Maximum Total Debt to EBITDA Ratio. As of the last day of each fiscal quarter of the Borrower, the Borrower shall not permit the ratio of (a) the consolidated Total Debt of the Borrower as of end of such fiscal quarter to (b) the consolidated EBITDA of the Borrower for the preceding four fiscal quarters then ended, to be greater than 3.25 to 1.00.
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Maximum Total Debt to EBITDA Ratio. As of the last day of each the fiscal quarter of the Borrowerending on each date set forth below, the Borrower shall not permit the ratio of (aA) the consolidated Total Debt of the Borrower as of end of such fiscal quarter date to (bB) the consolidated EBITDA of the Borrower for the preceding four fiscal quarters then endedending, to be greater than 3.25 to 1.00.the corresponding ratio set forth below:
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Sources: Credit Agreement (Integrated Electrical Services Inc)
Maximum Total Debt to EBITDA Ratio. As of the last day of each fiscal quarter of the Borrower, the Borrower shall not permit the ratio of (a) the consolidated Total Debt of the Borrower as of end of such fiscal quarter minus, so long as there are no outstanding Revolving Loans as of such date, cash on the consolidated balance sheet of the Borrower as of such date to (b) the consolidated EBITDA of the Borrower for the preceding four fiscal quarters then ended, to be greater than 3.25 to 1.00.the applicable ratios set forth below as of the dates indicated:
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Sources: Credit Agreement (Integrated Electrical Services Inc)