Common use of Financial condition of the Group Clause in Contracts

Financial condition of the Group. At all times, the consolidated financial condition of the Group, as evidenced by financial statements and supplemental further information prepared in accordance with the provisions of Clause 19.5 (Accounting policies), shall be such that: (i) the ratio of EBITDA to Consolidated Interest Expenses shall be not less than 5:1, in respect of any four consecutive quarters of the Company; (ii) the ratio of Net Consolidated Financial Debt at the end of any financial quarter of the Company to EBITDA for the four consecutive quarters of the Company ending at the end of such first mentioned quarter shall be equal to or less than 3.0:1. For the purpose of testing the ratios referred to in this Clause 19.6, each Obligor will deliver to the Agent, at the time it delivers the quarterly statements requested under Clause 19.2 (Financial information), a certificate of any one of its Financial Officers: setting out the ratios and a brief description of the method of computation, together with such information as is required to support such certificate and computation; and confirming that no Default is outstanding, or if a Default is outstanding specifying the Default and the steps, if any being taken to remedy it. The ratios referred to in this Clause 19.6 shall be tested on the basis of accounts produced using the accounting policies, practices, procedures and reference period upon which the Original Financial Statements were prepared.

Financial condition of the Group. At all times, the consolidated financial condition of the Group, as evidenced by financial statements and supplemental further information prepared in accordance with the provisions of Clause 19.5 20.5 (Accounting policies), shall be such that: (ia) the ratio of EBITDA to Consolidated Interest Expenses shall be not less than 5:1, in respect of any four consecutive quarters of the Company; (iib) the ratio of Net Consolidated Financial Debt at the end of any financial quarter of the Company to EBITDA for the four consecutive quarters of the Company ending at the end of such first mentioned quarter shall be equal to or less than 3.0:1. For the purpose of testing the ratios referred to in this Clause 19.620.6, each Obligor will deliver to the Agent, at the time it delivers the quarterly statements requested under Clause 19.2 20.2 (Financial information), a certificate of any one of its Financial Officers: : (i) setting out the ratios and a brief description of the method of computation, together with such information as is required to support such certificate and computation; and and (ii) confirming that no Default is outstanding, or if a Default is outstanding specifying the Default and the steps, if any being taken to remedy it. The ratios referred to in this Clause 19.6 20.6 shall be tested on the basis of accounts produced using the accounting policies, practices, procedures and reference period upon which the Original Financial Statements were prepared.

Financial condition of the Group. At all times, the consolidated financial condition of the Group, as evidenced by financial statements and supplemental further information prepared in accordance with the provisions of Clause 19.5 16.5 (Accounting policies), shall be such that: (ia) the ratio of EBITDA to Consolidated Interest Expenses shall be not less than 5:1, in respect of any four consecutive quarters of the Company; (iib) the ratio of Net Consolidated Financial Debt at the end of any financial quarter of the Company to EBITDA for the four consecutive quarters of the Company ending at the end of such first mentioned quarter shall be equal to or less than 3.0:1. For the purpose of testing the ratios referred to in this Clause 19.616.6, each Obligor will deliver to the Agent, at the time it delivers the quarterly statements requested under Clause 19.2 16.2 (Financial information), a certificate of any one of its Financial Officers: : (i) setting out the ratios and a brief description of the method of computation, together with such information as is required to support such certificate and computation; and and (ii) confirming that no Default is outstanding, or if a Default is outstanding specifying the Default and the steps, if any being taken to remedy it. The ratios referred to in this Clause 19.6 16.6 shall be tested on the basis of accounts produced using the accounting policies, practices, procedures and reference period upon which the Original Financial Statements were prepared.