Common use of EBITDA Ratio Clause in Contracts

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;

Appears in 1 contract

Sources: Loan and Security Agreement (Aaron's Inc)

EBITDA Ratio. An EBITDA Ratio of not less than: (i) 1.25 to 1 as As of the end of each fiscal quarter commencing with the fiscal quarter ending June 30quarter, 2011 through and including December 31, 2011; an EBITDA Ratio of not less than (iii) 1.50 0.40 to 1 as of the end of each fiscal quarter commencing with 1.0 for the fiscal quarter ending March 31, 2012 through 2016 and including June 30, 2012; (iiiii) 1.75 1.70 to 1 as of the end of for each fiscal quarter commencing with the calendar month ending September 31, 2012 through and including the fiscal quarter ending March 31, 2014;thereafter.

Appears in 1 contract

Sources: Loan and Security Agreement (Aaron's Inc)

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 March 31, 2014 through and including June 30, 2011 through and including December 31, 20112014; (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 September 30, 20122014; (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 December 31, 2014;

Appears in 1 contract

Sources: Loan and Security Agreement (Aaron's Inc)