Acquisition Subsidiary Debt Service Coverage Ratio. Commencing on the last day of the first fiscal quarter following the first Permitted Acquisition, and continuing quarterly thereafter, Borrower shall not permit the ratio of (i) Acquisition Subsidiary EBITDA to (ii) scheduled payments of interest and fees, to the extent carried as interest expense on Acquisition Subsidiary's consolidated financial statements, with respect to Acquisition Subsidiary Debt (and, if the period of measurement is less than 12 months, determined on an annualized basis), to be less than the amount set forth below for the corresponding period set forth below: ------------------------------- ---------------------------- ---------------------------- ---------------------------- Acquisition Subsidiary Deb Time Frame Date Tested Xxrvice Coverage Ratio Based on ---------- ----------- ---------------------- -------- ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly Last day of the first 1.50 to 1.00 Trailing 3 months Fiscal Quarter following the first Permitted Acquisition ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly Next Fiscal Quarter 1.50 to 1.00 Trailing 6 months Thereafter ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly Next Fiscal Quarter 1.50 to 1.00 Trailing 9 months Thereafter ------------------------------- ---------------------------- ---------------------------- ---------------------------- Quarterly Each Fiscal Quarter 1.50 to 1.00 Trailing 12 months Thereafter ------------------------------- ---------------------------- ---------------------------- ----------------------------
