Coverage Ratios; Indebtedness. 73 6.2 Liens............................................................................. 76 6.3
Coverage Ratios; Indebtedness. (a) The Parent Guarantor and the Borrower will not and will not permit any of their respective Subsidiaries to, directly or indirectly:
(i) Maintenance of Interest Coverage Ratio. Permit the ratio of Available Cash Flow to Consolidated Cash Interest and Dividend Expense of the Parent Guarantor and its Subsidiaries on a consolidated basis for each period of four consecutive fiscal quarters ending with the fiscal quarter set forth below to be less than the ratio set forth opposite such period below as "Interest Coverage": Quarter Ended Interest Coverage March 31, 1997 0.8 June 30, 1997 0.9 September 30, 1997 1.0 December 31, 1997 1.1 March 31, 1998 1.2 June 30, 1998 1.3 September 30, 1998 1.4 December 31, 1998 1.5 March 31, 1999 and quarters ended thereafter 1.6
(ii) Maintenance of Cash Flow Leverage Ratio. Permit the Cash Flow Leverage Ratio for each period of four consecutive fiscal quarters ending with the fiscal quarter set forth below to be greater than the ratio set forth opposite such period below as "Cash Flow Leverage": Quarter Ended Cash Flow Leverage March 31, 1997 9.50 June 30, 1997 9.00 September 30, 1997 8.50 December 31, 1997 7.75 March 31, 1998 7.50 June 30, 1998 7.25 September 30, 1998 7.00 December 31, 1998 6.75 March 31, 1999 6.50 June 30, 1999 6.25 September 30, 1999 6.00 December 31, 1999 5.75 March 31, 2000 and quarters ended thereafter 5.50
(b) The Parent Guarantor and the Borrower shall not and will not permit any of their respective Subsidiaries to, directly or indirectly, Incur, or remain or become directly or indirectly liable with respect to, any Indebtedness, except for the following ("Permitted Indebtedness"):
(i) the Parent Guarantor, the Borrower and the other Guarantors may Incur and remain liable with respect to the Obligations;
(ii) the Parent Guarantor, the Borrower and the other Guarantors may Incur and remain liable with respect to the Bridge Notes, Term Notes, Take-Out Securities and Exchange Notes;
(iii) the Parent Guarantor, the Borrower and Subsidiaries of the Parent Guarantor may Incur and remain liable with respect to Contingent Obligations permitted by Section 6.5 and, upon any matured obligations actually arising pursuant thereto, the Indebtedness corresponding to the Contingent Obligations so extinguished;
(iv) commercial documentary letters of credit may be issued for the account of the Parent Guarantor, the Borrower or any Subsidiary of the Parent Guarantor in the ordinary course of business in an aggregate am...
