Senior Funded Debt to Consolidated EBITDA Sample Clauses

Senior Funded Debt to Consolidated EBITDA. Maintain as of the last day of each Fiscal Quarter set forth below, a maximum ratio of Senior Funded Debt to Consolidated EBITDA, calculated for the immediately preceding four Fiscal Quarters, of less than or equal to the ratio set forth opposite such Fiscal Quarter: Ratio of Senior Funded Debt to Consolidated Fiscal Quarter EBITDA -------------- ------ Third Fiscal Quarter < 2.50:1.0 2003 through First - Fiscal Quarter 2005 Second Fiscal Quarter < 2.25:1.0 2005 through Fourth - Fiscal Quarter 2005 First Fiscal Quarter < 2.00:1.0 2006 through Fourth - Fiscal Quarter 2006 First Fiscal Quarter < 1.75:1.0 2007 and each Fisc - Quarter thereafter
Sample 1
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Senior Funded Debt to Consolidated EBITDA. Maintain as of the last day of each Fiscal Quarter set forth below, a maximum ratio of Senior Funded Debt to Consolidated EBITDA, calculated for the immediately preceding four Fiscal Quarters, of less than or equal to the ratio set forth opposite such Fiscal Quarter: Ratio of Senior Funded Debt to Consolidated Fiscal Quarter EBITDA -------------- --------------- Third Fiscal Quarter 2003 through Fourth Fiscal < or = 2.50:1.0 Quarter 2003 First Fiscal Quarter 2004 < or = 3.25:1.0 Second Fiscal Quarter 2004 through Third Fiscal < or = 3.50:1.0 Quarter 2004 Fourth Fiscal Quarter 2004 < or = 3.25:1.0 First Fiscal Quarter 2005 < or = 3.00:1.0 Second Fiscal Quarter 2005 < or = 2.75:1.0 Third Fiscal Quarter 2005 through Fourth Fiscal < or = 2.25:1.0 Quarter 2005 First Fiscal Quarter 2006 through Fourth Fiscal < or = 2.00:1.0 Quarter 2006 First Fiscal Quarter 2007 and each Fiscal < or = 1.75:1.0". Quarter thereafter
Sample 1
Senior Funded Debt to Consolidated EBITDA. The Borrower shall maintain a maximum ratio of Senior Funded Debt to Consolidated EBITDA, calculated at the end of each fiscal quarter, of 1.50:1.00. Calculations determining Borrower's compliance with the covenants set forth in Section 7.8(a) and Section 7.8(d) shall be done on a pro forma basis and will exclude Non-Recourse Debt. Further, to the extent there is a change in GAAP after the date of this Agreement and said change would have a material effect on the foregoing financial covenants, then, in that event, the Borrower may request that the foregoing financial covenants be modified to take into account said changes in GAAP, which request shall not be unreasonably approved by the Required Lenders.
Sample 1

Related to Senior Funded Debt to Consolidated EBITDA

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of REIT and its Subsidiaries for such period determined on a Consolidated basis.

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 1.0.

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