Common use of Debt/EBITDA Ratio Clause in Contracts

Debt/EBITDA Ratio. At the end of each Fiscal Quarter specified below, the Debt/EBITDA Ratio will not be higher than the ratio specified for such Fiscal Quarter below: FISCAL QUARTER RATIO -------------- ----- First Fiscal Quarter of Fiscal 1999 5.25 to 1 Second Fiscal Quarter of Fiscal 1999 6.00 to 1 Third Fiscal Quarter of Fiscal 1999 5.00 to 1 Fourth Fiscal Quarter of Fiscal 1999 4.00 to 1 and each Fiscal Quarter thereafter

Appears in 1 contract

Samples: Credit Agreement (Vlasic Foods International Inc)

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Debt/EBITDA Ratio. At The Debt/EBITDA Ratio at the end of each Fiscal Quarter specified below, will be less than: (i) for the Debt/EBITDA Ratio will not be higher than period from and including the ratio specified for such Fiscal Quarter below: FISCAL QUARTER RATIO -------------- ----- First second Fiscal Quarter of Fiscal Year 1999 5.25 to 1 Second through and including the first Fiscal Quarter of Fiscal 1999 6.00 Year 2000, 5.0 to 1 Third 1.0; (ii) for the period from and including the second Fiscal Quarter of Fiscal 1999 5.00 to 1 Fourth Year 2000 through and including the third Fiscal Quarter of Fiscal 1999 4.00 Year 2000, 4.0 to 1 1.0; and each Fiscal Quarter (iii) at all times thereafter, 3.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Culp Inc)

Debt/EBITDA Ratio. At the end of each Fiscal Quarter specified ending during each period set forth below, the Debt/EBITDA Ratio will not be higher than the ratio specified for set forth opposite such period below: PERIOD RATIO ------ ----- End of first three Fiscal Quarters of Fiscal 1998 4.50 to 1 End of fourth Fiscal Quarter below: FISCAL QUARTER RATIO -------------- ----- First of Fiscal 1998 through end of third 4.25 to 1 Fiscal Quarter of Fiscal 1999 5.25 to 1 Second End of fourth Fiscal Quarter of Fiscal 1999 6.00 and thereafter 3.75 to 1 Third Fiscal Quarter of Fiscal 1999 5.00 to 1 Fourth Fiscal Quarter of Fiscal 1999 4.00 to 1 and each Fiscal Quarter thereafter1

Appears in 1 contract

Samples: Credit Agreement (Vlasic Foods International Inc)

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Debt/EBITDA Ratio. At the end of each Fiscal Quarter specified belowQuarter, the Debt/EBITDA Ratio will not shall be higher less than (i) for the ratio specified for such Fiscal Quarter below: FISCAL QUARTER RATIO -------------- ----- First period from and including the first Fiscal Quarter of Fiscal 1999 5.25 to 1 Second Year 2003 through the second Fiscal Quarter of Fiscal 1999 6.00 Year 2003, 3.25 to 1 Third 1.0; (ii) for the period after the second Fiscal Quarter of Fiscal 1999 5.00 to 1 Fourth Year 2003 through the third Fiscal Quarter of Fiscal 1999 4.00 Year 2003, 3.00 to 1 and each 1.0; (iii) for the period after the third Fiscal Quarter thereafterof Fiscal Year 2003 through and including the fourth Fiscal Quarter of Fiscal Year 2003, 2.75 to 1.0; and (iv) for Fiscal Year 2004, 2.50 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Culp Inc)

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