Senior Debt to EBITDA Ratio. The Loan Parties shall not permit the Senior Debt to EBITDA Ratio to be greater than (i) 2.53 to 1.00 as of the end of the fiscal quarter ending on or about March 31, 2004 and June 30, 2004, (ii) 2.37 to 1.00 as of the end of the fiscal quarter ending on or about September 30, 2004 and (iii) 2.20 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 (i) 2.53 2.30 to 1.00 as of the end of the Company’s fiscal quarter ending on or about March 31, 2004 and June 30, 2004, (ii) 2.37 2.15 to 1.00 as of the end of the Company’s fiscal quarter ending on or about September 30, 2004 2004, and (iii) 2.20 (ii) 2.00 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: 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 (i) 2.53 5.225 to 1.00 as of the end of each of the Company’s fiscal quarters ending on or about March 31, 2006 and June 30, 2006, respectively, (ii) 4.95 to 1.00 as of the end of the fiscal quarter ending on or about March 31, 2004 and June 30, 2004, (ii) 2.37 to 1.00 as of the end of the Company’s fiscal quarter ending on or about September 30, 2004 2006, and (iii) 2.20 3.575 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 thereafter2006; 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 the applicable period 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 Not permit the Senior Debt to EBITDA Ratio to be greater than (i) 2.53 3.00 to 1.00 as of the end of the Company’s fiscal quarter ending on or about March 31Xxxxx 00, 2004 and June 30, 20040000, (iixx) 2.37 2.50 to 1.00 as of the end of the Company’s fiscal quarter ending on or about June 30, 2003, (iii) 2.25 to 1.00 as of the end of the Company’s fiscal quarter ending on or about September 30, 2004 and 2003, or (iiiiv) 2.20 2.00 to 1.00 as of the end of the Company’s fiscal quarter ending on or about December 31, 2004 2003 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 such fiscal quarters quarter of the Company then ending.
Appears in 1 contract
Senior Debt to EBITDA Ratio. The Loan Parties shall not Not permit the Senior Debt to EBITDA Ratio to be greater than (i) 2.53 4.75 to 1.00 as of the end of each of the Company’s fiscal quarters ending on or about March 31, 2006 and June 30, 2006, respectively, (ii) 4.50 to 1.00 as of the end of the fiscal quarter ending on or about March 31, 2004 and June 30, 2004, (ii) 2.37 to 1.00 as of the end of the Company’s fiscal quarter ending on or about September 30, 2004 2006, and (iii) 2.20 3.25 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 thereafter2006; 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 the applicable period to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.
Appears in 1 contract