Debt Limitation. Until the earlier of (a) three years from the Closing Date or (b) the Restriction Termination Date at 90%, the Company will not have any debt outstanding in an amount greater than twice the sum of the EBITDA from continuing operation for the past four quarters.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Deli Solar (USA), Inc.), Securities Purchase Agreement (Deli Solar (USA), Inc.)
Debt Limitation. Until The Company agrees until the earlier of (a) three years from the after Closing Date or (b) the Restriction Termination Date at 90%, the Company it will not have outstanding any debt outstanding in an amount greater than twice as the sum of the EBITDA from continuing operation operations for the past four quarters.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Lincoln International Corp), Securities Purchase Agreement (China Education Alliance Inc.)
