Funded Indebtedness to EBITDA Ratio. Permit the Funded Indebtedness to EBITDA Ratio (a) to be greater than 2.50 to 1.00, as of the end of any Fiscal Quarter ending on or before December 31, 2003, or (b) to be greater than 2.25 to 1.00, as of the end of any Fiscal Quarter ending after December 31, 2003.
Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the Funded Indebtedness to EBITDA Ratio, for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter set forth below, to be greater than the amount set forth opposite such date below:
Funded Indebtedness to EBITDA Ratio. Beginning March 31, 2016 and continuing thereafter on the last day of each quarter, the Borrower will not permit the Funded Indebtedness to EBITDA Ratio to be greater than 3.00 to 1.00.
Funded Indebtedness to EBITDA Ratio. At each quarter end, commencing June 30, 2017, and at the end of each quarter thereafter during the term of the Loan, Borrower shall be obligated to maintain a Funded Indebtedness to EBITDA Ratio of not greater than 2.00 to 1.00. This covenant shall be tested on a trailing 4-quarter basis.
Funded Indebtedness to EBITDA Ratio. Borrower shall not permit its Funded Indebtedness to Consolidated EBITDA, on a consolidated basis, to be greater than 3.50 to 1.00 at the end of any fiscal quarter in respect of any trailing twelve (12) month period, as of each determination date, which determination dates shall commence on June 30, 2021, and occur on the last day of each fiscal quarter thereafter.
Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the Funded Indebtedness to EBITDA Ratio on the last day of any fiscal quarter to be greater than 3.0:1.0; provided that, the maximum Funded Indebtedness to EBITDA Ratio permitted under this Section 6.10 shall be increased, in the case of one or more Permitted Acquisitions in which the cash portion of the Purchase Price for (i) any individual Permitted Acquisitions consummated in such fiscal quarter is in excess of $50,000,000 or (ii) all such Permitted Acquisitions consummated in such fiscal quarter is in excess of $75,000,000, to 3.25 to 1.00 (any such increase, a “Covenant Holiday”), in each case, for the first four fiscal quarters immediately following the Permitted Acquisition giving rise to the Covenant Holiday (inclusive of the fiscal quarter in which such Permitted Acquisition occurs); provided, further, that (x) no more than two such Covenant Holidays may occur during the term of this Agreement and (y) at the time of any proposed Covenant Holiday, the Funded Indebtedness to EBITDA Ratio shall have been less than 3.0 to 1.0 for at least two consecutive fiscal quarters immediately proceeding such proposed Covenant Holiday. The Funded Indebtedness to EBITDA Ratio shall be calculated as of the last day of each fiscal quarter of the Borrower based upon (a) for Funded Indebtedness, Funded Indebtedness as of the last day of each such fiscal quarter and (b) for EBITDA, the actual amount as of the last day of each fiscal quarter for the most recently ended four consecutive fiscal quarters.
Funded Indebtedness to EBITDA Ratio. As of the last day of each fiscal quarter, the Funded Indebtedness to EBITDA Ratio, as measured on a rolling four quarter basis of the four most recent quarters, shall not exceed 2.25:1.00.
Funded Indebtedness to EBITDA Ratio. Cause to be maintained a ratio of Funded Indebtedness to EBITDA for Radnor on a Consolidated Basis equal to or less than the respective ratios set forth below as at the end of each fiscal quarter ending during the respective periods set forth below for the most recent four fiscal quarters then ended: Maximum Ratio of Period Funded Indebtedness to EBITDA ------ ----------------------------- 3/31/2000 through 9/30/2000 6.00 to 1.0 12/31/2000 through 9/30/2001 5.25 to 1.0 12/31/2001 and thereafter 4.00 to 1.0
Funded Indebtedness to EBITDA Ratio. The Borrower will maintain, tested as of the last day of each of the Borrower's fiscal quarters, a Funded Indebtedness to EBITDA Ratio of not less than 4.0 to 1.0. During fiscal year 1999 this covenant shall be calculated by annualizing year to date results as of the end of the quarter most recently ended and commencing in fiscal year 2000 this covenant shall be calculated using a rolling four (4) quarter period.
Funded Indebtedness to EBITDA Ratio. The Company will not permit the ratio of (i) its total Funded Indebtedness to (ii) EBITDA, calculated for the preceding four (4) fiscal quarters on a rolling four (4) quarter basis, PLUS, (A) during the four (4) fiscal quarters ending on the last day of June, September and December of 1998 and March of 1999, the special, non-recurring charges incurred during the quarter ending June 30, 1998 resulting from severance costs associated with management changes, costs of terminated acquisitions and related items, up to a maximum of $3,745,000, and (B) during the fourth fiscal quarter of 1998 and the first three fiscal quarters of 1999, the special non-recurring charges, including adjustments, of up to $18,811,000 taken during the fourth fiscal quarter of 1998, to be greater than that shown on the following chart: QUARTER ENDING RATIO March 31, 1999 3.1 to 1.0 June 30, 1999 3.4 to 1.0 September 30, 1999 3.75 to 1.0 December 31, 1999 3.75 to 1.0 March 31, 2000 and thereafter 3.0 to 1.0"
11. AMENDMENT TO SECTION 7.12. Section 7.12 is hereby deleted in its entirety and the following substituted therefor:
