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

Total Funded Debt to EBITDA Ratio. The VSE Entities will maintain as of the last day of each Fiscal Quarter occurring during the periods set forth below, on a consolidated basis, a Total Funded Debt to EBITDA Ratio of not more than the applicable ratio set forth in the table below: Testing Period Ending Maximum Total Funded Debt to EBITDA Ratio December 31, 2023 through and including June 30, 2024 4.75 to 1.00 September 30, 2024 4.50 to 1.00 December 31, 2024 through and including March 31, 2025 4.25 to 1.00 June 30, 2025 through and including June 30, 2025 4.00 to 1.00 September 30, 2025 and thereafter 3.75 to 1.00

Total Funded Debt to EBITDA Ratio. The VSE Entities will maintain as of the last day of each Fiscal Quarter occurring during the periods set forth below, on a consolidated basis, a Total Funded Debt to EBITDA Ratio of not more than the applicable ratio set forth in the table below: Testing Period Ending Maximum Total Funded Debt to EBITDA Ratio From the Third Amendment Effective Date through and including December 31, 2023 2021 4.50 to 1.00 From January 1, 2022 through and including June 30, 2024 4.75 2022 4.25 to 1.00 From July 1, 2022 through and including September 30, 2024 4.50 2022 4.00 to 1.00 From October 1, 2022 through and including December 31, 2024 2022 3.75 to 1.00 From January 1, 2023 through and including March 31, 2025 4.25 2023 3.50 to 1.00 June 30From April 1, 2025 through and including June 30, 2025 4.00 to 1.00 September 30, 2025 2023 and thereafter 3.75 3.25 to 1.00

Total Funded Debt to EBITDA Ratio. The VSE Entities will maintain as of the last day of each Fiscal Quarter occurring during the periods set forth below, on a consolidated basis, a Total Funded Debt to EBITDA Ratio of not more than the applicable ratio set forth in the table below: NAI-1513461614v2 Testing Period Ending Maximum Total Funded Debt to EBITDA Ratio From the Fourth Amendment Effective Date through and including June 30, 2023 4.50 to 1.00 From July 1, 2023 through and including December 31, 2023 4.25 to 1.00 From January 1, 2024 through and including June 30, 2024 4.75 4.00 to 1.00 September 30, 2024 4.50 to 1.00 December 31From July 1, 2024 through and including March 31, 2025 4.25 to 1.00 June 30, 2025 through and including June 30, 2025 4.00 to 1.00 September 30, 2025 2024 3.75 to 1.00 From October 1, 2024 and thereafter 3.75 3.50 to 1.00

Total Funded Debt to EBITDA Ratio. The VSE Entities will maintain as of the last day of each Fiscal Quarter occurring during the periods set forth below, on a consolidated basis, a Total Funded Debt to EBITDA Ratio of not more than the applicable ratio set forth in the table below: Testing Period Ending Maximum Total Funded Debt to EBITDA Ratio June 30, 2023 through and including September 30, 2023 5.00 to 1.00 December 31, 2023 through and including June 30, 2024 4.75 to 1.00 September 30, 2024 4.50 to 1.00 December 31, 2024 through and including March 31, 2025 4.25 to 1.00 June 30, 2025 through and including June 30, 2025 4.00 to 1.00 September 30, 2025 and thereafter 3.75 to 1.00

Total Funded Debt to EBITDA Ratio. The VSE Entities will maintain as of the last day of each Fiscal Quarter occurring during the periods set forth below, on a consolidated basis, a Total Funded Debt to EBITDA Ratio of not more than the applicable ratio set forth in the table below: Testing Period Ending Maximum Total Funded Debt to EBITDA Ratio December First Amendment Effective Date through and including March 31, 2023 2020 3.50 to 1.00 From April 1, 2020 through and including September 30, 2020 4.00 to 1.00 From October 1, 2020 through and including March 31, 2021 4.25 to 1.00 From April 1, 2021 through and including June 30, 2024 4.75 2021 4.00 to 1.00 From July 1, 2021 through and including September 30, 2024 4.50 2021 3.75 to 1.00 From October 1, 2021 through and including December 31, 2024 through and including March 31, 2025 4.25 2021 3.50 to 1.00 June 30From January 1, 2025 through and including June 30, 2025 4.00 to 1.00 September 30, 2025 2022 and thereafter 3.75 3.25 to 1.00