Consolidated Senior Secured Debt Ratio. Permit the Consolidated Senior Secured 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: 3/31/04 2.60:1.00 6/30/04 2.60:1.00 9/30/04 2.50:1.00 12/31/04 and thereafter 2.00:1.00
Consolidated Senior Secured Debt Ratio. Permit the Consolidated Senior Secured 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: September 30, 2004 2.75 to 1.00 December 31, 2004 2.75 to 1.00 CREDIT AGREEMENT March 31, 2005 2.75 to 1.00 June 30, 2005 2.50 to 1.00 September 30, 2005 2.50 to 1.00 December 31, 2005 2.25 to 1.00 March 31, 2006 2.25 to 1.00 June 30, 2006 2.25 to 1.00 September 30, 2006 2.25 to 1.00 December 31, 2006 2.25 to 1.00 March 31, 2007 2.25 to 1.00 June 30, 2007 2.25 to 1.00 September 30, 2007 and thereafter 2.00 to 1.00
Consolidated Senior Secured Debt Ratio. Permit the Consolidated Senior Secured Debt Ratio for any period of four consecutive fiscal quarters ending on or about any date set forth below to be greater than the ratio set forth below opposite such date: Date Ratio December 31, 2006 3.00 to 1.00 March 31, 2007 3.00 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 and all times thereafter 2.50 to 1.00
Consolidated Senior Secured Debt Ratio. As of the end of each fiscal quarter of the Borrower and so long as (a) the aggregate amount of any Revolving Credit Loans, any Swing Line Loans or any L/C Obligations (to the extent not Cash Collateralized by the Borrower to at least 105% of their maximum stated amount) outstanding exceeds 10% of all Revolving Credit Commitments in effect as of the Closing Date or (b) the aggregate amount of any L/C Obligations (to the extent not Cash Collateralized by the Borrower to at least 105% of their maximum stated amount) outstanding exceeds 15% of all Revolving Credit Commitments in effect as of the Closing Date, permit the Consolidated Senior Secured Debt Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.25:1.00.
Consolidated Senior Secured Debt Ratio. Permit the Consolidated Senior Secured Debt Ratio at the last day of any Test Period ending with the last day of any fiscal quarter of the US Borrower set forth below to exceed the ratio set forth below opposite such fiscal quarter below:
Consolidated Senior Secured Debt Ratio. Permit the Consolidated Senior Secured Debt Ratio on any day to exceed 2.0 to 1.0.
Consolidated Senior Secured Debt Ratio. Consolidated Senior Secured Debt Ratio as of the last day of any four consecutive fiscal quarter period from , ____ through , .
Consolidated Senior Secured Debt Ratio. A. Consolidated Senior Secured Debt at Statement Date: $
B. Consolidated EBITDA for Subject Period (Line IV.A.15 below2): $
C. Consolidated Senior Secured Debt Ratio (Line III.A ÷ Line III.B): $ December 31, 2006 3.00 to 1.00 March 31, 2007 3.00 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 and all times thereafter 2.50 to 1.00
Consolidated Senior Secured Debt Ratio. A. Consolidated Total Indebtedness secured by a Lien
1. the aggregate principal amount of Indebtedness of the Borrower and its Restricted Subsidiaries outstanding on the Statement Date, determined on a consolidated basis, to the extent required to be recorded on a balance sheet in accordance with GAAP, consisting of Indebtedness for borrowed money, Capitalized Lease Obligations (this term and all other capitalized terms not otherwise defined herein shall have the meaning set forth in the Credit Agreement) and debt obligations evidenced by promissory notes or similar instruments, to extent such Indebtedness is secured by any mortgage, pledge, hypothecation, collateral assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any Capitalized Lease having substantially the same economic effect as any of the foregoing) $ minus
2. the amount of unrestricted cash and Cash Equivalents that would be stated on the balance sheet of the Borrower and the Restricted Subsidiaries and held by the Borrower and the Restricted Subsidiaries as of the Statement Date, without giving effect to, for purposes of this Line A.2, (I) proceeds of Indebtedness that is being Incurred on such date in reliance on the Consolidated Senior Secured Debt Ratio and (II) proceeds of Excluded Contributions1 $ 3. Total (Line A.1 – A.2) $ 1 provided that any cash and Cash Equivalents attributable to Foreign Subsidiaries shall be calculated net of any reasonably anticipated repatriation costs and expenses of domesticating such cash and Cash Equivalents from such Foreign Subsidiaries as determined by the Borrower in good faith. Form of Compliance Certificate
B. EBITDA of the Borrower and its Restricted Subsidiaries for the four full fiscal quarters ending on the Statement Date (the “Statement Period”)
1. the Consolidated Net Income of the Borrower and its Restricted Subsidiaries for the Statement Period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income: $
(i) Consolidated Taxes: the amount provided for taxes based on income, profits or capital, including, without limitation, state franchise and similar taxes, and including an amount equal to the amount of tax distribution...
Consolidated Senior Secured Debt Ratio. Permit the Consolidated Senior Secured Debt Ratio of the Borrower as of any Test Date that falls during any period set forth below to exceed the ratio set forth below opposite the period in which such Test Date falls: September 30, 2008 - June 30, 2009 4.25 to 1.00 July 1, 2009 - June 30, 2010 3.75 to 1.00 July 1, 2010 - June 30, 2011 3.25 to 1.00 July 1, 2011 - June 30, 2012 3.00 to 1.00 July 1, 2012 and thereafter 2.75 to 1.00
