Common use of Adjusted Leverage Ratio Clause in Contracts

Adjusted Leverage Ratio. The Borrower will not permit the Adjusted Leverage Ratio as of any date during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio Effective Date through January 31, 2006 4.60 to 1.00 February 1, 2006 through July 29, 2006 4.55 to 1.00 July 30, 2006 through July 28, 2007 4.35 to 1.00 July 29, 2007 through July 26, 2008 4.20 to 1.00 Thereafter 4.05 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Dress Barn Inc)

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Adjusted Leverage Ratio. The As of any calculation date, the Borrower will shall not permit the Adjusted Leverage Ratio as of at any date time during any period set forth listed in Column A below to exceed be greater than the ratio set forth in Column B below opposite such period: Period Ratio Effective Column A Column B -------- -------- Period: Permitted Ratio: ------ ---------------- Closing Date through January September 30, 1998 6.75:1.0 October 1, 1998, through December 31, 2006 4.60 to 1.00 February 1999 6.25:1.0 January 1, 2006 2000, through July 29December 31, 2006 4.55 to 1.00 July 302000 5.75:1.0 January 1, 2006 2001, through July 28December 31, 2007 4.35 to 1.00 July 292001 5.25:1.0 January 1, 2007 through July 262002, 2008 4.20 to 1.00 Thereafter 4.05 to 1.00and thereafter 4.75:1.0

Appears in 1 contract

Samples: Loan Agreement (Gray Communications Systems Inc /Ga/)

Adjusted Leverage Ratio. The Borrower will not permit the Adjusted Leverage Ratio as of any date during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio Effective Date February 1, 2005 through July 31, 2005 4.80 to 1.00 August 1, 2005 through October 31, 2005 4.75 to 1.00 November 1, 2005 through January 31, 2006 4.60 to 1.00 February 1, 2006 through July 2931, 2006 4.55 to 1.00 July 30August 1, 2006 through July 2831, 2007 4.35 to 1.00 July 29August 1, 2007 through July 2631, 2008 4.20 to 1.00 Thereafter 4.05 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Dress Barn Inc)

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Adjusted Leverage Ratio. The As of any calculation date, the Borrower will shall not permit the Adjusted Leverage Ratio as of at any date time during any period set forth listed in Column A below to exceed be greater than the ratio set forth in Column B below opposite such period: Period Ratio Effective Date Column A Column B Period: Permitted Ratio: January 1, 1999, through January September 30, 1999 6.60:1.0 October 1, 1999, through March 31, 2006 4.60 to 1.00 February 2000 6.35:1.0 April 1, 2006 2000, through July 29December 31, 2006 4.55 to 1.00 July 302000 5.75:1.0 January 1, 2006 2001, through July 28December 31, 2007 4.35 to 1.00 July 292001 5.25:1.0 January 1, 2007 through July 262002, 2008 4.20 to 1.00 Thereafter 4.05 to 1.00and thereafter 4.75:1.0"

Appears in 1 contract

Samples: Loan Agreement (Gray Communications Systems Inc /Ga/)

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