Maximum Total Debt to EBITDA Ratio. The Loan Parties will not permit the Total Debt to EBITDA Ratio on the last day of any fiscal quarter, determined for any period of four consecutive fiscal quarters ending on the last day of each fiscal quarter, to be greater than the ratio of 2.50 to 1.00.
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Sources: Credit Agreement (Biovail Corp International), Credit Agreement (Biovail Corp International)
Maximum Total Debt to EBITDA Ratio. The Loan Parties will not permit the Total Debt to EBITDA Ratio on the last day As of any fiscal quarter, determined for any period of four consecutive fiscal quarters ending on the last day of each fiscal quarterquarter of the Borrower, the Borrower shall not permit the ratio of (i) the consolidated Total Debt of the Borrower as of end of such fiscal quarter to (ii) the consolidated EBITDA of the Borrower for the preceding four fiscal quarters then ended, to be greater than the ratio of 2.50 3.50 to 1.00. Compliance with this paragraph (b) shall be determined based upon Schedule C of the applicable Compliance Certificate.
Appears in 1 contract
Sources: Amendment No. 2 (Integrated Electrical Services Inc)