Common use of Debt to EBITDA Clause in Contracts

Debt to EBITDA. At the last day of any fiscal quarter set forth below, commencing with the first fiscal quarter of the 1997 fiscal year of the Company, permit the ratio of Consolidated Funded Indebtedness as of such day to Consolidated EBITDA for the period of four fiscal quarters ending on such day to be greater than the ratio set forth below for such fiscal quarter; provided that, with respect to any acquisition permitted by subsection 8.7, the last four fiscal quarters of Consolidated EBITDA (as may be adjusted for post acquisition cost savings reasonably agreed to by the Company and the Administrative Agent) of the acquired company shall be added for the purposes of calculating this ratio: Fiscal Year Fiscal Quarter Ratio ----------- -------------- ----- 1997 First 5.75 to 1.00 Second 5.75 to 1.00 Third 5.75 to 1.00 Fourth 5.75 to 1.00 1998 First 5.75 to 1.00 77 Fiscal Year Fiscal Quarter Ratio ----------- -------------- -----

Appears in 1 contract

Samples: Credit Agreement (Carter William Co /Ga/)

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Debt to EBITDA. (a) At the last day of any fiscal quarter set forth below, commencing with the first fiscal quarter of the 1997 fiscal year of the Company, permit the ratio of Consolidated Funded Indebtedness as of at such day to Consolidated EBITDA for the period of four fiscal quarters ending on such day (the "Leverage Ratio") to be greater than the ratio set forth below for such fiscal quarter; provided provided, that, with respect to any acquisition permitted by subsection 8.78.6(h), the last four fiscal quarters of Consolidated EBITDA (as may be adjusted for post post-acquisition cost savings reasonably agreed to by the Company and the Administrative Agent) of the acquired company shall be added to the Consolidated EBITDA of the Company for the purposes of calculating this ratio: Fiscal Year Fiscal Quarter Ratio ----------- -------------- ----- 1997 1999 First 5.75 4.50 to 1.00 1 Second 5.75 4.50 to 1.00 1 Third 5.75 4.50 to 1.00 Fourth 5.75 1 1999-2003 Each fiscal quarter 4.00 to 1.00 1998 First 5.75 to 1.00 77 Fiscal Year Fiscal Quarter Ratio ----------- -------------- -----1 thereafter

Appears in 1 contract

Samples: Credit Agreement (CSK Auto Corp)

Debt to EBITDA. At the last day of any fiscal quarter set forth below, commencing with the first fiscal quarter of the 1997 fiscal year of the Company, permit the ratio of Consolidated Funded Indebtedness as of at such day to Consolidated EBITDA for the period of four fiscal quarters ending on such day (the "Leverage Ratio") to be greater than the ratio set forth below for such fiscal quarter; provided provided, that, with respect to any acquisition permitted by subsection 8.78.6(h), the last four fiscal quarters of Consolidated EBITDA (as may be adjusted for post post-acquisition cost savings reasonably agreed to by the Company and the Administrative Agent) of the acquired company shall be added to the Consolidated EBITDA of the Company for the purposes of calculating this ratio: Fiscal Year Fiscal Quarter Ratio ----------- -------------- ----- --------- 1997 First Xxxxxx 5.75 to 1.00 Second 5.75 to 1.00 Third 5.75 to 1.00 Fourth 5.75 to 1.00 1 1998 First 5.75 to 1.00 77 Fiscal Year Fiscal Quarter Ratio ----------- -------------- -----1 Second 5.75 to 1 Third 5.75 to 1 75 70

Appears in 1 contract

Samples: Credit Agreement (CSK Auto Corp)

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Debt to EBITDA. (a) At the last day of any fiscal quarter set forth below, commencing with the first fiscal quarter of the 1997 fiscal year of the Company, permit the ratio of Consolidated Funded Indebtedness as of at such day to Consolidated EBITDA for the period of four fiscal quarters ending on such day (the "Leverage Ratio") to be greater than the ratio set forth below for such fiscal quarter; provided provided, that, with respect to any acquisition permitted by subsection 8.78.6(h), the last four fiscal quarters of Consolidated EBITDA (as may be adjusted for post post-acquisition cost savings reasonably agreed to by the Company and the Administrative Agent) of the acquired company shall be added to the Consolidated EBITDA of the Company for the purposes of calculating this ratio: Fiscal Year Fiscal Quarter Ratio ----------- -------------- ----- 1997 1999 Second 4.50 to 1 Third 4.50 to 1 Fourth 4.50 to 1 2000 First 5.75 4.50 to 1.00 Second 5.75 1 2000-2003 Each fiscal quarter 4.00 to 1.00 Third 5.75 to 1.00 Fourth 5.75 to 1.00 1998 First 5.75 to 1.00 77 Fiscal Year Fiscal Quarter Ratio ----------- -------------- -----1 thereafter

Appears in 1 contract

Samples: Credit Agreement (CSK Auto Corp)

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