Common use of Maximum Total Funded Debt to EBITDA Ratio Clause in Contracts

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.

Appears in 1 contract

Sources: Credit Agreement (Nortech Systems Inc)

Maximum Total Funded Debt to EBITDA Ratio. The Borrower will maintain maintain, during each period described below, 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 the ratio set forth opposite such period: Each fiscal quarter up to and including 9/30/07 4.25 to 1.00 12/31/07 to and including 6/30/2008 3.50 to 1.00 9/30/08 and thereafter 3.00 to 1.00.

Appears in 1 contract

Sources: Credit Agreement (Nortech Systems Inc)