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.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc), Credit and Term Loan Agreement (Casella Waste Systems Inc)
Consolidated Senior Funded Debt to Consolidated EBITDA. As Permit, at the end last day of each fiscal quarter ending at any fiscal quartertime on or after March 31, 2005, the ratio of (a) Consolidated Senior Funded Debt as of such date to Consolidated EBITDA, calculated (bwithout duplication) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on the date of calculation shall not exceed 3.00:1.00such date, to be greater than 2.00:1.00.
Appears in 1 contract
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 on the date of calculation shall not to exceed 3.00:1.00.
Appears in 1 contract
Samples: Revolving Credit Agreement (Casella Waste Systems Inc)
Consolidated Senior Funded Debt to Consolidated EBITDA. As Permit, at the end last day of any each fiscal quarterquarter from and after June 30, 2005, the ratio of (a) Consolidated Senior Funded Debt as of such date to Consolidated EBITDA, calculated (bwithout duplication) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on the date of calculation shall not exceed 3.00:1.00such date, to be greater than 1.50:1.00.
Appears in 1 contract
Consolidated Senior Funded Debt to Consolidated EBITDA. As at Commencing with the end of any fiscal quarterFiscal Quarter ending December 31, 2013, the Borrower shall not permit the ratio of (a) Consolidated Senior Funded Debt as of such date to (b) Consolidated EBITDA for the period trailing four Fiscal Quarters then ended to exceed (i) 3.0 to 1.00 as of four (4) consecutive fiscal quarters the last day of any Fiscal Quarter ending on or before June 30, 2015, and (ii) 2.50 to 1.00 as of the date last day of calculation shall not exceed 3.00:1.00any Fiscal Quarter ending on or after September 30, 2015.
Appears in 1 contract
