Funded Debt to EBITDA Ratio. To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 2.0:1.0.
Funded Debt to EBITDA Ratio. A. Funded Debt
Funded Debt to EBITDA Ratio. Maintain quarterly, measured as of the last day of each fiscal quarter, on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 3.50:1.00. This ratio will be calculated at the end of each reporting period for which this Agreement requires Borrower to deliver financial statements, using the results of the twelve month period ending with that reporting period.
Funded Debt to EBITDA Ratio. Not permit the Funded Debt to EBITDA Ratio as of the last day of any Computation Period to exceed 2.50:1.0.
Funded Debt to EBITDA Ratio. The Borrower and Guarantors will maintain at all times on a consolidated basis, a Funded Debt to EBITDA Ratio, of not greater than 3.00 to 1.00, to be tested at the end of each fiscal quarter.
Funded Debt to EBITDA Ratio. Permit the Funded Debt to EBITDA Ratio to be greater than 2.50:1.00 as of the last day of any fiscal quarter, commencing with the fiscal quarter ending December 31, 2013.
Funded Debt to EBITDA Ratio. Commencing with the fiscal quarter ending December 31, 2016, and continuing on the last day of each succeeding fiscal quarter thereafter, the Borrowers shall not permit the ratio of Funded Debt on such date to EBITDA for the four (4) fiscal quarters then ended to exceed 3.50 to 1.00.
Funded Debt to EBITDA Ratio. Section 10.1 of the Credit Agreement is amended in its entirety to read as follows:
Funded Debt to EBITDA Ratio. Cause to be maintained a Funded Debt to EBITDA Ratio for Radnor on a Consolidated Basis to be calculated at the end of each fiscal quarter, based on a single quarter for the quarter ended September 30, 2003, based on two quarters for the quarter ended December 31, 2003, based on three quarters for the quarter ended March 31, 2004 and thereafter based on the most recent four fiscal quarters then ended (using an annualized calculation of EBITDA for quarters ending on or before June 30, 2004) not greater than the amounts set forth below for the periods set forth below: Funded Debt to Period EBITDA Ratio ------ ------------ September 30, 2003 6.75 to 1; December 31, 2003 5.20 to 1; March 31, 2004 5.20 to 1; June 30, 2004 5.10 to 1; September 30, 2004 and December 31, 2004 4.50 to 1; March 31, 2005 and each quarter through September 30, 2005 4.25 to 1; and December 31, 2005 and each quarter thereafter 3.75 to 1.
Funded Debt to EBITDA Ratio. (Section 9.6.4)
