Total Debt. The total Debt of all Consolidated Subsidiaries of the Borrower, excluding the Debt, if any, owed by such Consolidated Subsidiaries to the Borrower or another Consolidated Subsidiary of the Borrower, will at no time exceed an amount equal to $500,000,000 (or the Exchange Equivalent thereof).
Total Debt. The Company will not permit Consolidated Total Debt as at the end of any fiscal quarter of the Company to exceed:
(i) during the period ending December 31, 2018, 400% of Consolidated EBITDA for the 12 month period ending on such date;
(ii) during the period beginning January 1, 2019 and ending on December 31, 2019, 425% of Consolidated EBITDA; provided that for the purposes of this covenant, Consolidated EBITDA for the fiscal quarter ending on (i) March 31, 2019, shall be Consolidated EBITDA determined for the 3 month period commencing January 1, 2019 and ending on March 31, 2019, multiplied by four; (ii) June 30, 2019, shall be Consolidated EBITDA determined for the 6 month period commencing January 1, 2019 and ending on June 30, 2019, multiplied by two; (iii) September 30, 2019, shall be Consolidated EBITDA determined for the 9 month period commencing January 1, 2019 and ending on September 30, 2019, multiplied by 1.3333; and December 31, 2019, shall be Consolidated EBITDA determined for the 12 month period commencing January 1, 2019 and ending on December 31, 2019; and
(iii) at all times thereafter, 400% of Consolidated EBITDA for the 12 months ending on the last day of such fiscal quarter.
Total Debt. The Company will not at any time permit Consolidated Total Debt to exceed any of the following:
(i) (A) two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth prior to the effective date of the Second Amendment, and (B) two hundred percent (200%) of Consolidated Tangible Net Worth from the effective date of the Second Amendment until such time (but in no event prior to December 31, 1998) as the Company has maintained a ratio of (A) Consolidated Income Available for Fixed Charges for the four consecutive fiscal quarters of the Company most recently ended at such time to (B) Consolidated Fixed Charges for such period of not less than 2.25 to 1.0 for two consecutive fiscal quarters, then two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth, provided however, that for the purposes of this test, Consolidated Total Debt shall be calculated by including all Debt incurred by a Special Purpose Subsidiary, whether or not included therein under GAAP;
(ii) Seventy-Five Percent (75%) of the sum of (A) Advances and (B) Leased Vehicles; and
(iii) Sixty Percent (60%) of the sum of (A) Gross Current Installment Contract Receivables and (B) Gross Current Leased Vehicles.
Total Debt. The sum, without duplication, of all (1) Indebtedness of the Borrower on a consolidated basis under subsections (a) through (h) of the definition of “Indebtedness” (provided, however, that Indebtedness with respect to Permitted Receivables Transactions shall not be included in such calculation), plus (2) non-contingent reimbursement obligations of the Borrower and its Subsidiaries with respect to drawings under any letters of credit.
Total Debt. The aggregate Total Debt outstanding at any one time of Borrowers, The Summit Group, Inc. and any other affiliates or subsidiaries of The Summit Group, Inc. and either Borrower shall not exceed $450,000,000.00.
Total Debt. With respect to EPR and any of its Subsidiaries, all Indebtedness, plus the face amount of any undrawn letters of credit, plus any Contingent Obligations.
Total Debt. (a) all Indebtedness of the Borrower and the Restricted Subsidiaries on a consolidated basis consisting of debt for borrowed money: $
(b) all Indebtedness of the Borrower and the Restricted Subsidiaries on a consolidated basis consisting of reimbursement obligations in respect of drawn, unreimbursed letters of credit or bankers’ acceptances: $
(c) all Indebtedness of the Borrower and the Restricted Subsidiaries on a consolidated basis consisting of Capital Lease Obligations: $
(d) all Indebtedness of the Borrower and the Restricted Subsidiaries on a consolidated basis consisting of purchase money debt:1918 $ Total $ 1817 For the period of four consecutive fiscal quarters most recently ended on or prior to such date. 1918 For purposes of calculating the Total Leverage Ratio, until the earlier of (i) the consummation of a Specified Acquisition and (ii) termination of the acquisition agreement related to such Specified Acquisition, the Total Leverage Ratio shall not include any Indebtedness of the Borrower or the Guarantors to the extent that (x) such Indebtedness was incurred solely to finance such Specified Acquisition (and any related transactions) and the proceeds of such indebtedness are held as cash or cash equivalents in an escrow or equivalent arrangement (pending the consummation of such Specified Acquisition) and (y) such Indebtedness is redeemable or prepayable at no more than 101% of the principal amount thereof (plus accrued interest) in the event that the Specified Acquisition is not consummated;
Total Debt. In respect of the period commencing on 31 March 2003, the Borrower shall procure that the Total Debt of the Group during any month is at no time greater than the amount set out below in respect of such month; provided that the amounts set out in the second column below shall on any date be reduced by an amount equal to the Net Cash Proceeds received prior to such date in respect of any Disposal of Parthenon or Trout to the extent such amount exceeds the amount of such proceeds forecast to have received on such date in respect of such Disposal in the Initial Liquidity Plan. March 2003 € 7,000,000,000 April 2003 € 7,500,000,000 May 2003 € 7,500,000,000 June 2003 € 6,800,000,000 July 2003 € 6,800,000,000 August 2003 € 6,800,000,000 September 2003 € 6,800,000,000 October 2003 € 6,000,000,000 November 2003 € 6,000,000,000 December 2003 € 6,000,000,000
Total Debt. Permit Consolidated Indebtedness to (i) exceed $465,000,000 at any time on or before September 30, 1999 or (ii) exceed $475,000,000 at any time after December 31, 1999. Section 4 - Overadvance Amount.
Total Debt. The sum of (without duplication) all Indebtedness of Borrower and the Company included in the liabilities portion of Borrower’s balance sheet prepared in accordance with Generally Accepted Accounting Principles as of the end of the most recent fiscal quarter for which financial statements have been provided pursuant to § 7.4.
