Gearing. The Company must ensure that the ratio of Consolidated Total Net Borrowings (as at each Testing Date) to Consolidated EBITDA (for the Measurement Period ending on that Testing Date) is not more than 3:1.
Appears in 3 contracts
Samples: Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC)
Gearing. The Company must ensure that the ratio of (1) Consolidated Total Net Borrowings to (as at each Testing Date2) to Consolidated EBITDA (for on the last day of each Measurement Period ending on that Testing Date) is not more less than 3:1or equal to 3.0:1.
Appears in 3 contracts
Samples: Junior Facility Agreement (Endeavour International Corp), Junior Facility Agreement (Endeavour International Corp), Agreement (Endeavour International Corp)
