Maximum Total Funded Debt to EBITDA Ratio Sample Clauses
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Maximum Total Funded Debt to EBITDA Ratio. Parent and its consolidated Subsidiaries shall not permit the ratio of Total Funded Debt to EBITDA to exceed 3.00 to 1.00, tested at the end of each fiscal quarter of Parent, commencing June 30, 2014, all as determined, in the case of Total Funded Debt, on the date of determination, and in the case of EBITDA, for the preceding four fiscal quarters of Parent and its consolidated Subsidiaries ending on the date of determination. This covenant shall be tested quarterly at the end of each fiscal quarter.
Maximum Total Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter ending on the dates set forth below, a Total Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of less than the following: June 30, 2014 7.50:1.00 September 30, 2014 7.50:1.00 December 31, 2014 7.50:1.00 March 31, 2015 7.50:1.00 June 30, 2015 7.50:1.00 September 30, 2015 7.00:1.00 December 31, 2015 6.25:1.00 March 31, 2016 6.25:1.00 June 30, 2016 6.25:1.00 September 30, 2016 6.25:1.00 December 31, 2016 5.50:1.00 March 31, 2017 5.50:1.00 June 30, 2017 5.50:1.00 September 30, 2017 5.50:1.00 December 31, 2017 5.50:1.00 March 31, 2018 5.50:1.00 June 30, 2018 and thereafter 5.25:1.00
Maximum Total Funded Debt to EBITDA Ratio. 1. Total Funded Debt $________
2. EBITDA $________ (from Item A(3) above)
3. Ratio of (1) to (2) ____ to 1
4. Maximum allowed ____ to 1
Maximum Total Funded Debt to EBITDA Ratio. The Company and its consolidated Subsidiaries shall not permit the ratio of Total Funded Debt to EBITDA to exceed the following ratio as of the following dates, all as determined, in the case of Total Funded Debt, on the date of determination, and in the case of EBITDA, for the preceding four fiscal quarters of the Company and its consolidated Subsidiaries ending on the date of determination: June 30, 2006 and at the end of each fiscal quarter thereafter through and including March 31, 2009 2.50 to 1.00 June 30, 2009 and at the end of each fiscal quarter thereafter 3.00 to 1.00”
Maximum Total Funded Debt to EBITDA Ratio. The Borrower will maintain its ratio of Total Funded Debt to EBITDA, determined on a consolidated basis as at the end of each fiscal quarter on a rolling four quarter basis, at not more than 3.00 to 1.00.
Maximum Total Funded Debt to EBITDA Ratio. Section 5(b) of the Credit Agreement. Required Funded Debt to EBITDA Ratio shall be not more than:
Maximum Total Funded Debt to EBITDA Ratio. Maintain, as of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 1999, a Total Funded Debt to EBITDA Ratio of not greater than 2.75:1.00.
Maximum Total Funded Debt to EBITDA Ratio. Not permit the Total Funded Debt to EBITDA Ratio, as measured on a rolling four quarter basis, to be greater than the amounts for the Fiscal Quarters ending as indicated below: 3/31/2023 – 6/30/2024 3.00 to 1.0
Maximum Total Funded Debt to EBITDA Ratio. Total Funded Debt $ 2. EBITDA $ (from Item A(3) above) $
Maximum Total Funded Debt to EBITDA Ratio. As of the dates set ----------------------------------------- forth below, the Company will not permit the ratio of Total Funded Debt to EBITDA for the twelve (12) month period ending on such dates to be more than the ratio set forth opposite such date: Twelve Month Period Ending Total Funded Debt to EBITDA Ratio -------------------------- --------------------------------- December 31, 1998 10 to 1 March 31, 1999 3.5 to 1 June 30, 1999 and the last day 2.5 to 1 of each fiscal quarter of the Company thereafter