Funded Debt to Consolidated EBITDA. Maintain as of the last day of each fiscal quarter, a maximum ratio of Funded Debt to Consolidated EBITDA, calculated for the fiscal quarter then ended and the immediately preceding three fiscal quarters, of less than or equal to 3.0 to 1.0.
Funded Debt to Consolidated EBITDA. As of the end of each fiscal quarter set forth below, there shall be maintained an Ave. Funded Debt to Consolidated EBITDA Ratio of not greater than the ratio specified below: Fiscal Quarter Ending Ratio --------------------- ----- May 3, 1997 and each fiscal quarter ending 6.00 : 1.00 thereafter until but including the fiscal quarter ending November 1, 1997 January 31, 1998 and each fiscal quarter ending 5.25 : 1.00 thereafter until but including the fiscal quarter ending October 31, 1998 January 30, 1999 and each fiscal quarter ending 4.75 : 1.00 thereafter until but including the fiscal quarter ending October 30, 1999 January 29, 2000 and each fiscal quarter ending 4.50 : 1.00 thereafter until but including the fiscal quarter ending October 28, 2000 January 27, 2001 and each fiscal quarter ending 4.25 : 1.00 thereafter until but including the fiscal quarter ending October 27, 2001 February 2, 2002 and thereafter 4.00 : 1.00
Funded Debt to Consolidated EBITDA. Maintain as of the last day of each Fiscal Quarter set forth below, a maximum ratio of Funded Debt to Consolidated EBITDA, calculated for the immediately preceding four Fiscal Quarters, of less than or equal to the ratio set forth opposite such Fiscal Quarter: Ratio of Funded Debt to Consolidated Fiscal Quarter EBITDA -------------- --------------- Third Fiscal Quarter 2003 through Fourth Fiscal < or = 4.50:1.0 Quarter 2003 First Fiscal Quarter 2004 < or = 5.75:1.0 Second Fiscal Quarter 2004 through Third Fiscal < or = 6.25:1.0 Quarter 2004 Fourth Fiscal Quarter 2004 < or = 5.90:1.0 First Fiscal Quarter 2005 < or = 5.50:1.0 Second Fiscal Quarter 2005 > or = 5.00:1.0 Third Fiscal Quarter 2005 through Fourth Fiscal < or = 4.00:1.0 Quarter 2005 First Fiscal Quarter 2006 through Second Fiscal < or = 3.75:1.0 Quarter 2006 Third Fiscal Quarter 2006 through Fourth Fiscal < or = 3.50:1.0 Quarter 2006 First Fiscal Quarter 2007 through Second Fiscal < or = 3.25:1.0 Quarter 2007 Third Fiscal Quarter 2007 and each Fiscal Quarter < or = 3.00:1.0". thereafter
Funded Debt to Consolidated EBITDA. Maintain as of the last day of each Fiscal Quarter set forth below, a maximum ratio of Funded Debt to Consolidated EBITDA, calculated for the immediately preceding four Fiscal Quarters, of less than or equal to the ratio set forth opposite such Fiscal Quarter: Ratio of Funded Debt Fiscal Quarter to Consolidated EBITDA -------------- ---------------------- 2nd Fiscal Quarter 2001 through 4th Fiscal Quarter 2001 >= 4.50:1.0 1st Fiscal Quarter 2002 through 2nd Fiscal Quarter 2002 >= 4.25:1.0 3rd Fiscal Quarter 2002 and each Fiscal Quarter thereafter >= 4.00:1.0 ; provided that following the closing of the first Permitted Receivables Purchase Facility, the numerator such maximum ratio shall be decreased by 0.50.
Funded Debt to Consolidated EBITDA. The Administrative Agent ---------------------------------- shall be satisfied that the ratio of (i) the total amount of Funded Debt of the Borrower and its Subsidiaries (other than the Company Interim Credit Facility and the Company Zeros) outstanding on the Closing Date to (ii) the amount of pro forma Consolidated EBITDA of the Borrower and its --- ----- Subsidiaries for the latest twelve month period ended prior to the Closing Date for which relevant financial information is available shall not be greater than 5.80 to 1.0, and the Borrower shall provide support for such calculation which is reasonably satisfactory to the Administrative Agent (giving consideration, among other factors, to the requirements of Regulation S-X of the Securities Act).
