Debt to Adjusted EBITDA. Permit the Debt to Adjusted ----------------------- EBITDA Ratio at any time to exceed 3.50 to 1.00.
Debt to Adjusted EBITDA. Permit the ----------------------- Debt to Adjusted EBITDA Ratio to exceed:
(1) at any time on or prior to June 30, 2001, 3.50 to 1.00;
(2) at any time from (and including) July 1, 2001 to (and including) December 30, 2001, 3.75 to 1.00; and
(3) at any time from and after December 31, 2001, 3.50 to 1.00.
Debt to Adjusted EBITDA. Permit the ratio of (i) the total outstanding amount of Debt of PTP and its Subsidiaries on a Stand Alone Basis as of the last day of any four fiscal quarter period of PTP, commencing with the four fiscal quarter period ending March 31, 2014, to (ii) the Adjusted EBITDA of PTP and its Subsidiaries on a Stand Alone Basis for such period, to be greater than 3.00:1.00.
Debt to Adjusted EBITDA. Permit the ratio of (i) the total outstanding amount of Debt (excluding Permitted Risk Retention Debt) of the Borrower and its Subsidiaries on a Stand Alone Basis as of the last day of any four fiscal quarter period of the Borrower, commencing with the four fiscal quarter period ending December 31, 2014, to (ii) the Adjusted EBITDA of the Borrower and its Subsidiaries on a Stand Alone Basis for such period (the “Total Leverage Ratio”), to be greater than (x) if the principal amount of Debt then outstanding does not exceed $102,000,000, 4.00:1.00 and (y) if the principal amount of Debt then outstanding does exceed $102,000,000, 3.00:1.00.
Debt to Adjusted EBITDA. (a) The total outstanding amount of Debt (excluding Permitted Risk Retention Debt) of Borrower and its Subsidiaries on a Stand Alone Basis as of the last day of the four fiscal quarter period of the Borrower ending ___________, ___ is equal to $________________.
(b) The Adjusted EBITDA of Borrower and its Subsidiaries on a Stand Alone Basis for the four fiscal quarter period of the Borrower ending ___________, ___ is equal to $________________.
(c) The ratio obtained by dividing the amount under clause (a) of this Item 2 by the amount under clause (b) of this Item 2 is __________, which is less than or equal to (x) if the amount under clause (a) does not exceed $[●], 4.00:1.00 and (y) if the amount under clause (a) does exceed $[●], 3.00:1.00, in each case, set forth in Section 6.12(b) of the Credit Agreement.
(d) A calculation of each component of Adjusted EBITDA for the four fiscal quarter period of the Borrower ending ___________, ___ is shown below: [___]
Debt to Adjusted EBITDA. Permit the ratio of (i) the total outstanding amount of Debt of the Loan Parties and their respectivethe Restricted Subsidiaries on a Stand Alone Basis as of the last day of any four fiscal quarter period of PTP, commencing with the four fiscal quarter period ending March 31, 2014, to (ii) the Adjusted EBITDA of the Loan Parties and their respectivethe Restricted Subsidiaries on a Stand Alone Basis for such period, to be greater than (A) for each fiscal period ending on or prior to December 31, 2016, 3.75:1.00 and (B) thereafter, 3.50:1.00; provided that, notwithstanding any provision in this Agreement to the contrary, for purposes of calculating compliance with this Section 6.13(b), Debt shall exclude any Debt that is non-recourse to each Loan Party or any of their respective Subsidiaries or assets (other than with respect to any non-Loan Party Subsidiary incurring such Debt) and for which no Subsidiary shall be liable except to the extent such Debt is permitted pursuant to Section 6.1(m) or (n) above.4.00:1.00.
Debt to Adjusted EBITDA. Permit the ratio of (i) the total outstanding amount of Debt of the Borrower and its Subsidiaries on a Stand Alone Basis as of the last day of any four fiscal quarter period of the Borrower, commencing with the four fiscal quarter period ending December 31, 2014, to (ii) the Adjusted EBITDA of the Borrower and its Subsidiaries on a Stand Alone Basis for such period (the “Total Leverage Ratio”), to be greater than 3.00:1.00.
Debt to Adjusted EBITDA. Permit the ratio of (i) the total outstanding amount of Debt of the Loan Parties and the Restricted Subsidiaries on a Stand Alone Basis as of the last day of any four fiscal quarter period of PTP, commencing with the four fiscal quarter period ending March 31, 2014, to (ii) the Adjusted EBITDA of the Loan Parties and the Restricted Subsidiaries on a Stand Alone Basis for such period, to be greater than 4.00:1.00. Assets Under Management. Permit Assets Under Management at any time to be less than the sum of (i) $32,982,000,000 plus (ii) 75% of all New Management Fee Assets.
Debt to Adjusted EBITDA. (a) The total outstanding amount of Debt of PTP and itsthe Loan Parties and their respective Subsidiaries on a Stand Alone Basis as of the last day of the four fiscal quarter period of [PTP] ending , is equal to $ .(4)
(b) The Adjusted EBITDA of PTP and itsthe Loan Parties and their respective Subsidiaries on a Stand Alone Basis as of the last day of the four fiscal quarter period of [PTP] ending , is equal to $ .
(c) The ratio obtained by dividing the amount under clause (a) of this Item 2 by the amount under clause (b) of this Item 2 is , which is less than or equal to the ratio of 3.0[3.75:1.00](5)[3.50:1.00](6) set forth in Section 6.13(b) of the Credit Agreement.
(d) A calculation of each component of Adjusted EBITDA is shown below: [ ]
Debt to Adjusted EBITDA. Maintenance Ratio), the Borrower shall so notify the Facility Agent in writing, specifying the nature of the relevant breach and the steps, if any, the Borrower proposes to take in order to remedy the relevant breach.
