Ratio of Consolidated Total Funded Debt to Consolidated EBITDA. The Borrower and its Subsidiaries will maintain at all times a ratio of Consolidated Total Funded Debt to Consolidated EBITDA of not greater than 2.5 to 1.0. Borrower’s compliance with this ratio shall be measured at the end of each fiscal quarter of Borrower, and calculated for such quarter and the three preceding fiscal quarters taken as a whole.
Ratio of Consolidated Total Funded Debt to Consolidated EBITDA. Tweeter and its Subsidiaries shall not permit the ratio of Consolidated Total Funded Debt, as of the end of any fiscal quarter, to Consolidated EBITDA for the four-quarter period ending on such date, commencing with the quarter ending June 30, 1998, to be greater than (a) 3.50-to- 1.00 through September 29, 1999, (b) 3.25-to-1.00 from September 30, 1999 through September 29, 2000, and (c) 3.00-to-1.00 thereafter.
Ratio of Consolidated Total Funded Debt to Consolidated EBITDA. Permit the ratio of Consolidated Total Funded Debt to Consolidated EBITDA for the twelve month period ending on the last day of the most recent fiscal quarter of Monster Worldwide to exceed 2.00 to 1.00 at any time; provided that, the historic EBITDA for the period of calculation for any Person acquired by the Borrowers or any of their Subsidiaries that constitutes a Permitted Acquisition shall be included in the definition of Consolidated EBITDA for purposes of this Section 8.1(a).
Ratio of Consolidated Total Funded Debt to Consolidated EBITDA. As of the end of each fiscal quarter of the Borrower specified in the table below, the Borrower and its Subsidiaries shall maintain on a consolidated basis a ratio of Consolidated Total Funded Debt to Consolidated EBITDA that does not exceed the applicable Required Threshold set forth below; provided however, that if during any fiscal quarter the Borrower consummates one or more Acquisitions permitted herein that in the aggregate equals or exceeds $50,000,000, then and in such event the Required Threshold for such fiscal quarter and the following two fiscal quarters shall be increased to the applicable Post-Acquisition Required Threshold set forth below: Period Required Threshold Post-Acquisition Required Threshold Fiscal Quarters ending prior to August 31, 2007 4.00:1.00 4.50:1.00 Fiscal Quarters ending on August 31, 2007, November 30, 2007, February 29, 2008 and May 31, 2008 3.75:1.00 4.25:1.00 Fiscal Quarters ending on August 31, 2008, November 30, 2008, December 31, 2008 and March 31, 2009 3.50:1.00 4.00:1.00 Fiscal Quarters ending on June 30, 2009 and thereafter 3.00:1.00 3.50:1.00 The Borrower’s compliance with this requirement shall be calculated on a rolling four-quarter basis, measured on the last day of each fiscal quarter. Consolidated EBITDA shall include the Consolidated EBITDA on a Pro Forma Basis of the Person(s) acquired in such Acquisition(s) (including but not limited to Axia), subsequent to the date(s) of such Acquisition(s) for a period not to exceed four fiscal quarters so long as the calculation thereof is done in a manner reasonably calculated to be consistent with GAAP and such calculation is set forth in the supporting calculations to a covenant compliance certificate as detailed and measured to the Administrative Agent's reasonable satisfaction. Pursuant to Section 1.5 of this Agreement and for the avoidance of doubt, all references in this Section 6.1 (and the defined terms used herein) to any rolling four-quarter period of the Borrower ending December 31, 2008, March 31, 2009, June 30, 2009 and September 30, 2009 shall be deemed to refer to the twelve-month period ending on such date.
Ratio of Consolidated Total Funded Debt to Consolidated EBITDA. As of the end of each fiscal quarter ending during a period specified in the table below, the Borrower and its Subsidiaries shall maintain on a consolidated basis a ratio of Consolidated Total Funded Debt to Consolidated EBITDA that does not exceed the applicable Required Threshold set forth below; provided however, that if during any fiscal quarter the Borrower consummates one or more Acquisitions permitted herein that in the aggregate equals or exceeds $50,000,000, then and in such event the Required Threshold for such fiscal quarter and the following two fiscal quarters shall be increased to the applicable Post-Acquisition Required Threshold set forth below: Period Required Threshold Post-Acquisition Required Threshold Prior to August 31, 2007 4.00:1.00 4.50:1.00 August 31, 2007 – May 31, 2008 3.75:1.00 4.25:1.00 August 31, 2008 – May 31, 2009 3.50:1.00 4.00:1.00
3.50:1. 00
Ratio of Consolidated Total Funded Debt to Consolidated EBITDA. Tweeter and its Subsidiaries shall not permit the ratio of Consolidated Total Funded Debt, as of the end of any fiscal quarter, to Consolidated EBITDA for the four-quarter period ending on such date, commencing with the quarter ending June 30, 2001, to be greater than 3.00-to-1.00.
Ratio of Consolidated Total Funded Debt to Consolidated EBITDA. The ratio of Consolidated Total Funded Debt to Consolidated EBITDA will not at any time exceed 3.5 to 1.0.
Ratio of Consolidated Total Funded Debt to Consolidated EBITDA. USHG and the Company shall not permit the Corporations' ratio of Consolidated Total Funded Debt to Consolidated EBITDA for the most recent four quarter period for which Financial Statements have been delivered pursuant to Sections 6.1(b) and 6.1(c) of the Purchase Agreement to be greater than: Quarter Ended Maximum Ratio ------------- ------------- December 2001 13.50 March 2002 11.25 June 2002 9.00 September 2002 8.00 December 2002 8.25 March 2003 9.75 June 2003 7.50 September 2003 7.00 December 2003 7.25 March 2004 8.50 June 2004 7.00 September 2004 6.50 December 2004 6.75 March 2005 8.50 June 2005 7.00 September 2005 6.50 December 2005 6.75 March 2006 8.50 June 2006 7.00 September 2006 6.50 December 2006 6.75 March 2007 8.50 June 2007 7.00 September 2007 6.50
Ratio of Consolidated Total Funded Debt to Consolidated EBITDA. As of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ended March 31, 2010, the Borrower and its Subsidiaries shall maintain on a consolidated basis a ratio of Consolidated Total Funded Debt to Consolidated EBITDA that is not greater than 3.50:1.00 (the “Required Threshold”); provided however, that if during any Fiscal Quarter the Borrower consummates one or more Acquisitions permitted herein that in the aggregate equals or exceeds $50,000,000, then and in such event the Required Threshold for such Fiscal Quarter and the following two Fiscal Quarters shall be increased to 4.00:1.00 (the “Post-Acquisition Required Threshold”). The Borrower’s compliance with this requirement shall be calculated on a rolling four-quarter basis, measured on the last day of each Fiscal Quarter. Consolidated EBITDA shall include the Consolidated EBITDA on a Pro Forma Basis of the Person(s) acquired in such Acquisition(s), subsequent to the date(s) of such Acquisition(s) for a period not to exceed four Fiscal Quarters so long as the calculation thereof is done in a manner reasonably calculated to be consistent with GAAP and such calculation is set forth in the supporting calculations to a covenant compliance certificate as detailed and measured to the Administrative Agent's reasonable satisfaction.
Ratio of Consolidated Total Funded Debt to Consolidated EBITDA. Indebtedness relating to the borrowing of money or the obtaining of credit, including the issuance of notes, bonds, debentures or similar debt instruments $____________
