Common use of EBITDA Ratio Clause in Contracts

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 1.25:1.00, measured semi-annually on a year-to-date basis at December 31 and June 30 of each year.

Appears in 2 contracts

Samples: Modification Agreement (Avatech Solutions Inc), Modification Agreement (Avatech Solutions Inc)

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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 1.25:1.001.00:1.00, measured semi-annually on a year-to-date basis at December 31 and June 30 of each yearyear commencing as of December 31, 2005.

Appears in 2 contracts

Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Avatech Solutions Inc)

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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 1.25:1.00, measured semi-annually quarterly on a yeartrailing rolling four-to-date basis at December 31 and June 30 of each yearquarter basis.

Appears in 1 contract

Samples: Modification Agreement (Avatech Solutions Inc)

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