Adjusted Total Leverage Ratio. The Borrower will not permit the Adjusted Total Leverage Ratio on the last day of any fiscal quarter specified below to exceed the respective ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ended Closest to Ratio ------------------------------- -------- September 30, 2003 3.50:1.0 December 31, 2003 3.50:1.0 March 31, 2004 3.50:1.0 June 30, 2004 3.50:1.0 September 30, 2004 3.25:1.0 December 31, 2004 3.25:1.0 March 31, 2005 3.25:1.0 June 30, 2005 3.25:1.0 September 30, 2005 3.00:1.0 December 31, 2005 3.00:1.0 March 31, 2006 3.00:1.0 June 30, 2006 3.00:1.0 September 30, 2006 2.75:1.0 December 31, 2006 2.75:1.0 Thereafter 2.50:1.0 Notwithstanding anything contrary contained above or elsewhere in this Agreement, (i) all calculations of compliance with this Section 9.10 shall be made on a Pro Forma Basis and (ii) in no event shall the Adjusted Total Leverage Ratio be greater than the Maximum Permitted Acquisition Leverage Ratio upon the consummation of, and after giving effect on a Pro Forma Basis to, any Permitted Acquisition.
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Adjusted Total Leverage Ratio. The Borrower RPP USA will not permit the ----------------------------- Adjusted Total Leverage Ratio on the last day of any fiscal quarter of RPP USA specified below to exceed the respective ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ended Closest to Ending Ratio ------------------------------- -------- --------------------- ----- March 31, 2001 5.75:1.0 June 30, 2001 5.75:1.0 September 30, 2001 5.75:1.0 December 31, 2001 5.75:1.0 -98- Fiscal Quarter Ending Ratio --------------------- ----- March 31, 2002 5.75:1.0 June 30, 2002 5.75:1.0 September 30, 2002 5.75:1.0 December 31, 2002 5.25:1.0 March 31, 2003 5.25:1.0 June 30, 2003 5.25:1.0 September 30, 2003 3.50:1.0 5.25:1.0 December 31, 2003 3.50:1.0 5.00:1.0 March 31, 2004 3.50:1.0 5.00:1.0 June 30, 2004 3.50:1.0 5.00:1.0 September 30, 2004 3.25:1.0 5.00:1.0 December 31, 2004 3.25:1.0 4.75:1.0 March 31, 2005 3.25:1.0 4.75:1.0 June 30, 2005 3.25:1.0 4.75:1.0 September 30, 2005 3.00:1.0 4.75:1.0 December 31, 2005 3.00:1.0 4.50:1.0 March 31, 2006 3.00:1.0 4.50:1.0 June 30, 2006 3.00:1.0 4.50:1.0 September 30, 2006 2.75:1.0 December 31, 2006 2.75:1.0 4.50:1.0 Thereafter 2.50:1.0 4.00:1.0 Notwithstanding anything contrary contained above or elsewhere in this Agreement, (i) all calculations of compliance with this Section 9.10 shall be made on a Pro Forma Basis and (ii) in no event shall the Adjusted Total Leverage --- ----- Ratio be greater than the Maximum Permitted Acquisition Leverage Ratio upon the consummation of, and after giving effect on a Pro Forma Basis to, any Permitted --- ----- Acquisition.
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Samples: Credit Agreement (RPP Capital Corp)
Adjusted Total Leverage Ratio. The US Borrower will not ------------------------------ permit the Adjusted Total Leverage Ratio on the last day of any fiscal quarter of the US Borrower specified below to exceed the respective ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ended Closest to Ending Ratio ------------------------------- -------- --------------------- ----- March 31, 2002 5.50:1.0 June 30, 2002 5.50:1.0 September 30, 2002 5.50:1.0 136 Fiscal Quarter Ending Ratio --------------------- ----- December 31, 2002 5.50:1.0 March 31, 2003 5.25:1.0 June 30, 2003 5.25:1.0 September 30, 2003 3.50:1.0 5.25:1.0 December 31, 2003 3.50:1.0 5.25:1.0 March 31, 2004 3.50:1.0 5.00:1.0 June 30, 2004 3.50:1.0 5.00:1.0 September 30, 2004 3.25:1.0 5.00:1.0 December 31, 2004 3.25:1.0 5.00:1.0 March 31, 2005 3.25:1.0 4.50:1.0 June 30, 2005 3.25:1.0 4.50:1.0 September 30, 2005 3.00:1.0 4.50:1.0 December 31, 2005 3.00:1.0 4.50:1.0 March 31, 2006 3.00:1.0 4.00:1.0 June 30, 2006 3.00:1.0 4.00:1.0 September 30, 2006 2.75:1.0 4.00:1.0 December 31, 2006 2.75:1.0 4.00:1.0 March 31, 2007 4.00:1.0 June 30, 2007 4.00:1.0 Thereafter 2.50:1.0 3.50:1.0 Notwithstanding anything contrary contained above or elsewhere in this Agreement, (ia) all calculations of compliance with this Section 9.10 7.10 shall be made on a Pro Forma Basis and (iib) in no event shall the Adjusted Total Leverage Ratio be greater than the Maximum Permitted Acquisition Leverage Ratio upon the consummation of, and after giving effect on a Pro Forma Basis to, any Permitted Acquisition.
