Consolidated Debt to Consolidated EBITDA Ratio Sample Clauses

Consolidated Debt to Consolidated EBITDA Ratio. The Borrower will not permit the Consolidated Debt to Consolidated EBITDA Ratio to exceed 3.50 to 1.0 measured as of the end of each Fiscal Quarter (and in the case of Consolidated EBITDA, for the four-quarter period ending on such date), commencing with the Fiscal Quarter ended September 30, 2019; provided that if in connection with any Acquisition permitted under Section 6.04 (an “Adjustment Acquisition”) (x) for which the cash consideration (including assumed or acquired Debt) for such Acquisition, together with the cash consideration (including assumed or acquired Debt) for all other Acquisitions permitted under Section 6.04 consummated during the then current Fiscal Quarter, equals or exceeds $75,000,000 and (y) the Consolidated Debt to Consolidated EBITDA Ratio equals or exceeds 3.00:1.0 on a Pro Forma Basis, then the maximum Consolidated Debt to Consolidated EBITDA Ratio permitted by this Section 6.03(b) for the Fiscal Quarter in which the Adjustment Acquisition occurs and each of the following four Fiscal Quarters (the “Adjustment Period”) shall be automatically increased to 4.00:1.0; provided, further that there shall be no more than two (2) Adjustment Periods during the term of this Agreement. Following the expiration of any Adjustment Period, the maximum Consolidated Debt to Consolidated EBITDA Ratio cannot be subsequently increased again as provided in the first proviso above (and a subsequent Adjustment Period cannot commence) until the Borrower has delivered a quarterly Compliance Certificate evidencing that the maximum Consolidated Debt to Consolidated EBITDA Ratio does not exceed 3.50 to 1.0 for at least four (4) consecutive Fiscal Quarters.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Consolidated Debt to Consolidated EBITDA Ratio. The Borrower will not permit the Consolidated Debt to Consolidated EBITDA Ratio to exceed 3.00 to 1.0 measured as of the end of each Fiscal Quarter (and in the case of Consolidated EBITDA, for the four-quarter period ending on such date).
Sample 1Sample 2
Consolidated Debt to Consolidated EBITDA Ratio. The Parent shall maintain at all times a ratio of (i) Consolidated Debt (excluding Consolidated Debt that the Parent has identified to the Administrative Agent as intended to be refinanced pursuant to a Permitted Refinancing consummated after the Effective Date and prior to the date of determination, if as of such date of determination, such Consolidated Debt (or portion thereof) being refinanced has not remained outstanding for a period in excess of three months from the date of the incurrence of such Consolidated Debt pursuant to such Permitted Refinancing) to (ii) Consolidated EBITDA for the period of four fiscal quarters ended on or most recently prior to the date of determination of not more than the amount set forth below for each period set forth below:
Sample 1
Consolidated Debt to Consolidated EBITDA Ratio. The Parent shall maintain at all times a ratio of (i) Consolidated Debt (excluding Consolidated Debt that the Parent has identified to the Administrative Agent as intended to be refinanced pursuant to a Permitted Refinancing consummated after the Effective Date and prior to the date of determination, if as of such date of determination, such Consolidated Debt (or portion thereof) being refinanced has not remained outstanding for a period in excess of three months from the date of the incurrence of such Consolidated Debt pursuant to such Permitted Refinancing) to (ii) Consolidated EBITDA for the period of four fiscal quarters ended on or most recently prior to the date of determination of not more than the amount set forth below for each period set forth below: PERIOD RATIO -------------------------------------------------------------------------------- Effective Date through March 30, 2003 4.55:1.00 March 31, 2003 through June 29, 2003 4.35:1.00 June 30, 2003 through September 29, 2003 4.10:1.00 September 30, 2003 through December 30, 2003 3.60:100 December 31, 2003 and thereafter 3.50:1.00
Sample 1
Consolidated Debt to Consolidated EBITDA Ratio. The Borrower will not permit the Consolidated Debt to Consolidated EBITDA Ratio to exceed: (i) 6.0 to 1.0 as of December 31, 2009 and Xxxxxxxx 00, 0000, (xx) 5.5 to 1.0 as of December 31, 2011, and (iii) 4.5 to 1.0 as of December 31, 2012, and as of the end of each Fiscal Year thereafter.
Sample 1
Consolidated Debt to Consolidated EBITDA Ratio. A ratio of Consolidated Debt to Consolidated EBITDA of Guarantor and its Subsidiaries, including Charterer, of not more than 4.25 to 1.00 tested quarterly at the end of each fiscal quarter based on the four most recent fiscal quarters for which financial information is available.
Sample 1
Consolidated Debt to Consolidated EBITDA Ratio. The Borrower will not permit the Consolidated Debt to Consolidated EBITDA Ratio to exceed (i) 4.25 to 1.0 measured as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ended December 31, 2011 (and in the case of Consolidated EBITDA, for the four-quarter period ending on such date), prior to the date on which the Senior Subordinated Notes have been redeemed in full, and (ii) 3.5 to 1.0 measured as of the end of each Fiscal Quarter (and in the case of Consolidated EBITDA, for the four-quarter period ending on such date) after the date on which the Senior Subordinated Notes have been redeemed in full.
Sample 1
AutoNDA by SimpleDocs
Consolidated Debt to Consolidated EBITDA Ratio. Commencing with the fiscal quarter ended December 31, 1999, have a Consolidated Debt to Consolidated EBITDA Ratio of greater than 5.75 to 1.00.
Sample 1

Related to Consolidated Debt to Consolidated EBITDA Ratio

  • 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.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • 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.

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Consolidated Debt Service Coverage Ratio Permit the Consolidated Debt Service Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25:1.00.

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of REIT and its Subsidiaries for such period determined on a Consolidated basis.

  • 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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!