Maximum Debt Ratio. Seminis shall not permit, as of the last day of each fiscal quarter ending on any date specified below, its Debt Ratio to be greater than the ratio specified for such date below: DEBT RATIO SHALL NOT BE DATE GREATER THAN December 31, 2002 3.60 to 1 March 31, 2003 3.60 to 1 June 30, 2003 3.50 to 1 September 30, 2003 3.50 to 1
Maximum Debt Ratio. For the Company and its Subsidiaries on a consolidated basis (for each period consisting of the most recently ended four consecutive fiscal quarters of the Company):
Maximum Debt Ratio. The Parent shall not permit the ratio, as of the last day of each fiscal quarter of the Parent, beginning with the fiscal quarter ending June 30, 2006, of (a) the consolidated Debt of the Parent as of such fiscal quarter end to (b) consolidated EBITDA of the Parent for the four-fiscal quarter period then ended, to be greater than 2.50 to 1.00; provided that (i) with respect to the fiscal quarter period ending June 30, 2006, EBITDA shall be measured by multiplying EBITDA for the three-month period then ended by four, (ii) with respect to the fiscal quarter period ending September 30, 2006, EBITDA shall be measured by multiplying EBITDA for the two quarters then ended by two, and (iii) with respect to the fiscal quarter ending December 31, 2006, EBITDA shall be measured by multiplying EBITDA for the three quarters then ended by 4/3.
Maximum Debt Ratio. The Borrower will not permit the ratio of (i) Net Debt as of the end of any fiscal quarter to (ii) EBITDA, for each period consisting of the four consecutive fiscal quarters then ended, to exceed 2.50 to 1.00.
Maximum Debt Ratio. The Company will not permit at any time the ratio of (i) Debt of the Company and its Subsidiaries on a consolidated basis to (ii) EBITDA, for each period consisting of the most recently ended four consecutive fiscal quarters of the Company, to exceed 3.25 to 1.00.
Maximum Debt Ratio. The Guarantor will not permit at ------------------ any time the ratio of (i) Debt of the Guarantor and its Subsidiaries on a consolidated basis to (ii) EBITDA, for each period consisting of the most recently ended four consecutive fiscal quarters of the Guarantor, to exceed 3.25 to 1.00."
Maximum Debt Ratio. The Guarantor shall not permit the ratio (the "Debt Ratio") of (i) Debt of the Guarantor and its Subsidiaries on a consolidated basis to (ii) Adjusted EBITDA to be greater than (a) 3.00 to 1.00 as of the end of each fiscal quarter of the Guarantor through the fiscal quarter ending August 27, 2004 and (b) 2.75 to 1.00 as of the end of each fiscal quarter of the Guarantor thereafter. The Debt Ratio shall be calculated, upon relevant financial statements becoming publicly available, as of the last day of each fiscal quarter of the Guarantor based upon (a) for Debt, Debt as of the last day of each such fiscal quarter and (b) for EBITDA, the actual amount for the four (4) most recently completed fiscal quarters."
Maximum Debt Ratio. The Loan Parties shall not at any time permit the ratio of consolidated Funded Debt of the Borrowers and their Subsidiaries to Consolidated EBITDA, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to exceed 2.0 to 1.0.
Maximum Debt Ratio. The Parent shall not permit the ratio, as of the last day of each fiscal quarter of the Parent, of (a) the consolidated Debt of the Parent as of such fiscal quarter end to (b) consolidated EBITDA of the Parent for the four-fiscal quarter period then ended, to be greater than 3.50 to 1.00.
Maximum Debt Ratio. Section 6.17.