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Adjusted Total Leverage Ratio. The Borrower Holdings will not permit the Adjusted Total Leverage Ratio on the last day of any fiscal quarter specified below to exceed the respective ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ended Closest to Ratio ------------------------------- -------- September 30, 2003 3.50:1.0 -------------------- --------- December 31, 2003 3.50:1.0 4.95:1.00 March 31, 2004 3.50:1.0 4.95:1.00 June 30, 2004 3.50:1.0 4.95:1.00 September 30, 2004 3.25:1.0 4.95:1.00 December 31, 2004 3.25:1.0 4.75:1.00 March 31, 2005 3.25:1.0 4.75:1.00 June 30, 2005 3.25:1.0 4.75:1.00 September 30, 2005 3.00:1.0 4.75:1.00 December 31, 2005 3.00:1.0 4.50:1.00 March 31, 2006 3.00:1.0 4.50:1.00 June 30, 2006 3.00:1.0 4.50:1.00 September 30, 2006 2.75:1.0 4.50:1.00 December 31, 2006 2.75:1.0 4.00:1.00 March 31, 2007 4.00:1.00 June 30, 2007 4.00:1.00 September 30, 2007 4.00:1.00 Thereafter 2.50:1.0 3.50:1.00 Notwithstanding anything contrary contained above or elsewhere in this Agreement, (i) all calculations of compliance with this Section 9.10 shall be made on a Pro Forma Basis and (ii) in no event shall the Adjusted Total Leverage Ratio be greater than the Maximum Permitted Acquisition Leverage Ratio upon the consummation of, and after giving effect on a Pro Forma Basis to, any Permitted Acquisition.
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Adjusted Total Leverage Ratio. The Borrower will not permit the Adjusted Total Leverage Ratio on the last day of any fiscal quarter specified below to exceed the respective ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ended Closest to Ratio ------------------------------- -------- FISCAL QUARTER ENDED RATIO ------------------- ------ March 31, 1998 5.75:1.00 June 30, 1998 5.75:1.00 September 30, 1998 5.50:1.00 December 31, 1998 5.25:1.00 March 31, 1999 5.25:1.00 June 30, 1999 5.00:1.00 September 30, 1999 5.00:1.00 December 31, 1999 4.75:1.00 March 31, 2000 4.75:1.00 June 30, 2000 4.50:1.00 September 30, 2000 4.50:1.00 December 31, 2000 4.25:1.00 March 31, 2001 4.25:1.00 June 30, 2001 4.00:1.00 September 30, 2001 4.00:1.00 December 31, 2001 4.00:1.00 March 31, 2002 4.00:1.00 June 30, 2002 3.75:1.00 September 30, 2002 3.75:1.00 December 31, 2002 3.75:1.00 March 31, 2003 3.75:1.00 June 30, 2003 3.75:1.00 September 30, 2003 3.50:1.0 3.75:1.00 December 31, 2003 3.50:1.0 3.75:1.00 March 31, 2004 3.50:1.0 June 30, 2004 3.50:1.0 September 30, 2004 3.25:1.0 December 31, 2004 3.25:1.0 March 31, 2005 3.25:1.0 June 30, 2005 3.25:1.0 September 30, 2005 3.00:1.0 December 31, 2005 3.00:1.0 March 31, 2006 3.00:1.0 June 30, 2006 3.00:1.0 September 30, 2006 2.75:1.0 December 31, 2006 2.75:1.0 Thereafter 2.50:1.0 3.75:1.00 Notwithstanding anything contrary contained above or elsewhere in this Agreement, (i) all calculations of compliance with this Section 9.10 9.11 shall be made on a Pro Forma PRO FORMA Basis and (ii) in no event shall the Adjusted Total Leverage Ratio be greater than the Maximum Permitted Acquisition Leverage Ratio upon the consummation of, and after giving effect on a Pro Forma PRO FORMA Basis to, any Permitted Acquisition.
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Adjusted Total Leverage Ratio. The Borrower will not permit the ----------------------------- Adjusted Total Leverage Ratio on the last day of any fiscal quarter specified below to exceed the respective ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ended Closest to Ratio ------------------------------- -------- -------------------- ----- June 30, 1999 5.00:1.00 September 30, 1999 5.00:1.00 December 31, 1999 4.75:1.00 March 31, 2000 4.75:1.00 June 30, 2000 4.50:1.00 September 30, 2000 4.50:1.00 December 31, 2000 4.25:1.00 March 31, 2001 4.25:1.00 June 30, 2001 4.00:1.00 September 30, 2001 4.00:1.00 December 31, 2001 4.00:1.00 March 31, 2002 4.00:1.00 June 30, 2002 3.75:1.00 September 30, 2002 3.75:1.00 December 31, 2002 3.75:1.00 March 31, 2003 3.75:1.00 June 30, 2003 3.75:1.00 September 30, 2003 3.50:1.0 3.75:1.00 December 31, 2003 3.50:1.0 3.75:1.00 March 31, 2004 3.50:1.0 3.75:1.00 June 30, 2004 3.50:1.0 3.75:1.00 September 30, 2004 3.25:1.0 3.75:1.00 December 31, 2004 3.25:1.0 3.75:1.00 March 31, 2005 3.25:1.0 June 30, 2005 3.25:1.0 September 30, 2005 3.00:1.0 December 31, 2005 3.00:1.0 March 31, 2006 3.00:1.0 June 30, 2006 3.00:1.0 September 30, 2006 2.75:1.0 December 31, 2006 2.75:1.0 Thereafter 2.50:1.0 3.75:1.00 Notwithstanding anything contrary contained above or elsewhere in this Agreement, (i) all calculations of compliance with this Section 9.10 9.11 shall be made on a Pro Forma Basis and (ii) in no event shall the Adjusted Total Leverage --- ----- Ratio be greater than the Maximum Permitted Acquisition Leverage Ratio upon the consummation of, and after giving effect on a Pro Forma Basis to, any Permitted --- ----- Acquisition.
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