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

Ratio of Secured Debt to EBITDA. The Borrower will not permit, as of the last day of any fiscal quarter beginning, in the case of this Section 9.01(b), with the fiscal quarter ending on December 31, 2018, the ratio of Secured Debt as of such day to EBITDA for the four fiscal quarters then ending, to be greater than 4.50 to 1.00.

Appears in 5 contracts

Samples: Credit Agreement, Term Loan Credit Agreement (Legacy Reserves Inc.), Credit Agreement (Legacy Reserves Inc.)

AutoNDA by SimpleDocs

Ratio of Secured Debt to EBITDA. The Borrower will not permit, as of the last day of any fiscal quarter beginningquarter, in the case of this Section 9.01(b), with the fiscal quarter ending on December 31, 2018, the its ratio of Secured Debt as of such day to EBITDA for the four fiscal quarters then ending, ending on such day to be greater than 4.50 2.50 to 1.00.

Appears in 2 contracts

Samples: Credit Agreement (Legacy Reserves Inc.), Credit Agreement (Legacy Reserves Lp)

AutoNDA by SimpleDocs

Ratio of Secured Debt to EBITDA. The Borrower will not permit, as of the last day of at any fiscal quarter beginning, in the case of this Section 9.01(b), with the fiscal quarter ending on December 31, 2018time, the ratio of Secured Debt as of such day time to EBITDA for the four fiscal quarters then ending, ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 4.50 2.50 to 1.00. 2.4 Amendment to Section 9.12(d)(iii). Section 9.12(d)(iii) is hereby amended and restated in its entirety to read as follows:

Appears in 2 contracts

Samples: Third Amended and Restated Credit Agreement (Legacy Reserves Inc.), Credit Agreement (Legacy Reserves Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!