Adjusted Debt to EBITDAR exceed 4.50 to 1.00.
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Adjusted Debt to EBITDAR. The Guarantor shall maintain, as of any date, the ratio of (a) Adjusted Debt (as defined in Section 10.3 below) on such date to (b) EBITDAR (as defined in Section 10.3 below) for the four consecutive fiscal quarter period ended immediately prior to such date or then ending in respect of which financial statements have been delivered under this Guarantee, no greater than 3.50 to 1.00.
Sample 1
Adjusted Debt to EBITDAR. The ratio of (i) Consolidated Adjusted Debt to (ii) EBITDAR at the end of any Fiscal Quarter, to be greater than the amount set forth in the table below: FISCAL QUARTER ENDING RATIO ----------------------------------------------------- ----------- December 31, 2003, March 31, 2004, June 30, 2004 and September 30, 2004 5.35 to 1.0 December 31, 2004, March 31, 2005 and June 30, 2005 5.00 to 1.0 September 30, 2005, December 31, 2005, March 31, 2006 and June 30, 2006 4.75 to 1.0 September 30, 2006, December 31, 2006, March 31, 2007 and June 30, 2007 4.25 to 1.0 September 30, 2007, and any Fiscal Quarter ending thereafter 4.00 to 1.0
Sample 1
Adjusted Debt to EBITDAR. 63 SECTION 6.11. Asset Test.............................................................................. 64 SECTION 6.12. Disclosure.............................................................................. 64 SECTION 6.13. Sale of Assets.......................................................................... 64 SECTION 6.14.
Sample 1
Adjusted Debt to EBITDAR. Borrower shall not permit Adjusted Debt to EBITDAR to exceed (i) 5.50 to 1.00 as of the last day of the fiscal quarter ending June 27, 2020, (ii) 6.00 to 1.00 as of the last day of the fiscal quarter ending September 26, 2020, (iii) 6.25 to 1.00 as of the last day of the fiscal quarter ending December 26, 2020, (iv) 5.50 to 1.00 as of the last day of the fiscal quarter ending March 27, 2021, (v) 5.00 to 1.00 as of the last day of the fiscal quarter ending June 26, 2021, and (vi) 4.75 to 1.00 as of the last day of any fiscal quarter ending after June 26, 2021, provided that following June 26, 2021, the Borrower may, in its sole discretion, upon the consummation of a Qualified Acquisition, elect to have the covenant for fiscal quarters ending after June 26, 2021, step up to a maximum of 5.00 to 1.00. Such election must be made by Borrower within the 12 full months following the consummation of the applicable Qualified Acquisition. The covenant will be measured beginning with the first fiscal quarter end following such election and continue for the next three fiscal quarter ends thereafter (e.g., if a Qualified Acquisition closed in January 2022 and the Borrower selected September 2022 as the testing commencement month, the 5.00 to 1.00 covenant requirement would apply and be measured from and including the fiscal quarter ending on September 2022 through and including the fiscal quarter ending on June 2023). Such step up option may only be elected two times over the life of this Agreement (each of which must be elected with respect to different Qualified Acquisitions).
Sample 1
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Related to Adjusted Debt to EBITDAR

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Funded Debt to EBITDA Ratio To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 2.0:1.0.

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Debt to EBITDA Ratio Maintain, as of the end of each fiscal quarter, a ratio of (i) Debt, excluding Debt in respect of Hedge Agreements, as of such date to (ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than 4.0 to 1.0.

  • Funded Debt Ratio Permit the Funded Debt Ratio, as of the last day of any Fiscal Quarter, to be greater than the ratio set forth below opposite such Fiscal Quarter or the period during which such Fiscal Quarter ends: Period/Fiscal Quarter Maximum Ratio December 31, 2002 3.50:1.00 March 31, 2003 2.60:1.00 June 30, 2003 2.50:1.00 September 30, 2003 2.00:1.00 December 31, 2003 through March 31, 2004 1.75:1.00 April 1, 2004 through December 31, 2004 1.50:1.00

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue of at least 1.50 to 1.00.

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

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