Common use of Senior Funded Debt to EBITDA Clause in Contracts

Senior Funded Debt to EBITDA. Until payment in full of the 2022 Convertible Subordinated Notes, as of the end of each fiscal quarter of the Borrowers, the Borrowers will not permit the ratio of Senior Funded Debt to EBITDA to exceed 3.25:1 for the Reference Period ending on such date.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Waste Connections Inc/De), Revolving Credit and Term Loan Agreement

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Senior Funded Debt to EBITDA. Until payment in full of the 2022 Convertible Subordinated Notes, as As of the end of each fiscal quarter of commencing with the Borrowersfiscal quarter ending September 30, 2003, the Borrowers will not permit the ratio of Senior Funded Debt to EBITDA to exceed 3.25:1 for the Reference Period ending on such date.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Waste Connections Inc/De)

Senior Funded Debt to EBITDA. Until payment in full of the 2022 Convertible Subordinated Notes, The Borrowers will not permit as of the end of each any fiscal quarter of the Borrowers, the Borrowers will not permit the ratio of Senior Funded Debt outstanding as of such date to Consolidated Adjusted EBITDA to exceed 3.25:1 (determined on a Pro Forma Basis, if applicable) for the most recently ended Reference Period as of such date (including, without limitation, a Reference Period ending on such date) to exceed 2.50 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Vermont Pure Holdings LTD/De)

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Senior Funded Debt to EBITDA. Until payment in full of the 2022 Convertible Subordinated Notes, as As of the end of each fiscal quarter of the BorrowersBorrowers until the fiscal quarter in which the 2022 Convertible Subordinated Notes are paid in full, the Borrowers will not permit the ratio of Senior Funded Debt to EBITDA to exceed 3.25:1 for the Reference Period ending on such date. Upon payment in full of the 2022 Convertible Subordinated Notes, the covenant in this 9.2 shall be deemed deleted in its entirety.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Waste Connections Inc/De)

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