Total Debt to EBITDA. As of the end of any fiscal quarter of the Borrower commencing with the fiscal quarter ending September 30, 1998, the ratio of Total Debt to EBITDA shall not exceed 3.00:1 at any time. For the purposes of this Section 9.2, EBITDA shall be calculated on an annualized basis for the fiscal quarters ending September 30, 1998 through the fiscal quarter ending March 31, 1999, and thereafter, for the four fiscal quarters then ending.
Appears in 3 contracts
Sources: Quarterly Report, Quarterly Report, Revolving Credit Agreement (Waste Management Inc)
Total Debt to EBITDA. As of the end of any fiscal quarter Each of the Borrower commencing with and the fiscal quarter ending September 30, 1998, Subsidiaries agree that it will not permit on a consolidated basis the ratio of Total Debt to EBITDA shall not to exceed 3.00:1 (i) 3.00 to 1.00 through June 30, 1997 measured for the period of July 1, 1996 through June 30, 1997, or (ii) 2.25 to 1.0 at any time. For time after June 30, 1997, measured on the purposes last day of this Section 9.2, EBITDA shall be calculated on an annualized basis each fiscal quarter hereafter for the fiscal quarters ending twelve (12) month period then ended, with the first such twelve (12) month period being the period of October 1, 1996 through September 30, 1998 through the fiscal quarter ending March 31, 1999, and thereafter, for the four fiscal quarters then ending1997.
Appears in 2 contracts
Sources: Loan Agreement (Computer Products Inc), Loan Agreement (Computer Products Inc)
Total Debt to EBITDA. As of the end of any fiscal quarter of the Borrower commencing with the fiscal quarter ending September 30, 1998, the ratio of Total Debt to EBITDA shall not exceed 3.00:1 at any time. For the purposes of this Section 9.210.2, EBITDA shall be calculated on an annualized basis for the fiscal quarters ending September 30, 1998 through the fiscal quarter ending March 31, 1999, and thereafter, for the four fiscal quarters then ending.
Appears in 1 contract