Common use of Maximum Ratio of Total Debt to EBITDA Clause in Contracts

Maximum Ratio of Total Debt to EBITDA. The Borrower and its consolidated Subsidiaries will not permit the ratio, calculated as of the end of each fiscal quarter of the Borrower commencing with the fiscal quarter ended April 30, 1997, and in accordance with Section 1.4, of (i) Total Debt to (ii) EBITDA for the four fiscal quarters of the Borrower then ended to be greater than the ratio of 3.00 to 1.00."

Appears in 1 contract

Samples: Credit Agreement (Dynamex Inc)

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Maximum Ratio of Total Debt to EBITDA. The Borrower and its consolidated Subsidiaries will not permit the ratio, calculated as of the end of each fiscal quarter of the Borrower commencing with the fiscal quarter ended April 30October 31, 19972001, and in accordance with Section 1.4, of (i) Total Debt to (ii) EBITDA for the four fiscal quarters of the Borrower then ended to be greater than the ratio of 3.00 to 1.00."

Appears in 1 contract

Samples: Credit Agreement (Dynamex Inc)

Maximum Ratio of Total Debt to EBITDA. The Borrower and its consolidated Subsidiaries will not permit the ratio, calculated as of the end of each fiscal quarter of the Borrower commencing with the fiscal quarter ended April 30, 1997, and in accordance with Section 1.4, of (i) Total Debt to (ii) EBITDA for the four fiscal quarters of the Borrower then ended to be greater than (a) 2.25 to 1.00 at the ratio end of 3.00 any fiscal quarter of the Borrower up to 1.00and including July 31, 2003 and (b) 2.00 to 1.00 at the end of any fiscal quarter of the Borrower thereafter."

Appears in 1 contract

Samples: Credit Agreement (Dynamex Inc)

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Maximum Ratio of Total Debt to EBITDA. The Borrower and its consolidated Subsidiaries will not permit the rationot, calculated as of the end last day of each any fiscal quarter quarter, permit its ratio of the Borrower commencing with the fiscal quarter ended April 30, 1997, and in accordance with Section 1.4, of (i) Total Debt as of such date to (ii) EBITDA for the period of four consecutive fiscal quarters of the Borrower then ended ending on such date to be greater than the ratio of 3.00 4.00 to 1.00."”

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

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