Maximum Funded Debt to Adjusted EBITDA Ratio Sample Clauses

Maximum Funded Debt to Adjusted EBITDA Ratio. Maintain as -------------------------------------------- of the end of each fiscal quarter set forth in the left hand column below a ratio of (i) Funded Debt of Parent and its consolidated Subsidiaries to (ii) Adjusted EBITDA, of not greater than the ratio set forth in the right hand column below: Fiscal Quarter Ended Ratio -------------------- ------ September 30, 1998 7.25:1.00 December 31, 1998 6.50:1.00 March 31, 1999 5.50:1.00 June 30, 1999 5.00:1.00 September 30, 1999 4.50:1.00 December 31, 1999 4.50:1.00 March 31, 2000 4.50:1.00
Sample 1
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Maximum Funded Debt to Adjusted EBITDA Ratio. The Borrower shall maintain a maximum Funded Debt to Adjusted EBITDA Ratio, tested on a rolling twelve month basis, in the corresponding quarter of each year as follows: 1Q 3.00 to 1.00 3Q 2.50 to 1.00 4Q 2.00 to 1.00 Compliance with this covenant shall be determined on a rolling twelve month basis and shall be measured commencing as of the Fiscal Quarter ended March 31, 2019. For the avoidance of doubt, nothing herein shall relieve the Borrower from compliance with all existing covenants for the Fiscal Quarter ending December 31, 2018.”
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Maximum Funded Debt to Adjusted EBITDA Ratio. Maintain as of the end of each fiscal quarter during the periods set forth in the left hand column below a ratio of (i) Funded Debt of Parent and its consolidated Subsidiaries to (ii) Adjusted EBITDA plus, for any calculation thereof which includes the fiscal quarter ended June 30, 1997, the amount of non-recurring charges taken during that quarter and deducted in calculating net income (i.e., a $3.0 million charge to reflect an increase in bad debt reserves and a $1.1 million restructuring charge), of not greater than the ratio set forth in the right hand column below: Period Ratio ------ ----- Date of the Credit Agreement through 9/30/97 3.25 to 1 10/1/97 through 3/31/98 3.00 to 1 4/1/98 through 12/31/98 2.75 to 1 1/1/99 and thereafter 2.50 to 1
Sample 1
Maximum Funded Debt to Adjusted EBITDA Ratio. Kitty Hawk and its Subsidiaries will not permit the ratio, calculated as of the end of each fiscal quarter of Kitty Hawk commencing with the fiscal quarter ending December 31, 1997, of (a) Funded Debt to (b) Adjusted EBITDA for the four fiscal quarters of Kitty Hawk then ended, to be greater than the ratio set forth below for the applicable fiscal quarter end: Fiscal Quarter Ending Maximum Ratio --------------------- ------------- December 31, 1997 through and including December 31, 1998 4.25 to 1.00 March 31, 1999 through and including December 31, 1999 4.00 to 1.00 March 31, 2000 through and including June 30, 2000 3.50 to 1.00 September 30, 2000 3.25 to 1.00 December 31, 2000 through and including December 31, 2001 3.00 to 1.00 March 31, 2002 and each fiscal quarter ending thereafter 2.50 to 1.00"
Sample 1
Maximum Funded Debt to Adjusted EBITDA Ratio. Maintain as of the -------------------------------------------- end of each fiscal quarter during the periods set forth in the left hand column below a ratio of (i) Funded Debt of Parent and its consolidated Subsidiaries to (ii) Adjusted EBITDA, of not greater than the ratio set forth in the right hand column below: Period Ratio ------ ----- Date of the Credit Agreement through 9/30/97 3.25 to 1 10/1/97 through 3/31/98 4.75 to 1 4/1/98 through 6/30/98 4.50 to 1 7/1/98 through 12/31/98 2.75 to 1 1/1/99 and thereafter 2.50 to 1 4. Amendment to Paragraph 5.17 (Maximum Leverage Ratio). Paragraph --------------------------------------------------- 5.17 of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 5.17
Sample 1
Maximum Funded Debt to Adjusted EBITDA Ratio. Kitty Hawk and its Subsidiaries will not permit the ratio, calculated as of the end of each fiscal quarter of Kitty Hawk commencing with the fiscal quarter ending December 31, 1997, of (a) Funded Debt to (b) Adjusted EBITDA for the four fiscal quarters of Kitty Hawk then ended, to be greater than the ratio set forth below for the applicable fiscal quarter end: -------------------------------------------------------------------------------- Fiscal Quarter Ending Maximum Ratio -------------------------------------------------------------------------------- December 31, 1997 through and including June 30, 1998 4.50 to 1.00 -------------------------------------------------------------------------------- September 30, 1998 through and including December 31, 1998 3.75 to 1.00 -------------------------------------------------------------------------------- March 31, 1999 through and including December 31, 2000 3.00 to 1.00 -------------------------------------------------------------------------------- March 31, 2001 and each fiscal quarter ending thereafter 2.50 to 1.00 --------------------------------------------------------------------------------
Sample 1
Maximum Funded Debt to Adjusted EBITDA Ratio. (i) The Borrower shall maintain a maximum Funded Debt to Adjusted EBITDA ratio of not greater than 2.50 to 1.00 for the Fiscal Quarter ending September 30, 2019 and for each Fiscal Quarter thereafter to and including the Fiscal Quarter ending December 31, 2021. Thereafter, throughout the remaining term of the Loans, the Borrower shall maintain a maximum Funded Debt to Adjusted EBITDA ratio of not greater than 2.00 to 1.00.
Sample 1
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Maximum Funded Debt to Adjusted EBITDA Ratio. Maintain a Funded Debt to Adjusted EBITDA Ratio of no more than 1.50 to 1.00. “Funded Debt to Adjusted EBITDA Ratio” means the ratio of Funded Debt as of the end of such Fiscal Quarter to Adjusted EBITDA for the twelve (12) month period ending at the end of such Fiscal Quarter. “Funded Debt” means all Indebtedness plus the undrawn amount of all issued and outstanding letters of credit of Borrower and its Subsidiaries minus any Indebtedness permitted by Section 7.8.10.
Sample 1

Related to Maximum Funded Debt to Adjusted EBITDA Ratio

  • Funded Debt to EBITDA Ratio A. Funded Debt

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

  • 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.

  • 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.

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 1.0.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 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.

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

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