Leverage. The Guarantor will not permit at any time the ratio of (x) Consolidated Total Debt at such time to (y) Consolidated EBITDA for the then most recently concluded period of four consecutive fiscal quarters of the Guarantor to exceed 3.50 to 1.00.
Appears in 11 contracts
Sources: Five Year Senior Credit Agreement (Covidien Ltd.), 364 Day Senior Bridge Loan Agreement (Covidien Ltd.), Five Year Senior Credit Agreement (Tyco International LTD /Ber/)
Leverage. The Guarantor will not permit at any time the ratio ratio, as of (x) Consolidated Total Debt at such time to (y) Consolidated EBITDA for the then last day of the most recently concluded period of four consecutive fiscal quarters of the Guarantor Guarantor, of (x) Consolidated Total Debt on such date to (y) Consolidated EBITDA, for such four consecutive fiscal quarter period, to exceed 3.50 to 1.00.
Appears in 3 contracts
Sources: Senior Credit Agreement, Five Year Senior Credit Agreement (Covidien PLC), Senior Credit Agreement (Covidien PLC)