Common use of Consolidated Net Debt to EBITDA Ratio Clause in Contracts

Consolidated Net Debt to EBITDA Ratio. Permit the Consolidated Net Debt to EBITDA Ratio as of the end of any fiscal quarter of the Company to be greater than 3.25:1.0; provided, however, that if an Acquisition Event shall have occurred during such fiscal quarter, the Company shall have the right to permit the Consolidated Net Debt to EBITDA Ratio to exceed 3.25:1.0, so long as (a) it does not exceed 3.50:1.0 and (b) it does not exceed 3.25: 1.0 for more than four (4) consecutive fiscal quarters.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Teledyne Technologies Inc), Credit Agreement (Teledyne Technologies Inc), Credit Agreement (Teledyne Technologies Inc)

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Consolidated Net Debt to EBITDA Ratio. Permit the Consolidated Net Debt to EBITDA Ratio as of the end of any fiscal quarter of the Company to be greater than 3.25:1.0; provided, however, that if an Acquisition Event shall have occurred during such fiscal quarter, the Company shall have the right to permit the Consolidated Net Debt to EBITDA Ratio to exceed 3.25:1.0, so long as (a) it does not exceed 3.50:1.0 and (b) it does not exceed 3.25: 1.0 for more than four (4) consecutive fiscal quarters.. #89182136v12

Appears in 1 contract

Samples: Credit Agreement

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Consolidated Net Debt to EBITDA Ratio. Permit the Consolidated Net Debt to EBITDA Ratio as of the end of any fiscal quarter of the Company to be greater than 3.25:1.0; provided, however, that if an Acquisition Event shall have occurred during such fiscal quarter, the Company shall have the right to permit the Consolidated Net Debt to EBITDA Ratio to exceed 3.25:1.0exceed 3.25:1. 0, so long as (a) it does not exceed 3.50:1.0 and (b) it does not exceed 3.25: 1.0 for more than four (4) consecutive fiscal quarters.

Appears in 1 contract

Samples: Credit Agreement (Teledyne Technologies Inc)

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