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.
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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. 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
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. 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

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 Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • 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.

  • 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 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

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • 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

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

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