FUNDED DEBT TO MODIFIED EBITDA Sample Clauses

FUNDED DEBT TO MODIFIED EBITDA. The ratio, calculated as of the end of each fiscal quarter of Company and its Subsidiaries beginning March 31, 2000 (each a "Calculation Date"), of the consolidated (and combined, if applicable) Funded Debt of Company and its Subsidiaries as of each Calculation Date divided by the consolidated (and combined, if applicable) Modified EBITDA for Company and its Subsidiaries for the four (4) fiscal quarters of Company and its Subsidiaries immediately preceding the applicable Calculation Date shall not be greater than 10.00 to 1.00 as of the Calculation Date occurring on March 31, 2000, and thereafter until, but not including, the Calculation Date occurring on June 30, 2000; 7.50 to 1.00 as of the Calculation Date occurring on June 30, 2000, and thereafter until, but not including, the Calculation Date occurring on September 30, 2000; 5.25 to 1.00 as of the Calculation Date occurring on September 30, 2000, and thereafter until, but not including, the Calculation Date occurring on December 31, 2000, and 4.25 to 1.00 as of the Calculation Date occurring on December 31, 2000, and as of all Calculation Dates thereafter. For purposes of this financial covenant, the following terms shall have the following meaning:
Sample 1
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FUNDED DEBT TO MODIFIED EBITDA. The ratio, calculated as of the end of each fiscal quarter of Company and its Subsidiaries beginning September 30, 1999 (each a "Calculation Date"), of the consolidated (and combined, if applicable) Funded Debt of Company and its Subsidiaries as of each Calculation Date divided by the consolidated (and combined, if applicable) Modified EBITDA for Company and its Subsidiaries for the four (4) fiscal quarters of Company and its Subsidiaries immediately preceding the applicable Calculation Date shall not be greater than 4.25 to 1.00. For purposes of this financial covenant, the following terms shall have the following meaning:
Sample 1
FUNDED DEBT TO MODIFIED EBITDA. The ratio, calculated as of the end of each fiscal quarter of Company and its Subsidiaries beginning September 30, 1999 (each a "Calculation Date"), of the consolidated (and combined, if applicable) Funded Debt of Company and its Subsidiaries as of each Calculation Date divided by the consolidated (and combined, if applicable) Modified EBITDA for Company and its Subsidiaries for the four (4) fiscal quarters of Company and its Subsidiaries immediately preceding the applicable Calculation Date shall not be greater than 4.75 to 1.00 as of the Calculation Date occurring on September 30, 1999, and 4.25 to 1.00 as of the Calculation Date occurring on December 31, 1999, and as of all Calculation Dates occurring on and after December 31, 1999."
Sample 1

Related to FUNDED DEBT TO MODIFIED EBITDA

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • First Lien Leverage Ratio On the last day of any Test Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.15 shall not apply until the last day of the first full Fiscal Quarter ending after the Closing Date), the Borrowers shall not permit the First Lien Leverage Ratio to be greater than 7.75:1.00.

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of REIT and its Subsidiaries for such period determined on a Consolidated basis.

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