Debt Limitation. The Company agrees for two years after Closing not to enter into any new borrowings of more than three times the sum of the EBITDA from recurring operations over the trailing four quarters.
Appears in 4 contracts
Samples: Preferred Stock Purchase Agreement (Lounsberry Holdings I Inc), Preferred Stock Purchase Agreement (Lounsberry Holdings Ii Inc), Preferred Stock Purchase Agreement (Lounsberry Holdings Iii Inc)
Debt Limitation. The Company agrees for two three years after Closing not to enter into any new borrowings of more than three times twice as much as the sum of the EBITDA from recurring operations over the trailing past four quarters.
Appears in 3 contracts
Samples: Preferred Stock Purchase Agreement (Corgenix Medical Corp/Co), Stock Purchase Agreement (Enucleus Inc), Stock Purchase Agreement (Enucleus Inc)
Debt Limitation. The Company agrees for two three years after Closing not to enter into any new borrowings of more than three times as much as the sum of the EBITDA from recurring operations over the trailing past four quarters.
Appears in 2 contracts
Samples: Loan, Security and Warrant Agreement (Dental Patient Care America Inc), Stock Purchase Agreement (Broadcast International Inc)
Debt Limitation. The Company agrees for two years after the Closing Date not to enter into any new borrowings of more than three times as much as the sum of the EBITDA (defined as earnings before interest, tax, depreciation and amortization) from recurring operations over the trailing past four quarters.
Appears in 1 contract
Debt Limitation. The Company agrees that, for two years after Closing not to Closing, neither it nor its consolidated subsidiaries, shall enter into any new borrowings to the extent that the principal amount of such borrowings outstanding at the end of a calendar quarter is more than three times the sum of the EBITDA from recurring continuing operations over the trailing four quartersquarters ending on such date.
Appears in 1 contract
Samples: Securities Purchase Agreement (Franklyn Resources Iii Inc)
Debt Limitation. The Company agrees for two years after Closing not to enter into any new borrowings of more than three times as much as the sum of the run rate EBITDA from recurring operations over the trailing four quarters(current quarter annualized).
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Mb Software Corp)
