Certain Financial Tests. 16 7.10.1. Maximum Leverage Ratio................................................ 16 7.10.2. Minimum Interest Coverage............................................. 17 7.10.3. Minimum Fixed Charge Coverage Ratio................................... 17 7.11. Limitation on Lease Obligations............................................... 17 7.12. Merger, Consolidation and Sale of Assets...................................... 17 7.13. Partnership Agreement; Management Agreement................................... 17 7.14.
Certain Financial Tests. 50 6.6. Indebtedness.........................................................52 6.7. Liens................................................................53 6.8.
Certain Financial Tests. All of the financial tests set forth in this Section 6.5 shall be measured on the basis of financial statements of the Company and it Subsidiaries reporting Congoleum on the equity method.
Certain Financial Tests. 46 6.5.1. Consolidated Total Debt to Consolidated EBITDA.........................................46 6.5.2. Consolidated EBITDA to Consolidated Interest Expense...................................46 6.5.3. Consolidated EBITDA to Consolidated Fixed Charges......................................47 6.6. Indebtedness...................................................................................47 6.7. Guarantees; Letters of Credit..................................................................48 6.8. Liens..........................................................................................49 6.9.
Certain Financial Tests. The Company covenants that it will not permit (i) Net Loans Receivable at any time to be less than 150% of Senior Funded Debt of the Company and its Subsidiaries as at such time; or (ii) at any time the aggregate consolidated Loan Loss Provision for the Company and its Subsidiaries for the period of 12 consecutive fiscal months to and through the most recently ended fiscal month as of such time to exceed an amount equal to 3% of the Net Loans Receivable of the Company and its Subsidiaries as of such time; or (iii) at any time Earnings Before Interest and Taxes for the period of 12 consecutive fiscal months to and through the most recently ended fiscal month as of such time to be less than 150% of Interest Charges for such period.
Certain Financial Tests. The Consolidated Net Debt of the Companies (as hereinafter defined) shall not exceed $992.0 million as of the end of the fifth business day prior to the Closing. "Consolidated Net Debt of the Companies" shall mean the sum of (i) the principal amount of and all obligations for payment then due under any outstanding indebtedness of the Companies for borrowed money excluding the 12% Senior Notes due 2006, the 9.5% Convertible Subordinated Notes due 2008, the 7.5% Convertible Subordinated Notes due 2005, and indebtedness among the Companies plus (ii) the unexpended portion, if any, of the capital expenditure budget described on Schedule 5.2(i) as having been budgeted to be spent prior to the date of this
Certain Financial Tests. 71 10.15. Regulations U and X............................................................................. 72 10.16. Status.......................................................................................... 72 10.17.
Certain Financial Tests. 47 6.6. Indebtedness.....................................................48 6.7. Liens............................................................50 6.8. Investments and Acquisitions.....................................51 6.9. Distributions....................................................52 6.10. Issuance of Equity by Subsidiaries; Subsidiary Distributions..
Certain Financial Tests. 38 Section 7.14. EXTENSION OR AMENDMENT OF RECEIVABLES AND OTHER DOCUMENTS.............................................. 38 Section 7.15. LETTER OF GUARANTY..................................... 38 -ii- ARTICLE VIII EVENTS OF DEFAULT
Certain Financial Tests. (a) The Borrower will not permit the ratio of Earnings Before Interest, Fees and Distributions to the sum of Loan Interest Expense PLUS Fee Expense, as determined as of each Determination Date for the immediately preceding three Collection Periods, to be less than 1.40 to 1.00.
(b) The Borrower will not permit the Credit Loss Percentage, as determined as of each Determination Date, to exceed 5.0%.
(c) The Borrower will not permit the number of Delinquent Receivables to exceed 8.5% of the average number of Receivables as determined as of each Determination Date for the immediately preceding three Collection Periods.
