Common use of Total Debt to EBITDA Clause in Contracts

Total Debt to EBITDA. As of the end of each of its fiscal quarters, the Borrower and its Subsidiaries shall maintain a ratio of consolidated Total Debt plus an amount equal to undrawn Letters of Credit under the Facility A Loan Commitment and any undrawn Letters of Credit under the Facility B Loan Commitment to consolidated trailing twelve (12) month EBITDA of not greater than (a) 4.25 to 1.00 for the fiscal quarter ending December 31, 2009, (b) 5.25 to 1.00 for the fiscal quarter ending March 31, 2010,

Appears in 1 contract

Sources: Loan and Security Agreement (Argyle Security, Inc.)

Total Debt to EBITDA. As of the end of each of its fiscal quarters, the Borrower and its Subsidiaries shall maintain a ratio of consolidated Total Debt plus an amount equal to undrawn Letters of Credit under the Facility A Loan Commitment and any undrawn Letters of Credit under the Facility B Loan Commitment to consolidated trailing twelve (12) month EBITDA for such fiscal quarter, of not greater than (a) 4.25 to 1.00 the ratios listed below for the fiscal quarter ending December 31, 2009, (b) 5.25 to 1.00 for the fiscal quarter ending corresponding reporting periods listed below: Closing - March 31, 2010,2009 4.00 to 1.00 April 30, 2009 - March 31, 2010 3.50 to 1.00 April 30, 2010 - thereafter 3.00 to 1.00

Appears in 1 contract

Sources: Loan and Security Agreement (Argyle Security, Inc.)

Total Debt to EBITDA. As of the end of each of its fiscal quarters, the Borrower and its Subsidiaries shall maintain a ratio of consolidated Total Debt plus an amount equal to undrawn Letters of Credit under the Facility A Loan Commitment and any undrawn Letters of Credit under the Facility B Loan Commitment to consolidated EBITDA for such fiscal quarter, of not greater than 3.25 to 1.00, on a trailing twelve (12) month EBITDA of not greater than (a) 4.25 to 1.00 for the fiscal quarter ending December 31, 2009, (b) 5.25 to 1.00 for the fiscal quarter ending March 31, 2010,basis.

Appears in 1 contract

Sources: Loan and Security Agreement (Rockwell Medical Technologies Inc)

Total Debt to EBITDA. As of the end of each of its fiscal quartersquarters beginning with the fiscal quarter ending December 31, 2008, the Borrower Borrowers and its their Subsidiaries shall maintain a ratio of consolidated Total Debt plus an amount equal to undrawn Letters of Credit under the Facility A Loan Commitment and any undrawn Letters of Credit under the Facility B Loan Commitment to consolidated EBITDA for such fiscal quarter, of not greater than 2.5 to 1.00, calculated on a trailing twelve (12) month EBITDA basis as of not greater than (a) 4.25 to 1.00 for the last day of each fiscal quarter ending December 31, 2009, (b) 5.25 to 1.00 for the fiscal quarter ending March 31, 2010,quarter.

Appears in 1 contract

Sources: Loan and Security Agreement (Hill International, Inc.)

Total Debt to EBITDA. As of the end of each of its fiscal quarters, the Borrower and its Subsidiaries shall maintain a ratio of consolidated Total Debt plus an amount equal to undrawn Letters of Credit under the Facility A Loan Commitment and any undrawn Letters of Credit under the Facility B Loan Commitment to consolidated trailing twelve (12) month EBITDA (a) for the fiscal quarters ending September 30, 2008 through the fiscal quarter ending September 30, 2009 of not greater than 4.00 to 1.00, and (ab) 4.25 to 1.00 and for the fiscal quarter quarters ending December 31, 2009, (b) 5.25 2009 and thereafter of not greater than 3.50 to 1.00 for the fiscal quarter ending March 31, 2010,1.00.

Appears in 1 contract

Sources: Loan and Security Agreement (Argyle Security, Inc.)

Total Debt to EBITDA. As of the end of each of its fiscal quarters, the Borrower and its Subsidiaries shall maintain a ratio of consolidated Total Debt plus an amount equal to undrawn Letters of Credit under the Facility A Loan Commitment and any undrawn Letters of Credit under the Facility B Loan Commitment to consolidated EBITDA for such fiscal quarter, of not greater than 3.5 to 1.00, calculated on a trailing twelve (12) month EBITDA basis as of not greater than (a) 4.25 to 1.00 for the last day of each fiscal quarter ending December 31, 2009, (b) 5.25 to 1.00 for the fiscal quarter ending March 31, 2010,quarter.

Appears in 1 contract

Sources: Loan and Security Agreement (Hill International, Inc.)

Total Debt to EBITDA. As of the end of each of its fiscal quarters, the Borrower and its Subsidiaries shall maintain a ratio of consolidated Total Debt plus an amount equal to undrawn Letters of Credit under the Facility A Loan Commitment and any undrawn Letters of Credit under the Facility B Loan Commitment to consolidated trailing twelve (12) month EBITDA of not greater than (a) 4.25 4.00 to 1.00 for the fiscal quarters ending September 30, 2008 through the fiscal quarter ending December 31, 2008, (b) 5.40 to 1.00 for fiscal quarters ending March 31, 2009, (bc) 5.25 to 1.00 for the fiscal quarter quarters ending March 31June 30, 20102009,

Appears in 1 contract

Sources: Loan and Security Agreement (Argyle Security, Inc.)