Ratio of EBITDA to Interest Expense. The Borrower shall not permit the ratio of (i) EBITDA of the Borrower and its Subsidiaries for the most recent period of four consecutive fiscal quarters then ended to (ii) Interest Expense of the Borrower and its Subsidiaries for such period, to be less than 1.75 to 1.00.
Ratio of EBITDA to Interest Expense. The Parent shall not permit the ratio of EBITDA of the Parent and its Consolidated Subsidiaries for the four fiscal-quarter period most recently ended to Interest Expense of the Parent and its Consolidated Subsidiaries for such four-quarter period to be less than 2.0 to 1.0 at the end of each fiscal quarter.
Ratio of EBITDA to Interest Expense. The Borrower will not, as of the last day of any fiscal quarter permit the ratio of EBITDA for the Borrower and its Consolidated Restricted Subsidiaries for the period of four fiscal quarters then ending to Interest Expense for such period to be less than (i) 2.00 to 1.00 for any fiscal quarter ending during the period including December 31, 2015 through and including December 31, 2016, (ii) 2.25 to 1.00 for the fiscal quarters ending on March 31, 2017 and June 30, 2017 and (iii) 2.50 to 1.00 for any fiscal quarter thereafter.
Ratio of EBITDA to Interest Expense. Permit the ratio of (i) EBITDA of Parent, Borrower and the Subsidiaries determined on a consolidated basis for the four (4) fiscal quarters most recently ending to (ii) Interest Expense of Parent and its Subsidiaries determined on a consolidated basis for such period, to be less than 1.750 to 1.00. This shall be measured quarterly.
Ratio of EBITDA to Interest Expense. The Borrower will not, as of any date of determination, permit its ratio of EBITDA for the most recent fiscal quarter for which financial statements are available to Interest Expense for such period to be less than 2.5 to 1.0.
Ratio of EBITDA to Interest Expense. The Borrower will not, as of the last day of any fiscal quarter, permit its ratio of EBITDA for the fiscal quarter then ending to Interest Expense for such fiscal quarter to be less than 2.5 to 1.0; provided that (i) for the period ending June 30, 2005, EBITDA and Interest Expense shall be EBITDA and Interest Expense of the Borrower for the six-month period ending on such date, (ii) for the period ending September 30, 2005, EBITDA and Interest Expense shall be EBITDA and Interest Expense of the Borrower for the nine-month period ending on such date, and (iii) for the period ending December 31, 2005, EBITDA and Interest Expense shall be EBITDA and Interest Expense of the Borrower for the twelve-month period ending on such date.
Ratio of EBITDA to Interest Expense. The Parent shall not permit the ratio of (i) EBITDA of the Parent and its Subsidiaries determined on a consolidated basis for the period of four consecutive fiscal quarters most recently ending to (ii) Interest Expense of the Parent and its Subsidiaries determined on a consolidated basis for such period, to be less than 1.80 to 1 for any such period.
(k) The Credit Agreement is amended by deleting Section 8.1(e)(iv) in its entirely and substituting in its place the following:
Ratio of EBITDA to Interest Expense. The ratio of Consolidated EBITDA for any period of four fiscal quarters to Consolidated Interest Expense for such period (minus interest income included in Consolidated Net Income for such period) to be less than 2.50 to 1.0. Notwithstanding any of the provisions of this Agreement, the Company will not, and will not permit any Restricted Subsidiary to, enter into any transaction pursuant to paragraph 50, paragraph 6B, clauses (vii) and (viii) of xxxxxxxxx 0X, xxxxxxxxx 0X, clauses (i)(b), (i)(c), (ii)(b) and (iii) of paragraph 6G and paragraph 6I, if the consummation of any such transaction would result in a violation of clause (ii) or (iii) of this paragraph 6A, calculated for such purpose as of the date on which such transaction were to be consummated, both immediately before and after giving effect to the consummation of such transaction. All such calculations shall be made on a PRO FORMA basis in accordance with GAAP after giving effect to any such transaction, with the ratio recomputed as at the last day of the most recently ended fiscal quarter of the Company as if such transaction had occurred on the first day of the relevant four quarter period. In computing Consolidated EBITDA for the purposes of clauses (ii) and (iii) of this paragraph 6A there shall be added to Consolidated Net Income (in addition to the other adjustments provided for in the definition of Consolidated EBITDA) for the relevant period the sum of all non-recurring charges taken in connection with the Recapitalization Transaction to the extent such non-recurring charges were deducted in determining Consolidated Net Income for such period (but limited to an aggregate amount of not more than $20,000,000 for all periods of which not more than $7,500,000 of such charges shall be cash charges).
Ratio of EBITDA to Interest Expense. Parent will at all times maintain a Ratio of EBITDA to Interest Expense of not less than 4.00 to 1.00. The Ratio of EBITDA to Interest Expense shall be calculated and tested quarterly as of the last day of each fiscal quarter of Parent on a cumulative basis (rolling four quarter basis) for the four fiscal quarters ended as of the date of calculation; provided, however, that for the fiscal quarters ended December 31, 2000, March 31, 2001 and June 30, 2001, EBITDA and Interest Expense shall be calculated on an Annualized basis.
Ratio of EBITDA to Interest Expense. The Borrower will not, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2008, permit its ratio of EBITDA for the period of four fiscal quarters then ended to Interest Expense for such period to be less than 2.5 to 1.0. For purposes of this Section 9.01(a), the calculation of EBITDA and Interest Expense shall be as follows: (x) for the fiscal quarter ending Xxxxx 00, 0000, XXXXXX and Interest Expense for the two quarter period ending on such date, each multiplied by two, (y) for the fiscal quarter ending June 30, 2008, EBITDA and Interest Expense for the three quarter period ending on such date, each multiplied by 4/3 and (z) for each fiscal quarter ending on or after September 30, 2008, EBITDA and Interest Expense for the period of four fiscal quarters then ending.
