Senior Funded Debt to Adjusted EBITDA Ratio Sample Clauses
Senior Funded Debt to Adjusted EBITDA Ratio. Not permit the Senior Funded Debt to Adjusted EBITDA Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION SENIOR FUNDED DEBT TO PERIOD ENDING: ADJUSTED EBITDA RATIO -------------- --------------------- Closing Date through 12/31/00 4.03 to 1.0 1/01/01 through 12/31/01 3.77 to 1.0 1/01/02 through 12/31/02 3.45 to 1.0 1/01/03 through 12/31/03 3.16 to 1.0 1/01/04 and thereafter 2.88 to 1.0.
Senior Funded Debt to Adjusted EBITDA Ratio. Section 10.6.4 of the Existing Credit Agreement is deleted in its entirety and the following is substituted therefor:
Senior Funded Debt to Adjusted EBITDA Ratio. Not permit the Senior Funded Debt to Adjusted EBITDA Ratio as of the last date of any Computation Period to exceed the applicable ratio set forth below:
Senior Funded Debt to Adjusted EBITDA Ratio. Maintain, as of the end of each fiscal quarter, a ratio of Senior Funded Debt to Adjusted EBITDA of not more than 4.75 to 1.0.
Senior Funded Debt to Adjusted EBITDA Ratio. Maintain as of the end of each calendar quarter a ratio of Senior Funded Debt to Adjusted EBITDA (as defined in Article One) of not more than 4.00 to 1.00, to be tested quarterly on a rolling four-quarter basis at the end of each quarter; provided, however, that such covenant shall apply only to the Revolving Loan and not to the Term Loan if and to the extent that the loan-to-value ratio of the Term Loan ever reaches less than or equal to fifty percent (50%), as determined by Bank in accordance with its review of an updated appraisal, in form and substance acceptable to Bank, to be paid for by the Term Loan Borrower, and in any event, not prior to the fifth (5th) anniversary of the Closing Date. After the fifth (5th) anniversary of the Closing Date, Borrower may request that Bank order such an updated appraisal no more than once per calendar year.
Senior Funded Debt to Adjusted EBITDA Ratio. The Borrower will not permit the Senior Funded Debt to Adjusted EBITDA Ratio, determined for the trailing twelve month period ending on each fiscal quarter end, to exceed 1.00 to 1.00.
Senior Funded Debt to Adjusted EBITDA Ratio. Section 10.6.4 is amended in its entirety to read as follows:
Senior Funded Debt to Adjusted EBITDA Ratio. On the Computation Date, the Senior Funded Debt to Adjusted EBITDA Ratio, which is required to be not more than ______ to 1.0 as of the fiscal quarter then ending was _______ to 1.0, as computed in the supporting documents attached hereto as Schedule 3.
Senior Funded Debt to Adjusted EBITDA Ratio. Maintain as of the end of each calendar quarter a ratio of Senior Funded Debt to Adjusted EBITDA (as defined in Article One) of not more than 4.00 to 1.00, to be tested quarterly on a rolling four-quarter basis at the end of each quarter; provided, however, that such covenant shall apply only to the Revolving Loan and not to the Term Loan if and to the extent that the loan-to-value ratio of the Term Loan ever reaches less than or equal to fifty percent (50%), as determined by Bank in accordance with its review of an updated appraisal, in form and substance acceptable to Bank, to be paid for by the Term Loan Borrower, and in any event, not prior to the fifth (5th) anniversary of the Closing Date. After the fifth (5th) anniversary of the Closing Date, Borrower may request that Bank order such an updated appraisal no more than once per calendar year.