Common use of Senior Debt to Annualized Adjusted EBITDA Clause in Contracts

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

Appears in 1 contract

Samples: Credit Agreement (Triton PCS Holdings Inc)

AutoNDA by SimpleDocs

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 (aA) the last day of any fiscal quarter set forth below through (bB) 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)(ai)(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 September 30, 2001 5.0 to 1 December 31, 2001 4.0 to 1 March 31, 2002 and thereafter 4.0 to 1

Appears in 1 contract

Samples: Triton PCS Inc

Senior Debt to Annualized Adjusted EBITDA. Holdings and the ------------------------------------------ The Borrower will not ------------------------------------------ permit the ratio of (i) Senior Debt outstanding on any day from and including (aA) the last day of any fiscal quarter set forth below through (bB) 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)(ai)(A) above to exceed the ratio set forth opposite such date: Fiscal Quarter Ending On Ratio ------------------------ -------------------------- -------------- ----- September 30, 2001 21.0 to 1.00 December 31, 2001 17.0 to 1.00 March 31, 2000 14.0 2002 12.0 to 1 1.00 June 30, 2000 8.0 2002 10.0 to 1 1.00 September 30, 2000 2002 8.0 to 1 1.00 December 31, 2000 7.0 2002 6.0 to 1 1.00 March 31, 2001 6.0 2003 5.0 to 1 1.00 June 30, 2001 5.0 2003 and thereafter 4.0 to 11.00

Appears in 1 contract

Samples: Credit Agreement (Telecorp PCS Inc)

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 September 30, 2001 5.0 to 1 December 31, 2001 4.5 to 1

Appears in 1 contract

Samples: Credit Agreement (Triton PCS Inc)

AutoNDA by SimpleDocs

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 (aA) the last day of any fiscal quarter set forth below through (bB) 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)(ai)(A) above to exceed the ratio set forth opposite such date: Fiscal Quarter Ending On Ratio ------------------------ -------------------------- March -------------- ----------- September 30, 2000 20.0 to 1 December 31, 2000 14.0 to 1 March 31, 2001 12.0 to 1 June 30, 2000 8.0 2001 10.0 to 1 September 30, 2000 2001 8.0 to 1 December 31, 2000 7.0 2001 6.0 to 1 March 31, 2001 6.0 to 1 June 30, 2001 5.0 2002 and thereafter 4.0 to 1

Appears in 1 contract

Samples: Pledge Agreement (Triton PCS Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.