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 3.0:1.0.

  • Total Debt to EBITDA Ratio Not permit the Total Debt to EBITDA Ratio as of the last day of any Computation Period to exceed 3.25 to 1.00.

  • Maximum Leverage Ratio The Borrower shall not permit its Leverage Ratio to be greater than 2.75 to 1.00 as at the end of each fiscal quarter.

  • 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 not permit the Total Leverage Ratio as of the last day of any four-quarter period to be greater than 4.00:1.00. Notwithstanding the foregoing: (a) for purposes of calculating the Total Leverage Ratio, until the earlier of (i) the consummation of a Specified Acquisition and (ii) termination of the acquisition agreement related to such Specified Acquisition, the Total Leverage Ratio shall not include any Indebtedness of the Borrower or the Guarantors to the extent that (x) such Indebtedness was incurred solely to finance such Specified Acquisition (and any related transactions) and the proceeds of such indebtedness are held as cash or cash equivalents in an escrow or equivalent arrangement (pending the consummation of such Specified Acquisition) and (y) such Indebtedness is redeemable or prepayable at no more than 101% of the principal amount thereof (plus accrued interest) in the event that the Specified Acquisition is not consummated; and (b) upon the Administrative Agent’s receipt of a written notice substantially in the form of Exhibit F hereto (a “Specified Acquisition Notice”), the Total Leverage Ratio as of the last day of any period for the four-quarter period beginning with the period in which such Specified Acquisition is consummated (such period in which the Specified Acquisition is consummated, the “Specified Acquisition Consummation Period”) and continuing through the fourth consecutive fiscal quarter ended immediately following the first day of the Specified Acquisition Consummation Period shall not exceed 4.50:1.00 (in lieu of the ratio set forth for such period above); provided that (i) the Borrower may deliver a Specified Acquisition Notice no more than three times during the life of this Agreement and (ii) after any Specified Acquisition Consummation Period, the Borrower must have a Total Leverage Ratio of no more than 4.00:1.00 for at least two consecutive fiscal quarters before the Borrower may elect to deliver a Specified Acquisition Notice for an additional time.

  • Funded Debt to EBITDA Section 9.16 of the Loan Agreement shall be amended and restated 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 PERIOD RATIO ------ ----- 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 Maintain its Funded Debt Ratio at not greater than (a) 3.75 to 1.00 at each fiscal quarter ending through and including December 31, 2003, (b) 3.50 to 1.00 as of March 31, 2004 and June 30, 2004, (c) 3.00 to 1.00 as of September 30, 2004, (b) 2.50 to 1.00 as of December 31, 2004 and at each fiscal quarter ending thereafter through and including September 30, 2005, and (c) 2.00 to 1.00 as of December 31, 2005 and as of each fiscal quarter ending thereafter.

  • 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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