Maximum Cash Flow Leverage Ratio Sample Clauses

Maximum Cash Flow Leverage Ratio. The Company and its consolidated Subsidiaries shall not permit the ratio (the “Cash Flow Leverage Ratio”) of (i) Total Funded Debt to (ii) EBITDA to be greater than the applicable ratio set forth below for each corresponding four (4) fiscal quarter period ending with the end of the applicable fiscal quarter of the Company set forth below. The Cash Flow Leverage Ratio shall be calculated, in each case, determined as of the last day of each fiscal quarter based upon (a) for Debt, Debt as of the last day of each such fiscal quarter; and (b) for EBITDA, the actual amount for Last Twelve-Month Period, provided, that the Cash Flow Leverage Ratio shall be calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical audited and reviewed unaudited financial statements obtained from the seller(s) in such Permitted Acquisition, broken down by fiscal quarter in the Company’s reasonable judgment as if such Permitted Acquisition (including the uses and applications of proceeds in respect thereof and the Debt incurred in conjunction therewith) had occurred on the first day of the Measurement Period (excluding cost savings), provided such pro forma statements shall be substantiated by supporting information reasonably acceptable to the Required Holders. Last Twelve-Month Period Ending Maximum Cash Flow Leverage Ratio March 31, 2010 2.75 to 1.00 June 30, 2010 2.75 to 1.00 September 30, 2010 2.75 to 1.00 December 31, 2010 2.75 to 1.00 March 31, 2011 2.75 to 1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 and the last day of each fiscal quarter thereafter ending 2.50 to 1.00
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Maximum Cash Flow Leverage Ratio. The Borrower shall not permit the Cash Flow Leverage Ratio of the Borrower Affiliated Group, determined as at the last day of each fiscal quarter, to be greater than the ratio of 1.0 to 1.0 for the twelve-month period then ended.
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Maximum Cash Flow Leverage Ratio. The Borrower and its consolidated Subsidiaries shall not permit the ratio (the "Cash Flow Leverage Ratio") of (i) Total Funded Indebtedness to (ii) EBITDA to be greater than 3.25 to 1.0 for each four (4) fiscal quarter period beginning with the fiscal quarter ending December 31, 2004 and thereafter. The Cash Flow Leverage Ratio shall be calculated, in each case, determined as of the last day of each fiscal quarter based upon (a) for Indebtedness, Indebtedness as of the last day of each such fiscal quarter; and (b) for EBITDA, the actual amount for Last Twelve-Month Period, provided, that the Cash Flow Leverage Ratio shall be calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical audited and reviewed unaudited financial statements obtained from the seller(s) in such Permitted Acquisition, broken down by fiscal quarter in the Borrower's reasonable judgment as if such Permitted Acquisition (including the uses and applications of proceeds in respect thereof and the Indebtedness incurred in conjunction therewith) had occurred on the first day of the Measurement Period (including cost savings actually realized during such prior period, as though such costs savings had been realized from the first day of the Measurement Period in the Borrower's reasonable judgment), provided such pro forma statements and such costs savings shall be substantiated by supporting information reasonably acceptable to the Agent.
Sample 1See All (4)
Maximum Cash Flow Leverage Ratio. During the term of the Loans and the Bond, the Obligors' Cash Flow Leverage Ratio, on a consolidated basis, shall not exceed (a) 3.0:1.0 as at the end of each successive fiscal quarter between the date hereof and Xxxxx 00, 0000, (x) 2.75:1.0 as at the end of each successive fiscal quarter between April 1, 2000 and March 31, 2001, (c) 2.5:1.0 as at the end of each successive fiscal quarter between April 1, 2001 and March 31, 2002, and (d) 2.25:1.0 as at the end of each successive fiscal quarter thereafter. The Obligors' compliance herewith shall be tested quarterly by the Banks, commencing as at September 30, 1999, and continuing as at each successive December 31, March 31, June 30, and September 30 thereafter.
Sample 1
Maximum Cash Flow Leverage Ratio. Borrower shall not permit its Cash Flow Leverage Ratio for any Fiscal Quarter ending on or after the Closing Date to exceed 4.0:1.0; provided, however, that if a Qualifying IPO occurs, then the maximum Cash Flow Leverage Ratio shall be 3.0:1.0 for each Fiscal Quarter ending after the Qualifying IPO.
Sample 1
Maximum Cash Flow Leverage Ratio. Subject to Subsections 4.2(c) and 4.2(d) hereof, Borrower will maintain a maximum Cash Flow Leverage Ratio of not more than (a) 4.5 to 1.0 as of the last day of the fiscal quarter ending on September 30, 2023, (b) 4.0 to 1.0 as of the last day of each fiscal quarter ending on December 31, 2023, and March 31, 2024, (c) 3.5 to 1.0 as of the last day of each fiscal quarter ending on June 30, 2024, and September 30, 2024,and (d) 3.0 to 1.0 as of the last day of each fiscal quarter thereafter. This covenant shall be calculated as of the last day of each fiscal quarter of Borrower.
Sample 1
Maximum Cash Flow Leverage Ratio. The Borrower will maintain at all times a maximum Cash Flow Leverage Ratio of not less than the following, to be tested quarterly (i) on an annualized basis during the period ending December 31, 2002, and (ii) on a rolling four quarter basis for each fiscal year thereafter: Maximum Cash Flow Period Leverage Ratio ------ --------------
Sample 1
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Maximum Cash Flow Leverage Ratio. Asta Funding and its Subsidiaries shall have on a consolidated basis at the end of each Fiscal Quarter a Cash Flow Leverage Ratio of not more than 1.25 to 1.0.
Sample 1
Maximum Cash Flow Leverage Ratio. A Cash Flow Leverage Ratio of NOT MORE THAN the applicable ratio set forth below for such measurement date: MEASUREMENT DATE MAXIMUM CASH FLOW LEVERAGE RATIO ---------------- -------------------------------- July 31, 2001 3.50 to 1.00 August 31, 2001 3.50 to 1.00 September 30, 2001 3.50 to 1.00 October 31, 2001 3.00 to 1.00 November 30, 2001 3.00 to 1.00 December 31, 2001 2.50 to 1.00
Sample 1

Related to Maximum Cash Flow Leverage Ratio

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • 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.

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: Fiscal Quarter Ending Ratio on or prior to December 31, 2008 6.50 to 1.0 thereafter but on or prior to December 31, 2010 6.00 to 1.0 after December 31, 2010 5.50 to 1.0

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Adjusted Leverage Ratio The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00

  • Maximum Senior Leverage Ratio Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of not more than the following:

  • Total Net Leverage Ratio The Borrower will not permit the Total Net Leverage Ratio as of the end of any Fiscal Quarter to exceed 3.50 to 1.00.

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