Common use of Funded Debt to Adjusted EBITDA Ratio Clause in Contracts

Funded Debt to Adjusted EBITDA Ratio. Not permit the Funded Debt to Adjusted EBITDA Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION FUNDED DEBT TO PERIOD ENDING: ADJUSTED EBITDA RATIO -------------- --------------------- Effective Date through 12/31/00 4.50 to 1.0 1/01/01 through 12/31/01 4.25 to 1.0 1/01/02 through 12/31/02 4.00 to 1.0 1/01/03 through 12/31/03 3.75 to 1.0 1/01/04 and thereafter 3.50 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Synagro Technologies Inc)

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Funded Debt to Adjusted EBITDA Ratio. Not permit the Funded Debt to Adjusted EBITDA Ratio as of the last day date of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION FUNDED DEBT TO PERIOD ENDINGComputation Funded Debt to Period Ending: ADJUSTED EBITDA RATIO -------------- Adjusted Ebitda Ratio: ------------- --------------------- Effective Date through 12/31/00 4.50 June 30, 2001 6.00 to 1.0 1/01/01 September 30, 2001 through 12/31/01 4.25 December 31, 2001 3.50 to 1.0 1/01/02 through 12/31/02 4.00 to 1.0 1/01/03 through 12/31/03 3.75 to 1.0 1/01/04 March 31, 2002 and thereafter 3.50 3.25 to 1.0."

Appears in 1 contract

Samples: Credit Agreement (U S Plastic Lumber Corp)

Funded Debt to Adjusted EBITDA Ratio. Not permit the Funded ------------------------------------ Debt to Adjusted EBITDA Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION FUNDED DEBT TO PERIOD ENDINGComputation Funded Debt to Period Ending: ADJUSTED Adjusted EBITDA RATIO -------------- Ratio ------------- --------------------- Effective Closing Date through 12/31/00 4.50 5.18 to 1.0 1/01/01 through 12/31/01 4.25 4.89 to 1.0 1/01/02 through 12/31/02 4.00 4.60 to 1.0 1/01/03 through 12/31/03 3.75 4.31 to 1.0 1/01/04 and thereafter 3.50 4.03 to 1.0.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (GTCR Golder Rauner LLC)

Funded Debt to Adjusted EBITDA Ratio. Not permit the Funded Debt to Adjusted EBITDA Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION FUNDED DEBT TO PERIOD ENDING: ADJUSTED EBITDA RATIO -------------- --------------------- Effective Date through 12/31/00 4.50 to 1.0 1/01/01 through 12/31/01 4.25 to 1.0 1/01/02 through 12/31/02 4.00 to 1.0 1/01/03 through 12/31/03 December 31, 2000 3.75 to 1.0 1/01/04 January 1, 2001 through December 31, 2001 3.50 to 1.0 January 1, 2002 and thereafter 3.50 3.25 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (U S Plastic Lumber Corp)

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Funded Debt to Adjusted EBITDA Ratio. Not permit the Funded Debt to Adjusted EBITDA Ratio as of the last day date of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION FUNDED DEBT TO PERIOD ENDINGComputation Funded Debt to Period Ending: ADJUSTED Adjusted EBITDA RATIO Ratio: -------------- --------------------- Effective Date through 12/31/00 4.50 to 1.0 1/01/01 through 12/31/01 4.25 to 1.0 1/01/02 through 12/31/02 4.00 to 1.0 1/01/03 through 12/31/03 ---------------------- June 30, 2001 3.75 to 1.0 1/01/04 September 30, 2001 through December 31, 2001 3.50 to 1.0 March 31, 2002 and thereafter 3.50 3.25 to 1.0."

Appears in 1 contract

Samples: Credit Agreement (U S Plastic Lumber Corp)

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