Consolidated Senior Debt Leverage Ratio. As of the last day of --------------------------------------- any fiscal period of the Company, the Consolidated Senior Debt Leverage Ratio shall not be greater than the ratio set forth below opposite such period: Fiscal Quarter Ending Ratio --------------------- ------------- August 31, 1999 9.87 to 1.00 November 30, 1999 9.78 to 1.00 February 29, 2000 11.58 to 1.00 For each fiscal quarter thereafter 5.00 to 1.00 Fiscal Month Ending Ratio ------------------- ------------- July 31, 1999 9.34 to 1.00 September 30, 1999 10.08 to 1.00 October 31, 1999 10.17 to 1.00 December 31, 1999 10.85 to 1.00 January 31, 2000 10.70 to 1.00
Consolidated Senior Debt Leverage Ratio. Maintain a Consolidated Senior Debt Leverage Ratio as of the end of each month that is not greater than the ratio shown below for the circumstances corresponding thereto:
(i) At any time that the amount of Permitted Purchase Money Debt outstanding is not greater than $7,500,000, a ratio of 3.00 to 1.00; and
(ii) At any time that the amount of Permitted Purchase Money Debt outstanding is greater than $7,500,000, a ratio of 2.50 to 1.00.
Consolidated Senior Debt Leverage Ratio. Permit the Consolidated Senior Debt Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Parent Borrower to exceed 3.00 to 1.00.
Consolidated Senior Debt Leverage Ratio. Permit the Consolidated Senior Debt Leverage Ratio for any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Consolidated Senior -------------- ------------------- Debt Leverage Ratio ------------------- September 30, 2002 to March 31, 2004 2.75 to 1.00 Thereafter 2.50 to 1.00
