Consolidated Total Debt to EBITDA Sample Clauses

Consolidated Total Debt to EBITDA. The Company shall not permit the ratio of Consolidated Total Debt as of the end of any Fiscal Quarter of the Company to the sum of EBITDA for the Fiscal Quarter then ending and the preceding seven Fiscal Quarters (divided by two), to be greater than the ratio set forth opposite the relevant Fiscal Quarter in the following table: Fourth Fiscal Quarter Fiscal Year 2002 3.75 to 1.00 First Fiscal Quarter Fiscal Year 2003 3.50 to 1.00 Second Fiscal Quarter Fiscal Year 2003 3.50 to 1.00 Third Fiscal Quarter Fiscal Year 2003 3.50 to 1.00 Fourth Fiscal Quarter Fiscal Year 2003 3.75 to 1.00 First Fiscal Quarter Fiscal Year 2004 4.00 to 1.00 Second Fiscal Quarter Fiscal Year 2004 4.00 to 1.00 Third Fiscal Quarter Fiscal Year 2004 4.00 to 1.00 Fourth Fiscal Quarter Fiscal Year 2004 4.00 to 1.00 First Fiscal Quarter Fiscal Year 2005 3.75 to 1.00 Second Fiscal Quarter Fiscal Year 2005 3.75 to 1.00 Third Fiscal Quarter Fiscal Year 2005 3.75 to 1.00 Thereafter 3.50 to 1.00
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Consolidated Total Debt to EBITDA. (i) The Company will not permit Consolidated Total Debt at any time to exceed 3.25 times EBITDA for the four consecutive Fiscal Quarters then most recently ended. (ii) If Consolidated Total Debt at any time exceeds 2.50 times EBITDA for the four consecutive Fiscal Quarters then most recently ended, then within 90 days thereafter you and the banks party to the Credit Agreement (the “Banks”) shall enter into an intercreditor agreement. Such intercreditor agreement shall be on terms reasonably satisfactory to you and the Banks and shall provide, among other things, that following the occurrence of an event of default under this Agreement or the credit facility, any payment or proceeds received from the Company or any of its Subsidiaries in respect of any Indebtedness held by you or the Banks shall be shared on a ratable basis with the other parties to such intercreditor agreement. For the avoidance of doubt, a failure to enter into a satisfactory intercreditor agreement within such 90 day period shall constitute an Event of Default under Section 11(c) of the Note Agreement.
Sample 1
Consolidated Total Debt to EBITDA. Consolidated Financing Debt shall not on any date exceed 300% of Consolidated EBITDA for the most recently completed period of four consecutive fiscal quarters, provided, however, for these purposes, Consolidated EBITDA shall exclude non-recurring charges."
Sample 1
Consolidated Total Debt to EBITDA. The Company shall not permit the ratio of Consolidated Total Debt as of the end of any Fiscal Quarter of the Company to the sum of EBITDA for the Fiscal Quarter then ending and the preceding seven Fiscal Quarters (divided by two), to be greater than the ratio set forth opposite the relevant Fiscal Quarter in the following table: Third Quarter Fiscal Year 2004 5.00 to 1.00 Fourth Quarter Fiscal Year 2004 5.00 to 1.00 First Quarter Fiscal Year 2005 5.00 to 1.00 Second Quarter Fiscal Year 2005 4.50 to 1.00 Third Quarter Fiscal Year 2005 4.00 to 1.00 Fourth Quarter Fiscal Year 2005 and thereafter” 3.50 to 1.00 17. Paragraph 6A(8). Paragraph 6A(8) is hereby modified and amended by deleting it in its entirety and substituting the following in lieu thereof: “6A(8). Reserved.”
Sample 1

Related to Consolidated Total Debt to EBITDA

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Funded Debt to EBITDA Ratio To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 2.0:1.0.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Debt to EBITDA Ratio Maintain, as of the end of each fiscal quarter, a ratio of (i) Debt, excluding Debt in respect of Hedge Agreements, as of such date to (ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than 4.0 to 1.0.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Total Debt The total Debt of all Consolidated Subsidiaries of the Borrower, excluding the Debt, if any, owed by such Consolidated Subsidiaries to the Borrower or another Consolidated Subsidiary of the Borrower, will at no time exceed an amount equal to $500,000,000 (or the Exchange Equivalent thereof).

  • Funded Debt Ratio Permit the Funded Debt Ratio, as of the last day of any Fiscal Quarter, to be greater than the ratio set forth below opposite such Fiscal Quarter or the period during which such Fiscal Quarter ends: Period/Fiscal Quarter Maximum Ratio December 31, 2002 3.50:1.00 March 31, 2003 2.60:1.00 June 30, 2003 2.50:1.00 September 30, 2003 2.00:1.00 December 31, 2003 through March 31, 2004 1.75:1.00 April 1, 2004 through December 31, 2004 1.50:1.00

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