Total Funded Indebtedness to EBITDA Ratio. The Company will not permit the Total Funded Indebtedness to EBITDA Ratio, on the last day of any fiscal quarter to be greater than 3.75 to 1.00 as of the fiscal quarter ending June 30, 2018 and on each fiscal quarter ending thereafter.
Total Funded Indebtedness to EBITDA Ratio. The Parent will not permit its ratio of (i) Total Funded Indebtedness Borrower minus cash in excess of $5,000,000, in each case as of the last day of each fiscal quarter to (ii) EBITDA for the period of four consecutive fiscal quarters ended on the last day of such fiscal quarter, to be greater than 3.25 to 1.00.
Total Funded Indebtedness to EBITDA Ratio. Borrower shall not permit the ratio of (a) Total Funded Indebtedness as of such date, to (b) EBITDA for the four (4) fiscal quarters ending on the date of determination, as of the last day of each fiscal quarter of Borrower and its Subsidiaries to exceed 3.15 to 1.0 as of the last day of each fiscal quarter of Borrower and its Subsidiaries until and including June 30, 1999 and 3.0 to 1.0 after June 30, 1999.
Total Funded Indebtedness to EBITDA Ratio. Permit the ratio, determined as of the close of any quarterly period of any fiscal year of the Borrower, commencing with the quarterly period ending March 31, 2012, of (a) Indebtedness of the Borrower in respect of funded borrowed money, including the Loan Balance (exclusive, for the avoidance of doubt, of trade accounts payable and accrued liabilities, surety bonds, net unrealized losses or charges in respect of Commodity Hedge Agreements or Interest Rate Hedge Agreements and the undrawn, unexpired amount of all outstanding Letters of Credit, if such would otherwise be included) to (b) EBITDA determined as follows: Ending Xxxxx 00, 0000 XXXXXX for the quarterly period January 1, 2012 through March 31, 2012 multiplied by four Ending June 30, 2012 EBITDA for the period January 1, 2012 through June 30, 2012 multiplied by two Ending September 30, 2012 EBITDA for the period January 1, 2012 through September 30, 2012 multiplied by one and one third Ending December 31, 2012 and thereafter EBITDA for the twelve-month period ending on the last day of the relevant quarterly period (provided that for any calendar quarter in which any acquisitions or divestitures occur, EBITDA shall be determined on a pro forma basis as if the relevant acquisitions or divestitures were consummated on the first day of the relevant calendar quarter) to be greater than 2.50 to 1.00.
