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

Ratio of Total Funded Debt to EBITDA. As of the close of each fiscal quarter of the Company ending after the Closing Date, the Credit Parties and their respective Subsidiaries, for the period of the four consecutive fiscal quarters which end on such close, shall have a Ratio of Total Funded Debt to EBITDA of not greater than 3.50:1.

Appears in 2 contracts

Samples: Credit Agreement (Valley National Gases Inc), Credit Agreement (Valley National Gases Inc)

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Ratio of Total Funded Debt to EBITDA. As of the close of each fiscal quarter of the Company ending after the Closing Date, the Credit Parties and their respective Subsidiaries, for the period of the four consecutive fiscal quarters which end on such close, shall have a Ratio of Total Funded Debt to EBITDA of not greater than 3.50:1(i) 4.00:1 through June 29, 2002, (ii) 3.75:1 from June 30, 2002, through September 29, 2002, and (iii) 3.50:1 on September 30, 2002, and thereafter.

Appears in 1 contract

Samples: Credit Agreement (Valley National Gases Inc)

Ratio of Total Funded Debt to EBITDA. As ------------------------------------ of the close of each fiscal quarter of the Company ending after the Closing Date, the Credit Parties and their respective SubsidiariesCompany, for the period of the four consecutive fiscal quarters which end on such close, shall have a Ratio of Total Funded Debt to EBITDA of not greater than 3.50:1(i) 4.00:1 until September 30, 1998, (ii) 3.75 from October 1, 1998, until September 30, 2000, and (iii) 3.50 from October 1, 2000, and thereafter.

Appears in 1 contract

Samples: Credit Agreement (Valley National Gases Inc)

Ratio of Total Funded Debt to EBITDA. As of the close of each fiscal quarter of the Company ending after the Closing Date, the Credit Parties and their respective Subsidiaries, for the period of the four consecutive fiscal quarters which end on such close, shall have a Ratio of Total Funded Debt to EBITDA of not greater than 3.50:1(i) 4.50:1 through December 30, 1999, (ii) 4.25:1 from December 31, 1999, through December 30, 2000, and (iii) 4.00:1 on December 31, 2000, and thereafter.

Appears in 1 contract

Samples: Credit Agreement (Valley National Gases Inc)

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Ratio of Total Funded Debt to EBITDA. As of the close of each fiscal quarter of the Company ending after the Closing Date, the Credit Parties and their respective SubsidiariesCompany, for the period of the four consecutive fiscal quarters which end on such close, shall have a Ratio of Total Funded Debt to EBITDA of not greater than 3.50:1(i) 3.00:1.00 until August 28, 1998; (ii) 2.50 from August 29, 1998, and thereafter.

Appears in 1 contract

Samples: Credit Agreement (Dmi Furniture Inc)

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