Domestic Leverage Ratio. The Borrower will not permit the Domestic Leverage Ratio, determined as of the end of each of its fiscal quarters, to be greater than (i) 5.00 to 1.00 for the period beginning on the Fifth Amendment Effective Date and ending December 31, 2021, (ii) 4.50 to 1.00 for the period beginning January 1, 2022 and ending December 31, 2022, and (iii) 4.00 to 1.00 thereafter.
Domestic Leverage Ratio. The Company will not, as at the end of any fiscal quarter, permit the ratio, calculated as at the end of such fiscal quarter for the period of four fiscal quarters then ended, of (i) the excess of (x) the aggregate outstanding principal amount of Indebtedness (including Guaranties of the Indebtedness of Excluded Subsidiaries) of the Company, the Domestic Subsidiaries and the Canadian Subsidiaries at such date over (y) the aggregate amount of cash and Liquid Investments of the Company, the Domestic Subsidiaries and Canadian Subsidiaries at such date to (ii) EBITDA for such period (excluding any such EBITDA of non-Canadian Excluded Subsidiaries and dividends therefrom) (the "DOMESTIC LEVERAGE RATIO") to exceed: Solely for purposes of this Section, in determining the Domestic Leverage Ratio, EBITDA shall be determined by including only the Domestic Subsidiaries.
Domestic Leverage Ratio. The Borrower will not permit the Domestic Leverage Ratio, determined as of the end of each of its fiscal quarters, to be greater than 3.50 to 1.00.
Domestic Leverage Ratio. Permit the Domestic Leverage Ratio to be, at the end of each Fiscal Quarter, greater than the ratio set forth below opposite that Fiscal Quarter: Fiscal Quarter Ending Ratio --------------------- ----- February 29, 1996 3.00 to 1.00 May 31, 1996 2.80 to 1.00 August 31, 1996 2.50 to 1.00 November 30, 1996 2.10 to 1.00 February 28, 1997 2.40 to 1.00 May 31, 1997 2.20 to 1.00 August 31, 1997 2.10 to 1.00 November 30, 1997 1.80 to 1.00 and thereafter
Domestic Leverage Ratio. Permit the ratio of Consolidated Funded Indebtedness to Consolidated EBITDA of the Borrower and its Subsidiaries (in each case, other than the Foreign Subsidiaries) as of the end of any period set forth below, to be greater than the ratio corresponding to such period set forth below: Twelve month period ended September 30, 2003 2.5 to 1.0 Twelve month period ended October 31, 2003 2.5 to 1.0 Twelve month period ended November 30, 2003 2.7 to 1.0 Twelve month period ended December 31, 2003 2.9 to 1.0 Twelve month period ended January 31, 2004 3.0 to 1.0 Twelve month period ended February 29, 2004 3.1 to 1.0 Twelve month period ended March 31, 2004 3.1 to 1.0 Twelve month period ended April 30, 2004 3.1 to 1.0 Twelve month period ended May 31, 2004 3.0 to 1.0 Twelve month period ended June 30, 2004 3.0 to 1.0 Twelve month period ended July 31, 2004 2.8 to 1.0 Twelve month period ended August 31, 2004 2.6 to 1.0 Twelve month period ended September 30, 2004 2.4 to 1.0 Twelve month period ended October 31, 2004 2.3 to 1.0 Twelve month period ended November 30, 2004 2.2 to 1.0 Twelve month period ended December 31, 2004 2.1 to 1.0 Twelve month period ended January 31, 2005 2.0 to 1.0 Twelve month period ended February 28, 2005 and for each twelve month period ended thereafter 1.9 to 1.0
Domestic Leverage Ratio. Section 7.03(b) of the Financing Agreement is hereby amended by deleting the ratios for each fiscal period set forth below and substituting in lieu thereof new ratios set forth opposite to each such fiscal period set forth below: Twelve month period ended January 31, 2004 3.28 to 1.0 Twelve month period ended February 29, 2004 3.28 to 1.0 Twelve month period ended March 31, 2004 2.90 to 1.0 Twelve month period ended April 30, 2004 2.75 to1 .0
Domestic Leverage Ratio. Permit the ratio of Consolidated Funded Indebtedness to Consolidated EBITDA of the Borrower and its Subsidiaries (in each case, other than the Foreign Subsidiaries) as of the end of any fiscal month for the immediately preceding 12 fiscal month period of the Borrower and its Subsidiaries (other than the Foreign Subsidiaries) for which the last fiscal month ends on a date set forth below to be greater than the applicable ratio set forth below: Fiscal Month End Ratio --------------------------------- ---------- September 30, 2003 2.5 to 1.0 October 31, 2003 2.5 to 1.0 November 30, 2003 2.5 to 1.0 December 31, 2003 2.5 to 1.0 January 31, 2004 and thereafter 2.0 to 1.0
