Common use of Consolidated Total Funded Debt to Consolidated EBITDA Clause in Contracts

Consolidated Total Funded Debt to Consolidated EBITDA. As at the end of any fiscal quarter, the ratio of (a) Consolidated Total 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 4.50:1.00.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc), Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc)

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Consolidated Total Funded Debt to Consolidated EBITDA. As at Permit the ratio of Consolidated Total Funded Debt to Consolidated EBITDA as of the end of any fiscal quarter, quarter to be greater than the ratio of (a) Consolidated Total Funded Debt as of such date to (b) Consolidated EBITDA for set forth below opposite the applicable period of four (4) consecutive in which the fiscal quarters ending on the date of calculation shall not exceed 4.50:1.00.quarter occurs: Closing Date through March 30, 2011 4.00:1.00 March 31, 2011 through December 30, 2011 3.55:1.00 December 31, 2011 through December 30, 2012 3.00:1.00 December 31, 2012 and thereafter 2.50:1.00

Appears in 1 contract

Samples: Credit Agreement (Aceto Corp)

Consolidated Total Funded Debt to Consolidated EBITDA. As Maintain on a consolidated basis at the end of any each fiscal quarter-end during the Term hereof, the a ratio of (a) Consolidated Total Funded Debt as of such date to (b) Consolidated EBITDA (determined for the twelve-month period of four (4) consecutive fiscal quarters ending on the date of calculation shall any such calculation) of not exceed 4.50:1.00.more than (A) 5.00 to 1.0 for each quarter-end occurring on or before May 31, 1999, and (B) 4.00 to 1.0 for each quarter-end occurring at anytime thereafter during the Term hereof;

Appears in 1 contract

Samples: Credit Agreement (Shaw Group Inc)

Consolidated Total Funded Debt to Consolidated EBITDA. As at the end of any fiscal quarter, the Borrowers shall not permit the ratio of (a) Consolidated Total 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 4.50:1.004.75:1.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (Casella Waste Systems Inc)

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Consolidated Total Funded Debt to Consolidated EBITDA. As Maintain on a consolidated basis at the end of any each fiscal quarter-end during the Term hereof, the a ratio of (a) Consolidated Total Funded Debt as of such date to (b) Consolidated EBITDA (determined for the twelve-month period of four (4) consecutive fiscal quarters ending on the date of calculation any such calculation) of not more than 4.5 to 1.0 for each quarter-end occurring at anytime during the Term hereof; Section 7.1 (k)(vi) of the Agreement is hereby deleted in its entirety, and in its place shall not exceed 4.50:1.00.be substituted the following:

Appears in 1 contract

Samples: Credit Agreement (Shaw Group Inc)

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