Common use of Maintenance of Funded Debt Clause in Contracts

Maintenance of Funded Debt. The Company shall not permit Consolidated Funded Debt, determined as of the end of each fiscal quarter of the Company, to exceed four hundred percent (400%) of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company ended at such time.

Appears in 6 contracts

Samples: Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc), Amendment Agreement (Smithfield Foods Inc)

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Maintenance of Funded Debt. The Company shall not permit Consolidated Funded Debt, determined as of the end of each fiscal quarter of the Company, to exceed four hundred percent (400%) % of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company ended at such time.

Appears in 2 contracts

Samples: Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc)

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Maintenance of Funded Debt. The Company shall not permit Consolidated Funded Debt, determined as of the end of each fiscal quarter of the Company, to exceed four hundred percent (400425%) of Consolidated EBITDA for the period of four (4) consecutive fiscal quarters of the Company ended at such time.

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

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