Consolidated Senior Debt to EBITDA Ratio the Consolidated Senior Debt to EBITDA Ratio as at the end of any Fiscal Quarter shall not exceed 3:1, provided that if the Borrower, the Trust or a Designated Subsidiary completes a Material Acquisition (and provided that the Borrower would have continued to comply with this Section 8.3(a) if such Material Acquisition had not been made and provides a calculation evidencing such compliance in its Compliance Certificate relating to such Fiscal Quarter), then during the period from the completion of such Material Acquisition to the end of the second complete Fiscal Quarter after completion of such Material Acquisition, the Borrower may permit the Consolidated Senior Debt to EBITDA Ratio to increase to a level not exceeding 3.5:1;
Consolidated Senior Debt to EBITDA Ratio. Maintain at all times a Senior Debt to EBITDA Ratio of not more than the ratio set forth below opposite the applicable period:
(e) Clause (b) of Section 7.12 is hereby amended and restated in its entirety, as follows:
Consolidated Senior Debt to EBITDA Ratio. Maintain as of the last day of each fiscal quarter of the Borrower commencing with the first complete fiscal quarter after the Initial Funding Date a ratio of (i) Consolidated Senior Debt to (ii) 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: RATIO ------------------------------- ----- First Quarter 4.25:1.00 Second Quarter 4.25:1.00 Third Quarter 4.25:1.00 Fourth Quarter 4.00:1.00 Fifth Quarter 3.75:1.00 Sixth Quarter 3.75:1.00 Seventh Quarter 3.50:1.00 Eighth Quarter 3.25:1.00 Ninth Quarter 3.00:1.00 Tenth Quarter 3.00:1.00 Eleventh Quarter 2.75:1.00 Twelfth Quarter 2.75:1.00 Thirteenth Quarter 2.75:1.00 Fourteenth Quarter 2.75:1.00 Fifteenth Quarter 2.75:1.00 Sixteenth Quarter 2.75:1.00 Xxxxxxxxxxx Xxxxxxx 2.75:1.00 Eighteenth Quarter 2.75:1.00 Nineteenth Quarter 2.75:1.00 Twentieth Quarter 2.50:1.00 Twenty-first Quarter 2.25:1.00 Twenty-second Quarter 2.00:1.00 Twenty-third Quarter and each Fiscal Quarter Thereafter 1.75:1.00"
Consolidated Senior Debt to EBITDA Ratio. The Borrower will not, as of the end of each quarter of each fiscal year of the Borrower, permit the ratio of Consolidated Senior Debt to EBITDA for the twelve months then ended to be greater than 6.25 to 1.00.
Consolidated Senior Debt to EBITDA Ratio. Maintain as of the last day of each fiscal quarter of the Borrower commencing with the first complete fiscal quarter after the Initial Funding Date a ratio of (i) Consolidated Senior Debt to (ii) 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: RATIO ------------------------------- ----- First Quarter 4.25:1.00 Second Quarter 4.25:1.00 Third Quarter 4.25:1.00 Fourth Quarter 4.00:1.00 Fifth Quarter 3.75:1.00 Sixth Quarter 3.75:1.00 Seventh Quarter 3.50:1.00 Eighth Quarter 3.25:1.00 Ninth Quarter 3.00:1.00 Tenth Quarter 3.00:1.00 Each Fiscal Quarter Thereafter 2.75:1.00
Consolidated Senior Debt to EBITDA Ratio the Borrower shall maintain a Consolidated Senior Debt to EBITDA Ratio of not more than 2.5 to 1.0 as of the last day of any period of four (4) consecutive Fiscal Quarters.
Consolidated Senior Debt to EBITDA Ratio. Permit the Consolidated Senior Debt to EBITDA Ratio on the last day of any calendar month, commencing December, 2001, to be greater than 2.5 to 1.
Consolidated Senior Debt to EBITDA Ratio the Consolidated Senior Debt to EBITDA Ratio as at the end of any Fiscal Quarter shall not exceed 3.5 to 1;
Consolidated Senior Debt to EBITDA Ratio. A. Actual Consolidated Senior Debt at Statement Date: $_______________
B. Consolidated EBITDA for four consecutive Fiscal Quarters ending on above date (“Subject Period”):
1. Consolidated Operating Income for Subject Period: $_______________
2. depreciation for Subject Period: $_______________
3. amortization for Subject Period: $_______________
4. interest income for Subject Period: $_______________
5. Consolidated EBITDA (Lines A.1+2+3+4): $_______________
C. Consolidated Senior Debt to EBITDA Ratio Line I.A / Line B.5: ________ to 1.0 Maximum Permitted: 2.0 to 1.0
Consolidated Senior Debt to EBITDA Ratio. Maintain as of the end of each fiscal quarter of the Borrower a ratio of Consolidated Senior Debt to EBITDA for the most recently completed four fiscal quarters of the Borrower of not more than the ratio set forth below; PROVIDED, HOWEVER, that with respect to the first two full fiscal quarters ending after the Closing Date, EBITDA shall be calculated as provided at the end of this Article 8:
