Common use of Debt to EBITDA Clause in Contracts

Debt to EBITDA. ratio The ratio of Debt to EBITDA on a trailing twelve (12) month’s basis shall not at any time exceed 5.5:1.

Appears in 5 contracts

Sources: Secured Reducing Revolving Multi Currency Credit Facility Agreement (Safe Bulkers, Inc.), Secured Reducing Revolving Multi Currency Credit Facility Agreement (Safe Bulkers, Inc.), Guarantee and Indemnity (Safe Bulkers, Inc.)

Debt to EBITDA. ratio RATIO The ratio of Debt to EBITDA on a trailing twelve (12) month’s 's basis shall not at any time exceed 5.5:1.

Appears in 1 contract

Sources: First Supplemental Agreement to a Secured Reducing Revolving Multi Currency Credit Facility Agreement (Safe Bulkers, Inc.)

Debt to EBITDA. ratio The ratio of Debt to EBITDA on a trailing twelve (12) month’s basis shall not at any time exceed 5.5:15,5:1.

Appears in 1 contract

Sources: Guarantee and Indemnity (Safe Bulkers, Inc.)