Ratio of Consolidated Debt to Consolidated EBITDA. The ratio of Consolidated Debt at any date to Consolidated EBITDA for the period of four consecutive Fiscal Quarters ended on or most recently prior to such date will not exceed the ratio of 3.50 to 1.00.
Appears in 6 contracts
Samples: Credit Agreement (Valspar Corp), Credit Agreement (Valspar Corp), Credit Agreement (Valspar Corp)
Ratio of Consolidated Debt to Consolidated EBITDA. The ratio of Consolidated Debt at any date to Consolidated EBITDA for the period of four 4 consecutive Fiscal Quarters ended on or most recently prior to such date ended will not at any time exceed the ratio of 3.50 to 1.00.
Appears in 3 contracts
Samples: Credit Agreement (Valspar Corp), Credit Agreement (Valspar Corp), Credit Agreement (Valspar Corp)
Ratio of Consolidated Debt to Consolidated EBITDA. The ratio of Consolidated Debt at any date to Consolidated EBITDA for the period of four consecutive Fiscal Quarters ended on or most recently prior to such date will not exceed the ratio of 3.50 to 1.003:1.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Valspar Corp), 364 Day Revolving Credit Agreement (Valspar Corp)
Ratio of Consolidated Debt to Consolidated EBITDA. The ratio of Consolidated Debt at any date to Consolidated EBITDA for the period of four consecutive Fiscal Quarters ended on or most recently prior to such date will not exceed the ratio set forth opposite such period: Period Ratio ------ ----- Effective Date through first anniversary of 4.75 to 1.00 Effective Date Day after first anniversary of Effective Date 3.50 to 1.00 through second anniversary of Effective Date Day after second anniversary of Effective Date 3.25 to 1.00 through third anniversary of Effective Date Thereafter 3.00 to 1.00.
Appears in 1 contract