Common use of Funded Debt to EBITDA Ratio Clause in Contracts

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.

Appears in 3 contracts

Samples: Loan Agreement (Manchester Equipment Co Inc), Loan Agreement (Manchester Equipment Co Inc), Loan Agreement (Manchester Technologies Inc)

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Funded Debt to EBITDA Ratio. The Borrower and Guarantors Borrowers will maintain at all times maintain, on a consolidated basisbasis and tested as of the last day of each of the Borrowers’ fiscal quarters, a ratio of Funded Debt Debt, determined on the test date, to EBITDA RatioEBITDA, determined for the four (4) quarter period ending on the test date, of not greater more than 3.00 3.0 to 1.00, to be tested at the end of each fiscal quarter1.0.

Appears in 2 contracts

Samples: Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp)

Funded Debt to EBITDA Ratio. The Borrower and Guarantors its Subsidiaries will maintain at all times prior to the Subordinated Debt Incurrence Date, on a consolidated basis, a Funded Debt to EBITDA Ratio, Ratio of not greater than 3.00 1.65 to 1.00, . The Funded Debt to EBITDA Ratio shall be calculated and tested at quarterly as of the end last day of each fiscal quarterFiscal Quarter for the Calculation Period ending on the last day of such Fiscal Quarter.

Appears in 1 contract

Samples: Security Agreement (Veritas DGC Inc)

Funded Debt to EBITDA Ratio. The Borrower will maintain, tested as of the end of each fiscal quarter for the quarter then ending and Guarantors will maintain at all times on a consolidated basisthe three (3) immediately preceding quarters, a Funded Debt to EBITDA Ratio, of Ratio equal to not greater less than 3.00 2.0 to 1.00, to be tested at the end of each fiscal quarter1.0.

Appears in 1 contract

Samples: Reimbursement Agreement (American Woodmark Corp)

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 quarterquarter (excluding (i) charges not exceeding $2,500,000.00 relating to Xxxxxxx incurred during the quarterly period ended July 31, 2003, and (ii) that certain $8,200,000.00 Capital Lease(s) dated March 14, 2003 between the Borrower and GE Capital)."

Appears in 1 contract

Samples: Loan Agreement (Manchester Technologies Inc)

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Funded Debt to EBITDA Ratio. The Borrower and Guarantors its Subsidiaries will maintain at all times maintain, on a consolidated basis, a Funded Debt to EBITDA Ratio, Ratio of not greater than 3.00 1.65 to 1.00, . The Funded Debt to EBITDA Ratio shall be calculated and tested at quarterly as of the end last day of each fiscal quarterFiscal Quarter for the Calculation Period ending on the last day of such Fiscal Quarter.

Appears in 1 contract

Samples: Credit Agreement (Veritas DGC Inc)

Funded Debt to EBITDA Ratio. The Borrower and Guarantors Borrowers will maintain at all times maintain, tested as of the end of each of the Borrowers’ fiscal quarters for the twelve-month period ending on a consolidated basisthe test date, a ratio of Funded Debt to EBITDA Ratio, of not greater that is less than 3.00 or equal to 1.00, 2.25 to be tested at the end of each fiscal quarter1.0.

Appears in 1 contract

Samples: Financing and Security Agreement (Rand Worldwide Inc)

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