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.
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Samples: Revolving Credit Agreement (Hormel Foods Corp /De/), Hormel Foods Corp /De/
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.. ARTICLE VI
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Samples: Revolving Credit Agreement (Hormel Foods Corp /De/)
Maximum Debt Ratio. The Borrower will not permit the ratio of (i) Net Debt Funded Indebtedness 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 2.75 to 1.00.
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