Ratio of Consolidated Total Debt to Consolidated EBITDA. (a) American Ski and its Restricted Subsidiaries shall maintain as of the end of each fiscal quarter, commencing with 2000 Fiscal Quarter 2, a ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four-quarter period ending on such date of not more than the following levels as of the fiscal quarters indicated: Fiscal Quarter Ratio Fiscal Quarter Ratio 2000 Quarter 2 5.75-to-1.00 2002 Quarter 1 5.00-to-1.00 2000 Quarter 3 5.75-to-1.00 2002 Quarter 2 5.00-to-1.00 2000 Quarter 4 5.75-to-1.00 2002 Quarter 3 4.50-to-1.00 2001 Quarter 1 5.75-to-1.00 2002 Quarter 4 4.50-to-1.00 2001 Quarter 2 5.50-to-1.00 2003 Quarter 1 4.50-to-1.00 2001 Quarter 3 5.00-to-1.00 2003 Quarter 2 4.50-to-1.00 2001 Quarter 4 5.00-to-1.00 2003 Quarter 3 4.00-to-1.00 and Thereafter
(b) Until the Subordinated Notes Release Date, ASC East and its Restricted Subsidiaries shall maintain as of the end of each fiscal quarter, commencing with 2000 Fiscal Quarter 2, a ratio of (i) ASC East Consolidated Total Debt as of such date to (ii) ASC East Consolidated EBITDA for the four-quarter period ending on such date of not more than the following levels as of the fiscal quarters indicated: Fiscal Quarter Ratio Fiscal Quarter Ratio 2000 Quarter 2 5.75-to-1.00 2002 Quarter 1 5.00-to-1.00 2000 Quarter 3 5.75-to-1.00 2002 Quarter 2 5.00-to-1.00 2000 Quarter 4 5.75-to-1.00 2002 Quarter 3 4.50-to-1.00 2001 Quarter 1 5.75-to-1.00 2002 Quarter 4 4.50-to-1.00 2001 Quarter 2 5.50-to-1.00 2003 Quarter 1 4.50-to-1.00 2001 Quarter 3 5.00-to-1.00 2003 Quarter 2 4.50-to-1.00 2001 Quarter 4 5.00-to-1.00 2003 Quarter 3 4.00-to-1.00 and Thereafter
Ratio of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of (i) Consolidated Total Debt of Holdings on the last day of any fiscal quarter to (ii) Consolidated EBITDA of Holdings for the period of four consecutive fiscal quarters ending on such day to exceed 3.25 to 1.00.
Ratio of Consolidated Total Debt to Consolidated EBITDA. The Borrowers shall not permit the ratio of (a) the amount of Consolidated Total Debt as of the end of any Testing Period (commencing with the Testing Period ending September 30, 2004) to (b) Consolidated EBITDA for such Testing Period to exceed 3.25 to 1.00.
Ratio of Consolidated Total Debt to Consolidated EBITDA. Commencing with, and as of the last day of, the fiscal quarter of the Company ending on June 30, 2014 , the Company will not permit its ratio of (i) Consolidated Total Debt as of the last day of any fiscal quarter to (ii) Consolidated EBITDA (for, and as of the last day of, the twelve (12) month period ending on the last day of the fiscal quarter ending immediately preceding the date of determination) to be greater than the ratio set forth below opposite such fiscal quarter: June 30, 2014 3.75 to 1.00 September 30, 2014 3.75 to 1.00 December 31, 2014 3.75 to 1.00 March 31, 2015 3.50 to 1.00 June 30, 2015 3.50 to 1.00 September 30, 2015 3.25 to 1.00 December 31, 2015 3.25 to 1.00 March 31, 2016 and each Fiscal Quarter ending thereafter 3.00 to 1.00 provided that for the purposes of this Section 11.1(a), for the last day of each fiscal quarter of the Company commencing with the first fiscal quarter of operations for the Company and ending with the third fiscal quarter of operations for the Company, Consolidated EBITDA for the relevant period shall be deemed to equal Consolidated EBITDA for such fiscal quarter multiplied by 4, 2, and 4/3, respectively. For the purposes of this Section 11.1(a), for the first four fiscal quarters ending after the Closing Date, Transaction Fees, to the extent such Transaction Fees were deducted from Consolidated Net Income for such fiscal quarter, shall be added to the calculation of Consolidated EBITDA for such fiscal quarter.
