Common use of Consolidated Adjusted EBITDA to Consolidated Interest Expense Clause in Contracts

Consolidated Adjusted EBITDA to Consolidated Interest Expense. For each period of four consecutive fiscal quarters of the Company, Consolidated Adjusted EBITDA shall equal or exceed the percentage set forth in the table below of Consolidated Interest Expense. Quarter Ending Percentage -------------- ---------- 9/30/03 60% 12/31/03 80% 3/31/04 70% 6/30/04 and thereafter 100%

Appears in 1 contract

Samples: Credit Agreement (American Biltrite Inc)

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Consolidated Adjusted EBITDA to Consolidated Interest Expense. For each period of four consecutive fiscal quarters of the Company, Consolidated Adjusted EBITDA shall equal or exceed the percentage set forth in the table below of Consolidated Interest Expense. Quarter Ending Percentage -------------- ---------- 9/30/03 603/31/05 and 6/30/05 125% 12/31/03 80% 3/31/04 70% 6/30/04 9/30/05 and thereafter 100150%

Appears in 1 contract

Samples: Credit Agreement (American Biltrite Inc)

Consolidated Adjusted EBITDA to Consolidated Interest Expense. For each period of four consecutive fiscal quarters of the Company, Consolidated Adjusted EBITDA shall equal or exceed the percentage set forth in the table below of Consolidated Interest Expense. Quarter Ending Percentage -------------- ---------- 9/30/03 60% 12/31/03 80% 3/31/04 70% 6/30/04 and 9/30/04 100% 12/31/04 and 3/31/05 and 6/30/05 125% 9/30/05 and thereafter 100150%" 3.5. Amendment of Section 6.5.4. Section 6.5.4 of the Credit Agreement is amended to read in its entirety as follows:

Appears in 1 contract

Samples: Credit Agreement (American Biltrite Inc)

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Consolidated Adjusted EBITDA to Consolidated Interest Expense. For each period of four consecutive fiscal quarters of the Company, Consolidated Adjusted EBITDA shall equal or exceed the percentage set forth in the table below of Consolidated Interest Expense. Quarter Ending Percentage -------------- ---------- 9/30/03 60% 12/31/03 80% 3/31/04 70% 6/30/04 and 9/30/04 100% 12/31/04 and thereafter 100150%" 2.6. Amendment of Section 6.5.5. Section 6.5.5 of the Credit Agreement is amended to read in its entirety as follows:

Appears in 1 contract

Samples: Credit Agreement (American Biltrite Inc)

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