Maximum Funded Debt to EBITDA Ratio. Borrower shall have on a consolidated basis with its Subsidiaries at the end of each Fiscal Quarter and Fiscal Year, a Funded Debt to EBITDA Ratio for the four (4) Fiscal Quarters then ended of not greater than 2.5:1.
Maximum Funded Debt to EBITDA Ratio. The Company agrees that it will not permit its Funded Debt to EBITDA Ratio to be greater than 3.00 to 1.00.
Maximum Funded Debt to EBITDA Ratio. The Borrower shall maintain as of the last day of each fiscal quarter a ratio of (i) Funded Debt of the Borrower and its Subsidiaries on a consolidated basis, to (ii) Consolidated EBITDA for the twelve-month period ended on such date, of not more than 2.00 to 1.00.
Maximum Funded Debt to EBITDA Ratio. Commencing with the fiscal quarter ending December 31, 2010, and measured each fiscal quarter thereafter, Borrower shall maintain a Funded Debt to EBITDA Ratio of not more than the following: The Funded Debt to EBITDA Ratio shall be measured quarterly, on a rolling four-quarter basis.”
(g) A new subsection (c) is hereby added in its entirety to Section 7.33 of the Loan Agreement as follows:
Maximum Funded Debt to EBITDA Ratio. The Borrower will maintain a maximum Funded Debt to EBITDA Ratio of not greater than 2.75 to 1.0.
Maximum Funded Debt to EBITDA Ratio. The ratio of Funded Debt of the Borrower and its Consolidated Subsidiaries as of the last day of each Fiscal Quarter set forth below to EBITDA of the Borrower and its Consolidated Subsidiaries for the four Fiscal Quarter period ending at the end of each such Fiscal Quarter to be less than the ratio set forth opposite such Fiscal Quarter end: Fiscal Quarter Ending Ratio --------------------- ----- December 31, 1997 6.75 to 1 March 31, 1998 6.75 to 1 June 30, 1998 6.75 to 1 September 30, 1998 6.75 to 1 December 31, 1998 5.75 to 1 and each Fiscal Quarter ending thereafter
Maximum Funded Debt to EBITDA Ratio. Total Funded Debt EBITDA * Maximum Required:
Maximum Funded Debt to EBITDA Ratio. The ratio of Domestic Borrower's Funded Debt as of the end of any fiscal quarter of Domestic Borrower to Domestic Borrower's EBITDA for the four consecutive fiscal quarters then ended shall not exceed the applicable ratio in the following table: --------------------------------------------- ---------------------------------- During the period The applicable ratio is --------------------------------------------- ---------------------------------- From June 28, 1999 through December 26, 1999 7.5 to 1.0 --------------------------------------------- ---------------------------------- From December 27, 1999 through March 26, 6.25 to 1.0 2000 --------------------------------------------- ---------------------------------- After March 26, 2000 3.25 to 1.0 --------------------------------------------- ----------------------------------
Maximum Funded Debt to EBITDA Ratio. The Borrowers, on a consolidated basis, shall maintain at all times, as measured at the end of each fiscal quarter, commencing June 30, 1998 for the twelve month period then ended (a rolling twelve month calculation measured as of the end of each successive quarter), a ratio of Funded Debt to EBITDA, of not more than 6.25 to 1.0, provided, however, that this ratio shall be reduced to not more than 4.5 to 1.0 commencing on March 31, 1999 and shall be reduced to not more than 4.0 to 1.0 commencing on March 31, 2000.
Maximum Funded Debt to EBITDA Ratio. The ratio of Domestic Borrower's Funded Debt as of the end of any fiscal quarter of Domestic Borrower to Domestic Borrower's EBITDA for the four consecutive fiscal quarters then ended shall not exceed the applicable ratio in the following table: --------------------------------------------- -------------------------- For the Quarter Ended on or About: The applicable ratio is --------------------------------------------- -------------------------- June 30, 2002 3.74 to 1.0 --------------------------------------------- -------------------------- September 30, 2002 3.71 to 1.0 --------------------------------------------- -------------------------- December 31, 2002 3.86 to 1.0 --------------------------------------------- -------------------------- March 31, 2003 2.75 to 1.0 --------------------------------------------- -------------------------- June 30, 2003 2.50 to 1.0 --------------------------------------------- -------------------------- September 30, 2003 2.50 to 1.0 --------------------------------------------- -------------------------- December 31, 2003 and any time thereafter 2.00 to 1.0 --------------------------------------------- --------------------------
