Common use of Senior Debt to EBITDA Ratio Clause in Contracts

Senior Debt to EBITDA Ratio. Borrowers shall not permit the ratio of (i) the outstanding monetary Obligations as of the last day of the calendar quarter then ended to (ii) EBITDA for the trailing four quarter period then ended, to be greater than 3.75:1.00 as of any calendar quarter end.

Senior Debt to EBITDA Ratio. Borrowers shall The Borrower will not permit the ratio ratio, determined as of the end of each of its fiscal quarters for the then most- recently ended four fiscal quarters, of (i) the outstanding monetary Obligations as of the last day of the calendar quarter then ended Consolidated Senior Total Debt to (ii) Consolidated EBITDA for the trailing four quarter period then ended, to be greater than 3.75:1.00 as of any calendar quarter end2.25 to 1.0.

Senior Debt to EBITDA Ratio. Commencing with the fiscal quarter ending December 31, 2016, and continuing on the last day of each succeeding fiscal quarter thereafter, the Borrowers shall not permit the ratio of Senior Indebtedness on such date to EBITDA for the four (i4) the outstanding monetary Obligations as of the last day of the calendar quarter fiscal quarters then ended to (ii) EBITDA for the trailing four quarter period then ended, exceed 2.90 to be greater than 3.75:1.00 as of any calendar quarter end1.00.

Senior Debt to EBITDA Ratio. Borrowers shall Borrower will not permit the ratio of of: (i) the outstanding monetary Obligations Senior Debt as of the last day of the calendar any fiscal quarter then ended to (ii) EBITDA for the trailing four quarter twelve (12) month period then endedending on such date (or, if any portion of such period precedes the Closing Date, for the period commencing on the Closing Date and ending on such date, expressed on an annualized basis) to be greater than 3.75:1.00 as of any calendar quarter endexceed 1.00.