Common use of ANNUALIZED OPERATING CASH FLOW TO INTEREST EXPENSE Clause in Contracts

ANNUALIZED OPERATING CASH FLOW TO INTEREST EXPENSE. (a) As of the end of any calendar quarter, and (b) at the time of any Advance hereunder (after giving effect to such Advance), the Borrower shall not permit the ratio of (i) its Annualized Operating Cash Flow (as of the calendar quarter end being tested, or as of the most recently completed calendar quarter for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be) to (ii) its Interest Expense for the twelve (12) calendar months immediately preceding the calculation date to be less than the ratios set forth below for the periods indicated: ANNUALIZED OPERATING CASH PERIOD FLOW TO INTEREST EXPENSE ------ ------------------------ Agreement Date through 1.25:1.00 June 30, 2000 July 1, 2000 through 1.50:1.00 June 30, 2001 July 1, 2001 and 2.00:1.00 thereafter

ANNUALIZED OPERATING CASH FLOW TO INTEREST EXPENSE. (a) As of the end of any calendar quarter, and (b) at the time of any Advance hereunder (after giving effect to such Advance), the Borrower shall not permit the ratio of (i) its Annualized Operating Cash Flow (as of the calendar quarter end being tested, or as of the most recently completed calendar quarter for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be) to (ii) its Interest Expense for the twelve (12) calendar months immediately preceding the calculation date to be less than the ratios set forth below for the periods indicated: ANNUALIZED OPERATING CASH PERIOD FLOW TO INTEREST EXPENSE ------ ------------------------ Agreement Date January 1, 2001 through 1.25:1.00 June 30, 2000 July 1, 2000 through 1.50:1.00 June 30, 2001 July 1, 2001 through 1.50:1.00 March 31, 2002 April 1, 2002 through 1.75:1.00 June 30, 2002 July 1, 2002 and 2.00:1.00 thereafter"

ANNUALIZED OPERATING CASH FLOW TO INTEREST EXPENSE. (a) As of the end of any calendar quarter, and (b) at the time of any Advance hereunder (after giving effect to such Advance), the Borrower shall not permit the ratio of (i) its Annualized Operating Cash Flow (as of the calendar quarter end being tested, or as of the most recently completed calendar quarter for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be) to (ii) its Interest Expense for the twelve (12) calendar months immediately preceding the calculation date to be less than the ratios set forth below for the periods indicated: ANNUALIZED OPERATING CASH PERIOD FLOW TO INTEREST EXPENSE ------ ------------------------ Period Annualized Operating Cash Flow to Interest Expense Agreement Date through 1.25:1.00 June 30, 2000 1.25:1.00 July 1, 2000 through 1.50:1.00 June 30, 2001 1.50:1.00 July 1, 2001 and 2.00:1.00 thereafterthereafter 2.00:1.00

ANNUALIZED OPERATING CASH FLOW TO INTEREST EXPENSE. (a) As of the end of any calendar quarter, and (b) at the time of any Advance hereunder (after giving effect to such Advance), the Borrower shall not permit the ratio of (i) its Annualized Operating Cash Flow (as of the calendar quarter end being tested, or as of the most recently completed calendar quarter for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be) to (ii) its Interest Expense for the twelve (12) calendar months immediately preceding the calculation date to be less than the ratios set forth below for the periods indicated: ANNUALIZED OPERATING CASH PERIOD FLOW TO INTEREST EXPENSE ------ ------------------------ Agreement Date through 1.25:1.00 June 30, 2000 July 1, 2000 through 1.50:1.00 June 30, 2001 Period Annualized Operating Cash Flow to Interest Expense July 1, 2001 through 1.50:1.00 December 31, 2001 January 1, 2002 through 1.40:1.00 March 31, 2002 April 1, 2002 through 1.50:1.00 December 31, 2004 January 1, 2005 and 2.00:1.00 thereafter”

ANNUALIZED OPERATING CASH FLOW TO INTEREST EXPENSE. (a) As of the end of any calendar quarter, and (b) at the time of any Advance hereunder (after giving effect to such Advance), the Borrower shall not permit the ratio of (i) its Annualized Operating Cash Flow (as of the calendar quarter end being tested, or as of the most recently completed calendar quarter for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be) to (ii) its Interest Expense for the twelve (12) calendar months immediately preceding the calculation date to be less than the ratios set forth below for the periods indicated: ANNUALIZED OPERATING CASH PERIOD FLOW TO INTEREST EXPENSE ------ ------------------------ Agreement Date through 1.25:1.00 June 30, 2000 July Period Annualized Operating Cash Flow to Interest Expense January 1, 2000 2001 through 1.50:1.00 June 30, 2001 1.25:1.00 July 1, 2001 through December 31, 2001 1.50:1.00 January 1, 2002 through March 31, 2002 1.25:1.00 April 1, 2002 through June 30, 2002 1.50:1.00 July 1, 2002 and 2.00:1.00 thereafter” 2.00:1.00