Common use of Total Debt Leverage Ratio Clause in Contracts

Total Debt Leverage Ratio. The Total Debt Leverage Ratio shall not be greater than the levels specified below as of the end of, and for, each period indicated below, with Adjusted EBITDA measured for the trailing period of four (4) consecutive fiscal quarters then ended: December 31, 2012 3.50 to 1.00 March 31, 2013 3.50 to 1.00 June 30, 2013 3.00 to 1.00 September 30, 2013 2.75 to 1.00 December 31, 2013 2.50 to 1.00 March 31, 2014 2.25 to 1.00 June 30, 2014 2.00 to 1.00 September 30, 2014 1.75 to 1.00 December 31, 2014 1.75 to 1.00 March 31, 2015 1.50 to 1.00 June 30, 2015 1.40 to 1.00 September 30, 2015 1.30 to 1.00 December 31, 2015 1.20 to 1.00 March 31, 2016 and the last day of each succeeding fiscal quarter thereafter 1.00 to 1.00

Appears in 3 contracts

Samples: Loan and Security Agreement (Intercloud Systems, Inc.), Loan and Security Agreement (Genesis Group Holdings Inc), Loan and Security Agreement (Genesis Group Holdings Inc)

AutoNDA by SimpleDocs

Total Debt Leverage Ratio. The Total Debt Leverage Ratio shall not be greater than the levels specified below as of the end of, and for, each period indicated below, with Adjusted EBITDA and rent expenses measured for the trailing period of four (4) consecutive fiscal quarters then ended: December 31, 2012 3.50 to 1.00 March 31, 2013 3.50 to 1.00 June 30, 2013 3.00 5.25 to 1.00 September 30, 2013 2.75 5.00 to 1.00 December 31, 2013 2.50 4.75 to 1.00 March 31, 2014 2.25 4.75 to 1.00 June 30, 2014 2.00 4.50 to 1.00 September 30, 2014 1.75 4.50 to 1.00 December 31, 2014 1.75 4.50 to 1.00 March 31, 2015 1.50 4.25 to 1.00 June 30, 2015 1.40 4.00 to 1.00 September 30, 2015 1.30 3.75 to 1.00 December 31, 2015 1.20 3.75 to 1.00 March 31, 2016 3.50 to 1.00 June 30, 2016 and the last day of each succeeding fiscal quarter thereafter 1.00 3.00 to 1.00

Appears in 1 contract

Samples: Loan and Security Agreement (Sebring Software, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!