EBITDA to Consolidated Interest Expense. The ratio of EBITDA to Consolidated Interest Expense, for each of the rolling twelve month periods most recently ended, commencing with the twelve month period ended on the earlier of (i) the last day of the month containing the closing date of the Permitted Acquisition and (ii) December 31, 2001, to be less than 2.9 to 1.
EBITDA to Consolidated Interest Expense. The Borrower will not permit the ratio of its EBITDA to Consolidated Interest Expense as of the end of any fiscal quarter of the Borrower (calculated quarterly based upon the four most recently completed quarters) to be less than 3.50 to 1.00.
EBITDA to Consolidated Interest Expense. Borrowers and their Subsidiaries shall not suffer or permit, at any time, on a Consolidated basis, the ratio of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense to be less than the following: --------------------------------------------------------- ---------------------------------------- Closing Date through March 31, 2003 2.50 to 1.00 --------------------------------------------------------- ---------------------------------------- April 1, 2003 through September 30, 2003 2.75 to 1.00 --------------------------------------------------------- ---------------------------------------- October 1, 2003 and thereafter 3.00 to 1.00 --------------------------------------------------------- ---------------------------------------- based upon Borrowers' and their Subsidiaries' financial statements for the most recently completed fiscal quarter and the three (3) previous fiscal quarters (on a rolling four (4) quarter basis).
EBITDA to Consolidated Interest Expense. Borrowers and their Subsidiaries shall not suffer or permit, at any time, on a Consolidated basis, the ratio of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense minus any non-cash amortization of debt issuance costs, to be less than the following: October 1, 2002 through June 30, 2003 1.90 to 1.00 July 1, 2003 through September 30, 2003 2.00 to 1.00 October 1, 2003 through March 31, 2004 2.10 to 1.00 April 1, 2004 and thereafter 2.25 to 1.00 based upon Borrowers' and their Subsidiaries' financial statements for the most recently completed fiscal quarter and the three (3) previous fiscal quarters (on a rolling four (4) quarter basis).
EBITDA to Consolidated Interest Expense. The Borrower will not permit the ratio of (a) EBITDA of the Borrower and its Consolidated Subsidiaries for any four consecutive calendar quarters ending on any of the calendar quarters set forth on SCHEDULE 10.4 to (b) Consolidated Interest Expense of the Borrower and its Consolidated Subsidiaries for such four consecutive calendar quarters, to be less than the ratio set forth opposite such date on such Schedule.
EBITDA to Consolidated Interest Expense maintain a Consolidated EBITDA to Consolidated Interest Expense ratio equal to or greater than 2.00:1.00 as calculated at the end of each fiscal quarter.
EBITDA to Consolidated Interest Expense. The Company will not permit the ratio of (a) its Consolidated EBITDA for the Test Period ending on each date listed below to (b) its Consolidated Interest Expense for the Test Period ending on each date listed below to be less than the ratio set forth below: Test Period Ratio June 30, 2005 1.80:1.00 September 30, 2005 1.80:1.00 December 31, 2005 2.00:1.00 March 31, 2006 2.00:1.00 June 30, 2006 2.00:1.00 September 30, 2006 2.10:1.00 December 31, 2006 2.35:1.00 March 31, 2007 2.50:1.00 June 30, 2007 2.60:1.00 September 30, 2007 2.60:1.00 December 31, 2007 2.65:1.00 March 31, 2008 2.75:1.00 June 30, 2008 3.00:1.00 September 30, 2008 3.25:1.00 December 31, 2008 3.25:1.00 March 31, 2009 3.25:1.00 ”
EBITDA to Consolidated Interest Expense. Not permit the ratio of EBITDA to Consolidated Interest Expense, in each case for the period of four consecutive fiscal quarters ending on any date referred to below to be less than the ratio set forth opposite such date: Quarter End Date Ratio March 31, 2003 0.50x June 30, 2003 0.50x September 30, 2003 0.75x December 31, 2003 0.75x March 31, 2004 1.00x June 30, 2004 1.00x September 30, 2004 1.25x December 31, 2004 1.25x March 31, 2005 1.50x June 30, 2005 1.50x September 30, 2005 1.75x December 31, 2005 1.75x March 31, 2006 2.00x June 30, 2006 2.00x September 30, 2006 2.25x December 31, 2006 2.25x March 31, 2007 and the last day of each 2.50x quarter ended thereafter
EBITDA to Consolidated Interest Expense. The ratio of EBITDA to Consolidated Interest Expense, measured on a calendar quarter-end basis for the twelve month period ending on the last day of each calendar quarter, to be less than (i) commencing with the calendar quarter ending on September 30, 2004 and ending with the calendar quarter ending on March 31, 2005, 2.0 to 1.0. and (ii) commencing with the calendar quarter ending on June 30, 2005 and thereafter, 3.0 to 1.0;"
EBITDA to Consolidated Interest Expense. The Guarantor shall ensure that the ratio of EBITDA to Consolidated Interest Expense for any Relevant Period will not be less than 4 to 1.