Funded Debt to Consolidated EBITDA. The Borrowers will not allow ---------------------------------- the ratio of Funded Debt to Consolidated EBITDA measured quarterly, for any Test Period to be greater than 2.75:1.00. The Borrowers will not allow their ratio of Funded Debt plus Earn Out amounts payable to Consolidated EBITDA for any Test Period to be greater than 3.75:1.00 at June 30, 1998 and at September 30, 1998 or greater than 3.50:1.0 at the end of each quarter thereafter. Without limitation, for purposes of this Section 6.2(A) Consolidated EBITDA shall include EBITDA of any Permitted Acquisition completed during the Test Period based on audited financial statements for such Permitted Acquisition.
Funded Debt to Consolidated EBITDA. Maintain as of the last day of each fiscal quarter, a maximum ratio of Funded Debt to Consolidated EBITDA, calculated for the fiscal quarter then ended and the immediately preceding three fiscal quarters, of less than or equal to 3.0 to 1.0.
1.4 Section 5.2(a)(xi) (Liens) of the Master Agreement is hereby amended by deleting the phrase "fifteen percent (15%)" where it appears therein, and substituting therefor the phrase "ten percent (10%)".
1.5 Section 5.2(c) (Mergers, Consolidations) of the Master Agreement is hereby amended by replacing such Section in its entirety with the following:
Funded Debt to Consolidated EBITDA. The Parent Company shall not at any time permit the ratio of its Funded Debt to its Consolidated EBITDA for the four fiscal quarter years then most recently ended to exceed 1.50 to 1.00.
Funded Debt to Consolidated EBITDA. Section 6.1(c) is amended and restated in its entirety to read as follows: As of the last day of each fiscal quarter, the ratio of Funded Debt to annualized Consolidated EBITDA shall not be more than 2.5 to 1.00. Consolidated EBITDA shall be annualized by multiplying Consolidated EBITDA for the fiscal quarter being tested by four. For purposes of this provision only, Stock Payments which are paid as annual compensation dividends pursuant to Section 6.6 hereof with respect to periods before the S Corporation Termination Date shall be included as operating expenses in the calculation of Consolidated EBITDA, but tax bonuses paid to shareholders in lieu of S corporation tax distributions with respect to periods before the S Corporation Termination Agreement and the Final S Corp. Distribution shall not be included as operating expenses of Consolidated EBITDA. In addition, for purposes of this provision only, Consolidated EBITDA shall include the pre-acquisition EBITDA, for the immediately preceding 12 month period, of any company acquired by any Borrower.
Funded Debt to Consolidated EBITDA. The Administrative Agent ---------------------------------- shall be satisfied that the ratio of (i) the total amount of Funded Debt of the Borrower and its Subsidiaries (other than the Interim Credit Facility) outstanding on the Closing Date to (ii) the amount of pro forma --------- Consolidated EBITDA of the Borrower and its Subsidiaries for the latest twelve month period ended prior to the Closing Date for which relevant financial information is available shall not be greater than 5.80 to 1.0, and the Borrower shall provide support for such calculation which is reasonably satisfactory to the Administrative Agent (giving consideration, among other factors, to the requirements of Regulation S-X of the Securities Act). Default except as specified in such certificate and (ii) in the case of quarterly or annual financial statements, (x) a Compliance Certificate containing all information necessary for determining compliance by the Company and its Subsidiaries with the provisions of this Agreement referred to therein as of the last day of the fiscal quarter or fiscal year of the Borrower, as the case may be, and (y) to the extent not previously disclosed to the Administrative Agent, a listing of any county or state within the United States where any Loan Party keeps inventory or equipment and of any Intellectual Property acquired by any Loan Party since the date of the most recent list delivered pursuant to this clause (y) (or, in the case of the first such list so delivered, since the Closing Date);
