Common use of Debt to EBIT Clause in Contracts

Debt to EBIT. Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store of Borrower occurs and measured on the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, the ratio of Borrower’s Debt to EBIT for such calendar quarter shall not exceed 16:1.0;

Debt to EBIT. Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store of such Established Franchisee Borrower occurs and measured on the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, the ratio of such Established Franchisee Borrower’s Debt to EBIT for such calendar quarter shall not exceed 16:1.0;

Debt to EBIT. Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store of such Established Franchisee Borrower occurs and measured on the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, the ratio of such Established Franchisee Borrower’s 's Debt to EBIT for such calendar quarter shall not exceed 16:1.0;