Total Debt Clause Samples
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Total Debt. The Company will not permit Consolidated Total Debt as at the end of any fiscal quarter of the Company to exceed:
(i) during the period ending December 31, 2018, 400% of Consolidated EBITDA for the 12 month period ending on such date;
(ii) during the period beginning January 1, 2019 and ending on December 31, 2019, 425% of Consolidated EBITDA; provided that for the purposes of this covenant, Consolidated EBITDA for the fiscal quarter ending on (i) March 31, 2019, shall be Consolidated EBITDA determined for the 3 month period commencing January 1, 2019 and ending on March 31, 2019, multiplied by four; (ii) June 30, 2019, shall be Consolidated EBITDA determined for the 6 month period commencing January 1, 2019 and ending on June 30, 2019, multiplied by two; (iii) September 30, 2019, shall be Consolidated EBITDA determined for the 9 month period commencing January 1, 2019 and ending on September 30, 2019, multiplied by 1.3333; and December 31, 2019, shall be Consolidated EBITDA determined for the 12 month period commencing January 1, 2019 and ending on December 31, 2019; and
(iii) at all times thereafter, 400% of Consolidated EBITDA for the 12 months ending on the last day of such fiscal quarter.
Total Debt. With respect to EPR and any of its Subsidiaries, all Indebtedness, plus the face amount of any undrawn letters of credit, plus any Contingent Obligations.
Total Debt. The Company will not at any time permit Consolidated Total Debt to exceed any of the following:
(i) (A) two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth prior to the effective date of the Second Amendment, and (B) two hundred percent (200%) of Consolidated Tangible Net Worth from the effective date of the Second Amendment until such time (but in no event prior to December 31, 1998) as the Company has maintained a ratio of (A) Consolidated Income Available for Fixed Charges for the four consecutive fiscal quarters of the Company most recently ended at such time to (B) Consolidated Fixed Charges for such period of not less than 2.25 to 1.0 for two consecutive fiscal quarters, then two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth, provided however, that for the purposes of this test, Consolidated Total Debt shall be calculated by including all Debt incurred by a Special Purpose Subsidiary, whether or not included therein under GAAP;
(ii) eighty-five percent (85%) of Advances; and
(iii) sixty percent (60%) of Gross Current Installment Contract Receivables.".
Total Debt. The total Debt of all Consolidated Subsidiaries of the Borrower, excluding the Debt, if any, owed by such Consolidated Subsidiaries to the Borrower or another Consolidated Subsidiary of the Borrower, will at no time exceed an amount equal to $500,000,000 (or the Exchange Equivalent thereof).
Total Debt. The sum, without duplication, of all (1) Indebtedness of the Borrower on a consolidated basis under subsections (a) through (h) of the definition of “Indebtedness” (provided, however, that Indebtedness with respect to Permitted Receivables Transactions shall not be included in such calculation), plus (2) non-contingent reimbursement obligations of the Borrower and its Subsidiaries with respect to drawings under any letters of credit.
Total Debt. The aggregate Total Debt outstanding at any one time of Borrowers, The Summit Group, Inc. and any other affiliates or subsidiaries of The Summit Group, Inc. and either Borrower shall not exceed $450,000,000.00.
Total Debt. Permit Consolidated Indebtedness to (i) exceed $465,000,000 at any time on or before September 30, 1999 or (ii) exceed $475,000,000 at any time after December 31, 1999. Section 4 - Overadvance Amount.
Total Debt. In respect of the period commencing on 31 March 2003, the Borrower shall procure that the Total Debt of the Group during any month is at no time greater than the amount set out below in respect of such month; provided that the amounts set out in the second column below shall on any date be reduced by an amount equal to the Net Cash Proceeds received prior to such date in respect of any Disposal of Parthenon or Trout to the extent such amount exceeds the amount of such proceeds forecast to have received on such date in respect of such Disposal in the Initial Liquidity Plan. March 2003 EUR7,000,000,000 April 2003 EUR7,500,000,000 May 2003 EUR7,500,000,000 June 2003 EUR6,800,000,000 July 2003 EUR6,800,000,000 August 2003 EUR6,800,000,000 September 2003 EUR6,800,000,000 October 2003 EUR6,000,000,000 November 2003 EUR6,000,000,000 December 2003 EUR6,000,000,000
Total Debt. The sum of (without duplication) all Indebtedness of the Borrower and the Company included in the liabilities portion of the Borrower's balance sheet prepared in accordance with Generally Accepted Accounting Principles as of the end of the most recent fiscal quarter for which financial statements have been provided pursuant to Section 7.4.
Total Debt. 385 -------- 182,028 502 ------- 15,234