Consolidated Senior Funded Debt to Consolidated EBITDA. As at the end of any fiscal quarter, the ratio of (a) Consolidated Senior Funded Debt as of such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on the date of calculation shall not exceed 3.00:1.00.
Consolidated Senior Funded Debt to Consolidated EBITDA. Permit at any date of determination set forth below, the ratio of Consolidated Senior Funded Debt to Consolidated EBITDA, calculated (without duplication) for the period of four fiscal quarters next preceding the calculation thereof, to be greater than the rates set forth opposite the applicable determination date: Date Ratio ---- ----- March 31, 2003 2.00:1.00 March 31, 2004 1.75:1.00 March 31, 2005 1.50:1.00
Consolidated Senior Funded Debt to Consolidated EBITDA. Maintain ------------------------------------------------------ as at the last day of each fiscal quarter,
Consolidated Senior Funded Debt to Consolidated EBITDA. As of the end of any calendar quarter, Borrower shall not permit the ratio of Consolidated Senior Funded Debt to Consolidated EBITDA for the immediately preceding twelve months to be (a) prior to SECOND AMENDED AND RESTATED LOAN AGREEMENT (Monarch Dental Corporation) Page 49 50 the earlier of (i) October 1, 1999 or (ii) the closing of the Required Institutional Debt (such date, the "Ratio Reduction Date"), more than 4.00 to 1.00, (b) for the period from the Ratio Reduction Date through and including December 30, 1999, more than 3.50 to 1.00, (c) for the period from December 31, 1999 through and including March 31, 2000, more than 3.25 to 1.00, (d) for the period from April 1, 2000 through and including December 31, 2000, more than 3.00 to 1.00 and (e) thereafter, more than 2.50 to 1.00; provided that the Target Company EBITDA attributable to any Acquisition, for purposes of calculating Consolidated EBITDA, shall, for the twelve (12) month period commencing on the Acquisition Date, be computed by annualizing the actual Target Company EBITDA for the period since the Acquisition Date.
Consolidated Senior Funded Debt to Consolidated EBITDA. As of the end of any calendar quarter, Borrower shall not permit the ratio of Consolidated Senior Funded Debt to Consolidated EBITDA for the immediately preceding twelve months to be (a) prior to the earlier of (i) June 30, 2000 or (ii) the closing of the Required Institutional Debt (such date, the "Ratio Reduction Date"), more than 3.60 to 1.00, (b) for the period from the Ratio Reduction Date through and including December 31, 2000, more than 3.00 to 1.00, and (c) thereafter, more than 2.50 to 1.00; provided that the Target Company EBITDA attributable to any Acquisition, for purposes of calculating Consolidated EBITDA, shall, for the twelve (12) month period commencing on the Acquisition Date, be computed by annualizing the actual Target Company EBITDA for the period since the Acquisition Date.
Consolidated Senior Funded Debt to Consolidated EBITDA. As at the end of any fiscal quarter, the Borrowers shall not permit the ratio of (a) Consolidated Senior Funded Debt as of such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters then ending to exceed (i) 3.50:1.00 for the fiscal quarter ending on April 30, 2007, (ii) 3.75:1.00 for the fiscal quarter ending on July 31, 2007, (iii) 3.85:1.00 for the fiscal quarters ending on October 31, 2007 through and including the fiscal quarter ending on April 30, 2008, (iv) 3.60:1.00 for the fiscal quarters ending on July 31, 2008 and October 31, 2008, and (v) 3.35:1.00 for the fiscal quarter ending on January 31, 2009 and every fiscal quarter thereafter.”
9. Amendment to Schedule 2.01 of the Credit Agreement. Schedule 2.01 of the Credit Agreement is hereby amended by deleting such Schedule in its entirety and substituting in lieu thereof revised Schedule 2.01 attached hereto.
