Leverage Ratios. The Borrower shall not permit (i) the ratio of (a) the aggregate principal amount of Funded Senior Debt outstanding at any time of the Borrower and its Subsidiaries to (b) EBITDA for the Test Period then most recently ended to exceed (A) 2.75:1.00 at any time on or prior to the last day of the fiscal year ending on or about December 31, 1999 and (B) 1.50:1.00 at any time thereafter; or (ii) the ratio of (a) the aggregate principal amount of Funded Debt outstanding at any time of the Borrower and its Subsidiaries to (b) EBITDA for the Test Period then most recently ended to exceed (A) 3.50:1.00 at any time on or prior to the last day of the fiscal year ending on or about December 31, 1999 and (B) 2.50:1.00 at any time thereafter.
Appears in 3 contracts
Sources: Credit Agreement (Inacom Corp), Credit Agreement (Inacom Corp), Credit Agreement (Inacom Corp)