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.
Appears in 2 contracts
Samples: Credit Agreement (American Standard Companies Inc), 364 Day Credit Agreement (American Standard Companies Inc)
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 ending during any period set forth below to (ii) Consolidated EBITDA of Holdings as of the end of and for the any period of four consecutive fiscal quarters ending on such day during any period set forth below to exceed 3.25 the ratio indicated below with respect to 1.00.such period. Closing Date through 12/31/02 3.0:1.0 1/1/03 through Maturity Date 2.75:1.0
Appears in 2 contracts
Samples: 364 Day Credit Agreement (American Standard Companies Inc), Five Year Credit Agreement (American Standard Companies Inc)
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 3.00 to 1.00.
Appears in 1 contract
