Consolidated Funded Debt to EBITDA Ratio. As of the end of each fiscal quarter of the Borrower, the Consolidated Funded Debt to EBITDA Ratio will not exceed 4.00 to 1.0.
Consolidated Funded Debt to EBITDA Ratio. (Section 8.2)
A. Consolidated Funded Debt $_______________________
B. Consolidated EBITDA $_______________________
C. Consolidated Funded Debt to __________________ to 1.00 EBITDA Ratio (Ratio of Item A to Item B) (must not be greater than 4.00 to 1.00)
Consolidated Funded Debt to EBITDA Ratio. Permit at any time the Consolidated Funded Debt to EBITDA Ratio to exceed 3.25 to 1.00, tested no less frequently than quarterly for each Test Period and determined in each case in accordance with GAAP, consistently applied.
Consolidated Funded Debt to EBITDA Ratio. Consolidated Funded Debt to ---------------------------------------- EBITDA Ratio" means, as of any calculation date, the ratio whose numerator is the Borrowers' Consolidated Funded Debt as of such date and whose denominator is the Borrower's Consolidated EBITDA as of such date.
Consolidated Funded Debt to EBITDA Ratio. Permit its Consolidated Funded Debt to EBITDA Ratio to exceed at any time 2.75 to 1.00, measured on a quarterly basis for the relevant Test Period; provided, however, that, anything to the contrary set forth in this Agreement notwithstanding, the EBITDA component of said ratio (the EBITDA Component) for the fiscal quarters ending December 31, 1999, March 31, 2000 and June 30, 2000, shall be calculated as follows: (i) for the fiscal quarter ending December 31, 1999, the EBITDA Component shall be the Borrower's Consolidated EBITDA for that fiscal quarter multiplied by four (4), (ii) for the fiscal quarter ending March 31, 2000, the EBITDA Component shall be the sum of Borrower's Consolidated EBITDA for the fiscal quarter ended December 31, 1999 plus the Borrower's Consolidated EBITDA for the fiscal quarter ended March 31, 2000, multiplied by two (2) and (iii) for the fiscal quarter ending June 30, 1999, the EBITDA Component shall be the sum of the Borrower's Consolidated EBITDA for the fiscal quarter ended December 31, 1999 plus the Borrower's Consolidated EBITDA for the fiscal quarter ended March 31, 2000 plus the Borrower's Consolidated EBITDA for the fiscal quarter ended June 30, 2000, multiplied by one and one-third (1.33), it being acknowledged that commencing with the fiscal quarter ending September 30, 2000, the calculation of the EBITDA Component shall return to being calculated for the relevant Test Period.
Consolidated Funded Debt to EBITDA Ratio. Maintain as of the end of each fiscal quarter of the Borrower a ratio of Consolidated Funded Debt to EBITDA for the most recently completed four fiscal quarters of the Borrower of not more than the ratio set forth below: Four Fiscal Quarters ending on or about: Ratio ---------------------------------------- ----- June 30, 1999 5.25:1 September 30, 1999 5.25:1 December 31, 1999 5.10:1 March 31, 2000 5.00:1 June 30, 2000 5.00:1 115 108 September 30, 2000 5.00:1 December 31, 2000 4.90:1 March 31, 2001 4.90:1 June 30, 2001 4.75:1 September 30, 2001 4.75:1 December 31, 2001 4.75:1 March 31, 2002 4.50:1 June 30, 2002 4.50:1 September 30, 2002 4.50:1 December 31, 2002 4.50:1 March 31, 2003 4.00:1 June 30, 2003 4.00:1 September 30, 2003 4.00:1 December 31, 2003 4.00:1 March 31, 2004 and thereafter 3.75:1
Consolidated Funded Debt to EBITDA Ratio. Borrower on a consolidated basis with its Parent Company and all of its Subsidiaries shall maintain at all times during the existence of the Loan a maximum ratio of Consolidated Funded Debt to EBITDA that shall not exceed 3.0 during the fiscal year ending December 31, 1998 and 2.5 during each fiscal quarter thereafter (on a rolling four quarter basis).
Consolidated Funded Debt to EBITDA Ratio. The definition of “Consolidated Funded Debt to EBITDA Ratio” is added to read as follows:
Consolidated Funded Debt to EBITDA Ratio. The Borrowers will ---------------------------------------- maintain a Consolidated Funded Debt to EBITDA Ratio, calculated on an annualized basis for fiscal year 2000 (based on the period November 30, 1999 through May 31, 2000), and thereafter calculated as of each Calculation Date on a rolling four (4) quarter basis, of not more than 2.5 to 1.0.
Consolidated Funded Debt to EBITDA Ratio. The Company will not permit, as of the last day of any fiscal quarter (commencing with the fiscal quarter of the Company ending in December, 1996), the ratio of Consolidated Funded Debt to Consolidated EBITDA of the Company for the period of four consecutive fiscal quarters then ended to exceed 2.25 to 1.00 at each fiscal quarter end through the fiscal quarter ending in September, 1998, and 2.00 to 1.00 at each fiscal quarter end thereafter.
