Debt to Adjusted EBITDA. (a) The total outstanding amount of Debt (excluding Permitted Risk Retention Debt) of Borrower and its Subsidiaries on a Stand Alone Basis as of the last day of the four fiscal quarter period of the Borrower ending ___________, ___ is equal to $________________. (b) The Adjusted EBITDA of Borrower and its Subsidiaries on a Stand Alone Basis for the four fiscal quarter period of the Borrower ending ___________, ___ is equal to $________________. (c) The ratio obtained by dividing the amount under clause (a) of this Item 2 by the amount under clause (b) of this Item 2 is __________, which is less than or equal to (x) if the amount under clause (a) does not exceed $[β], 4.00:1.00 and (y) if the amount under clause (a) does exceed $[β], 3.00:1.00, in each case, set forth in Section 6.12(b) of the Credit Agreement. (d) A calculation of each component of Adjusted EBITDA for the four fiscal quarter period of the Borrower ending ___________, ___ is shown below: [___]
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement (Fifth Street Asset Management Inc.)