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: Period Consolidated Secured Debt Ratio 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 ARTICLE SEVEN SUCCESSOR CORPORATION
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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 term “
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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. 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. (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. Date or Period Ratio 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
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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: Calendar Year Ended Test Period Ended Closest to January 31 Test Period Ended Closest to April 30 Test Period Ended Closest to July 31 Test Period Ended Closest to October 31 2008 5.95:1.00 5.95:1.00 5.95:1.00 5.95:1.00 2009 5.95:1.00 5.50:1.00 5.50:1.00 5.50:1.00 2010 5.50:1.00 5.00:1.00 5.00:1.00 5.00:1.00 2011 5.00:1.00 4.50:1.00 4.50:1.00 4.50:1.00 2012 4.50:1.00 4.00:1.00 4.00:1.00 4.00:1.00 2013 4.00:1.00 4.00:1.00 4.00:1.00 4.00:1.00
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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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Related to Consolidated Secured Debt Ratio

  • Consolidated Secured Leverage Ratio The Borrower shall cause the Consolidated Secured Leverage Ratio, as of the end of any fiscal quarter, to be equal to or less than 30%.

  • Funded Debt Ratio Maintain its Funded Debt Ratio at not greater than (a) 3.75 to 1.00 at each fiscal quarter ending through and including December 31, 2003, (b) 3.50 to 1.00 as of March 31, 2004 and June 30, 2004, (c) 3.00 to 1.00 as of September 30, 2004, (b) 2.50 to 1.00 as of December 31, 2004 and at each fiscal quarter ending thereafter through and including September 30, 2005, and (c) 2.00 to 1.00 as of December 31, 2005 and as of each fiscal quarter ending thereafter.

  • Total Debt Ratio The Loan Parties will not at any time permit the Total Debt Ratio to exceed 4.0 to 1.0. 10.17

  • Consolidated Senior Secured Leverage Ratio Permit the Consolidated Senior Secured Leverage Ratio as of the end of any Measurement Period to be greater than 3.50 to 1.00.

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

  • 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 Indebtedness All Indebtedness of Parent Borrower and its Subsidiaries determined on a consolidated basis and shall include (without duplication), such Person’s Equity Percentage of the Indebtedness of its Unconsolidated Affiliates.

  • 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 Fixed Charge Ratio Permit at any time the Consolidated Fixed Charge Ratio to be less than 1.25 to 1.00.

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