Common use of Indebtedness to EBITDA Clause in Contracts

Indebtedness to EBITDA. Borrowers and their Subsidiaries shall have on a consolidated basis, as of the last day of each Fiscal Quarter a ratio of (i) the sum of (x) the daily average amount of Revolving Loans for the 30-day period preceding the last day of such Fiscal Quarter and (y) the amount of other Indebtedness as of the last day of such Fiscal Quarter to (ii) EBITDA plus interest income for the four Fiscal Quarters then ending of not greater than 3.0:1.

Appears in 2 contracts

Samples: Credit Agreement (Navarre Corp /Mn/), Credit Agreement (Navarre Corp /Mn/)

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Indebtedness to EBITDA. Borrowers and their Subsidiaries shall have on a consolidated basis, as of the last day of each Fiscal Quarter a ratio of (i) the sum of (x) the daily average amount of Revolving Loans for the 30-day period preceding the last day of such Fiscal Quarter and (y) the amount of other Indebtedness as of the last day of such Fiscal Quarter to (ii) EBITDA plus interest income for the four Fiscal Quarters then ending of not greater than 3.0:1."

Appears in 1 contract

Samples: Credit Agreement (Navarre Corp /Mn/)

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Indebtedness to EBITDA. Borrowers and their Subsidiaries shall have on a consolidated basis, as of the last day of each Fiscal Quarter a ratio of (i) the sum of (x) the daily average amount of Revolving Loans for the 30-day period preceding the last day of such Fiscal Quarter and (y) the amount of other Indebtedness as of the last day of such Fiscal Quarter each of the then most recent twelve months to (ii) EBITDA plus interest income for the four Fiscal Quarters then ending of not greater than 3.0:1.

Appears in 1 contract

Samples: Credit Agreement (Navarre Corp /Mn/)

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