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 and the funding of the Second Lien Term Loan, 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 the Second Lien Term Loan, 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 and the funding of the Second Lien Term Loan, 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 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 $39,000,000; (ii) the Effective Leverage Ratio as of January 31, 2011 (as calculated pursuant to Exhibit 4.2(b)) shall be not greater than 4.80:1.00.
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EBITDA and Leverage. The Borrower shall have delivered evidence to the satisfaction of Agent demonstrating that: (i) EBITDA of the Defined Financial Group for the twelve month period ended December 31, 2014 shall not be less than [$_________] 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;
Sample 1
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Related to EBITDA and Leverage

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • 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 Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • EBITDA The term “EBITDA” shall mean, with respect to any fiscal period, “Consolidated EBITDA” as defined in the Credit Agreement, provided that the following should also be excluded from the calculation of EBITDA to the extent not already excluded from the calculation of Consolidated EBITDA under the Credit Agreement: (i) Non-Cash Charges (as defined in the Credit Agreement) related to any issuances of equity securities; (ii) fees and expenses relating to the Acquisition; (iii) financing fees (both cash and non-cash) relating to the Acquisition; (iv) covenant-not-to-compete payments to certain members of the Company’s senior management and related expenses; (v) expenses (or any portion thereof) incurred outside of the ordinary course of business that are approved by the Board which the Board determines in its good faith discretion are in the best interest of the Company but which will have a disproportionately adverse impact on the Company’s short term financial performance, affecting the Company’s ability to achieve financial targets related to the vesting of the Class C Units under the Incentive Unit Subscription Agreements or the Company’s annual bonus plan; (vi) costs and expenses incurred in connection with evaluating and consummating acquisitions not contemplated by the Company’s annual plan, as such plan is approved by the Board in good faith; (vii) related party expenditures that are subject to the prior written consent of the Majority Executives pursuant to Section 2.3(a) of the Securityholders Agreement but have failed to receive such consent; (viii) advisors’ fees and expenses incurred outside the ordinary course of business related solely to Vestar’s activities that are unrelated to the Company; (ix) costs associated with any put option or call option contemplated by any Rollover Subscription Agreement or Incentive Unit Subscription Agreement; (x) costs associated with any proposed initial Public Offering or Sale of the Company (as such terms are defined in the Securityholders Agreement); (xi) expenses related to any litigation arising from the Acquisition; (x) management fees and costs related to the activities giving rise to such fees that are paid to, paid for or reimbursed to Vestar and its Affiliates; and (xii) material expenditures or incremental expenditures inconsistent with prior practice (to the extent that prior practice is relevant) required by Board (where Management Managers (as defined in the Securityholders Agreement) unanimously dissent) unless such expenditures are reasonably likely to result in any benefit (whether economic or non-economic) to the Company as determined by the Board in its good faith discretion.

  • Consolidated Senior Leverage Ratio As of the end of each fiscal quarter of the members of the Consolidated Group, the Consolidated Senior Leverage Ratio shall not be greater than the ratio set forth below: Fiscal Quarter End Ratio ------------------ ----- December 31, 2000 3.00:1.0 March 31, 2001 3.10:1.0 June 30, 2001 3.10:1.0 September 30, 2001 2.75:1.0 December 31, 2001 and thereafter 2.50:1.0 1.6 Clause (c) of Section 7.9 of the Credit Agreement is amended to read as follows:

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

  • Maximum Total Leverage Ratio The Borrower shall maintain, on the last day of each fiscal quarter set forth below, a Total Leverage Ratio of not more than the maximum ratio set forth below opposite such fiscal quarter: October 31, 2007, January 31, 2008, April 30, 2008, July 31, 2008, October 31, 2008 and January 31, 2009 4.7 to 1 April 30, 2009, July 31, 2009, October 31, 2009 and January 31, 2010 4.2 to 1 April 30, 2010 and each fiscal quarter thereafter 4.0 to 1

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

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