Examples of Four Quarter EBITDA in a sentence
If Borrower either (i) acquires a utility company during the term of any credit hereunder and/or (ii) divests itself of a utility company during the term of any credit hereunder, Borrower’s Rolling Four Quarter EBITDA shall be adjusted to either include the Rolling Four Quarter EBITDA of the acquired entity or exclude the Rolling Four Quarter EBITDA of the divested entity, as applicable, which shall be subject to adjustment and qualification by Bank.
Borrower shall maintain on a consolidated basis as of the end of each fiscal quarter a Modified Quick Ratio of at least 1.25 to 1.00 until such time as Borrower's Four Quarter EBITDA, as evidenced by an Officer's Certificate submitted pursuant to Section 6.10(c) hereof, exceeds One Hundred Twenty-Five Million Dollars ($125,000,000); thereafter Borrower shall maintain on a consolidated basis as of the end of each fiscal quarter a Modified Quick Ratio of at least 1.00 to 1.00.
Fail to maintain a ratio of Trailing Four Quarter EBITDA to Fixed Charges of not less than 1.3 to 1.0.
Fail to maintain for the Borrower and all Subsidiaries on a consolidated basis a minimum Trailing Four Quarter EBITDA of $10,000,000.
Fail to maintain a ratio of Trailing Four Quarter EBITDA to Fixed Charges of less than 1.3:1.0.