Consolidated Secured Debt Ratio Sample Clauses

Consolidated Secured Debt Ratio. Commencing on the Issue Date, the Issuer will not permit the Consolidated Secured Debt Ratio as at the last day of each fiscal month for any period set forth below to exceed: Issue Date — March 31, 2013 7.50 : 1.00 April 1, 2013 — March 31, 2014 7.00 : 1.00 April 1, 2014 — March 31, 2015 6.75 : 1.00 April 1, 2015 — and thereafter 6.50 : 1.00
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Consolidated Secured Debt Ratio. At the time of and immediately after giving effect to such Credit Extension and the application of the proceeds thereof, the Consolidated Secured Debt Ratio on a Pro Forma Basis shall not exceed 3.50:1.00. Each of the delivery of a Borrowing Request or an LC Request and the acceptance by Borrower of the proceeds of such Credit Extension shall constitute a representation and warranty by Borrower and each other Loan Party that on the date of such Credit Extension (both immediately before and after giving effect to such Credit Extension and the application of the proceeds thereof) the conditions contained in Section 4.02(b) through (e) have been satisfied. Borrower shall provide such information (including calculations in reasonable detail of the covenants in Section 6.08) as the Administrative Agent may reasonably request to confirm that the conditions in Section 4.02(b) through (e) have been satisfied.
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Consolidated Secured Debt Ratio. The Credit Parties shall not as of the end of the last day any Fiscal Quarter permit the Consolidated Secured Debt Ratio, on a pro forma basis, tested for the Test Period ending on the last day of the most recently ended Fiscal Quarter for which the Credit Parties were required to deliver financial statements to Administrative Agent in accordance with Section 4.1, to exceed 3.50 to 1.00.
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Consolidated Secured Debt Ratio. (a) Solely for the purpose of inducing the Revolving Credit Lenders to provide the Revolving Credit Commitments and make Revolving Loans hereunder, the Swingline Lender to provide the Swingline Commitment and make Swingline Loans hereunder and the Issuing Bank to issue Letters of Credit hereunder, the Loan Parties agree that they shall not permit the Consolidated Secured Debt Ratio of the Borrower at the end of any fiscal quarter ending on a date or during a period set forth below to be greater than the ratio set forth opposite such date or period below. June 30, 2006 through September 30, 2007 4.75 to 1.0 October 1, 2007 through September 30, 2008 4.50 to 1.0 Thereafter 4.25 to 1.0 (b) The Term Lenders acknowledge and agree that, notwithstanding anything to the contrary herein, the financial covenant set forth in Section 6.14(a) shall inure only to the benefit of the Revolving Credit Lenders, the Swingline Lender and the Issuing Bank and shall under no circumstances inure directly or indirectly under this Section 6.14 or under any other representation, warranty, covenant or default provision (including those which require compliance with this Section 6.14) to the benefit of or be enforceable by the Term Lenders and the Term Lenders shall have no rights or privileges hereunder with respect to this Section 6.14.
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Consolidated Secured Debt Ratio. The term “
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Consolidated Secured Debt Ratio. At the time of and after giving event to the Tranche B-2 Transactions, the Consolidated Secured Debt Ratio shall be no greater than 4.00 to 1.00.
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Consolidated Secured Debt Ratio. Permit the Consolidated Secured Debt Ratio as at the last day of any period of four consecutive fiscal quarters of Holdings ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: CONSOLIDATED FISCAL QUARTER SECURED DEBT RATIO -------------- ------------------ FQ4 1999 3.50 FQ1 2000 3.50 FQ2 2000 3.50 FQ3 2000 3.50 FQ4 2000 3.50 FQ1 2001 3.50 FQ2 2001 3.50 FQ3 2001 3.00 FQ4 2001 3.00 FQ1 2002 3.00 FQ2 2002 3.00 FQ3 2002 2.50 FQ4 2002 2.50 FQ1 2003 2.50 FQ2 2003 2.50 FQ3 2003 2.00 FQ4 2003 2.00 FQ1 2004 2.00 FQ2 2004 2.00 FQ3 2004 2.00 FQ4 2004 2.00 FQ1 2005 2.00 FQ2 2005 2.00 FQ3 2005 2.00
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Consolidated Secured Debt Ratio. Permit the ratio of (a) the Consolidated Total Indebtedness of the Borrower and its Restricted Subsidiaries that is secured by Liens as at the last day of any Test Period set forth below to (b) the Borrower’s EBITDA for such Test Period, in each case with such pro forma adjustments to EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio, to be greater than the ratio set forth below opposite such Relevant Reference Period below:
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Related to Consolidated Secured Debt Ratio

  • Funded Debt Ratio Permit the Funded Debt Ratio, as of the last day of any Fiscal Quarter, to be greater than the ratio set forth below opposite such Fiscal Quarter or the period during which such Fiscal Quarter ends: Period/Fiscal Quarter Maximum Ratio December 31, 2002 3.50:1.00 March 31, 2003 2.60:1.00 June 30, 2003 2.50:1.00 September 30, 2003 2.00:1.00 December 31, 2003 through March 31, 2004 1.75:1.00 April 1, 2004 through December 31, 2004 1.50:1.00

  • Consolidated Senior Secured Leverage Ratio As of any fiscal quarter end, permit the Consolidated Senior Secured Leverage Ratio to be greater than 1.25 to 1.00.

  • Consolidated Senior Leverage Ratio As of the end of each fiscal quarter of the members of the Consolidated Group, the Consolidated Senior Leverage Ratio shall not be greater than the ratio set forth below: Fiscal Quarter End Ratio ------------------ ----- December 31, 2000 3.00:1.0 March 31, 2001 3.10:1.0 June 30, 2001 3.10:1.0 September 30, 2001 2.75:1.0 December 31, 2001 and thereafter 2.50:1.0 1.6 Clause (c) of Section 7.9 of the Credit Agreement is amended to read as follows:

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Debt Ratio Permit the Debt Ratio at the last day of any fiscal quarter to be greater than the ratio set forth below opposite the fiscal quarter during which such fiscal quarter occurs: Fiscal Quarter Ending Ratio --------------------- ----- December 31, 1999 4.75 March 31, 2000 4.75 June 30, 2000 4.75 September 30, 2000 4.50 December 31, 2000 4.50 March 31, 2001 4.50 June 30, 2001 4.50 September 30, 2001 3.75 December 31, 2001 3.75 March 31, 2002 3.75 June 30, 2002 3.75 September 30, 2002 3.25 and thereafter

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Total Debt The total Debt of all Consolidated Subsidiaries of the Borrower, excluding the Debt, if any, owed by such Consolidated Subsidiaries to the Borrower or another Consolidated Subsidiary of the Borrower, will at no time exceed an amount equal to $500,000,000 (or the Exchange Equivalent thereof).

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

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