EBITDA Ratio Sample Clauses
The EBITDA Ratio clause defines how a company's earnings before interest, taxes, depreciation, and amortization (EBITDA) are measured relative to another financial metric, such as total debt or interest expense. Typically, this clause sets a minimum or maximum ratio that the company must maintain, often as part of a loan agreement or financial covenant. For example, a lender may require the borrower to keep an EBITDA-to-interest ratio above a certain threshold to ensure the company generates enough cash flow to cover its debt obligations. The core function of this clause is to provide a financial safeguard for lenders or investors by monitoring the company's ability to meet its financial commitments and signaling potential financial distress early.
EBITDA Ratio. As of the end of each calendar month, an EBITDA Ratio of not less than 1:35 to 1.0.
EBITDA Ratio. Section 6.4(a) of the Loan Agreement is amended and restated as follows:
EBITDA Ratio. Ratio of EBITDA to the preceding twelve months interest expense plus the projected maturities of long-term debt for the next succeeding twelve months on a rolling basis, of not less than 1.25:1.00, to be measured annually. Debt/Tangible Net Worth. Maximum of 4.00: 1.00, to be measured annually. Limitation on Loans and Advances to Owners. Not to exceed $500,000 per calendar year.
EBITDA Ratio. The BORROWERS, on a consolidated basis, shall maintain a ratio of (a) EBITDA to (b) INTEREST EXPENSE plus the total amount of cash payments of principal on account of LONG TERM DEBT, of greater than 1.25:1.00, measured semi-annually on a year-to-date basis at December 31 and June 30 of each year.
EBITDA Ratio. Maintain, as of the end of each fiscal year, an EBITDA Ratio of not less than 1.25 to 1.0.
EBITDA Ratio. Osteotech, Inc. is not to cause or permit any of the following:
(a) For the first quarter of 2002, the earnings before interest, taxes, depreciation and amortization of Osteotech, Inc. and its Subsidiaries ("EBITDA") to be less than $1,100,000.00 (the fee payable pursuant to Section 6.15(b), attorneys' fees payable by the Borrower hereunder, appraisal fees, collateral review exam fees, counsel fees payable by the Borrower to implement the pledge of stock set forth in Article 4(c) and related expenses ("Excluded Expenses")) are not to be included in this determination);
(b) For the second quarter of 2002, EBITDA to be less than $1,920,000.00 (Excluded Expenses are not to be included in this determination);
(c) For the third quarter of 2002, the ratio of EBITDA less capital expenditures, less cash taxes (multiplied by 4) to the current maturities of long term debt plus interest expense, to be less than 1:1 (Excluded Expenses are not to be included in this determination);
(d) For the fourth quarter of 2002, a minimum EBITDA of $1,570,000.00 (Excluded Expenses are not to be included in this determination);
(e) For the first quarter of 2003, the ratio of EBITDA for such quarter less capital expenditures, less cash taxes (all multiplied by 4) to the current maturities of long term debt plus (first quarter interest expense multiplied by 4), to be less than 1:1 (Excluded Expenses are not to be included in this determination);
(f) For the second quarter of 2003, the ratio of EBITDA for the first and second quarters of 2003 less capital expenditures, less cash taxes (all divided by 2 and then multiplied by 4) to the current maturities of long term debt plus (interest expense -7- for the first and second quarters divided by 2 and then multiplied by 4), to be less than 1:1 (Excluded Expenses are not to be included in this determination);
(g) For the third quarter of 2003, the ratio of EBITDA for the first, second and third quarters of 2003 less capital expenditures, less cash taxes (all divided by 3 and then multiplied by 4) to the current maturities of long term debt plus (interest expense for the first, second and third quarters divided by 3 and then multiplied by 4), to be less than 1.25:1 (Excluded Expenses are not to be included in this determination);
(h) For the fourth quarter of 2003, the ratio of EBITDA for the first, second, third and fourth quarters of 2003 less capital expenditures, less cash taxes to the current maturities of long term debt plus interest ...
EBITDA Ratio. The Company will not permit the EBITDA Ratio to exceed 3.00 to 1."
EBITDA Ratio. An EBITDA Ratio of not less than:
(i) 1.25 to 1 as of the end of each fiscal quarter commencing with the fiscal quarter ending June 30, 2011 through and including December 31, 2011;
(ii) 1.50 to 1 as of the end of each fiscal quarter commencing with the fiscal quarter ending March 31, 2012 through and including June 30, 2012;
(iii) 1.75 to 1 as of the end of each fiscal quarter commencing with the calendar month ending September 31, 2012 through and including the fiscal quarter ending March 31, 2014;
EBITDA Ratio. Maintain, as of the end of each fiscal quarter of AGCO, the ratio of
(i) Consolidated EBITDA, to
(ii) (A) Consolidated Net Interest Expense, plus
EBITDA Ratio. Parent shall achieve, on a consolidated basis, as measured as of the end of each of its fiscal quarters, a minimum ratio of EBITDA for the twelve-month period ending on the date of measurement to total, actual, interest expense for such twelve-month period, of not less than 1.1 to 1.0.