Common use of Senior Secured Indebtedness Ratio Clause in Contracts

Senior Secured Indebtedness Ratio. The Borrower will not at any date permit the ratio of (a) Consolidated Senior Secured Indebtedness at such date to (b) Consolidated EBITDA for the most recent period of four consecutive fiscal quarters for which financial statements have been delivered pursuant to Section 5.01(a) or (b), to be greater than 4.00 to 1.00.

Appears in 4 contracts

Samples: Term Loan Agreement (Goodyear Tire & Rubber Co /Oh/), Revolving Credit Agreement (Goodyear Tire & Rubber Co /Oh/), Term Loan and Revolving Credit Agreement (Goodyear Tire & Rubber Co /Oh/)

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Senior Secured Indebtedness Ratio. The Borrower will not at any date permit the ratio at the end of any fiscal quarter of (a) Consolidated Senior Net Secured Indebtedness at such date to (b) Consolidated EBITDA for the most recent period of four consecutive fiscal quarters for which financial statements have been delivered pursuant to Section 5.01(a) or (b)ended at such date, to be greater than 4.00 3.50 to 1.00.. 100

Appears in 1 contract

Samples: First Lien Credit Agreement (Goodyear Tire & Rubber Co /Oh/)

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