Common use of Funded Debt to EBITDA Clause in Contracts

Funded Debt to EBITDA. The Borrowers 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 thereafter

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

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Funded Debt to EBITDA. The Borrowers Borrower will not allow their its ratio of (i) Consolidated Funded Debt to (ii) Consolidated EBITDA to be greater than (A) 2.75 5.0 to 1.0 as of the end of any fiscal quarter from December 31, 2001 2002, (B) 4.75 to 1.0 as of March 31, 2003, (C) 4.25 to 1.0 as of June 30, 2003, and (BD) 2.5 2.75 to 1.0 as of September 30, 2003 and as of the end of any each fiscal quarter thereafter."

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

Funded Debt to EBITDA. The Borrowers Guarantors will not allow their the ratio of (i) Consolidated Funded Debt to (ii) Consolidated EBITDA for the most recent fiscal quarter annualized, to be greater than (A) 2.75 2.5 to 1.0 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 thereafterquarter.

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

Funded Debt to EBITDA. The Borrowers 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 thereafterquarter.

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

Funded Debt to EBITDA. The Borrowers will not allow their the ratio of (i) Consolidated Funded Debt to (ii) Consolidated EBITDA for the most recent fiscal quarter annualized, to be greater than (A) 2.75 2.5 to 1.0 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 thereafterquarter.

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

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Funded Debt to EBITDA. The Borrowers Guarantors will not allow their the 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 31the Effective Date to June 30, 2001 to March 31, 20032001, and (B) 2.5 to 1.0 as of the end of any fiscal quarter thereafter.

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

Funded Debt to EBITDA. The Borrowers will not allow their ratio of (i) Consolidated Funded Debt to (ii) Consolidated EBITDA to be greater than (A) 2.75 5.0 to 1.0 as of the end of any fiscal quarter from December 31, 2001 2002, (B) 4.75 to 1.0 as of March 31, 2003, (C) 4.25 to 1.0 as of June 30, 2003, and (BD) 2.5 2.75 to 1.0 as of September 30, 2003 and as of the end of any each fiscal quarter thereafter."

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

Funded Debt to EBITDA. The Borrowers 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 31the Effective Date to June 30, 2001 to March 31, 20032001, and (B) 2.5 to 1.0 as of the end of any fiscal quarter thereafter.

Appears in 1 contract

Samples: Credit Agreement (Atwood Oceanics Inc)

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