Common use of Ratio of Funded Debt to EBITDA Clause in Contracts

Ratio of Funded Debt to EBITDA. The Borrower will not, (i) as of each of June 30, 2013, September 30, 2013 and December 31, 2013, permit its ratio of Funded Debt as of such time to Annualized EBITDA to exceed 4.00 to 1.00, and (ii) as of the last day of any fiscal quarter beginning with the fiscal quarter ending March 31, 2014, permit its ratio of Funded Debt as of such time to EBITDA for the four quarter period then ended to exceed 4.00 to 1.00.”

Appears in 2 contracts

Samples: Credit Agreement (Pyramid Oil Co), Credit Agreement (Pyramid Delaware Merger Subsidiary, Inc.)

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Ratio of Funded Debt to EBITDA. The Borrower will not, (i) as Section 5.05). As of the end of each of June 30Fiscal Quarter, 2013, September 30, 2013 and commencing with the Fiscal Quarter ending December 31, 20131995, permit its the ratio of Funded Debt as of on such time to Annualized EBITDA to exceed 4.00 to 1.00, and (ii) as of the last day of any fiscal quarter beginning with the fiscal quarter ending March 31, 2014, permit its ratio of Funded Debt as of such time date to EBITDA for the four quarter period immediately preceding 12 months then ended shall not exceed 3.0 to exceed 4.00 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Blessings Corp)

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Ratio of Funded Debt to EBITDA. The Borrower will not, (i) as At the end of each of June 30Fiscal Quarter, 2013, September 30, 2013 and commencing with the Fiscal Quarter ending December 31, 20131995, permit its the ratio of Funded Debt as of on such time to Annualized EBITDA to exceed 4.00 to 1.00, and (ii) as of the last day of any fiscal quarter beginning with the fiscal quarter ending March 31, 2014, permit its ratio of Funded Debt as of such time date to EBITDA for the four quarter period immediately preceding 12 months then ended ended, shall not exceed 3.0 to exceed 4.00 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Blessings Corp)

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