Ratio of Consolidated Total Debt to Consolidated EBITDA. American Ski and its Restricted Subsidiaries shall maintain as of the end of each fiscal quarter, commencing with 2001 fiscal quarter 3, a ratio of (a) Consolidated Total Debt as of such date to (b) Consolidated EBITDA for the four-quarter period ending on such date of not more than the following levels as of the fiscal quarters indicated: Fiscal Quarter Ratio Fiscal Quarter Ratio 2001 Quarter 3 5.50-to-1.00 2003 Quarter 1 5.00-to-1.00 2001 Quarter 4 5.50-to-1.00 2003 Quarter 2 5.00-to-1.00 2002 Quarter 1 5.50-to-1.00 2003 Quarter 3 4.50-to-1.00 2002 Quarter 2 5.50-to-1.00 2003 Quarter 4 4.50-to-1.00 2002 Quarter 3 5.00-to-1.00 2004 Quarter 1 4.50-to-1.00 2002 Quarter 4 5.00-to-1.00 2004 Quarter 2 4.50-to-1.00 2004 Quarter 3 4.00-to-1.00 and Thereafter
Ratio of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of Consolidated Total Debt to Consolidated EBITDA for the twelve month period ending on the last day of the most recent fiscal quarter of TMP to exceed 2.00 to 1.00 at any time; provided that for the purposes of this Section 8.1(a), Consolidated EBITDA for the twelve month period ending on the last day of the fiscal quarters of TMP ended on June 30, 2003, September 30, 2003 and December 31, 2003 shall be calculated as follows: (i) for the fiscal quarter ending on June 30, 2003, Consolidated EBITDA shall be equal to four times Consolidated EBITDA for the three month period ending on the last day of such fiscal quarter, (ii) for the fiscal quarter ending on September 30, 2003, Consolidated EBITDA shall be equal to two times Consolidated EBITDA for the six month period ending on the last day of such fiscal quarter and (iii) for the fiscal quarter ending on December 31, 2003, Consolidated EBITDA shall be equal to 1.3333 times Consolidated EBITDA for the nine month period ending on the last day of such fiscal quarter.
Ratio of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of (i) Consolidated Total Debt outstanding on any of the dates set forth below to (ii) Consolidated EBITDA for the period of four consecutive quarters ending on such date to exceed the ratio set forth opposite such date: DATE RATIO ------- --------- 3/31/00 6.0 to 1 6/30/00 and each quarter end until Maturity Date 6.0 to 1
Ratio of Consolidated Total Debt to Consolidated EBITDA of the Credit Agreement is hereby amended by deleting the chart in said section and inserting in lieu thereof the following: "Fiscal Quarter Ratio 2002 Quarter 4 8.50:1.00 2003 Quarter 1 8.25:1.00 2003 Quarter 2 7.25:1.00 2003 Quarter 3 5.75:1.00 2003 Quarter 4 5.75:1.00 2004 Quarter 1 5.75:1.00 2004 Quarter 2 5.75:1.00 2004 Quarter 3 and Thereafter 5.50:1.00".
Ratio of Consolidated Total Debt to Consolidated EBITDA. At the end of each Fiscal Quarter, the ratio of Consolidated Total Debt as at the end of such Fiscal Quarter to Consolidated EBITDA for the period of 4 consecutive Fiscal Quarters then ended shall not exceed 3.0 to 1.0.
Ratio of Consolidated Total Debt to Consolidated EBITDA. A. Consolidated Total Debt $__________ (from attached Schedule 1)
B. Consolidated EBITDA $__________ (from attached Schedule 4)
C. Ratio of A to B ____ to 1.0
D. If the ratio listed in C is less than or equal to 3.0 to 1.0, check Yes, if not check No. Yes (Compliance) ___ No (Non-Compliance) ___
