Net Debt to EBITDA Ratio. WWI will not permit the Net Debt to EBITDA Ratio as of the end of any Fiscal Quarter to be greater than 3.50 to 1.00.
Net Debt to EBITDA Ratio. The Group shall maintain a Net Debt to EBITDA ratio of maximum 6.5:1. These financial covenants shall apply at all times, but be tested and reported on each Quarter Date.
Net Debt to EBITDA Ratio. The Parent will not permit the Net Debt to EBITDA Ratio on the last day of each fiscal quarter to be greater than the ratio set forth opposite such fiscal quarter; provided that in the event that a Non-Recourse Default has occurred and is continuing, this Section 9.08 shall be complied with both (x) including such Non-Recourse Subsidiary as a Subsidiary of the Parent and (y) excluding such Non-Recourse Subsidiary as a Subsidiary of the Parent: FISCAL QUARTER ENDING NET DEBT TO EBITDA RATIO On the last day of each fiscal quarter from the Fourth Amendment Effective Date to and including September 30, 2011 8.75 to 1.00 December 31, 2011 and on the last day of each fiscal quarter thereafter 5.50 to 1.00
Net Debt to EBITDA Ratio. The Loan Parties shall not permit the Net Debt to EBITDA Ratio, as of the last day of any Test Period ending after the Agreement Date (commencing with the Fiscal Quarter ending June 30, 2021), to be greater than [***].
Net Debt to EBITDA Ratio. The Company will maintain as of the end of each of its fiscal quarters a ratio of Consolidated Funded Net Debt to Consolidated EBITDA of not greater than (a) 4.75 to 1.00 on a four quarter rolling basis at each quarter end through the quarter ended February 26, 2023 and (b) 4.50:1.00 on a four quarter rolling basis at each quarter end commencing with the quarter ended May 28, 2023, provided that, commencing with the quarter ended May 28, 2023, such ratio shall be increased with respect to any fiscal quarter for which the Company delivered to the Administrative Agent notice of the closing date of a Material Acquisition (an “Acquisition Notice”) to 4.75:1.00 for four consecutive fiscal quarters following such Acquisition Notice (provided there shall be at least two fiscal quarters for which such ratio is not greater than 4.50:1.00 before the Company may deliver a subsequent Acquisition Notice).
Net Debt to EBITDA Ratio. As of the last day of any calendar quarter, the ratio of (i) the aggregate Net Debt of the Guarantors as of such day to (ii) the aggregate Adjusted EBITDA of the Guarantors for such quarter after cash capital and financing lease payments, Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. calculated on a consistent basis and consistently with Brookdale’s calculation of such ratio for the calendar quarter immediately preceding the Commencement Date as set forth in its supplemental disclosure to the SEC for such quarter.
Net Debt to EBITDA Ratio. The Parent will not permit the Net Debt to EBITDA Ratio on the last day of each fiscal quarter to be greater than the ratio set forth opposite such fiscal quarter; provided that, in addition to the covenant set forth above, in the event that a Non-Recourse Default has occurred and is continuing, the Non-Recourse Subsidiary that is subject to such Non-Recourse Default shall also be deemed not to be a Subsidiary for the purpose hereof: FISCAL QUARTER ENDING NET DEBT TO EBITDA RATIO December 31, 2010 6.00 to 1 March 31, 2011 6.00 to 1 June 30, 2011 6.00 to 1 September 30, 2011 6.00 to 1
Net Debt to EBITDA Ratio. The Loan Parties shall not permit the Net Debt to EBITDA Ratio to be greater than [***] as of the last day of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2020; provided that for purposes of this subsection (b): (i) for the fiscal quarter ending June 30, 2020, the EBITDA shall be an amount equal to [***] times the EBITDA for the fiscal quarter ending June 30, 2020; (ii) for the fiscal quarter ending September 30, 2020, the EBITDA shall be an amount equal to [***] times the sum of the EBITDA for the fiscal quarters ending June 30, 2020 and September 30, 2020; and (iii) for the fiscal quarter ending December 31, 2020, the EBITDA shall be an amount equal to [***] times the average EBITDA for the fiscal quarters ending June 30, 2020, September 30, 2020 and December 31, 2020.
Net Debt to EBITDA Ratio. The Loan Parties shall not permit the Net Debt to EBITDA Ratio to be greater than [Ratios Redacted – Commercially Sensitive Information] as of the last day of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2020; provided that for purposes of this subsection (b): (i) for the fiscal quarter ending June 30, 2020, the EBITDA shall be an amount equal to [Ratios Redacted – Commercially Sensitive Information] times the EBITDA for the fiscal quarter ending June 30, 2020; (ii) for the fiscal quarter ending September 30, 2020, the EBITDA shall be an amount equal to [Ratios Redacted – Commercially Sensitive Information] times the sum of the EBITDA for the fiscal quarters ending June 30, 2020 and September 30, 2020; and (iii) for the fiscal quarter ending December 31, 2020, the EBITDA shall be an amount equal to [Ratios Redacted – Commercially Sensitive Information] times the average EBITDA for the fiscal quarters ending June 30, 2020, September 30, 2020 and December 31, 2020.
Net Debt to EBITDA Ratio. The Net Debt to EBITDA Ratio shall not be greater than (a) 5.0 to 1.0 as of the end of any Fiscal Quarter ending on or before December 31, 1997; (b) 4.5 to 1.0 as of the end of any Fiscal Quarter ending on or before December 31, 1998, (c) 3.5 to 1.0 as of the end of any Fiscal Quarter ending on or before December 31, 1999; and (d) 3.0 to 1.0 as of the end of any Fiscal Quarter ending thereafter.
