Senior Debt to EBITDA Ratio. The Loan Parties shall not permit the Senior Debt to EBITDA Ratio to be greater than 2.365 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 each case in accordance with GAAP using the ratio of Senior Debt as of the end of each such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.
Appears in 2 contracts
Samples: Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/), Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/)
Senior Debt to EBITDA Ratio. The Loan Parties shall not Not permit the Senior Debt to EBITDA Ratio to be greater than 2.365 5.10 to 1.00 as of the end of the Company’s fiscal quarter ending on or about December March 31, 2004 or the end of any fiscal quarter thereafter2005; such ratio to be determined in each case in accordance with GAAP using the ratio of Senior Debt as of the end of each such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.
1.3 Section 10.6.3 of the Credit Agreement is amended and restated in full, to read as follows:
Appears in 2 contracts
Samples: Credit Agreement (Clarion Technologies Inc/De/), Credit Agreement (Clarion Technologies Inc/De/)
Senior Debt to EBITDA Ratio. The Loan Parties shall not Not permit the Senior Debt to EBITDA Ratio to be greater than 2.365 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 each case in accordance with GAAP using the ratio of Senior Debt as of the end of each such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.
1.2 Section 10.6.3 of the Credit Agreement is amended and restated in full, to read as follows:
Appears in 2 contracts
Samples: Credit Agreement (Clarion Technologies Inc/De/), Credit Agreement (Clarion Technologies Inc/De/)
Senior Debt to EBITDA Ratio. The Loan Parties shall not permit the Senior Debt to EBITDA Ratio to be greater than 2.365 (i) 5.61 to 1.00 as of the end of the Company’s fiscal quarter ending on or about December March 31, 2004 2005, or (ii) 2.365 to 1.00 as of the end of any fiscal quarter thereafter; such ratio to be determined in each case in accordance with GAAP using the ratio of Senior Debt as of the end of each such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.”
Appears in 1 contract
Samples: Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/)
Senior Debt to EBITDA Ratio. The Loan Parties shall not permit the Senior Debt to EBITDA Ratio to be greater than 2.365 than: (i) 5.61 to 1.00 as of the end of the Company’s fiscal quarter ending on or about December March 31, 2004 2005; or (ii) 2.365 to 1.00 as of the end of any each fiscal quarter thereafter; such ratio to be determined in each case in accordance with GAAP using the ratio of Senior Debt as of the end of each such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.”
Appears in 1 contract
Samples: Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/)