Examples of Borrower EBITDA in a sentence
Permit the ratio of (i) Annualized Borrower EBITDA for any fiscal quarter of the Borrower to (ii) Annualized Cash Interest Expense for such fiscal quarter to be less than 2.00 to 1.00.
Permit on any date during the term of this Agreement, the ratio of (i) Consolidated Net Debt on such date to (ii) Annualized Borrower EBITDA for the fiscal quarter of the Borrower most recently ended on or prior to such date to exceed 6.50 to 1.00.
Notwithstanding anything contained in this Agreement to the contrary, effective with the Calculation Date occurring on December 31, 1999, the financial covenants set forth in Sections 4I.[1], 4I.[2], and 4I.[3] of this Agreement and all other calculations required by this Agreement, including the calculations contained in the "Limitation of Commitment" Section of this Agreement, shall be calculated using EBITDA instead of Modified Borrower EBITDA.
As used in this Agreement, the following terms shall have the meanings set forth below: “Adjusted EBITDA” means, for the most recently ended fiscal quarter of Borrower, EBITDA of the ConsolidatedParties less Capital Reserves for all Properties for such period.
The ratio, calculated as of the end of each fiscal quarter of Borrowers beginning June 30, 1998 (each a "CALCULATION DATE"), of the consolidated (and combined, if applicable) Funded Debt of Borrowers as of each Calculation Date divided by the consolidated (and combined, if applicable) Modified Borrower EBITDA for Borrowers for the four (4) fiscal quarters of Borrowers immediately preceding the applicable Calculation Date shall not be greater than 3.50 to 1.00.