Total Debt to EBITDA. Maintain on a consolidated basis, a ratio of Total Debt to EBITDA of not greater than, (x) during the period commencing from the date hereof and ending on the first anniversary of the date hereof, 3.25 to 1.0, (y) during the period commencing from the first anniversary of the date hereof and ending on the second anniversary of the date hereof, 3.0 to 1.0 and (z) thereafter, 2.5 to1.0;
Appears in 4 contracts
Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)