Consolidated Indebtedness to EBITDA Ratio. As of December 31, 2002, maintain the ratio of Consolidated Indebtedness to EBITDA (as such terms are defined in the Note Agreement, as in effect on November 12, 2002) not to exceed 3.50:1.00; provided that such maximum level shall be increased to 4.25:1.00 at such time as (i) the Note Agreement is amended to adjust such ratio to 4.25:1.00 or (ii) the requisite holders of Senior Notes under the Note Agreement waive compliance with such ratio, in each case in form and substance and on terms acceptable to the Required Lenders.
Consolidated Indebtedness to EBITDA Ratio. The Borrower and its Subsidiaries on a consolidated basis shall have, as of the end of each Fiscal Quarter set forth below, a Consolidated Indebtedness to EBITDA Ratio as of the end of such Fiscal Quarter for the four (4) Fiscal Quarters then ending of no more than the ratio set forth opposite such Fiscal Quarter end set forth below: Fiscal Quarter Ending Maximum Ratio June, 1999 5.70 to 1.0 and each Fiscal Quarter thereafter through March, 2003 June, 2003 5.50 to 1.0 and each Fiscal Quarter thereafter through March 2004 June, 2004 4.75 to 1.0 and each Fiscal Quarter thereafter
