Common use of Total Consolidated Debt to Consolidated EBITDA Ratio Clause in Contracts

Total Consolidated Debt to Consolidated EBITDA Ratio. The Borrower will not, as of the end of any fiscal quarter, permit the ratio of the Total Consolidated Debt to Consolidated EBITDA (the "Total Consolidated Debt to Consolidated EBITDA Ratio") for the four-quarter period ended as of the end of such fiscal quarter to exceed the following amounts for the following periods: (i) 3.5 to 1 for the period commencing on the Closing Date to and including December 31, 2002, (ii) 3.0 to 1 for the period January 1, 2003 to and including December 31, 2003 and (ii) 2.75 to 1 thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Trex Co Inc), Credit Agreement (Trex Co Inc)

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Total Consolidated Debt to Consolidated EBITDA Ratio. The Borrower will not, as of the end of any fiscal quarter, permit the ratio of the Total Consolidated Debt to Consolidated EBITDA (the "Total Consolidated Debt to Consolidated EBITDA Ratio") for the four-quarter period ended as of the end of such fiscal quarter to exceed the following amounts for the following periods: (i) 3.5 3.75 to 1 for the period commencing on the Closing Date October 1, 2006 to and including December 31, 20022006, (ii) 3.0 3.25 to 1 for the period commencing on January 1, 2003 2007 to and including December March 31, 2003 2007 and (iiiii) 2.75 2.50 to 1 thereafter.

Appears in 1 contract

Samples: Credit Agreement (Trex Co Inc)

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Total Consolidated Debt to Consolidated EBITDA Ratio. The Borrower will not, as of the end of any fiscal quarter, permit the ratio of the Total Consolidated Debt to Consolidated EBITDA (the "Total Consolidated Debt to Consolidated EBITDA Ratio") for the four-quarter period ended as of the end of such fiscal quarter to exceed the following amounts for the following periods: (i) 3.5 4.3 to 1 for the period commencing on the Closing Date October 1, 2006 to and including December 31, 20022006, (ii) 3.0 6.2 to 1 for the period commencing on January 1, 2003 2007 to and including December March 31, 2003 2007 and (iiiii) 2.75 2.50 to 1 thereafter.

Appears in 1 contract

Samples: Credit Agreement (Trex Co Inc)

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