Common use of Senior Debt to EBITDA Ratio Clause in Contracts

Senior Debt to EBITDA Ratio. Commencing June 30, 2014, maintain at all times a Senior Debt to EBITDA Ratio of not more than the following amounts during the periods specified below: June 30, 2014 through December 30, 2014 3.75 to 1.0 December 31, 2014 and thereafter 3.50 to 1.0

Appears in 2 contracts

Samples: Credit Agreement (Brooklyn Cheesecake & Desert Com), Credit Agreement (Brooklyn Cheesecake & Desert Com)

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Senior Debt to EBITDA Ratio. Commencing June 30, 2014, The Company shall maintain at all times a Senior Debt to EBITDA Ratio of not more than in excess of the following amounts during the periods specified belowfollowing periods: June 30Amount Period ------ ------ 3.0 to 1 March 17, 2014 1999 through December 30, 2014 3.75 to 1.0 December March 31, 2014 2000 2.5 to 1 April 1, 2000 through March 31, 2001 2.0 to 1 April 1, 2001 and thereafter 3.50 to 1.0thereafter"

Appears in 1 contract

Samples: Credit Agreement (Phoenix Companies Inc/De)

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Senior Debt to EBITDA Ratio. Commencing June 30, 2014, The Company shall maintain at all times a ratio of Senior Debt to EBITDA Ratio of not more than in excess of the following amounts during the periods specified belowfollowing periods: June 30Amount Period ------ ------- 3.5 to 1 Date hereof through August 14,1999 3.0 to 1 August 15, 2014 1999 through December 30August 14, 2014 3.75 2000 2.5 to 1.0 December 311 August 15, 2014 2000 through August 14, 2001 2.0 to 1 August 15, 2001 and thereafter 3.50 to 1.0thereafter

Appears in 1 contract

Samples: Credit Agreement (Phoenix Companies Inc/De)

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