Funded Debt to EBITDA. The Borrowers shall not permit the ratio of Funded Debt as of the last day of any fiscal quarter to EBITDA of the Company for the period of four consecutive fiscal quarters ending on the last day of such fiscal quarter to exceed 3.5 to 1.0.
Appears in 2 contracts
Samples: Term Credit Agreement (Schawk Inc), Multicurrency Credit Agreement (Schawk Inc)
Funded Debt to EBITDA. The Borrowers 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 last day end of any fiscal quarter to EBITDA of Borrower, commencing with the Company for the period of four consecutive fiscal quarters ending on the last day of such fiscal quarter to exceed 3.5 to 1.0ending June 30, 2014.
Appears in 2 contracts
Samples: Loan and Security Agreement (Mammoth Energy Partners LP), Loan and Security Agreement (Stingray Energy Services, Inc.)
Funded Debt to EBITDA. The Borrowers shall will not permit the ratio of (x) Funded Debt as of at the last day end of any fiscal quarter to (y) EBITDA of the Company for the period of four (4) consecutive fiscal quarters ending on such date (the last day of such fiscal quarter “Leverage Ratio”) to exceed 3.5 be greater than (a) 4:25:1.00 prior to 1.0the Permitted Subordinated Debt Offering; or (b) 4:75:1.00 thereafter.
Appears in 1 contract
Samples: Revolving Credit Agreement (Waste Industries Usa Inc)
