Debt to Adjusted EBITDA Ratio. The Obligors shall not permit the Debt to Adjusted EBITDA Ratio as of the end of any Fiscal Quarter to exceed the ratio set forth below opposite the Fiscal Year in which such Fiscal Quarter occurs. 2009 6.9 to 1.0 2010 5.5 to 1.0 2011 5.0 to 1.0 2012 4.0 to 1.0 2013 and at any time thereafter 3.0 to 1.0
Appears in 1 contract
Sources: Export Prepayment Facility Agreement and Secured Loan (Fibria Celulose S.A.)
Debt to Adjusted EBITDA Ratio. The Obligors shall not permit the Debt to Adjusted EBITDA Ratio as of the end of any Fiscal Quarter to exceed the ratio set forth below opposite the Fiscal Year in which such Fiscal Quarter occurs. Fiscal Year Applicable Debt to Adjusted EBITDA Ratio 2009 6.9 to 1.0 2010 5.5 to 1.0 2011 5.0 to 1.0 2012 4.0 to 1.0 2013 and at any time thereafter 3.0 to 1.0
Appears in 1 contract
Sources: Export Prepayment Facility Agreement and Secured Loan (Votorantim Pulp & Paper Inc)