Ratio of Total Debt to Adjusted EBITDA Sample Clauses

Ratio of Total Debt to Adjusted EBITDA. The Borrower will not permit the ratio, calculated as of the end of each fiscal quarter ending during the periods below, of (i) Total Debt to (ii) Adjusted EBITDA for the period then ended, to exceed the ratio set forth below: PERIOD RATIO January 1, 1997 through March 31, 1997 6.70 to 1.00 April 1, 1997 through June 30, 1997 6.50 to 1.00 July 1, 1997 through September 30, 1997 6.50 to 1.00 October 1, 1997 through December 31, 1997 6.25 to 1.00 January 1, 1998 through March 31, 1998 6.00 to 1.00 April 1, 1998 and at all times thereafter 4.00 to 1.00"
Sample 1
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Ratio of Total Debt to Adjusted EBITDA. The Borrower will not permit the ratio, calculated as of the end of each fiscal quarter ending during the periods below, of (i) Total Debt to (ii) Adjusted EBITDA for the period then ended, to exceed the ratio set forth below: Period Ratio ------- ----- From the Closing Date through March 31, 1997 5.25 to 1.00 From April 1, 1997 through September 30, 1997 5.00 to 1.00 From October 1, 1997 through March 31, 1998 4.50 to 1.00 From April 1, 1998 through December 31, 1998 4.00 to 1.00 From January 1, 1999 and at all times thereafter 3.50 to 1.00
Sample 1
Ratio of Total Debt to Adjusted EBITDA. The Borrower will not permit the ratio, calculated as of the end of each fiscal quarter ending during the periods below, of (i) Total Debt to (ii) Adjusted EBITDA for the period then ended, to exceed the ratio set forth below: PERIOD RATIO April 1, 1997 through September 30, 1997 7.60 to 1.00 October 1, 1997 through December 31, 1997 7.35 to 1.00 January 1, 1998 through March 31, 1998 6.85 to 1.00 April 1, 1998 through June 30, 1998 6.30 to 1.00 July 1, 1998 through September 30, 1998 6.00 to 1.00 October 1, 1998 through December 31, 1998 5.75 to 1.00 January 1, 1999 through June 30, 1999 5.50 to 1.00 July 1, 1999 through September 30, 1999 5.35 to 1.00 October 1, 1999 through December 31, 1999 5.25 to 1.00 January 1, 2000 through March 31, 2000 5.00 to 1.00 April 1, 2000 through June 30, 2000 4.95 to 1.00 July 1, 2000 through September 30, 2000 4.85 to 1.00 October 1, 2000 through December 31, 2000 4.75 to 1.00 January 1, 2001 and at all times thereafter 4.50 to 1.00 For purposes of this SECTION 10.3, the term 'Adjusted EBITDA' shall have the meaning of such term in this Agreement as amended by the Second Amendment."
Sample 1

Related to Ratio of Total Debt to Adjusted EBITDA

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters 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 3.5 to 1.0.

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Debt to EBITDA Ratio Maintain, as of the end of each fiscal quarter, a ratio of (i) Debt, excluding Debt in respect of Hedge Agreements, as of such date to (ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than 4.0 to 1.0.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

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