Funded Debt to EBITDA. Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Funded Debt to EBITDA. Maintain, tested on the last day of each fiscal quarter, a ratio of (i) Funded Debt of Borrower as of the last day of such fiscal quarter to (ii) EBITDA for the four (4) consecutive fiscal quarters of Borrower then ended, not greater than 3.25 to 1.
Funded Debt to EBITDA. The Borrower will not, as at the end of any four consecutive fiscal quarters of the Borrower, permit the ratio of (a) Consolidated Funded Debt as at such quarter end to (b) EBITDA for such four consecutive fiscal quarters then ended to be greater than 3.25:1.00.
Funded Debt to EBITDA. Guarantors will not allow their ratio of (i) Consolidated Funded Debt to (ii) Consolidated EBITDA to be greater than (A) 2.75 to 1.0 as of the end of any fiscal quarter from December 31, 2001 to March 31, 2003, and (B) 2.5 to 1.0 as of the end of any fiscal quarter.
Funded Debt to EBITDA. The Borrower will not permit the ratio of Funded Debt to EBITDA of the Borrower as of the end of any fiscal quarter of the Borrower (on a consolidated basis calculated quarterly based upon the four most recently completed quarters) to be more than 3.50 to 1.00. For the purposes of calculating the ratio of Borrower’s Funded Debt to EBITDA, (i) the EBITDA and Funded Debt attributable to the Unrestricted Entities (except for cash distributions from Anthem Securities, Inc. paid to Borrower or Guarantors) shall be excluded, and (ii) Funded Debt shall not include: (a) “asset retirement obligations,” as such term is used in FASB Statement 143, to the extent such asset retirement obligations relate to the plugging and abandonment of xxxxx; or (b) liabilities under Hedging Agreements.
Funded Debt to EBITDA. A ratio not exceeding 2.0:1.0.
Funded Debt to EBITDA. Permit the ratio of Funded Debt to EBITDA, at the close of any fiscal quarter, beginning with the March 31, 2001 Financial Statements, for the previous four quarters to be more than the Permitted Ratio (herein defined). This ratio shall be
Funded Debt to EBITDA. Borrower shall not permit the ratio of Funded Debt to EBITDA for the prior twelve-month period to be greater than 4.00:1:00 as of the end of any fiscal quarter of Borrower, commencing with the fiscal quarter ending June 30, 2014.
Funded Debt to EBITDA. The Borrower and Corporate Guarantors on a combined basis shall not permit the ratio of its Funded Indebtedness to EBITDA to be greater than 3.5 to 1.0 for any fiscal year beginning June 30, 2008. Only EBITDA and funded debt of stores open for a period more than three months will be used in covenant.
Funded Debt to EBITDA. The Borrower and each Subsidiary Guarantor, on a consolidated basis, will not at any time permit the ratio of (x) Funded Debt to (y) EBITDA, for the prior twelve (12) month period, to be greater than the following amounts as of the following dates: DATE RATIO March 31, 1997 4.50 to 1.00 June 30, 1997 4.50 to 1.00 September 30, 1997 4.50 to 1.00 December 31, 1997 4.50 to 1.00 March 31, 1998 4.00 to 1.00 June 30, 1998 4.00 to 1.00 September 30, 1998 3.75 to 1.00 December 31, 1998 3.50 to 1.00 March 31, 1999 3.50 to 1.00 June 30, 1999 3.50 to 1.00 September 30, 1999 3.50 to 1.00 December 31, 1999 3.50 to 1.00 March 31, 2000 3.50 to 1.00 June 30, 2000 3.50 to 1.00 September 30, 2000 3.50 to 1.00 December 31, 2000 2.50 to 1.00 March 31, 2001 2.50 to 1.00 June 30, 2001 2.50 to 1.00 September 30, 2001 2.50 to 1.00 December 31, 2001 2.00 to 1.00
