Debt to EBITDA Ratio Sample Clauses
The Debt to EBITDA Ratio clause sets a financial covenant that limits the amount of debt a borrower can have relative to its earnings before interest, taxes, depreciation, and amortization (EBITDA). Typically, this clause requires the borrower to maintain a ratio below a specified threshold, which is periodically tested using the borrower's financial statements. By imposing this restriction, the clause helps lenders manage credit risk and ensures the borrower maintains a healthy financial position, reducing the likelihood of default.
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Debt to EBITDA Ratio. Commencing with the first full fiscal quarter after the Closing Date, the Parent shall maintain, as of the end of each fiscal quarter, a ratio of (i) Consolidated Funded Debt, excluding undrawn Letters of Credit and bank guarantees, to (ii) Consolidated EBITDA of the Parent and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than (x) for the first four full fiscal quarters ending after the Closing Date, 4.25 to 1.00, and (y) for each fiscal quarter thereafter, 4.00 to 1.00.
Debt to EBITDA Ratio. Maintain, as at the end of each fiscal quarter, a ratio of Consolidated Debt to EBITDA for the four fiscal quarters then ended of not greater than 3.50 to 1.00.
Debt to EBITDA Ratio. Maintain a Debt to EBITDA Ratio, as at the end of each fiscal quarter of the Borrower, of not more than 4.0:1.0.
Debt to EBITDA Ratio. Maintain, as of the end of each fiscal quarter, a ratio of Debt for Borrowed Money to Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the four quarters then ended of not greater than 3.5 to 1.
Debt to EBITDA Ratio. Maintain, as of the end of each fiscal quarter, a ratio of (i) Debt, excluding Debt in respect of Hedge Agreements, as of such date to (ii) Consolidated EBITDA of the Company and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than 4.0 to 1.0.
Debt to EBITDA Ratio. Maintain a ratio of Total Consolidated Debt to Consolidated EBITDA of the Company and its Subsidiaries for the four quarters most recently ended of not greater than 3.50:1.00.
Debt to EBITDA Ratio. The Borrower shall not permit the ratio, as of the last day of any fiscal quarter of Borrower, of (a) Borrower’s consolidated Debt on such date to (b) Borrower’s consolidated EBITDA for the four fiscal quarters most recently ended, to be greater than 3.25 to 1.00.
Debt to EBITDA Ratio. Permit the ratio of (i) Consolidated Total Debt as of the last day of any fiscal quarter of the Parent referred to below to (ii) EBITDA for the Reference Period with respect to such day to be more than the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Ratio Fiscal quarters from and including fourth quarter of fiscal 1995 through and including third quarter of fiscal 1996 4.75:1.00 Fiscal quarters from and including fourth quarter of fiscal 1996 through and including third quarter of fiscal 1997 4.35:1.00 Fiscal quarters from and including fourth quarter of fiscal 1997 through and including third quarter of fiscal 1998 4.00:1.00 Fiscal quarters from and including fourth quarter of fiscal 1998 through and including third quarter of fiscal 1999 3.75:1.00 Fourth quarter of fiscal 1999 and all fiscal quarters thereafter 3.50:1.00
Debt to EBITDA Ratio. Debt USD[ ] ÷ EBITDA USD[ ] =Debt to EBITDA ratio [ ] [maximum 5.5:1]
Debt to EBITDA Ratio. They will not permit the Debt to EBITDA Ratio as at the last day of any fiscal quarter to be greater than 3.25 to 1.0.