We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Maximum Debt to EBITDA Sample Clauses

Maximum Debt to EBITDAThe Borrower shall maintain a maximum Debt to EBITDA ratio on a cumulative basis as follows:
Maximum Debt to EBITDA. The ratio of Borrower Indebtedness to EBITDA for any Relevant Period ending on a Test Date set out below, shall not exceed the ratio set out opposite such Test Date: 30 June 2005 3.25:1 31 December 2005 3.25:1 30 June 2006 3.25:1 Senior Secured Credit Facility Agreement 31 December 2006 3.25:1 30 June 2007 3.00:1 31 December 2007 and each Test Date falling thereafter 2.75:1
Maximum Debt to EBITDA. The Senior Debt Ratio will not at any date exceed (i) if such date is prior to the date of consummation of a Qualifying Dexter Asset Sale, 1.25 to 1.0 and (ii) if such date is on or after the date of consummation of a Qualifying Dexter Asset Sale, 1.75 to 1.0. For purposes of calculating Consolidated EBITDA for any period of four consecutive fiscal quarters during, or after, which a Qualifying Dexter Asset Sale is consummated, Consolidated EBITDA will be calculated on a pro forma basis as if the sale occurred on the first day of such period.
Maximum Debt to EBITDABorrower shall maintain, at all times, a ratio of (a) Indebtedness owed by Xxxxxxxx to Bank, to (b) Borrower’s EBITDA for the trailing twelve (12) month period ended on such date of determination, of no greater than (i) with respect to the period commencing on the Closing Date through and including July 31, 2023, 1.75 to 1.00, (ii) with respect to the period commencing on August 1, 2023 through and including July 31, 2024, 1.25 to 1.00 and (iii) with respect to the period at all times thereafter, an amount to be mutually agreed upon by Xxxxxxxx and Bank. This covenant shall be tested quarterly as of the end of each fiscal quarter.
Maximum Debt to EBITDA. Issuer and its Subsidiaries shall not permit the Leverage Ratio for any twelve fiscal month period set forth in the table below to be less than the ratio set forth opposite thereto

Related to Maximum Debt to EBITDA

  • Funded Debt to EBITDA Section 9.16 of the Loan Agreement shall be amended and restated as follows:

  • 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.

  • Funded Debt to EBITDA Ratio To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 3.0:1.0.

  • 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 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.

  • 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.

  • 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.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • 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.

  • 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