Common use of Total Debt to EBITDA Clause in Contracts

Total Debt to EBITDA. [The Borrowers], as measured on a trailing four quarter basis, shall at all times maintain a ratio of (a) Funded Indebtedness to (b) EBITDA for such period, of not greater than: For the period commencing on the closing date through March 31, 2009 $3,250,000 to -$1,500,000; For the period commencing on April 1, 2009 through June 30, 2009 $3,250,000 to -$1,500,000; For the period commencing on July 1, 2009 through September 30, 2009 $3,250,000 to -$1,500,000; And thereafter to December 31, 2009 $3,250,000 to -$1,500,000;

Appears in 2 contracts

Sources: Credit Agreement (National Automation Services Inc), Credit Agreement (National Automation Services Inc)

Total Debt to EBITDA. [The Borrowers]Borrower, as measured on a trailing four quarter basis, shall at all times maintain a ratio of (a) Funded Indebtedness to (b) EBITDA for such period, of not greater than: For the period commencing on the closing date through March 31, 2009 2011 $3,250,000 2,500,000 to -$1,500,000; -$750,000 For the period commencing on April 1, 2009 2011 through June 30, 2009 2011 $3,250,000 2,500,000 to -$1,500,000; -$750,000 For the period commencing on July 1, 2009 2011 through September 30, 2009 2011 $3,250,000 2,500,000 to -$1,500,000; -$750,000 And thereafter $2,500,000 to December 31, 2009 $3,250,000 to -$1,500,000;-$750,000

Appears in 1 contract

Sources: Credit Agreement (TouchIT Technologies, Inc.)