Cash Flow to Total Borrowed Funds. The Company will not permit the ratio of Cash Flow to Total Borrowed Funds to be less than (i) 0.22 for the consecutive four quarters ended December 31, 2002, (ii) 0.20 for the consecutive four quarters ending March 31, 2003, (iii) 0.17 for the consecutive fxxx xxxxxxxx xxxxxx Xune 30, 2003, (iv) 0.16 for the consecutive four quarters ending September 30, 2003, (v) 0.21 for the consecutive four quarters ending December 31, 2003 or (vi) 0.25 for any consecutive four quarters ending on or after March 31, 2004, in each case, such ratio to be calculated at the end of each fiscal quarter, on a trailing four quarter basis." (d) Subsection 6B of Paragraph 6 of the Agreement is amended in full to read as follows:
Appears in 10 contracts
Samples: Note Purchase Agreement (Interpublic Group of Companies Inc), Note Purchase Agreement (Interpublic Group of Companies Inc), Note Purchase Agreement (Interpublic Group of Companies Inc)
