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 set forth below for the applicable fiscal quarter end: Fiscal Quarter Ended Maximum Ratio -------------------- ------------- April 30, 1997, July 31, 1997, October 31, 1997, January 31, 1998 and April 30, 1998 3.25 to 1.00 July 31, 1998 and October 31, 1998 3.00 to 1.00 January 31, 1999 3.25 to 1.00 April 30, 1999 3.50 to 1.00 July 31, 1999 3.75 to 1.00 October 31, 1999 3.60 to 1.00 January 31, 2000 3.10 to 1.00 April 30, 2000 and each fiscal quarter end 3.00 to 1.00" 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 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 set forth below for the applicable fiscal quarter end: Fiscal Quarter Ended Maximum Ratio -------------------- ------------- April 30, 1997, July 31, 1997, October 31, 1997, January 31, 1998 and April 30, 1998 3.25 to 1.00 July 31, 1998 and October 31, 1998 3.00 to 1.00 January 31, 1999 3.25 to 1.00 April 30, 1999 3.50 to 1.00 July 31, 1999 3.75 to 1.00 October 31, 1999 3.60 to 1.00 January 31, 2000 3.10 to 1.00 April 30, 2000 3.00 to 1.00 July 31, 2000, October 31, 2000, January 31, 2001 3.50 to 1.00 and April 30, 2001 July 31, 2001 and each fiscal quarter end 3.00 3.25 to 1.00" thereafter

Appears in 1 contract

Samples: Credit Agreement and Conditional Waiver 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 the ratio set forth below for the applicable fiscal quarter end: -------------------------------------------------------- Fiscal Quarter Ended Maximum Ratio -------------------- ------------- -------------------------------------------------------- April 30, 1997, July 31, 1997, October 31, 1997, January 31, 1998 and April 30, 1998 3.25 to 1.00 July 31, 1998 and October 31, 1998 3.00 to 1.00 January 31, 1999 3.25 to 1.00 April 30, 1999 3.50 to 1.00 1998 -------------------------------------------------------- July 31, 1999 3.75 to 1.00 October 31, 1999 3.60 to 1.00 January 31, 2000 3.10 to 1.00 April 30, 2000 1998 and each fiscal quarter end 3.00 to 1.00" thereafter1.00 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 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 set forth below for the applicable fiscal quarter end: Fiscal Quarter Ended Maximum Ratio -------------------- ------------- ---------------------------------------------------- ---------------------- April 30, 1997, July 31, 1997, October 31, 1997, January 31, 1998 and April 30, 1998 3.25 to 1.00 July 31, 1998 and October 31, 1998 3.00 to 1.00 January 31, 1999 3.25 to 1.00 April 30, 1999 3.50 to 1.00 July 31, 1999 3.75 to 1.00 October 31, 1999 3.60 to 1.00 January 31, 2000 3.10 to 1.00 April 30, 2000 and each fiscal quarter end 3.00 to 1.00" 1.00 thereafter

Appears in 1 contract

Samples: Credit Agreement (Dynamex Inc)

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