Common use of Debt to EBITDARS Clause in Contracts

Debt to EBITDARS. Maintain at all times a Debt to EBITDARS Ratio, on a consolidated basis, no greater than the following ratios for the following periods, reported at the end of each Fiscal Quarter: 6/28/2013 through and including 12/27/2013 < 3.25 to 1.00 12/28/2013 through and including 3/28/2014 < 3.00 to 1.00 3/29/2014 and thereafter < 2.75 to 1.00”

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

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Debt to EBITDARS. Maintain at all times a Debt to EBITDARS Ratio, on a consolidated basis, no greater than the following ratios for the following periods, reported at the end of each Fiscal Quarter: 6/28/2013 through and including 12/27/2013 < 3.25 3.50 to 1.00 12/28/2013 through and including 3/28/2014 < 3.00 to 1.00 3/29/2014 and thereafter < 2.75 to 1.00”

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

Debt to EBITDARS. Maintain at all times a Debt to EBITDARS Ratio, on a consolidated basis, no greater than the following ratios for the following periods, reported at the end of each Fiscal Quarter: 6/28/2013 through and including 12/27/2013 < 3.25 to 1.00 12/28/2013 through and including 3/28/2014 < 3.00 to 1.00 3/29/2014 329/2014 and thereafter < 2.75 to 1.00”

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

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Debt to EBITDARS. Maintain Commencing with the Fiscal Quarter ending December 31, 2014, maintain at all times a Debt to EBITDARS Ratio, on a consolidated basis, no greater than the following ratios for the following periods, reported at the end of each Fiscal Quarter: 6/28/2013 12/26/2014 through and including 12/27/2013 3/26/2015 < 4.50 to 1.00 3/27/2015 through and including 6/25/2015 < 3.50 to 1.00 6/26/2015 through and including 9/29/15 < 3.25 to 1.00 12/28/2013 through and including 3/28/2014 < 3.00 to 1.00 3/29/2014 9/30/15 and thereafter < 2.75 to 1.00”

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

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