Debt/Adjusted EBITDA Ratio. The Debt/Adjusted EBITDA Ratio shall not exceed the following amounts as of the ends of fiscal quarters of the Borrower ending nearest to the following dates: -------------------------------------------------------------------------------------------------- Fiscal Quarter Debt/Adjusted EBITDA Ratio Ending -------------------------------------------------------------------------------- Nearest to 1998 1999 2000 2001 2002 2003 2004 2005 -------------------------------------------------------------------------------------------------- March 31 4.25 3.50 3.25 2.75 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- June 30 4.25 3.50 3.25 2.75 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- September 30 4.25 4.25 3.50 3.25 2.75 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- December 31 4.25 3.50 3.25 2.75 2.00 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- and thereafter, 2.00.
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Samples: Credit Agreement (Century Maintenance Supply Inc), Credit Agreement (Century Maintenance Supply Inc)
Debt/Adjusted EBITDA Ratio. The Debt/Adjusted EBITDA Ratio shall not exceed the following amounts as of the ends of fiscal quarters of the Borrower ending nearest to the following dates: -------------------------------------------------------------------------------------------------- Fiscal Quarter Debt------------------------------------------------------------------------- FISCAL QUARTER DEBT/Adjusted ADJUSTED EBITDA Ratio Ending -------------------------------------------------------------------------------- Nearest to RATIO ENDING --------------------------------------------------------- NEAREST TO 1998 1999 2000 2001 2002 2003 2004 2005 -------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------- March 31 4.25 3.50 3.25 2.75 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- 2.00 ------------------------------------------------------------------------- June 30 4.25 3.50 3.25 2.75 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- 2.00 ------------------------------------------------------------------------- September 30 4.25 4.25 3.50 3.25 2.75 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- December 31 4.25 3.50 3.25 2.75 2.00 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------- December 31 4.25 3.50 2.75 2.00 2.00 2.00 2.00 2.00 ------------------------------------------------------------------------- and thereafter, 2.00.
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Debt/Adjusted EBITDA Ratio. The Debt/Adjusted EBITDA Ratio shall not exceed the following amounts as of the ends of fiscal quarters of the Borrower ending nearest to the following dates: -------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------ Fiscal Quarter Debt/Adjusted EBITDA Ratio Ending -------------------------------------------------------------------------------- Nearest to ------------------------------------------------------------------------------------------------------ 1998 1999 2000 2001 2002 2003 2004 2005 -------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------ March 31 4.25 3.50 3.25 2.75 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- 6.40:1.00 5.60:1.00 4.75:1.00 3.75:1.00 3.50:1.00 3.50:1.00 ------------------------------------------------------------------------------------------------------ June 30 4.25 3.50 3.25 2.75 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- 6.75:1:00 6.40:1.00 5.35:1.00 4.50:1.00 3.75:1.00 3.50:1.00 ------------------------------------------------------------------------------------------------------ September 30 4.25 4.25 3.50 3.25 2.75 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- 6.75:1:00 6.20:1.00 5.10:1.00 4.25:1.00 3.75:1.00 3.50:1.00 ------------------------------------------------------------------------------------------------------ December 31 4.25 3.50 3.25 2.75 2.00 2.00 2.00 2.00 -------------------------------------------------------------------------------------------------- 6.40:1.00 6.00:1.00 5.00:1.00 4.00:1.00 3.50:1.00 3.50:1.00 ------------------------------------------------------------------------------------------------------ and thereafter, 2.003.50:1.00.
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