Common use of Senior Funded Debt to Adjusted EBITDA Ratio Clause in Contracts

Senior Funded Debt to Adjusted EBITDA Ratio. Not permit the Senior Funded Debt to Adjusted EBITDA Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION SENIOR FUNDED DEBT TO PERIOD ENDING: ADJUSTED EBITDA RATIO -------------- --------------------- Closing Date through 12/31/00 4.03 to 1.0 1/01/01 through 12/31/01 3.77 to 1.0 1/01/02 through 12/31/02 3.45 to 1.0 1/01/03 through 12/31/03 3.16 to 1.0 1/01/04 and thereafter 2.88 to 1.0.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Synagro Technologies Inc)

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Senior Funded Debt to Adjusted EBITDA Ratio. Not permit the Senior Funded Debt to Adjusted EBITDA Ratio as of the last day date of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION SENIOR FUNDED DEBT TO PERIOD ENDINGComputation Senior Funded Debt to Period Ending: ADJUSTED EBITDA RATIO -------------- Adjusted Ebitda Ratio: ------------- --------------------- Closing Date through 12/31/00 4.03 June 30, 2001 5.00 to 1.0 1/01/01 September 30, 2001 through 12/31/01 3.77 December 31, 2001 3.00 to 1.0 1/01/02 through 12/31/02 3.45 to 1.0 1/01/03 through 12/31/03 3.16 to 1.0 1/01/04 March 31, 2002 and thereafter 2.88 2.75 to 1.0."

Appears in 1 contract

Samples: Credit Agreement (U S Plastic Lumber Corp)

Senior Funded Debt to Adjusted EBITDA Ratio. Not permit the ------------------------------------------- Senior Funded Debt to Adjusted EBITDA Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION SENIOR FUNDED DEBT TO PERIOD ENDINGSenior Funded Computation Debt to Period Ending: ADJUSTED Adjusted EBITDA RATIO -------------- Ratio ------------- --------------------- Closing Date through 12/31/00 4.03 to 1.0 1/01/01 through 12/31/01 3.77 to 1.0 1/01/02 through 12/31/02 3.45 to 1.0 1/01/03 through 12/31/03 3.16 to 1.0 1/01/04 and thereafter 2.88 to 1.0.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (GTCR Golder Rauner LLC)

Senior Funded Debt to Adjusted EBITDA Ratio. Not permit the Senior Funded Debt to Adjusted EBITDA Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION SENIOR FUNDED COMPUTATION DEBT TO PERIOD ENDING: ADJUSTED EBITDA RATIO -------------- --------------------- Closing Effective Date through 12/31/00 4.03 3.50 to 1.0 1/01/01 through 12/31/01 3.77 3.25 to 1.0 1/01/02 through 12/31/02 3.45 3.00 to 1.0 1/01/03 through 12/31/03 3.16 2.75 to 1.0 1/01/04 and thereafter 2.88 2.50 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Synagro Technologies Inc)

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Senior Funded Debt to Adjusted EBITDA Ratio. Not permit the Senior Funded Debt to Adjusted EBITDA Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION SENIOR FUNDED DEBT TO PERIOD ENDING: ADJUSTED EBITDA RATIO -------------- --------------------- Closing Effective Date through 12/31/00 4.03 December 31, 2000 3.25 to 1.0 1/01/01 January 1, 2001 through 12/31/01 3.77 December 31, 2001 3.00 to 1.0 1/01/02 through 12/31/02 3.45 to 1.0 1/01/03 through 12/31/03 3.16 to 1.0 1/01/04 January 1, 2002 and thereafter 2.88 2.75 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (U S Plastic Lumber Corp)

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