Common use of Annualized Operating Cash Flow to Pro Forma Debt Service Ratio Clause in Contracts

Annualized Operating Cash Flow to Pro Forma Debt Service Ratio. (a) As of the end of any calendar quarter, (b) at the time of any Advance hereunder (after giving effect to such Advance), (c) upon the incurrence by the Borrower of any Subordinated Debt (after giving effect thereto), (d) at the time of any Asset Disposition by the Borrower or any Restricted Subsidiary, and (e) at the time of any acquisition or investment by the Borrower or any Restricted Subsidiary, the Borrower shall not permit the ratio of (i) Annualized Operating Cash Flow (for the calendar quarter end being tested in the case of Section 7.10(a) hereof, or for the most recently completed fiscal quarter end for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be, in the case of Sections 7.10(b), (c), (d) and (e) hereof) to (ii) Pro Forma Debt Service to be less than 1.25:1.

Annualized Operating Cash Flow to Pro Forma Debt Service Ratio. (a) As of the end of any calendar quarter, (b) at the time of any Advance hereunder (after giving effect to such Advance), (c) upon the incurrence by the Borrower of any Subordinated Debt (after giving effect thereto), (d) at the time of any Asset Disposition by the Borrower or any Restricted Subsidiary, and (e) at the time of any acquisition or investment by the Borrower or any Restricted Subsidiary, the Borrower shall not permit the ratio of (i) Annualized Operating Cash Flow (for the calendar quarter end being tested in the case of Section 7.10(a) hereof, or for the most recently completed fiscal quarter end for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be, in the case of Sections 7.10(b), (c), (d) and (e) hereof) to (ii) Pro Forma Debt Service to be less than or equal to 1.25:1.