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

Total Debt to Adjusted EBITDA Ratio. Borrowers will not permit the ratio of (i) Total Debt on any date set forth below to (ii) Adjusted EBITDA for the twelve (12) month period ending on such date to exceed the ratio set forth below and measured as of such date: Date Ratio December 31, 2005 4.50 to 1.00 March 31, 2006 4.50 to 1.00 June 30, 2006 4.50 to 1.00 September 30, 2006 4.25 to 1.00 December 31, 2006 4.25 to 1.00 March 31, 2007 4.00 to 1.00 June 30, 2007 4.00 to 1.00 September 30, 2007 3.50 to 1.00 December 31, 2007 3.50 to 1.00 March 31, 2008 3.50 to 1.00 June 30, 2008 3.50 to 1.00 September 30, 2008 3.25 to 1.00 December 31, 2008 3.25 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 The last day of each calendar quarter thereafter 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Loud Technologies Inc)

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Total Debt to Adjusted EBITDA Ratio. Borrowers Specified Companies will not permit the ratio of (ia) Total Debt on any date set forth below to (iib) Adjusted EBITDA for the twelve (12) month period ending on such date to exceed the ratio set forth below and measured as of such date: Date Ratio December 31, 2005 4.50 5.06 to 1.00 March 31, 2006 5.06 to 1.00 June 30, 2006 5.06 to 1.00 September 30, 2006 4.78 to 1.00 December 31, 2006 4.78 to 1.00 March 31, 2007 4.50 to 1.00 June 30, 2006 2007 4.50 to 1.00 September 30, 2006 4.25 to 1.00 December 31, 2006 4.25 to 1.00 March 31, 2007 4.00 to 1.00 June 30, 2007 4.00 to 1.00 September 30, 2007 3.50 3.94 to 1.00 December 31, 2007 3.50 3.94 to 1.00 March 31, 2008 3.50 3.94 to 1.00 June 30, 2008 3.50 3.94 to 1.00 Date Ratio September 30, 2008 3.25 3.66 to 1.00 December 31, 2008 3.25 3.66 to 1.00 March 31, 2009 3.25 3.66 to 1.00 June 30, 2009 3.25 3.66 to 1.00 The last day of each calendar quarter thereafter 3.00 3.38 to 1.00

Appears in 1 contract

Samples: Securities Purchase Agreement (Loud Technologies Inc)

Total Debt to Adjusted EBITDA Ratio. Borrowers Borrower will not permit the ratio of (i) Total Debt on any date set forth below to (ii) Adjusted EBITDA Ratio for the twelve (12) month period ending on such any date set forth below to exceed the ratio set forth below and measured as of opposite such date: Date Ratio Amount March 31, 2013 3.75 to 1.00 June 30, 2013 3.60 to 1.00 -71- Date Amount September 30, 2013 3.00 to 1.00 December 31, 2005 4.50 2013 2.50 to 1.00 March 31, 2006 4.50 2014 2.50 to 1.00 June 30, 2006 4.50 2014 2.50 to 1.00 September 30, 2006 4.25 2014 2.50 to 1.00 December 31, 2006 4.25 2014 2.50 to 1.00 March 31, 2007 4.00 2015 2.00 to 1.00 June 30, 2007 4.00 2015 2.00 to 1.00 September 30, 2007 3.50 2015 1.75 to 1.00 December 31, 2007 3.50 2015 1.75 to 1.00 March 31, 2008 3.50 2016 1.50 to 1.00 June 30, 2008 3.50 2016 1.25 to 1.00 September 30, 2008 3.25 2016 1.25 to 1.00 December 31, 2008 3.25 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 The 2016 and the last day of each calendar quarter ending thereafter 3.00 1.00 to 1.00

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Pernix Therapeutics Holdings, Inc.)

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Total Debt to Adjusted EBITDA Ratio. Borrowers The Credit Parties will not permit the ratio of (i) Total Debt on any as of the last day of the fiscal quarter ending closest to the date set forth below to (ii) Adjusted EBITDA for the twelve four (124) month fiscal quarter period ending on such date last day to exceed the ratio set forth below and measured as of opposite such date: Date Maximum Ratio December 31, 2005 4.50 to 1.00 March 31, 2006 4.50 to 1.00 June 30, 2006 4.50 to 1.00 September 30, 2006 4.25 4.50 to 1.00 December 31, 2006 4.25 4.50 to 1.00 March 31, 2007 4.00 4.25 to 1.00 June 30, 2007 4.00 4.25 to 1.00 September 30, 2007 3.50 4.00 to 1.00 December 31, 2007 3.50 3.75 to 1.00 March 31, 2008 3.50 3.75 to 1.00 June 30, 2008 3.50 to 1.00 September 30, 2008 3.25 to 1.00 December 31, 2008 3.25 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 The and the last day of each calendar quarter thereafter 3.00 3.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Comsys It Partners Inc)

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