Maximum Debt/EBITDA Ratio Sample Clauses

Maximum Debt/EBITDA Ratio. The Borrower shall not at any time permit the Debt/EBITDA Ratio to be greater than 3.50 to 1.00.
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Maximum Debt/EBITDA Ratio. (Section 8.2.16). As of the Report Date, the Debt/EBITDA Ratio of the Borrower and its Consolidated Subsidiaries for the four fiscal quarters most recently ending is _________________ (insert ratio from (3)(C) below), which ratio is not greater than 3.00 to 1.0. The Debt/EBITDA Ratio shall be computed as follows: (A) Consolidated Debt of Borrower and its Consolidated Subsidiaries, as of the Report Date, calculated as follows: (i) liabilities for borrowed money payable within one year $______________ (ii) Guaranties of Indebtedness by the Borrower or its Consolidated Subsidiaries described in item (3)(A)(i) (other than Guaranties especially excepted from the definition of Consolidated Current Debt) $______________ (iii) liabilities for borrowed money other than Consolidated Current Debt and Indebtedness of the Borrower owed to any of its Subsidiaries $______________ (iv) liabilities for borrowed money secured by any lien on any real or personal property owned by the Borrower or its Consolidated Subsidiaries $______________ (v) any Obligations with respect to capital leases of the Borrower and its Consolidated Subsidiaries $ (vi) Guaranties of Indebtedness by the Borrower or its Consolidated Subsidiaries described in items (3)(A)(iii) through (v) (other than Guaranties that constitute Consolidated Current Debt) $______________ (vii) the sum of items (3)(A)(i) through (3)(A)(vi) equals Consolidated Debt $______________ (B) Consolidated EBITDA for the four fiscal quarters then ending, calculated in accordance with GAAP, as follows: (i) Consolidated Net Income $______________ (ii) income tax expense $______________ (iii) Consolidated Interest Expense $______________ (iv) depreciation and amortization expense $______________ (v) depletion expense $______________
Sample 1
Maximum Debt/EBITDA Ratio. Vistana, on the last day of each Fiscal Quarter commencing with the Fiscal Quarter commencing on October 1, 1997, shall have a Debt Ratio of not greater than (i) 5.5 to 1.0 for the period commencing on the Closing Date and ending on each Fiscal Quarter ending on or prior to December 31, 1999 and (ii) 5.25 to 1.0 thereafter as shown on Vistana's consolidated financial statements for the most recently completed Fiscal Quarter or Fiscal Year, as the case may be.
Sample 1

Related to Maximum Debt/EBITDA Ratio

  • Funded Debt to EBITDA Ratio To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 2.0:1.0.

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Debt to EBITDA Ratio Maintain, as of the end of each fiscal quarter, a ratio of (i) Debt, excluding Debt in respect of Hedge Agreements, as of such date to (ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than 4.0 to 1.0.

  • Maximum Total Leverage Ratio The Borrower shall maintain, on the last day of each fiscal quarter set forth below, a Total Leverage Ratio of not more than the maximum ratio set forth below opposite such fiscal quarter: October 31, 2007, January 31, 2008, April 30, 2008, July 31, 2008, October 31, 2008 and January 31, 2009 4.7 to 1 April 30, 2009, July 31, 2009, October 31, 2009 and January 31, 2010 4.2 to 1 April 30, 2010 and each fiscal quarter thereafter 4.0 to 1

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • 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.

  • Funded Debt Ratio Permit the Funded Debt Ratio, as of the last day of any Fiscal Quarter, to be greater than the ratio set forth below opposite such Fiscal Quarter or the period during which such Fiscal Quarter ends: Period/Fiscal Quarter Maximum Ratio December 31, 2002 3.50:1.00 March 31, 2003 2.60:1.00 June 30, 2003 2.50:1.00 September 30, 2003 2.00:1.00 December 31, 2003 through March 31, 2004 1.75:1.00 April 1, 2004 through December 31, 2004 1.50:1.00

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

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