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Quarter Period.", "The Borrowers, on a <strong>Modified Consolidated Basis</strong>, will ensure that the Total Debt to EBITDA Ratio determined as at the last day of each Fiscal Quarter is not greater than 3.50:1, in respect of the immediately preceding Four Quarter Period.", "The Borrower, on a <strong>Modified Consolidated Basis</strong>, will ensure that the Senior Debt to EBITDA Ratio determined as at the last day of each Fiscal Quarter is not greater than 1.65:1 in respect of the immediately preceding Four Quarter Period.", "The Borrower, on a <strong>Modified Consolidated Basis</strong>, will ensure that the Total Debt to EBITDA Ratio determined as at the last day of each Fiscal Quarter is not greater than 3.75:1, in respect of the immediately preceding Four Quarter Period.", "Test The Borrowers, on a <strong>Modified Consolidated Basis</strong>, will maintain a Gross Margin per RCE of [AMOUNT REDACTED] or greater, determined as at the last day of each Fiscal Quarter in respect of the immediately preceding Fiscal Quarter.", "The Borrowers, on a <strong>Modified Consolidated Basis</strong>, will ensure that the Total Debt to EBITDA Ratio determined as at the last day of each Fiscal Quarter in respect of the immediately preceding Four Quarter Period, is not greater than 1.75:1.", "Notwithstanding clause (e) of the foregoing, upon the NEC Closing Date, the Borrowers, on a <strong>Modified Consolidated Basis</strong>, will ensure that the Total Debt to EBITDA Ratio determined as at the last day of each Fiscal Quarter thereafter is not greater than 3.50:1, in respect of the immediately preceding Four Quarter Period.", "The Borrower, on a <strong>Modified Consolidated Basis</strong>, will maintain a minimum trailing Four Quarter Period EBITDA of &lt;Redacted&gt; determined as at the last day of each Fiscal Quarter."], "related": [["adjusted-consolidated-ebitda", "Adjusted Consolidated EBITDA", "Adjusted Consolidated EBITDA"], ["annualized-consolidated-ebitda", "Annualized Consolidated EBITDA", "Annualized Consolidated EBITDA"], ["consolidated-total-debt-to-consolidated-ebitda-ratio", "Consolidated Total Debt to Consolidated EBITDA Ratio", "Consolidated Total Debt to Consolidated EBITDA Ratio"], ["adjusted-consolidated-net-tangible-assets", "Adjusted Consolidated Net Tangible Assets", "Adjusted Consolidated Net Tangible Assets"], ["consolidated-basis", "consolidated basis", "consolidated basis"]], "related_snippets": [], "updated": "2025-07-06T21:58:41+00:00"}, "json": true, "cursor": ""}}