Common use of Funded Debt to EBITDA Ratio Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Orion Energy Systems, Inc.), Credit Agreement (Orion Energy Systems, Inc.)

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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 March 31, 20132015.

Appears in 2 contracts

Samples: Credit Agreement (Orion Energy Systems, Inc.), Credit Agreement (Orion Energy Systems, Inc.)

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 quarterFiscal Quarter to be greater than (i) 3.75:1.00 for the Fiscal Quarter ending June 30, commencing with 2006, (ii) 3.50:1.00 for the fiscal quarter Fiscal Quarter ending December 31September 30, 20132006, or (iii) 3.00:1.00 for any Fiscal Quarter ending thereafter.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Swisher Hygiene Inc.)

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, 2013Fiscal Quarter to be greater than 3.00:1:00.

Appears in 2 contracts

Samples: Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Swisher Hygiene Inc.)

Funded Debt to EBITDA Ratio. Permit the The Borrower and its Subsidiaries will maintain at all times, on a consolidated basis, a Funded Debt to EBITDA Ratio to be of not greater than 2.50:1.00 (a) 3.25 to 1.00 from the effective date through and including December 31, 2002, (b) 3.00 to 1.00 from January 1, 2003 through and including December 31, 2003, and (c) 2.75 to 1.00 at all times thereafter. The Funded Debt to EBITDA Ratio shall be calculated and tested quarterly as of the last day of any fiscal quarter, commencing with each Fiscal Quarter for the fiscal quarter Calculation Period ending December 31, 2013on the last day of such Fiscal Quarter.

Appears in 1 contract

Samples: Loan Agreement (T-3 Energy Services Inc)

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Funded Debt to EBITDA Ratio. Permit the The Borrower and its Subsidiaries will maintain at all times, on a consolidated basis, a Funded Debt to EBITDA Ratio to be of not greater than 2.50:1.00 (a) 2.50 to 1.00 from the effective date through and including December 31, 2002, (b) 2.25 to 1.00 from January 1, 2003 through and including December 31, 2003, and (c) 2.00 to 1.00 at all times thereafter. The Funded Debt to EBITDA Ratio shall be calculated and tested quarterly as of the last day of any fiscal quarter, commencing with each Fiscal Quarter for the fiscal quarter Calculation Period ending December 31, 2013on the last day of such Fiscal Quarter.

Appears in 1 contract

Samples: Credit Agreement (T-3 Energy Services Inc)

Funded Debt to EBITDA Ratio. Permit the The Borrower and its Subsidiaries will maintain at all times, on a consolidated basis, a Funded Debt to EBITDA Ratio to be of not greater than 2.50:1.00 (a) 3.00 to 1.00 from January 1, 2003 through and including June 30, 2003, (b) 2.75 to 1.00 from July 1, 2003 through and including December 31, 2003, and (c) 2.50 to 1.00 at all times thereafter. The Funded Debt to EBITDA Ratio shall be calculated and tested quarterly as of the last day of any fiscal quarter, commencing with each Fiscal Quarter for the fiscal quarter Calculation Period ending December 31, 2013on the last day of such Fiscal Quarter.

Appears in 1 contract

Samples: Credit Agreement (T-3 Energy Services Inc)

Funded Debt to EBITDA Ratio. Permit the Funded Debt to EBITDA Ratio (i) as of the last day of the Fiscal Quarter ending December 31, 2008, to be greater than 2.50:1.00 3.25 to 1.0 and (ii) as of the last day of any fiscal quarterFiscal Quarter thereafter, commencing with the fiscal quarter ending December 31, 2013to be greater than 3.00 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Swisher Hygiene Inc.)

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