Consolidated Debt to Consolidated EBITDA. Shall not permit, as of the last day of any fiscal quarter, the ratio of Consolidated Debt to Consolidated EBITDA, for the four fiscal quarters ending on such date, to be greater than 3.50 to 1.00.
Consolidated Debt to Consolidated EBITDA. The Company will not at any time permit the ratio of Consolidated Debt to Consolidated EBITDA (Consolidated EBITDA to be calculated as at the end of each fiscal quarter for the four consecutive fiscal quarters then ended) to exceed 3.50 to 1.00; provided, however, that the ratio of Consolidated Debt to Consolidated EBITDA may exceed 3.5 to 1.00 at any time during a Transition Period if such ratio of Consolidated Debt to Consolidated EBITDA exceeded 3.5 to 1.00 as a direct result of the Company or any Restricted Subsidiary creating, assuming, incurring, guaranteeing or otherwise becoming liable in respect of Acquisition Debt so long as the ratio of Consolidated Debt to Consolidated EBITDA at all times during any Transition Period shall not exceed 4.0 to 1.00.
Consolidated Debt to Consolidated EBITDA. Permit the ratio of Consolidated Debt to Consolidated EBITDA determined at the end of each Fiscal Year to exceed the ratio specified below:
Consolidated Debt to Consolidated EBITDA. With respect to any fiscal quarter ending after the Replacement Covenant Notice Date, Pulitzer will not permit the ratio of (a) Consolidated Debt as of the last day of such fiscal quarter to (b) Consolidated EBITDA for the four consecutive fiscal quarters ended as of such last day to be greater than 2.25 to 1.00.
Consolidated Debt to Consolidated EBITDA. Permit the ratio of Consolidated Debt to Consolidated EBITDA to be greater than 4.25 to 1.0 as of the end of any fiscal quarter, beginning with the fiscal quarter ending March 31, 2003 to and including the fiscal quarter ending December 31, 2003; to be greater than 4.0 to 1.0 as of the end of any fiscal quarter beginning with the fiscal quarter ending March 31, 2004 to and including the fiscal quarter ending December 31, 2004; and to be greater than 3.75 to 1.0 as of the end of any fiscal quarter thereafter.
Consolidated Debt to Consolidated EBITDA. The Borrower shall not permit the ratio of the Consolidated Debt to Consolidated EBITDA for any period of four consecutive fiscal quarters ending during any period set forth below to be less than the ratio set forth opposite such period: PERIOD RATIO ------ ----- October 1, 1999 - March 31, 2000 7.75:1 April 1, 2000 - June 30, 2000 7.00:1 July 1, 2000 - September 30, 2001 6.25:1 October 1, 2001 - December 31, 2003 5.75:1 Capitalized terms used in this Schedule 2.8(h) without being defined shall have the meaning assigned thereto in MRA Appendix A and the following terms shall have the following meanings.
Consolidated Debt to Consolidated EBITDA. Article VI of the Credit Agreement is hereby amended by deleting Section 6.9 thereof in its entirety and inserting in lieu thereof the following:
Consolidated Debt to Consolidated EBITDA. The Borrower will not permit the ratio of (i) Consolidated Debt (as determined at any time) to (ii) Consolidated EBITDA (with Consolidated EBITDA to be determined for the Test Period last ended on or prior to the date of determination), to be greater than, during any period set forth below, the ratio set forth below opposite such period, provided that the ratio shall not be tested until the last day of the fifth Fiscal Test Quarter: Period Ratio The last day of the fifth Fiscal Test Quarter 7.00:1.00 through and including the day before the last day of the sixth Fiscal Test Quarter The last day of the sixth Fiscal Test Quarter 6.00:1.00 through and including the day before the last day of the seventh Fiscal Test Quarter The last day of the seventh Fiscal Test Quarter 5.50:1.00 through and including the day before the last day of the eighth Fiscal Test Quarter The last day of the eighth Fiscal Test Quarter 5.00:1.00 through and including the day before the last day of the ninth Fiscal Test Quarter The last day of the ninth Fiscal Test Quarter 4.50:1.00 through and including the day before the last day of the tenth Fiscal Test Quarter The last day of the tenth Fiscal Test 4.0:1.00 Quarter through and including the day before the last day of the eleventh Fiscal Test Quarter At all times thereafter 3.75:1.00
Consolidated Debt to Consolidated EBITDA. 22 Section 10.2. Priority Debt 22 Section 10.3. Limitation on Liens 22 Section 10.4. Sales of Asset 24 Section 10.5. Merger and Consolidation 25 Section 10.6. Transactions with Affiliates 26 Section 10.7. Terrorism Sanctions Regulations 26 Section 10.8. Line of Business 26 Section 10.9. Restricted Subsidiary Group 26
Consolidated Debt to Consolidated EBITDA. The Company will not permit the ratio of Consolidated Debt to Consolidated EBITDA as of the last day of any Computation Period to exceed 3.75 to 1.00; provided, however, that the ratio of Consolidated Debt to Consolidated EBITDA may exceed 3.75 to 1.00 as of the last day of any Computation Period during a Transition Period if such ratio of Consolidated Debt to Consolidated EBITDA exceeded 3.75 to 1.00 as of such date as a result of the Company or any Subsidiary creating, assuming, incurring, guaranteeing or otherwise becoming liable in respect of Acquisition Debt (hereinafter referred to as a “Permitted Debt Increase”), so long as (i) the ratio of Consolidated Debt to Consolidated EBITDA as of such date during any Transition Period shall not exceed 4.00 to 1.00, (ii) the Company shall have paid the additional interest as provided in Section 1.2(a)(i), (iii) such Acquisition Debt is not less than $75,000,000, and (iv) a Permitted Debt Increase has not occurred on more than three (3) occasions.
