Common use of Senior Funded Debt to EBITDA Clause in Contracts

Senior Funded Debt to EBITDA. The ratio of (x) Senior Funded Debt as at the end of any fiscal quarter to (y) EBITDA for the period of four (4) consecutive fiscal quarters to be greater than the ratio set forth opposite such fiscal quarters: Fiscal Quarters Ending Ratio September 30, 1999 - June 30, 2000 4.00:1.00 September 30, 2000 - June 30, 2001 3.75:1.00 September 30, 2001 and thereafter 3.50:1.00

Appears in 2 contracts

Samples: Note Purchase Agreement (Waste Industries Usa Inc), Note Purchase And (Waste Industries Usa Inc)

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Senior Funded Debt to EBITDA. The Commencing with the fiscal quarter ending June 30, 1999, the ratio of (xa) Senior Funded Debt as at the end of any fiscal quarter to (yb) EBITDA for the period of four (4) consecutive fiscal quarters to be greater than ending on such date shall not exceed the ratio for the quarters ending on or within the respective periods set forth opposite such fiscal quartersin the following table: Fiscal Quarters Ending Ratio September 30--------------- ----- On or before March 31, 1999 - 2000 3.75:1 June 30, 2000 4.00:1.00 September 30, 2000 - June 30March 31, 2001 3.75:1.00 September 3.50:1 June 30, 2001 and thereafter 3.50:1.003.25:1

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Nationsrent Inc)

Senior Funded Debt to EBITDA. The Commencing with the fiscal quarter ending September 30, 1998, the ratio of (xa) Senior Funded Debt as at the end of any fiscal quarter ending during a period described in the table below to (yb) EBITDA for the period of four (4) consecutive fiscal quarters to be greater than ending on such date shall not exceed the ratio set forth opposite such fiscal quartersin the following table: Fiscal Quarters Ending Ratio September 30Period Percentage ------ ---------- October 1, 1999 1998 - June 30, 2000 4.00:1.00 September 301999 3.25:1.00 July 1, 2000 - June 30, 2001 3.75:1.00 September 30, 2001 1999 and thereafter 3.50:1.003.00:1.00

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Nationsrent Inc)

Senior Funded Debt to EBITDA. The ratio of (x) Senior Funded Debt as at the end of any fiscal quarter to (y) EBITDA for the period of four (4) consecutive fiscal quarters to be greater than the ratio set forth opposite such fiscal quarters: Fiscal Quarters Ending Ratio September 30, 1999 2003 - June 30December 31, 2000 4.00:1.00 September 302004 3.75:1.00 March 31, 2000 - June 30, 2001 3.75:1.00 September 30, 2001 2005 and thereafter 3.50:1.00

Appears in 1 contract

Samples: Amendment and Consent (Waste Industries Usa Inc)

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Senior Funded Debt to EBITDA. The Borrowers will not permit the ratio of (x) Senior Funded Debt as at the end of any fiscal quarter to (y) EBITDA for the period of four (4) consecutive fiscal quarters to be greater than the ratio set forth opposite such fiscal quartersquarter: Fiscal Quarters Ending Ratio September 30, 1999 2003 - June 30December 31, 2000 4.00:1.00 September 302004 3.75:1.00 March 31, 2000 - June 30, 2001 3.75:1.00 September 30, 2001 2005 and thereafter 3.50:1.00

Appears in 1 contract

Samples: Revolving Credit Agreement (Waste Industries Usa Inc)

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