Consolidated Total Debt Coverage. The Company will ensure that the ratio of Consolidated Total Debt at any time to Consolidated EBITDA for the Measurement Period then or most recently ended, is not greater than 3.25 to 1.00.
Appears in 4 contracts
Samples: Note Purchase Agreement (UTi WORLDWIDE INC), Letter of Credit and Cash Draw Agreement (UTi WORLDWIDE INC), Note Purchase Agreement (UTi WORLDWIDE INC)
Consolidated Total Debt Coverage. The Company will ensure that the ratio of Consolidated Total Debt at any time Borrowings to Consolidated EBITDA for is not, at the end of each Measurement Period then or most recently endedgreater than, 3.00 to 1.00 so long as the Company is not greater than required to maintain the same ratio under the LC Agreement, and, subject to Section 9.15, at all other times, 3.25 to 1.00.
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Consolidated Total Debt Coverage. The Company will ensure that the ratio of Consolidated Total Debt at any time Borrowings to Consolidated EBITDA for is not, at the end of each Measurement Period then or most recently endedPeriod, is not greater than 3.25 to 1.00.
Appears in 1 contract
Samples: Agreement (UTi WORLDWIDE INC)
Consolidated Total Debt Coverage. The Company will ensure that the ratio of Consolidated Total Debt at any time to Consolidated EBITDA for the Measurement Period then or most recently ended, is not greater than 3.25 to 1.00.. Section 10.4
Appears in 1 contract
Samples: www.sec.gov
Consolidated Total Debt Coverage. The Company Borrower will ensure that the ratio of Consolidated Total Debt at any time to Consolidated EBITDA for the Measurement Period then or most recently ended, is not greater than 3.25 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (UTi WORLDWIDE INC)
