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.
The ratio of Borrower EBITDA to Total Debt Service during any six consecutive fiscal months (as determined at the end of each fiscal quarter for the six months then ended) shall be (i) not less than 1.20 to 1.00 until and through the month ended December 31, 2007, and (ii) not less than 2.00 to 1.00 thereafter.
The Borrower EBITDA Statement, together with the audited and unaudited financial statements of the Borrower set forth in Section 5.1(b) below, present fairly the consolidated financial condition of the Borrower and its consolidated Subsidiaries as at the end of the fiscal periods identified in each such financial statement, and the consolidated results of its operations and its consolidated cash flows for the respective fiscal periods then ended identified in each such financial statement.