Consolidated Total Debt to Consolidated EBITDA Ratio. The Company will not at any time permit the ratio of (a) Consolidated Total Indebtedness at such time to (b) Consolidated EBITDA for the most recently ended period of four consecutive fiscal quarters to be greater than 3.25 to 1.00.
Consolidated Total Debt to Consolidated EBITDA Ratio. Commencing with the first full fiscal quarter of the Borrower ended after the Funding Date, the Borrower will not permit at the end of any quarterly financial reporting period the ratio of Consolidated Total Debt as of the last day of such quarterly financial reporting period to Consolidated EBITDA for the period of four consecutive fiscal quarters ending on the last day of such quarterly financial reporting period, taken as a single period, to exceed 3.00 to 1.00.
Consolidated Total Debt to Consolidated EBITDA Ratio. The Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio for any Test Period set forth below to be greater than the ratio set forth below opposite such period: Test Period Ending Ratio March 31, 2008 6.80 to 1.00 June 30, 2008 6.80 to 1.00 September 30, 2008 6.25 to 1.00 December 31, 2008 6.25 to 1.00 March 31, 2009 6.25 to 1.00 June 30, 2009 6.25 to 1.00 September 30, 2009 6.00 to 1.00 December 31, 2009 5.75 to 1.00 March 31, 2010 4.75 to 1.00 June 30, 2010 4.75 to 1.00 September 30, 2010 4.75 to 1.00 EXECUTION COPY Test Period Ending Ratio December 31, 2010 4.75 to 1.00 March 31, 2011 4.00 to 1.00 June 30, 2011 4.00 to 1.00 September 30, 2011 4.00 to 1.00 December 31, 2011 4.00 to 1.00 March 31, 2012 3.10 to 1.00 June 30, 2012 3.10 to 1.00 September 30, 2012 3.10 to 1.00 December 31, 2012 3.10 to 1.00 March 31, 2013 2.40 to 1.00 June 30, 2013 2.40 to 1.00 September 30, 2013 2.40 to 1.00 December 31, 2013 2.40 to 1.00
Consolidated Total Debt to Consolidated EBITDA Ratio. Holdings and the Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio for any Test Period ending during any period set forth below to be greater than the ratio set forth below opposite such period: Period Ratio May 29, 2006 to August 27, 2006 5.00 to 1.00 August 28 2006 to November 26, 2006 5.00 to 1.00 November 27, 2006 to February 25, 2007 5.00 to 1.00 February 26, 2007 to May 27, 2007 4.75 to 1.00 May 28, 2007 to August 26, 2007 4.75 to 1.00 August 27, 2007 December 2, 2007 4.50 to 1.00 December 3, 2007 to March 2, 2008 4.50 to 1.00 March 3, 2008 to June 1, 2008 4.25 to 1.00 June 2, 2008 to August 31, 2008 4.25 to 1.00 September 1, 2008 to November 30, 2008 4.00 to 1.00 December 1, 2008 and thereafter 4.00 to 1.00
Consolidated Total Debt to Consolidated EBITDA Ratio. (i) Beginning with the Initial Financial Statement Delivery Date, the Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio as of the last day of any Test Period to be greater than 5.0 to 1.0. The provisions of this Section 10.9 are for the benefit of the Revolving Credit Lenders only and the Required Revolving Class Lenders may amend, waive or otherwise modify this Section 10.9 or the defined terms used solely for purposes of this Section 10.9 or waive any Default resulting from a breach of this Section 10.9 without the consent of any Lenders other than the Required Revolving Class Lenders in accordance with the provisions of Section 13.1(x).
Consolidated Total Debt to Consolidated EBITDA Ratio. The Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio for any Test Period to be greater than 6.75 to 1.00.
