Maximum Senior Funded Debt to EBITDA Ratio Sample Clauses

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 month period then ended of less than the following: Period Ratio September 30, 2016 4.25 : 1.00 December 31, 2016 4.00 : 1.00 March 31, 2017 4.00 : 1.00 June 30, 2017 4.00 : 1.00 September 30, 2017 4.00 : 1.00 December 31, 2017 3.75 : 1.00 February 28, 2018 and thereafter 3.00 : 1.00” ARTICLE 2
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Maximum Senior Funded Debt to EBITDA Ratio. Clause (b) of Annex G to the Credit Agreement is amended and restated in its entirety as set forth below: “
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Maximum Senior Funded Debt to EBITDA Ratio. The Borrower shall not permit the Maximum Senior Funded Debt to EBITDA Ratio to exceed 4.0:1.0 as determined at the end of each fiscal quarter, commencing December 31, 1998, calculated for the four quarters then ended.
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Maximum Senior Funded Debt to EBITDA Ratio. As at the last day of each fiscal quarter, commencing with the fiscal quarter ending September 30, 1999, the Borrower's Senior Funded Debt to EBITDA Ratio shall not exceed 2.50:1.00, computed on a rolling four-quarter basis, based on information contained in the Borrower's current financial statements and its financial statements for the preceding three quarters." g. Section 5.18(g), contained in Annex VI attached to the Letter of Credit Agreement, is hereby deleted and, in lieu thereof, there is substituted the following:
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Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Year set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Year and for the 12-month period then ended of less than the following:
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Maximum Senior 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 Senior Funded Debt to EBITDA, of not more than 4.0 to 1.0, provided, however, that this ratio shall be reduced to not more than 3.0 to 1.0 commencing on March 31, 1999 and shall be reduced to not more than 2.5 to 1.0 commencing on March 31, 2000.
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Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Year set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Year and for the 12-month period then ended of less than the following: ,(b) adding the following sentence at the end of paragraph (d) thereof: For purposes of determining compliance with this paragraph (d), the calculation of Capital Expenditures shall exclude the costs of (i) the purchase and installation of the Michipicoten Engines and (ii) all other capital equipment purchased with the proceeds of the Additional Cdn. Term Loan (as defined in the Third Amendment) as set forth on Annex A to the Third Amendment. and (c) deleting paragraph (e) thereof in its entirety and replacing it with the following:
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Maximum Senior Funded Debt to EBITDA Ratio. Maintain at all times a maximum Senior Funded Debt to EBITDA Ratio of 3.0 to 1.0, reported on a revised rolling four quarter basis commencing with the quarter ending March 31, 2010. The compliance of such covenant will be tested on March 31, 2010, June 30, 2010 and September 30, 2010 on a revised EBITDA basis, with an officer salary cap of $260,000 and all distributions limited to 40% of Net Income for all quarters calculated in 2009. Commencing December 31, 2010, such covenant will be tested on a rolling four quarter basis according to GAAP.
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Maximum Senior Funded Debt to EBITDA Ratio. The ratio of Borrower'
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Related to Maximum Senior Funded Debt to EBITDA Ratio

  • Funded Debt to EBITDA Ratio To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 2.0:1.0.

  • 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.

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

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • Funded Debt Ratio Permit the Funded Debt Ratio, as of the last day of any Fiscal Quarter, to be greater than the ratio set forth below opposite such Fiscal Quarter or the period during which such Fiscal Quarter ends: Period/Fiscal Quarter Maximum Ratio December 31, 2002 3.50:1.00 March 31, 2003 2.60:1.00 June 30, 2003 2.50:1.00 September 30, 2003 2.00:1.00 December 31, 2003 through March 31, 2004 1.75:1.00 April 1, 2004 through December 31, 2004 1.50:1.00

  • Maximum Total Leverage Ratio The Borrower shall maintain, on the last day of each fiscal quarter set forth below, a Total Leverage Ratio of not more than the maximum ratio set forth below opposite such fiscal quarter: October 31, 2007, January 31, 2008, April 30, 2008, July 31, 2008, October 31, 2008 and January 31, 2009 4.7 to 1 April 30, 2009, July 31, 2009, October 31, 2009 and January 31, 2010 4.2 to 1 April 30, 2010 and each fiscal quarter thereafter 4.0 to 1

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Total Debt The total Debt of all Consolidated Subsidiaries of the Borrower, excluding the Debt, if any, owed by such Consolidated Subsidiaries to the Borrower or another Consolidated Subsidiary of the Borrower, will at no time exceed an amount equal to $500,000,000 (or the Exchange Equivalent thereof).

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

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