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

Maximum Total Debt to EBITDA Ratio. The Company shall not permit the Total Debt to EBITDA Ratio to be greater than (i 3.85 at any time prior to the earlier of (A April 1, 2000 and (B the consummation of the PCA IPO, and (ii 3.5 to 1 at any time thereafter.

Appears in 2 contracts

Samples: Long Term Credit Agreement (Tenneco Packaging Inc), Term Credit Agreement (Tenneco Packaging Inc)

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Maximum Total Debt to EBITDA Ratio. The Company shall not permit the Total Debt to EBITDA Ratio to be greater than (i i) 3.85 at any time prior to the earlier of (A A) April 1, 2000 and (B B) the consummation of the PCA IPO, and (ii ii) 3.5 to 1 at any time thereafter.

Appears in 1 contract

Samples: Term Loan Agreement (Pactiv Corp)

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Maximum Total Debt to EBITDA Ratio. The Company Lessee shall not at any time permit the Total Debt to EBITDA Ratio to be greater than (i a) 3.85 to 1 at any time prior to the earlier of (A i) April 1, 2000 and (B ii) the consummation of the PCA IPO, initial public offering and (ii b) 3.5 to 1 at any time thereafter.

Appears in 1 contract

Samples: Participation Agreement (Pactiv Corp)

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