Maximum Funded Indebtedness to EBITDA Ratio. Borrower and its direct and indirect Subsidiaries shall maintain a Funded Indebtedness to EBITDA Ratio of not more than 4.00 to 1.00 calculated as of the end of each Fiscal Year and as of the end of each Fiscal Quarter for the trailing twelve (12) month period ending as of the end of each such Fiscal Quarter. For the purposes hereof and except as provided below for the periods indicated, the term “Funded Indebtedness to EBITDA Ratio” shall mean the ratio of (i) Indebtedness (a) in respect of money borrowed or (b) evidenced by a note, debenture (senior or subordinate) or other like written obligation to pay money or (c) in respect of Capital Lease Obligations or (d) in respect of obligations or liabilities under conditional sales or other title retention agreements and (e) in respect of the balance of earnout associated with the BAMKO Transaction to (ii) EBITDA, both for the period of measure. Notwithstanding the foregoing, for the Fiscal Quarters ending June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017, the Funded Indebtedness to EBITDA Ratio shall be calculated by using in place of EBITDA in the above definition of Senior Funded Indebtedness to EBITDA Ratio, the combined EBITDA of Borrower and BAMKO EBITDA, as follows:
Maximum Funded Indebtedness to EBITDA Ratio. Permit the ratio of ------------------------------------------- Funded Indebtedness to its EBITDA (measured for the preceding four fiscal quarters), in each case measured on a consolidated basis for Lessee and its consolidated Subsidiaries, to be greater than 6.0 to 1 as of any fiscal quarter ending after January 31, 2002.
Maximum Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the ratio, determined as of the end of each fiscal quarter, of (i) Funded Indebtedness to (ii) EBITDA for the then most-recently ended four fiscal quarters, to be greater than the following: Period Maximum Ratio ------ ------------- Closing Date through December 31,1999 4.00 to 1.00 January 1, 2000 through June 30, 2000 2.75 to 1.00 July 1, 2000 through December 31, 2000 2.25 to 1.00 January 1, 2001 and thereafter 2.00 to 1.00
Maximum Funded Indebtedness to EBITDA Ratio. Permit the ratio of Funded Indebtedness to its EBITDA (measured for the preceding four fiscal quarters), in each case measured on a consolidated basis for Supreme and its consolidated Subsidiaries, to be greater than (i) 5.5 to 1 as of any fiscal quarter end on or prior to January 30, 2000, (ii) 5.0 to 1 as of any fiscal quarter end on or after January 31, 2000 but on or prior to January 30, 2001, (iii) 4.5 to 1 as of any fiscal quarter end on or after January 31, 2001 but on or prior to January 30, 2002, or (iv) 3.5 to 1 as of any fiscal quarter end thereafter.
Maximum Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the ratio, determined as of the end of each fiscal quarter, of (i) Funded Indebtedness to (ii) EBITDA, to be greater than the following: Period Ending Maximum Ratio ------------- ------------- September 30, 2000 4.00 to 1.00 (Using trailing 3 quarters annualized) December 31, 2000 4.00 to 1.00 (Using trailing 4 quarters) March 31, 2001 through December 31, 2001 3.00 to 1.00 (Using trailing 4 quarters) March 31, 2002 and thereafter 2.50 to 1.00 (Using trailing 4 quarters)
Maximum Funded Indebtedness to EBITDA Ratio. Borrower and its direct and indirect Subsidiaries shall maintain a Funded Indebtedness to EBITDA Ratio of not more than 4.00 to 1.00 calculated as of the end of each Fiscal Year and as of the end of each Fiscal Quarter for the trailing twelve (12) month period ending as of the end of each such Fiscal Quarter. For the purposes hereof the term “Funded Indebtedness to EBITDA Ratio” shall mean the ratio of (i) Indebtedness (a) in respect of money borrowed or (b) evidenced by a note, debenture or other like written obligation to pay money (both senior debt and subordinated debt) or (c) in respect of Capital Lease Obligations or (d) in respect of obligations or liabilities under conditional sales or other title retention agreements and (e) in respect of the balance of any earnout associated with Acquisitions consummated prior to the Closing Date or any Permitted Acquisition to (ii) EBITDA, for the period of measure.
Maximum Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the ratio, determined as of the end of each fiscal quarter, of (i) Funded Indebtedness to (ii) EBITDA for the then most-recently ended four fiscal quarters (except as noted below), be greater than the following: PERIOD MAXIMUM RATIO January 1, 2001 through March 31, 2001 4.50 to 1.00 April 1, 2001 through June 30, 2001 4.50 to 1.00 July 1, 2001 through September 30, 2001 4.00 to 1.00 October 1, 2001 through December 31, 20013.50 to 1.00 January 1, 2002 through March 31, 2002 3.25 to 1.00 April 1, 2002 through June 30, 2002 3.00 to 1.00 July 1, 2002 through September 30, 2002 2.75 to 1.00 October 1, 2002 and thereafter 2.50 to 1.00 Notwithstanding the foregoing, for the fiscal quarter ending March 31, 2001, EBITDA shall be calculated on the basis of that fiscal quarter annualized; for the fiscal quarter ending June 30, 2001, EBITDA shall be calculated on the basis of the two fiscal quarters ending June 30, 2001 annualized; for the fiscal quarter ending September 30, 2001, EBITDA shall be calculated on the basis of the three fiscal quarters ending September 30, 2001 annualized.
