Common use of Total Debt to EBITDA Clause in Contracts

Total Debt to EBITDA. As of the end of any fiscal quarter of WMI, WMI will not permit the ratio of (a) Total Debt to (b) EBITDA for the four fiscal quarters then ending to exceed 3.50:1.00.

Appears in 2 contracts

Samples: Assignment Agreement (Waste Management Inc), Credit Agreement (Waste Management Inc)

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Total Debt to EBITDA. As of the end of any fiscal quarter of WMI, WMI will not permit the ratio of (a) Total Debt to (b) EBITDA for the four fiscal quarters then ending to exceed 3.50:1.00.” is deleted in its entirety and replaced with the following:

Appears in 1 contract

Samples: First Amendment Agreement (Waste Management Inc)

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Total Debt to EBITDA. As of the end of any fiscal quarter of WMI, WMI will not permit the ratio of (a) Total Debt to (b) EBITDA for the four fiscal quarters then ending to exceed (i) for each fiscal quarter of WMI ending before September 30, 2015, 3.75:1.00, and (ii) for each fiscal quarter of WMI ending on or after September 30, 2015, 3.50:1.00.”

Appears in 1 contract

Samples: First Amendment Agreement (Waste Management Inc)

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