Total Funded Debt to Adjusted EBITDA Ratio. Pursuant to Section 5.9(b) of the Credit Agreement, the Total Funded Debt to Adjusted EBITDA Ratio as of the Reporting Date was ____ to 1.00, which ¨ satisfies ¨ does not satisfy the requirement that such amount be not greater than 2.25 to 1.00 as of such date.
Total Funded Debt to Adjusted EBITDA Ratio. Commencing with the fiscal quarter ending September 30, 2016 and until such time as all Obligations are paid, satisfied and discharged in full, the Companies shall not, as of the end of any fiscal quarter, permit the applicable ratio set forth in the table below to exceed the amount set forth therein:
(A) Total Funded Debt (calculated without giving effect to any Indebtedness that is subordinate both to the Penta Debt) to (B) Adjusted EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date to exceed 4.0x For the purposes of this Section 6.4, Adjusted EBITDA (1) for the measurement period ending on September 30, 2016, shall equal the Adjusted EBITDA for the fiscal quarter ending September 30, 2016 multiplied by 4, (2) for the measurement period ending on December 31, 2016, shall equal the sum of Adjusted EBITDA for the fiscal quarters ending September 30, 2016 and December 31, 2016, multiplied by 2 and (3) for the measurement period ending on March 31, 2017, shall equal the sum of the Adjusted EBITDA for the fiscal quarters ending September 30, 2016, December 31, 2016 and March 31, 2017, multiplied by 4 and divided by 3.
Total Funded Debt to Adjusted EBITDA Ratio. The Company will not permit the ratio of (i) the consolidated Total Funded Debt of the Company and its Subsidiaries as of the last day of any fiscal quarter of the Company ending during any test period set forth in the table below, to (ii) Adjusted EBITDA for the period of four consecutive fiscal quarters ending on the same day, to be greater than the ratio set forth opposite such test period below: Four Fiscal Ratio Quarters Ending ----- September 30, 2001 3.50:1 December 31, 2001 and thereafter 2.50:1
(c) Section 9.1.12 of the Credit Agreement is hereby amended to read in its entirety as follows:
Total Funded Debt to Adjusted EBITDA Ratio. Commencing with the fiscal quarter ending March 31, 2016 and until such time as all Obligations are paid, satisfied and discharged in full, the Companies shall not, as of the end of any fiscal quarter, permit the applicable ratio set forth in the table below to exceed the amount set forth therein: If as of the end of any fiscal quarter: Both the Target 1 Acquisition and the Target 2 Acquisition have been consummated (x) the Target 1 Acquisition and the Target 2 Acquisition have not been consummated or (y) only Target 2 Acquisition has been consummated Applicable ratio: (A) Total Funded Debt (calculated without giving effect to any Indebtedness that is subordinate to the Obligations) to (B) Adjusted EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date to exceed 4.0x (A) Total Funded Debt (calculated without giving effect to the Little Harbor Debt) to (B) Adjusted EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date to exceed 4.0x For the purposes of this clause (c), Adjusted EBITDA (1) for the measurement period ending on March 31, 2016, shall equal the Adjusted EBITDA for the fiscal quarter ending March 31, 2016 multiplied by 4, (2) for the measurement period ending on June 30, 2016, shall equal the sum of Adjusted EBITDA for the fiscal quarters ending March 31, 2016 and June 30, 2016, multiplied by 2 and (3) for the measurement period ending on September 30, 2016, shall equal the sum of the Adjusted EBITDA for the fiscal quarters ending March 31, 2016, June 30, 2016 and September 30, 2016, multiplied by 4 and divided by 3.
Total Funded Debt to Adjusted EBITDA Ratio. The Company will not permit the ratio of (i) the consolidated Total Funded Debt of the Company and its Subsidiaries as of the last day of any fiscal quarter of the Company ending during any test period set forth in the table below, to (ii) Adjusted EBITDA for the period of four consecutive fiscal quarters ending on the same day, to be greater than the ratio set forth opposite such test period below: Four Fiscal Quarters Ending Ratio --------------- ----- June 30, 2001 3.25:1 September 30, 2001 2.50:1 and thereafter
(d) All references in the Credit Agreement to "Summit Bank" are hereby amended to read "Fleet National Bank".
Total Funded Debt to Adjusted EBITDA Ratio. [Deleted]
(f) Section 5.1(l) of the Master Agreement is hereby amended to read in its entirety as follows:
Total Funded Debt to Adjusted EBITDA Ratio. As at the Determination Date, the Total Funded Debt to Adjusted EBITDA Ratio was <*>:1.0;
Total Funded Debt to Adjusted EBITDA Ratio. To maintain on a consolidated basis a ratio of Total Funded Debt to Adjusted EBITDA not exceeding 3.0:1.0.
Total Funded Debt to Adjusted EBITDA Ratio. The Company will not permit the ratio of (i) the consolidated Total Funded Debt of the Company and its Subsidiaries as of the last day of any fiscal quarter of the Company ending during any test period set forth in the table below, to (ii) Adjusted EBITDA for the period of four consecutive fiscal quarters ending on the same day, to be greater than the ratio set forth opposite such test period below: Four Fiscal Quarters Ending Ratio --------------- ------ September 30, 2001 3.50:1 December 31, 2001 2.50:1 and thereafter
Total Funded Debt to Adjusted EBITDA Ratio. Commencing with the fiscal quarter ending September 30, 2016 and until such time as all Obligations are paid, satisfied and discharged in full, the Companies shall not, as of the end of any fiscal quarter, permit the applicable ratio set forth in the table below to exceed the amount set forth therein:
