Debt Servicing. Adjusted EBITDA to Debt Service Liability for each financial year must be at least 10.00 to 1. Minimum EBITDA: EBITDA for each financial year must be at least £100. Gross Leverage: Gross Borrowings to EBITDA for each financial year must not exceed 10.00 to 1. Net Leverage: Net Borrowings to EBITDA for each financial year must not exceed 10.00 to 1.
Appears in 5 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
