EBITDA to Debt Service. The ratio of EBITDA to Debt Service shall not be less than 1.80:1.
EBITDA to Debt Service. Borrower shall maintain a ratio of EBITDA to Debt Service, calculated for the previous twelve (12) month period, of not less than 1.40:1.00, with such ratio to be tested on a rolling four (4) quarter basis beginning with the Fiscal Quarter ending September 30, 2008.
EBITDA to Debt Service. The Borrower shall at all times maintain a ratio of EBITDA to Debt Service of at least 2:1. This ratio shall be calculated in each of Borrower's fiscal years throughout the term of the Loan as follows: at the end of the first fiscal quarter, using the results of that fiscal quarter; at the end of the second fiscal quarter, using the results of the first two fiscal quarters; at the end of the third fiscal quarter, using the results of the first three fiscal quarters; and at each fiscal year end, using the results of such fiscal year.
EBITDA to Debt Service. Minimum Ratio of EBITDA Calendar Quarter Ending to Debt Service ------------------------------------------------- ---------------------------------------- ------------------------------------------------- ---------------------------------------- September 30, 2002 [*] ------------------------------------------------- ---------------------------------------- ------------------------------------------------- ----------------------------------------
EBITDA to Debt Service. The Borrower will maintain, in the manner described below, a ratio of EBITDA to Debt Service of not less than 1.25 to 1.0, tested monthly, and calculated in the following manner:
(i) EBITDA for the month of June, 2000 shall be compared to Debt Service for the month of June, 2000.
(ii) EBITDA for the months of June and July, 2000 shall be added together and divided by two (2) and compared to Debt Service for the month of July, 2000.
(iii) EBITDA for the months of June, July and August, 2000 shall be combined and divided by three (3) and compared to Debt Service for the month of August, 2000.
(iv) Beginning with August, 2000 and thereafter, EBITDA for the preceding three months shall be added together and divided by three (3) and compared to Debt Service for the most recent month for which the ratio is to be calculated. In the event Borrower fails to comply with any requirements of this Section 10.12, such non-compliance shall not constitute an Event of Default hereunder, if, within ten (10) days after being notified by the Bank of such non-compliance, SJMB makes a capital contribution or loans Subordinated Indebtedness to Borrower that in each case is in an amount which, if added to EBITDA for the period in question, would be sufficient to cure such non-compliance.
EBITDA to Debt Service. Required Actual ---------- -------- Not less than 1.25 to 1.00 _____ to 1.00
EBITDA to Debt Service. For the period commencing on the date of this Agreement and ending on December 31, 1998, Borrower will maintain a ratio of EBITDA plus cash and Cash Equivalents in excess of Three Million Five Hundred Thousand Dollars ($3,500,000) to Debt Service of not less that 1.
EBITDA to Debt Service. The Guarantor shall procure that at any time:
EBITDA to Debt Service. 28 9.4 Unhedged Floating Rate Debt............................ 29 10 ASSIGNMENTS.................................................. 29 10.1 Lender's Right to Assign............................... 29 10.2 Prohibition of Assignments by Borrower................. 31 10.3 Restrictions on Transfers of Interest.................. 31 10.4 Prohibition of Transfers in Violation of ERISA......... 31 10.5 Successors and Assigns................................. 31
EBITDA to Debt Service. The ratio of EBITDA to Debt Service shall not at any time be less than 1.75 to 1 for the most recent four fiscal quarter period. UNHEDGED FLOATING RATE DEBT ---------------------------
