Common use of Debt/EBITDA Ratio Clause in Contracts

Debt/EBITDA Ratio. Maintain a ratio of Consolidated Debt to Consolidated EBITDA for the period of twelve months most recently ended on or prior to the last day of each fiscal quarter set forth below of not greater than the ratio set forth opposite such fiscal quarter end below: Fiscal Quarter Ending Ratio September 30, 2004 4.75 to 1 December 31, 2004 4.50 to 1 March 31, 2005 4.25 to 1 June 30, 2005 4.25 to 1 September 30, 2005 4.00 to 1 December 31, 2005 3.75 to 1 Each fiscal quarter end after December 31, 2005 3.50 to 1

Appears in 3 contracts

Samples: Credit Agreement (Lubrizol Corp), Credit Agreement (Lubrizol Corp), Credit Agreement (Lubrizol Corp)

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Debt/EBITDA Ratio. Maintain a ratio of Consolidated Debt to Consolidated EBITDA for the period of twelve months most recently ended on or prior to the last day of each fiscal quarter set forth below of not greater than the ratio set forth opposite such fiscal quarter end below: Fiscal Quarter Ending Ratio September 30, 2004 4.75 to 1 December 31, 2004 4.50 to 1 March 31, 2005 4.25 to 1 June 30, 2005 4.25 to 1 --------------------- --------- September 30, 2005 4.00 to 1 December 31, 2005 3.75 to 1 Each fiscal quarter end after December 31, 2005 3.50 to 1

Appears in 1 contract

Samples: Credit Agreement (Lubrizol Corp)

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