Consolidated Senior Debt Ratio. Commencing with the last day of the first full fiscal quarter commencing after the Closing Date, permit the Consolidated Senior Debt Ratio as at the last day of 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: March 31, 2004 2.55:1.00 June 30, 2004 2.50:1.00 September 30, 2004 2.35:1.00 December 31, 2004 2.05:1.00 March 31, 2005 1.90:1.00 June 30, 2005 1.75:1.00 September 30, 2005 1.65:1.00 December 31, 2005 1.50:1.00 March 31, 2006 1.50:1.00 June 30, 2006 1.50:1.00 September 30, 2006 1.25:1.00 December 31, 2006 1.25:1.00 March 31, 2007 1.25:1.00 June 30, 2007 1.25:1.00 September 30, 2007 1.25:1.00 December 31, 2007 1.25:1.00 March 31, 2008 1.25:1.00 June 30, 2008 1.25:1.00 September 30, 2008 1.25:1.00 December 31, 2008 1.25:1.00 March 31, 2009 1.25:1.00 June 30, 2009 1.25:1.00 September 30, 2009 1.25:1.00 December 31, 2009 1.25:1.00 March 31, 2010 1.25:1.00 June 30, 2010 1.25:1.00 September 30, 2010 1.25:1.00 December 31, 2010 1.25:1.00
Consolidated Senior Debt Ratio. Permit the Consolidated Senior Debt Ratio for any period of four consecutive fiscal quarters of the Borrower to exceed 2.50:1.00.
Consolidated Senior Debt Ratio. Permit the Consolidated Senior Debt Ratio determined as of the last day of any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: Consolidated Fiscal Quarter Senior Debt -------------- Ratio (x:1) ----------- FQ3 and FQ4 in 2000 and FQ1, FQ2 and FQ3 in 2001 3.00 FQ4 in 2001 and FQ1 in 2002 2.75 FQ2 and FQ3 in 2002 2.50 FQ4 in 2002 and thereafter 2.25
Consolidated Senior Debt Ratio. Permit the Consolidated Senior Debt Ratio as at the last day of 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 Ratio -------------- ------------------------------ 3/31/02 4.70:1.00 6/30/02 4.70:1.00 9/30/02 4.65:1.00 12/31/02 4.65:1.00 3/31/03 4.30:1.00 6/30/03 - 9/30/03 2.25:1.00 12/31/03 - 6/30/04 2.00:1.00 9/30/04 and thereafter 1.75:1.00
Consolidated Senior Debt Ratio. Permit the Consolidated Senior Debt Ratio at the last day of the fiscal quarter ending December 31, 2003 and each fiscal quarter ending thereafter to be greater than 2.50 to 1.00."
3.9 Subsection 7.2(b) of the Credit Agreement is hereby amended and restated to read as follows:
Consolidated Senior Debt Ratio. Consolidated Senior Debt Ratio as of the last day of any four-fiscal-quarter period from _______, ____ through _______, _____.
1. Consolidated Senior Debt (Consolidated Total Debt (from Item C.1.) other than Subordinated Obligations): $___________
2. Annualized Adjusted EBITDA (from Item B): $___________
3. Consolidated Senior Debt Ratio (E.1. divided by E.2.): _______
4. Maximum permitted Consolidated Senior Debt Ratio:
Consolidated Senior Debt Ratio. The Consolidated Senior Debt Ratio at each Calculation Date shall be no greater than 2.5 to 1.0.”
(p) A new Section 7.11(e) is added to read as follows:
Consolidated Senior Debt Ratio. Permit the Consolidated Senior Debt Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending during any test period set forth below to exceed the ratio set forth below opposite such test period: Consolidated Test Period Senior Debt Ratio ----------- ----------------- Closing Date to the earlier of (x) the date of consummation of the IPO and (y) July 1, 1998 8.00 to 1.00 the earlier of (x) the day immediately following consummation of the IPO and (y) August 1, 1998 to September 30, 1998 6.50 to 1.00 October 1, 1998 to December 31, 1998 5.00 to 1.00 January 1, 1999 to June 30, 1999 4.50 to 1.00 July 1, 1999 to December 31, 1999 4.00 to 1.00 January 1, 2000 and thereafter 3.50 to 1.00
Consolidated Senior Debt Ratio. The Consolidated Senior Debt Ratio at the Closing Date and at each Calculation Date thereafter shall be no greater than (i) 2.5 to 1.0 for the fiscal quarter ending March 31, 2003 and each Calculation Date thereafter through September 30, 2004; (ii) 2.25 to 1.0 for each Calculation Date from December 31, 2004 through September 30, 2005; and (iii) 2.0 to 1.0 at each Calculation Date thereafter.
Consolidated Senior Debt Ratio. Permit the Consolidated Senior Debt Ratio as at the last day of any period of four consecutive fiscal quarters of the Ultimate Parent ending with any fiscal quarter set forth below to exceed the ratio set forth opposite such fiscal quarter.
