Coverage Test. Permit the ratio of (a) EBITDA, plus any permitted additions to EBITDA effected in accordance with Section 6.18 above, minus any and all dividends, distributions and/or redemption payments made by the Borrower to its shareholders or other holders of equity interests, to (b) Fixed Charges, to be less than 1.0 to 1.0 for any four (4) consecutive fiscal quarters ending on or after September 30, 2009. (d) The following new Section 6.20 is hereby added to the Loan Agreement:
Appears in 2 contracts
Sources: Loan Agreement (CVC California LLC), Loan Agreement (General Environmental Management, Inc)
Coverage Test. Permit the ratio of (a) EBITDA, plus any permitted additions to EBITDA effected in accordance with Section 6.18 above, minus any and all dividends, distributions and/or redemption payments made by the Borrower to its shareholders or other holders of equity interests, to (b) Fixed Charges, to be less than 1.0 to 1.0 for any four (4) consecutive fiscal quarters ending on or after September 30December 31, 2009.
(d) The following new Section 6.20 is hereby added to the Loan Agreement:
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (General Environmental Management, Inc)