Funded Debt/EBITDA Ratio

Example Definitions of "Funded Debt/EBITDA Ratio"
Funded Debt/EBITDA Ratio. Borrower shall not permit the aggregate Funded Debt during the annualized three (3) month period to exceed three (3) times the annualized trailing three (3) month EBITDA of Borrower, as measured on a quarterly basis on and after March 31, 2023. For the avoidance of doubt, EBITDA shall be calculated on an annualized run rate basis during the duration of the Second Amendment.
Found in SMART FOR LIFE, INC. contract
Funded Debt/EBITDA Ratio. Borrower shall not permit the aggregate Funded Debt during the annualized three (3) month period to exceed three (3) times the annualized trailing three (3) month EBITDA of Borrower, as measured on a quarterly basis on and after March 31, June 30, 2023. For the avoidance of doubt, EBITDA shall be calculated on an annualized run rate basis during the duration of the Second Amendment. basis.
Found in SMART FOR LIFE, INC. contract
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