Common use of Maximum Consolidated Total Debt to Consolidated EBITDA Clause in Contracts

Maximum Consolidated Total Debt to Consolidated EBITDA. Borrower will at all times have and maintain a ratio of Consolidated Total Debt to Consolidated EBITDA which is less than or equal to the following: For Fiscal Quarters Maximum Consolidated Total Ended On Or Between Debt to Consolidated EBITDA ------------------- --------------------------- June 30, 1996 6.00 to 1.00 September 30, 1996 6.75 to 1.00 December 31, 1996 6.60 to 1.00 March 31, 1997 6.25 to 1.00 June 30, 1997 5.50 to 1.00 September 30, 1997 5.00 to 1.00 October 1, 1997 through September 30, 1998 4.65 to 1.00 October 1, 1998 through September 30, 1999 4.25 to 1.00 October 1, 1999 through September 30, 2000 3.90 to 1.00

Appears in 2 contracts

Samples: Loan Agreement (Doane Products Co), Loan Agreement (Doane Products Co)

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Maximum Consolidated Total Debt to Consolidated EBITDA. Borrower will at all times have and maintain a ratio of Consolidated Total Debt to Consolidated EBITDA which is less than or equal to the following: For Fiscal Quarters the Period -------------- Maximum Consolidated Total Ended On Or Between From To Debt to Consolidated EBITDA ------------------- ---- -- --------------------------- June 30October 5, 1996 6.00 to 1.00 1995 September 30, 1996 6.75 5.25 to 1.00 December 31October 1, 1996 6.60 to 1.00 March 31, 1997 6.25 to 1.00 June 30, 1997 5.50 to 1.00 September 30, 1997 5.00 to 1.00 October 1, 1997 through September 30, 1998 4.65 to 1.00 October 1, 1998 through September 30, 1999 4.25 to 1.00 October 1, 1999 through September 30, 2000 3.90 to 1.00

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Doane Products Co), Assignment and Assumption Agreement (Doane Products Co)

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Maximum Consolidated Total Debt to Consolidated EBITDA. Borrower will at all times have and maintain a ratio of Consolidated Total Debt to Consolidated EBITDA which is less than or equal to the following: For Fiscal Quarters Quarter Maximum Consolidated Total Ended On Or Between Debt to Consolidated EBITDA ------------------- --------------------------- June 30, 1996 6.00 to 1.00 September 30, 1996 6.75 to 1.00 December 31, 1996 6.60 to 1.00 March 31, 1997 6.25 6.60 to 1.00 June 30, 1997 5.50 6.30 to 1.00 September 30, 1997 5.00 6.30 to 1.00 October 1December 31, 1997 through 5.50 to 1.00 March 31, 1998 5.50 to 1.00 June 30, 1998 5.20 to 1.00 September 30, 1998 4.65 5.20 to 1.00 October 1December 31, 1998 through 4.50 to 1.00 March 31, 1999 4.50 to 1.00 June 30, 1999 4.25 to 1.00 September 30, 1999 4.25 to 1.00 October 1December 31, 1999 through September September, 30, 2000 3.90 4.10 to 1.00

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Doane Products Co)

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