Consolidated Total Debt to Consolidated EBITDA Ratio. The Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio for any Test Period ending during any period set forth below to be greater than the ratio set forth below opposite such period: Period Ratio October 1, 2004 to December 31, 2004 6.75 to 1.00 January 1, 2005 to March 31, 2005 5.75 to 1.00 April 1, 2005 to June 30, 2005 5.75 to 1.00 July 1, 2005 to September 30, 2005 5.75 to 1.00 October 1, 2005 to December 31, 2005 5.75 to 1.00 January 1, 2006 to March 31, 2006 5.75 to 1.00 April 1, 2006 to June 30, 2006 5.75 to 1.00 July 1, 2006 to September 30, 2006 5.75 to 1.00 October 1, 2006 to December 31, 2006 5.50 to 1.00 January 1, 2007 to March 31, 2007 5.50 to 1.00 April 1, 2007 to June 30, 2007 5.50 to 1.00 July 1, 2007 to September 30, 2007 5.50 to 1.00 October 1, 2007 to December 31, 2007 5.25 to 1.00 January 1, 2008 to March 31, 2008 5.25 to 1.00 April 1, 2008 to June 30, 2008 5.25 to 1.00 July 1, 2008 to September 30, 2008 5.25 to 1.00 October 1, 2008 to December 31, 2008 5.25 to 1.00 January 1, 2009 to March 31, 2009 5.25 to 1.00 April 1, 2009 to June 30, 2009 5.25 to 1.00 July 1, 2009 to September 30, 2009 5.25 to 1.00 October 1, 2009 to December 31, 2009 5.00 to 1.00 101 Period Ratio January 1, 2010 to March 31, 2010 5.00 to 1.00 April 1, 2010 to June 30, 2010 5.00 to 1.00 July 1, 2010 to September 30, 2010 5.00 to 1.00 October 1, 2010 to December 31, 2010 4.75 to 1.00 January 1, 2011 to March 31, 2011 4.75 to 1.00 April 1, 2011 to June 30, 2011 4.75 to 1.00 July 1, 2011 and thereafter 4.75 to 1.00
Consolidated Total Debt to Consolidated EBITDA Ratio. Beginning with the Test Period ending September 30, 2012, the Borrower will not permit the ratio of Consolidated Total Debt to Consolidated EBITDA for any Test Period to be greater than (i) until the Test Period ending March 31, 2013, 5.0 to 1.0 and (ii) after the Test Period ending March 31, 2013, 4.5 to 1.0; provided that (i) for the period ending September 30, 2012, Consolidated EBITDA shall be EBITDA for the three month period then ending multiplied by 4, (ii) for the period ending December 31, 2012, Consolidated EBITDA shall be EBITDA for the six month period then ending multiplied by 2, and (iii) for the period ending March 31, 2013, Consolidated EBITDA shall be EBITDA for the nine month period then ending multiplied by 4/3.
Consolidated Total Debt to Consolidated EBITDA Ratio. The Company will not permit at the end of any quarterly financial reporting period (beginning with the quarterly financial reporting period ending September 30, 2018) the Consolidated Total Net Leverage Ratio to exceed (A) at any time prior to the earlier to occur of (1) the end of the first fiscal quarter ending December 31, 2019 and (2) the occurrence of any Lien Release Event, 4.50:100 and (B) at any time thereafter, 3.75:1.00 (or, in the case of this clause (B), 4.00:1.00 during the 12-month period following the consummation of any Permitted Acquisition or series of related Permitted Acquisitions that involves consideration (including non-cash consideration) with a fair market value, as of the date of the closing thereof, in excess of $100,000,000). Article XI
Consolidated Total Debt to Consolidated EBITDA Ratio. The Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio for any Test Period ending during any period set forth below to be greater than the ratio set forth below opposite such period: Period Ratio April 1, 2010 through June 30, 2010 4.10 to 1.00 July 1, 2010 through September 30, 2010 3.90 to 1.00 October 1, 2010 through December 31, 2010 3.70 to 1.00 January 1, 2011 through March 31, 2011 3.50 to 1.00 April 1, 2011 through June 30, 2011 3.25 to 1.00 Thereafter 3.00 to 1.00
