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

Ratio of Total Funded Debt to EBITDA. As of the close of each fiscal quarter of the Company ending after the Closing Date, the Credit Parties and their respective Subsidiaries, for the period of the four consecutive fiscal quarters which end on such close, shall have a Ratio of Total Funded Debt to EBITDA of not greater than (i) 4.00:1 through March 30, 2003, (ii) 3.75:1 on March 31, 2003, thr▇▇▇▇ ▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇▇) 3.50:1 on June 30, 2003, through September 29, 2003, (iv) 3.25:1 on September 30, 2003, through December 30, 2003, (v) 3.00:1 on December 31, 2003, through June 29, 2004, and (vi) 2.75:1 on and after June 30, 2004.

Appears in 1 contract

Sources: Credit Agreement (Valley National Gases Inc)

Ratio of Total Funded Debt to EBITDA. As of the close of each fiscal quarter of the Company ending on or after the Closing Third Amendment Effective Date, the Credit Parties and their respective Subsidiaries, for the period of the four consecutive fiscal quarters which end on such close, shall have a Ratio of Total Funded Debt to EBITDA of not greater than (i) 4.00:1 3.75:1 through March 30, 2003, (ii) 3.75:1 on March 31, 2003, thr▇▇▇ ▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇) 3.50:1 on June 30, 2003, through September 29, 2003, (iv) 3.25:1 on September 30, 2003, through December 30, 2003, (v) 3.00:1 on December March 31, 20032004, through June 29, 2004, (iii) 3.25:1 on June 30, 2004, through September 29, 2004, (iv) 3.00:1 on September 30, 2004, through December 30, 2004, and (viv) 2.75:1 on and after June 30December 31, 2004. (f) Amendment of Section 5.02 (e). Section 5.02 (e) of the Credit Agreement is amended and restated in its entirety to read as follows:

Appears in 1 contract

Sources: Credit Agreement (Valley National Gases Inc)