Senior Debt to Annualized Adjusted EBITDA Sample Clauses

Senior Debt to Annualized Adjusted EBITDA. Holdings and the ------------------------------------------ Borrower will not permit the ratio of (i) Senior Debt outstanding on any day from and including (a) the last day of any fiscal quarter set forth below through (b) the day immediately preceding the last day of the immediately following fiscal quarter to (ii) Annualized Adjusted EBITDA for the period ending on the date referred to in clause (i)(a) above to exceed the ratio set forth opposite such date: Fiscal Quarter Ending On Ratio ------------------------ -------------------------- March 31, 2000 14.0 to 1 June 30, 2000 8.0 to 1 September 30, 2000 8.0 to 1 December 31, 2000 7.0 to 1 March 31, 2001 6.0 to 1 June 30, 2001 5.0 to 1
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Senior Debt to Annualized Adjusted EBITDA. The Borrower will not permit the ratio of (i) Senior Debt outstanding on any day from and including (A) the last day of any fiscal quarter set forth below through (B) the day immediately preceding the last day of the immediately following fiscal quarter to (ii) Annualized Adjusted EBITDA for the period ending on the date referred to in clause (i)(A) above to exceed the ratio set forth opposite such date: --------------------------------------------- Fiscal Quarter Ending On Ratio --------- ----- --------------------------------------------- December 31, 2001 21.0 to 1.00 --------------------------------------------- March 31, 2002 17.0 to 1.00 --------------------------------------------- June 30, 2002 12.0 to 1.00 --------------------------------------------- September 30, 2002 10.0 to 1.00 --------------------------------------------- December 31, 2002 8.0 to 1.00 --------------------------------------------- March 31, 2003 6.0 to 1.00 --------------------------------------------- June 30, 2003 5.0 to 1.00 --------------------------------------------- September 30, 2003 and thereafter 4.0 to 1.00 ---------------------------------------------
Sample 1Sample 2
Senior Debt to Annualized Adjusted EBITDA. The ratio of (i) Senior Debt outstanding on the last day of any Fiscal Quarter set forth below to (ii) Annualized Adjusted EBITDA for the period ending on such date shall not exceed the ratio set forth opposite such date: Fiscal Quarter Ratio of Senior Debt to Ending On Annualized Adjusted EBITDA 12/31/01 4.75:1.00 3/31/02 3.50:1.00 6/30/02 3.50:1.00 9/30/02 3.00:1.00 12/31/02 3.00:1.00 3/31/03 2.50:1.00
Sample 1

Related to Senior Debt to Annualized Adjusted EBITDA

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

  • 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

  • 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.

  • Senior Debt to EBITDA Ratio Not permit the Senior Debt to EBITDA Ratio to be greater than 2.15 to 1.00 as of the end of the Company’s fiscal quarter ending on or about December 31, 2004 or the end of any fiscal quarter thereafter; such ratio to be determined in accordance with GAAP using the ratio of Senior Debt as of the end of such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.

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

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • 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.

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • 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.

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