EBITDA Ratio. Maintain, as of the end of each calendar quarter, an EBITDA Ratio of not less than 1.5 to 1.0.
EBITDA Ratio. Section 6.4(a) of the Loan Agreement is amended and restated as follows:
EBITDA Ratio. Ratio of EBITDA to the preceding twelve months interest expense plus the projected maturities of long-term debt for the next succeeding twelve months on a rolling basis, of not less than 1.25:1.00, to be measured annually. Debt/Tangible Net Worth. Maximum of 4.00:1.00, to be measured annually. Limitation on Loans and Advances to Owners. Not to exceed $500,000 per calendar year.
EBITDA Ratio. The BORROWERS, on a consolidated basis, shall maintain a ratio of (a) EBITDA to (b) INTEREST EXPENSE plus the total amount of cash payments of principal on account of LONG TERM DEBT, of greater than 1.00:1.00, measured semi-annually on a year-to-date basis at December 31 and June 30 of each year commencing as of December 31, 2005.
EBITDA Ratio. Maintain, as of the end of each fiscal year, an EBITDA Ratio of not less than 1.25 to 1.0.
EBITDA Ratio. Osteotech, Inc. is not to cause or permit any of the following:
(a) For the first quarter of 2002, the earnings before interest, taxes, depreciation and amortization of Osteotech, Inc. and its Subsidiaries ("EBITDA") to be less than $1,100,000.00 (the fee payable pursuant to Section 6.15(b), attorneys' fees payable by the Borrower hereunder, appraisal fees, collateral review exam fees, counsel fees payable by the Borrower to implement the pledge of stock set forth in Article 4(c) and related expenses ("Excluded Expenses")) are not to be included in this determination);
(b) For the second quarter of 2002, EBITDA to be less than $1,920,000.00 (Excluded Expenses are not to be included in this determination);
(c) For the third quarter of 2002, the ratio of EBITDA less capital expenditures, less cash taxes (multiplied by 4) to the current maturities of long term debt plus interest expense, to be less than 1:1 (Excluded Expenses are not to be included in this determination);
(d) For the fourth quarter of 2002, a minimum EBITDA of $1,570,000.00 (Excluded Expenses are not to be included in this determination);
(e) For the first quarter of 2003, the ratio of EBITDA for such quarter less capital expenditures, less cash taxes (all multiplied by 4) to the current maturities of long term debt plus (first quarter interest expense multiplied by 4), to be less than 1:1 (Excluded Expenses are not to be included in this determination);
(f) For the second quarter of 2003, the ratio of EBITDA for the first and second quarters of 2003 less capital expenditures, less cash taxes (all divided by 2 and then multiplied by 4) to the current maturities of long term debt plus (interest expense for the first and second quarters divided by 2 and then multiplied by 4), to be less than 1:1 (Excluded Expenses are not to be included in this determination);
(g) For the third quarter of 2003, the ratio of EBITDA for the first, second and third quarters of 2003 less capital expenditures, less cash taxes (all divided by 3 and then multiplied by 4) to the current maturities of long term debt plus (interest expense for the first, second and third quarters divided by 3 and then multiplied by 4), to be less than 1.25:1 (Excluded Expenses are not to be included in this determination);
(h) For the fourth quarter of 2003, the ratio of EBITDA for the first, second, third and fourth quarters of 2003 less capital expenditures, less cash taxes to the current maturities of long term debt plus interest expe...
EBITDA Ratio. As of the end of each fiscal quarter, an EBITDA Ratio of not less than (i) 0.40 to 1.0 for the fiscal quarter ending March 31, 2016 and (ii) 1.70 to 1 for each fiscal quarter thereafter.
EBITDA Ratio. The Company will not permit the EBITDA Ratio to exceed 4.00 to 1."
EBITDA Ratio. FRP shall not permit its EBITDA Ratio to be less than 1.25 to 1.00 at the end of any fiscal quarter.
EBITDA Ratio. Borrower will maintain, at all times as measured at the end of each fiscal quarter of Borrower, an EBITDA Ratio not greater than 3.50 to 1.00.