Senior Debt Leverage Ratio. The Senior Debt Leverage Ratio shall not be greater than the levels specified below as of the end of, and for, each period indicated below, with Adjusted EBITDA measured for the trailing period of four (4) consecutive fiscal quarters then ended: December 31, 2012 2.60 to 1.00 March 31, 2013 2.60 to 1.00 June 30, 2013 2.40 to 1.00 September 30, 2013 2.20 to 1.00 December 31, 2013 2.00 to 1.00 March 31, 2014 1.80 to 1.00 June 30, 2014 1.60 to 1.00 September 30, 2014 1.50 to 1.00 December 31, 2014 1.40 to 1.00 March 31, 2015 1.30 to 1.00 June 30, 2015 1.20 to 1.00 September 30, 2015 1.10 to 1.00 December 31, 2015 and the last day of each succeeding fiscal quarter thereafter 1.00 to 1.00
Appears in 3 contracts
Samples: Loan and Security Agreement (Intercloud Systems, Inc.), Loan and Security Agreement (Genesis Group Holdings Inc), Loan and Security Agreement (Genesis Group Holdings Inc)
Senior Debt Leverage Ratio. The Senior Debt Leverage Ratio shall not be greater than the levels specified below as of the end of, and for, each period indicated below, with Adjusted EBITDA measured for the trailing period of four (4) consecutive fiscal quarters then ended: December 31, 2012 2.60 to 1.00 March 31, 2013 2.60 to 1.00 June 30, 2013 2.40 3.50 to 1.00 September 30, 2013 2.20 3.25 to 1.00 December 31, 2013 2.00 3.00 to 1.00 March 31, 2014 1.80 3.00 to 1.00 June 30, 2014 1.60 2.75 to 1.00 September 30, 2014 1.50 2.50 to 1.00 December 31, 2014 1.40 2.50 to 1.00 March 31, 2015 1.30 2.25 to 1.00 June 30, 2015 1.20 2.25 to 1.00 September 30, 2015 1.10 2.00 to 1.00 December 31, 2015 1.75 to 1.00 March 31, 2016 1.50 to 1.00 June 30, 2016 1.50 to 1.00 September 30, 2016 1.25 to 1.00 December 31, 2016 and the last day of each succeeding fiscal quarter thereafter 1.00 to 1.00
Appears in 1 contract
Samples: Loan and Security Agreement (Sebring Software, Inc.)
