Consolidated Debt to EBITDA Ratio. The Borrower will not permit the ratio of Debt to Consolidated EBITDA, determined on a pro forma basis for any period of four consecutive fiscal quarters taken as a single accounting period, to be greater than 3.50 to 1.0.
Consolidated Debt to EBITDA Ratio. Beginning with the fiscal month ending May 2, 2009, permit its Consolidated Debt to EBITDA Ratio as of the end of any fiscal month of the Borrower to exceed 2.50:1.
Consolidated Debt to EBITDA Ratio. Permit the Consolidated Debt to EBITDA Ratio as of the end of any fiscal quarter of the Company to be greater than (i) 3.50:1.00, for any fiscal quarter ending during the period from the Closing Date to and including October 26, 2019 and (ii) 3.00:1.00, for any fiscal quarter ending thereafter.
Consolidated Debt to EBITDA Ratio. Maintain as of the end of each fiscal quarter of the Borrowers a Consolidated Debt to EBITDA Ratio of not more than the ratio set forth below: ------------------------------ --------------------- Date of Determination: Maximum Ratio ------------------------------ --------------------- January 31, 1999 6.00 to 1.0 ------------------------------ --------------------- April 30, 1999 6.00 to 1.0 ------------------------------ --------------------- July 31, 1999 5.75 to 1.0 ------------------------------ --------------------- October 31, 1999 5.50 to 1.0 ------------------------------ --------------------- January 31, 2000 5.25 to 1.0 ------------------------------ --------------------- April 30, 2000 5.25 to 1.0 ------------------------------ --------------------- July 31, 2000 5.25 to 1.0 ------------------------------ --------------------- October 31, 2000 5.00 to 1.0 ------------------------------ --------------------- January 31, 2001 5.00 to 1.0 ------------------------------ --------------------- April 30, 2001 4.50 to 1.0 ------------------------------ --------------------- July 31, 2001 4.50 to 1.0 ------------------------------ --------------------- October 31, 2001 4.50 to 1.0 ------------------------------ --------------------- January 31, 2002 4.50 to 1.0 ------------------------------ --------------------- April 30, 2002 through (and including) October 31, 2005 4.00 to 1.0 ------------------------------ --------------------- PROVIDED, HOWEVER, that for purposes of calculating EBITDA for the most recently completed four fiscal quarters of the Borrowers ending on each of the following dates, there shall be added to such EBITDA the amounts set forth next to such dates (representing in each case estimated cost savings resulting from the AIG Acquisition): 110 ------------------------------ --------------------- Date Amount ------------------------------ --------------------- January 31, 1999 $2,000,000 ------------------------------ --------------------- April 30, 1999 $1,750,000 ------------------------------ --------------------- July 31, 1999 $1,250,000 ------------------------------ --------------------- October 31, 1999 $ 500,000 ------------------------------ ---------------------
Consolidated Debt to EBITDA Ratio. Permit the Consolidated Debt to EBITDA Ratio to be greater than (i) 3.50:1.00 as of the end of the fiscal quarter of the Company ending January 27, 2024, (ii) 4.50:1.00 as of the end of the fiscal quarter of the Company ending April 27, 2024, (iii) 4.00:1.00 as of the end of the fiscal quarters ending July 27, 2024 and October 26, 2024 and (iv) 3.25:1.00 as of the end of any fiscal quarter of the Company ending thereafter; provided, that, after the First Amendment Period, upon the occurrence of a Qualified Acquisition, for each of the four fiscal quarters of the Company immediately following such Qualified Acquisition (including the fiscal quarter of the Company in which such Qualified Acquisition was consummated (such period of increase, a “Adjustment Period”), the ratio set forth above shall be increased to 3.75:1.00; provided, further, that (i) for at least two (2) fiscal quarters of the Company immediately following each Adjustment Period, the Consolidated Debt to EBITDA ratio shall not be greater than 3.25:1.00 prior to giving effect to another Adjustment Period pursuant to the immediately preceding proviso, and (ii) there shall be no more than two (2) Adjustment Periods during the term of this Agreement.
Consolidated Debt to EBITDA Ratio. Maintain on a Consolidated basis with respect to the Borrower and its Subsidiaries as of the end of each period set forth below a Consolidated Debt to EBITDA Ratio of not more than the ratio set forth below; provided, however, that with respect to the fiscal quarters ending on September 30, 1999, EBITDA shall be calculated as provided at the end of this Article 8: Period Maximum Ratio ------ -------------
(a) three fiscal quarters ending on September 30, 1999 6.00 to 1.00
(b) most recently completed four fiscal quarters ending on the dates specified below: December 31, 1999 4.50 to 1.00 March 31, 2000 4.50 to 1.00 June 30, 2000 4.25 to 1.00 September 30, 2000 4.00 to 1.00 December 31, 2000 3.75 to 1.00 December 31, 2001 and each December 31 thereafter 3.50 to 1.00
Consolidated Debt to EBITDA Ratio. Maintain as of the end of each fiscal quarter of the Borrower a ratio of Consolidated Debt to EBITDA for the most recently completed four fiscal quarters of the Borrower of not more than the ratio set forth below: October 31, 2005 and each fiscal quarter thereafter through and including April 30, 2006 2.50 to 1.0 July 31, 2006 and each fiscal quarter thereafter through and including July 31, 2007 2.75 to 1.0 October 31, 2007 and each fiscal quarter thereafter through and including July 31, 2008 2.50 to 1.0 October 31, 2008 and each fiscal quarter thereafter 2.25 to 1.0
Consolidated Debt to EBITDA Ratio. Permit the Consolidated Debt to EBITDA Ratio on the last day of each fiscal period set forth below (taken as one accounting period) to be greater than the ratio set forth opposite such fiscal period below: period Ratio ------ ----- June 1, 2001 through September 30, 2001 6.7 to 1 June 1, 2001 through December 31, 2001 5.3 to 1 June 1, 2001 through March 31, 2002 4.5 to 1 Twelve month period ending June 30, 2002 4.5 to1 Twelve month period ending September 30, 2002 4.5 to 1 Twelve month period ending December 31, 2002 4.5 to 1 Twelve month period ending March 31, 2003 4.5 to 1 Each twelve month period ending on the last day of a 4.5 to 1 calendar quarter thereafter
Consolidated Debt to EBITDA Ratio. Maintain on a rolling four fiscal quarters basis a D/EBITDA ratio of maximum 4:1.
Consolidated Debt to EBITDA Ratio. Permit the Consolidated Debt to EBITDA Ratio on September 30, 2001 for the period from June 1, 2001 through September 30, 2001 to be greater than 6.7 to 1.