EBITDA and Leverage Sample Clauses

EBITDA and Leverage. Holdings shall have delivered evidence demonstrating that: (i) EBITDA of the Borrowers for the twelve month period ended February 28, 2010 shall be not less than $46,000,000; and (ii) the ratio of (x) total Funded Indebtedness of the Credit Parties as of the Closing Date after giving effect to the consummation of the Related Transactions, payment of all costs and expenses in connection therewith, funding of the initial Loans and issuance of the initial Letters of Credit but net of unrestricted cash of Holdings and its Subsidiaries in an amount not to exceed $5,000,000, to (y) EBITDA of the Borrowers for the twelve (12) month period ending February 28, 2010 shall be not greater than 4.50 to 1.00.
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EBITDA and Leverage. The Borrower shall have delivered a certificate to Agent, in form reasonably satisfactory to Agent, demonstrating that: (i) EBITDA of the Borrower for the twelve (12) consecutive Fiscal Periods ended September 30, 2013 (with such adjustments thereto to be reasonably agreed upon among Agent, the Lenders party hereto and Borrower) shall be not less than $25,600,000; and (ii) the ratio of (x) total Funded Indebtedness of the Credit Parties as of the Closing Date after giving effect to the consummation of the Transactions, payment of all costs and expenses in connection therewith, funding of the initial Loans and Issuance of the initial Letters of Credit and net of cash funded to the balance sheet to consummate the Acquisitions and/or Investments set forth on Schedule 1.1(c) in an amount not to exceed $6,900,000, to (y) EBITDA of the Borrower for the twelve (12) consecutive Fiscal Periods ending September 30, 2013 (with such adjustments thereto to be reasonably agreed upon among Agent, the Lenders party hereto and Borrower) shall be not greater than 6.25; and
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EBITDA and Leverage. Borrower shall have delivered evidence to the satisfaction of Agent and each Lender demonstrating that (i) adjusted EBITDA of Borrower for the twelve month period ended December 31, 2005 shall be not less than $23,000,000, (ii) the ratio of (x) the total Indebtedness of the Borrower as of, and after giving effect to the funding (or deemed funding) of all Loans on the Restatement Effective Date, the consummation of the Related Transactions and the payment of all costs and expenses in connection therewith, to (y) adjusted EBITDA of the Borrower for the twelve month period ended December 31, 2005 shall be not greater than 4.40 to 1.00; and (iii) the ratio of (x) total Indebtedness of the Borrower less Subordinated Indebtedness of the Borrower, in each instance, as of, and after giving effect to the funding (or deemed funding) of all Loans on the Restatement Effective Date, the consummation of the Related Transactions and the payment of all costs and expenses in connection therewith, to (y) adjusted EBITDA of the Borrower for the twelve month period ended December 31, 2005 shall be not greater than 3.25 to 1.00; and
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EBITDA and Leverage. The Borrower shall have delivered evidence to the satisfaction of the Agent demonstrating that: (i) EBITDA of the Borrower for the twelve month period ended May 31, 2006 shall be not less than $38,000,000; (ii) the ratio of (x) total Indebtedness of the Credit Parties as of the Closing Date after giving effect to the consummation of the Related Transactions, payment of all costs and expenses in connection therewith, funding of the initial Loans and issuance of the initial Letters of Credit, to (y) EBITDA of the Borrower for the twelve (12) month period ending May 31, 2006 shall be not greater than 5.50:1.0; and (iii) the ratio of (x) total Indebtedness of the Credit Parties less Second Lien Indebtedness of the Credit Parties, in each instance, as of the Closing Date after giving effect to the consummation of the Related Transactions, payment of all costs and expenses in connection therewith, funding of the initial Loans and issuance of the initial Letters of Credit, to (y) EBITDA of the Borrower for the twelve (12) month period ending May 31, 2006 shall be not greater than 3.75:1.0.
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EBITDA and Leverage. The Administrative Agent shall have received a properly completed Compliance Certificate, in form and substance reasonably acceptable to the Administrative Agent, demonstrating that the ratio of (x) Consolidated Total Debt of the Loan Parties as of the First Amendment Effective Date after giving effect to the consummation of the transactions contemplated hereby (including, without limitation, the making of the First Amendment Effective Date Dividend), payment of all costs and expenses in connection therewith, funding of the initial Loans, to (y) Consolidated EBITDA of Mapco Express and its consolidated Subsidiaries for the trailing twelve month period ended November 30, 2010 shall be not greater than 3.10 to 1.00.
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EBITDA and Leverage. The Borrower shall have delivered evidence to the satisfaction of Agent demonstrating that: (i) EBITDA of the Defined Financial Group for the twelve month period ended December 31, 2014 shall not be less than [$_________] and (ii) the ratio of (x) total Funded Indebtedness of the Defined Financial Group as of the Closing Date after giving effect to the payment of all costs and expenses in connection therewith, funding of the initial Loans and Issuance of the initial Letters of Credit, to (y) EBITDA of the Defined Financial Group for the twelve (12) month period ending December 31, 2014 shall not exceed [1.55] to 1.00, assuming average working capital levels;
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EBITDA and Leverage. The Borrower shall have delivered evidence to the satisfaction of Agent demonstrating that: (i) EBITDA of the Borrower and its Subsidiaries for the thirteen Fiscal Periods period ended January 31, 2011 (as calculated per Exhibit B of Exhibit 4.2(b)) shall be not less than $39,000,000; (ii) the Effective Leverage Ratio as of January 31, 2011 (as calculated pursuant to Exhibit 4.2(b)) shall be not greater than 4.80:1.00.
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Related to EBITDA and Leverage

  • Total Net Leverage Ratio The Borrower will not permit the Total Net Leverage Ratio as of the end of any Fiscal Quarter to exceed 3.50 to 1.00.

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Maximum Senior Leverage Ratio Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of not more than the following:

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

  • Leverage The Fund has no liability for borrowed money or under any reverse repurchase agreement.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: Fiscal Quarter Ending Ratio on or prior to December 31, 2008 6.50 to 1.0 thereafter but on or prior to December 31, 2010 6.00 to 1.0 after December 31, 2010 5.50 to 1.0

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

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