Minimum EBITDA; Maximum Leverage Sample Clauses

Minimum EBITDA; Maximum Leverage. Required Purchasers shall be satisfied, based on financial statements (actual and pro forma), projections and other evidence provided by the Issuer, or requested by Required Purchasers, that (i) the Consolidated EBITDA of the Issuer and the Acquired Company for the four Fiscal Quarter period ended September 30, 2009, shall be no less than $32,000,000, (ii) the Consolidated Total Leverage Ratio of the Issuer on the Closing Date, after giving effect to the issuance of the Notes hereunder and the Related Transactions, shall not exceed 4.00 to 1.00 and (iii) the Consolidated Senior Leverage Ratio of the Issuer on the Closing Date after giving effect to the issuance of the Notes hereunder and the Related Transactions, shall not exceed 1.25 to 1.00.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Minimum EBITDA; Maximum Leverage. The Consolidated EBITDA of the Borrower and the Acquired Company for the four fiscal quarter period ended September 30, 2009, shall be no less than $32,000,000. The Consolidated Total Leverage Ratio of the Borrower on the Closing Date, after giving effect to the initial funding of Loans hereunder and other transactions contemplated herein, shall not exceed 4.00 to 1.00 and the Consolidated Senior Leverage Ratio of the Borrower on the Closing Date after giving effect to the initial funding of the Loans contemplated hereunder and the other transactions contemplated herein shall not exceed 1.25 to 1.00.
Sample 1
Minimum EBITDA; Maximum Leverage. The consolidated adjusted EBITDA (with adjustments for Borrower for loss on disposal of capital assets of $133,000 and severance costs of $719,000 and adjustments for the Acquired Company for impairment loss of $752,000, one-time termination benefits of $2,941,000, consulting fees of $1,128,000, rebate error of $456,000 and non-recurring legal costs of $1,051,000) of Parent and the Acquired Company for the twelve fiscal month period most recently ended prior to the Closing Date shall be no less than $28.0 million. The Consolidated Leverage Ratio of Parent and Acquired Company on the Closing Date after giving effect to the initial borrowing under the Facilities and the other transactions described herein shall not exceed 1.80 to 1.00.
Sample 1
Minimum EBITDA; Maximum Leverage. The Consolidated EBITDA of TPR for the four fiscal quarter period ended March 31, 2010, shall be no less than $32,000,000. The Consolidated Total Leverage Ratio of TPR (using Consolidated EBITDA for the four Fiscal Quarter period ended March 31, 2010) on the Closing Date, after giving effect to the initial funding of Loans hereunder and other transactions contemplated herein, shall not exceed 3.50 to 1.00 and the Consolidated Senior Leverage Ratio of TPR (using Consolidated EBITDA for the four Fiscal Quarter period ended March 31, 2010) on the Closing Date after giving effect to the initial funding of the Loans contemplated hereunder and the other transactions contemplated herein shall not exceed 2.00 to 1.00.
Sample 1
Minimum EBITDA; Maximum Leverage. EBITDA of Borrower for the twelve month period most recently ended prior to the Third Restatement Effective Date for which financial statements have been delivered pursuant to Section 7.1(c) shall be no less than $17,500,000. The ratio of Net Total Debt on the Third Restatement Effective Date to EBITDA for the twelve month period most recently ended prior to the Third Restatement Effective Date for which financial statements have been delivered pursuant to Section 7.1(c) after giving effect to the initial funding of the Loans and the other transactions contemplated by the Operative Documents, but disregarding any borrowings under the Revolving Facility to finance the payment of any upfront fee specified in the Fee Letter shall not exceed 5.00 to 1.00 and the ratio of Net Senior Debt on the Third Restatement Effective Date to EBITDA for the twelve month period most recently ended prior to the Third Restatement Effective Date for which financial statements have been delivered pursuant to Section 7.1(c) after giving effect to the initial funding of the Loans and the other transactions contemplated by the Operative Documents, but disregarding any borrowings under the Revolving Facility to finance the payment of any upfront fee specified in the Fee Letter shall not exceed 3.00 to 1.00.
Sample 1

Related to Minimum EBITDA; Maximum Leverage

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: Fiscal Quarter Ending Ratio on or prior to December 31, 2008 6.50 to 1.0 thereafter but on or prior to December 31, 2010 6.00 to 1.0 after December 31, 2010 5.50 to 1.0

  • Maximum Senior Leverage Ratio Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of not more than the following:

  • Total Net Leverage Ratio The Borrower will not permit the Total Net Leverage Ratio as of the end of any Fiscal Quarter to exceed 3.50 to 1.00.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

Time is Money Join Law Insider Premium to draft better contracts faster.