Debt/EBITDA Ratio. Maintain at all times a Debt/EBITDA Ratio of not more than the amount set forth below for each Measurement Period set forth below: Quarter Ending Ratio June 30, 2006 3.50:1.00 September 30, 2006 3.50:1.00 December 31, 2006 3.50:1.00 March 31, 2007 3.00:1.00 June 30, 2007 3.00:1.00 September 30, 2007 3.00:1.00 December 31, 2007 3.00:1.00 March 31, 2008 and thereafter 2.50:1.00
Appears in 2 contracts
Samples: First Letter Amendment (Grubb & Ellis Co), First Letter Amendment (Grubb & Ellis Co)
Debt/EBITDA Ratio. Maintain at all times a Debt/EBITDA Ratio of not more than the amount set forth below for each Measurement Period set forth below: Quarter Ending Ratio QUARTER ENDING RATIO -------------- ----- March 31, 2005 3.50:1.00 June 30, 2005 3.50:1.00 September 30, 2005 3.50:1.00 December 31, 2005 3.25:1.00 March 31, 2006 3.25:1.00 June 30, 2006 3.50:1.00 3.25:1.00 September 30, 2006 3.50:1.00 3.25:1.00 December 31, 2006 3.50:1.00 2.75:1.00 March 31, 2007 3.00:1.00 2.75:1.00 June 30, 2007 3.00:1.00 2.75:1.00 September 30, 2007 3.00:1.00 2.75:1.00 December 31, 2007 3.00:1.00 March 31, 2008 and thereafter 2.50:1.00
Appears in 1 contract
Samples: Credit Agreement (Grubb & Ellis Co)
Debt/EBITDA Ratio. Maintain at all times a Debt/EBITDA Ratio of not more than the amount set forth below for each Measurement Period set forth below: 73 Quarter Ending Ratio June 30, 2006 3.50:1.00 September 30, 2006 3.50:1.00 December 31, 2006 3.50:1.00 March 31, 2007 3.00:1.00 June 30, 2007 3.00:1.00 September 30, 2007 3.00:1.00 December 31, 2007 3.00:1.00 3.75:1.00 March 31, 2008 3.75:1.00 June 30, 2008 3.75:1.00 September 30, 2008 3.75:1.00 December 31, 2008 and thereafter 2.50:1.003.50:1.00
Appears in 1 contract
Samples: Credit Agreement (Grubb & Ellis Co)
Debt/EBITDA Ratio. Maintain at all times a Debt/EBITDA Ratio of not more than the amount set forth below for each Measurement Period set forth below: 70 Quarter Ending Ratio March 31, 2006 3.50:1.00 June 30, 2006 3.50:1.00 September 30, 2006 3.50:1.00 December 31, 2006 3.50:1.00 March 31, 2007 3.00:1.00 3.50:1.00 June 30, 2007 3.00:1.00 3.50:1.00 September 30, 2007 3.00:1.00 3.50:1.00 December 31, 2007 3.00:1.00 March 31, 2008 3.00:1.00 June 30, 2008 3.00:1.00 September 30, 2008 3.00:1.00 December 31, 2008 and thereafter 2.50:1.00
Appears in 1 contract
Samples: Credit Agreement (Grubb & Ellis Co)
