Consolidated Debt. 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.
Appears in 1 contract
Samples: Note Purchase and Private Shelf Agreement (Schawk Inc)
Consolidated Debt. The Company will not, at any time, not permit the ratio of Consolidated Debt (as of any date) to Consolidated EBITDA (Consolidated EBITDA for the Company’s then most recently completed four fiscal quarters) to be calculated greater than or equal to 3.25 to 1.00 at any time; provided, however, that solely with respect to the period from and including March 31, 2007 through and including August 14, 2007, the Company shall be deemed in compliance with this Section 10.1 so long as such ratio is not at the end of each fiscal quarter for the four consecutive fiscal quarters then ended) to exceed 3.50 any time during such period greater than 4.80 to 1.00.”
Appears in 1 contract
Samples: Note Purchase Agreement (Furniture Brands International Inc)
Consolidated Debt. The Company will not, at any time, not permit the ratio of Consolidated Debt (as of any date) to Consolidated EBITDA (Consolidated EBITDA for the Company’s then most recently completed four fiscal quarters) to be calculated as at the end of each fiscal quarter for the four consecutive fiscal quarters then ended) to exceed greater than 3.50 to 1.001.00 at any time.
Appears in 1 contract
Samples: Note Purchase Agreement (Furniture Brands International Inc)
Consolidated Debt. The Company will not, at any time, not permit the ratio of Consolidated Debt (as of any date) to Consolidated EBITDA (Consolidated EBITDA for the Company’s then most recently completed four fiscal quarters) to be calculated greater than or equal to 3.25 to 1.00 at any time; provided, however, that solely with respect to the period from and including March 31, 2007 through and including June 29, 2007, the Company shall be deemed in compliance with this Section 10.1 so long as such ratio is not at the end of each fiscal quarter for the four consecutive fiscal quarters then ended) to exceed 3.50 any time during such period greater than 4.25 to 1.00.”
Appears in 1 contract
Samples: Note Purchase Agreement (Furniture Brands International Inc)
