Common use of Debt to EBITDA Clause in Contracts

Debt to EBITDA. If the Borrower has not submitted to the Administrative Agent the information described above as and when required under Section 5.03(c) or (d), as the case may be, the Administrative Agent may determine, in its reasonable judgment, the ratio referred to above that would have been in effect as at such date, and, consequently, the Applicable Margin in effect for the period commencing on such date until such time as the Borrower submits to the Administrative Agent the information so required, and within three (3) Business Days after receipt thereof the Applicable Margin shall be adjusted retroactively for the relevant period. Notwithstanding the above schedule, from the Effective Date of the Fourth Amendment until the delivery to the Administrative Agent of the Borrower's financial 3 statements for September 30, 2000, the Applicable Margin for a Revolving Credit Advance and a Term Loan A Advance shall be 3.25% for a Eurodollar Advance and 2.00% for a Prime Rate Advance;

Appears in 1 contract

Samples: Credit Agreement (Applied Graphics Technologies Inc)

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Debt to EBITDA. If the Borrower has not submitted to the Administrative Agent the information described above as and when required under Section 5.03(c) or (d), as the case may be, the Administrative Agent may determine, in its reasonable judgment, the ratio referred to above that would have been in effect as at such date, and, consequently, the Applicable Margin in effect for the period commencing on such date until such time as the Borrower submits to the Administrative Agent the information so required, and within three (3) Business Days after receipt thereof the Applicable Margin shall be adjusted retroactively for the relevant period. Notwithstanding the above schedule, from the Effective Date date of the Fourth Amendment DPG Sale until the delivery to the Administrative Agent of the Borrower's financial 3 statements for September 30, 2000the first full fiscal quarter ending after the date of the DPG Sale, the Applicable Margin for a Revolving Credit Advance and a Term Loan A Advance shall be 3.25% for a Eurodollar Advance and 2.00% for a Prime Rate Advance;

Appears in 1 contract

Samples: Credit Agreement (Applied Graphics Technologies Inc)

Debt to EBITDA. If the Borrower has not submitted to the Administrative Agent the information described above as and when required under Section 5.03(c) or (d), as the case may be, the Administrative Agent may determine, in its reasonable judgment, the ratio referred to above that would have been in effect as at such date, and, consequently, the Applicable Margin in effect for the period commencing on such date until such time as the Borrower submits to the Administrative Agent the information so required, and within three (3) Business Days after receipt thereof the Applicable Margin shall be adjusted retroactively for the relevant period. Notwithstanding the above schedule, from the Effective Date of the Fourth Amendment until prior to the delivery to the Administrative Agent of the Borrower's financial 3 statements for September its fiscal quarter ending SEPTEMBER 30, 20001999, the Applicable Margin for a Revolving Credit Advance and a Term Loan A Advance shall be 3.252.75% for a Eurodollar Advance and 2.001.50% for a Prime Rate Advance;.

Appears in 1 contract

Samples: Credit Agreement (Applied Graphics Technologies Inc)

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Debt to EBITDA. If the Borrower has not submitted to the Administrative Agent the information described above as and when required under Section 5.03(c) or (d), as the case may be, the Administrative Agent may determine, in its reasonable judgment, the ratio referred to above that would have been in effect as at such date, and, consequently, the Applicable Margin in effect for the period commencing on such date until such time as the Borrower submits to the Administrative Agent the information so required, and within three (3) Business Days after receipt thereof the Applicable Margin shall be adjusted retroactively for the relevant period. Notwithstanding the above schedule, from the Effective Date of the Fourth Amendment until prior to the delivery to the Administrative Agent of the Borrower's financial 3 statements for its fiscal quarter ending September 30, 20001999, the Applicable Margin for a Revolving Credit Advance and a Term Loan A Advance shall be 3.252.75% for a Eurodollar Advance and 2.001.50% for a Prime Rate Advance;

Appears in 1 contract

Samples: Credit Agreement (Applied Graphics Technologies Inc)

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