Funded Debt-OCF Leverage Covenant Sample Clauses

Funded Debt-OCF Leverage Covenant. Beginning June 30, 2002, a ratio of Funded Debt to TTM-OCF as of the end of each fiscal quarter of not more than the following: ---------------------------------------------------- QUARTER ENDING TTM-OCF ---------------------------------------------------- June 30, 2002 6.0-to-1.0 ---------------------------------------------------- September 30, 2002 6.0-to-1.0 ---------------------------------------------------- December 31, 2002 5.5-to-1.0 ---------------------------------------------------- March 31, 2003 5.0-to-1.0 ---------------------------------------------------- June 30, 2003 4.5-to-1.0 ---------------------------------------------------- September 30, 2003 4.0-to-1.0 ---------------------------------------------------- December 31, 2003 3.5-to-1.0 ---------------------------------------------------- As of and After January 1, 2004 3.0-to-1.0 ----------------------------------------------------
Sample 1
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Funded Debt-OCF Leverage Covenant. A ratio of Funded Debt to TTM-OCF during the identified periods after December 31, 2000 of not more than the following: PRIOR TO the Line Effective Date: ---------------------------------- --------------------------- QUARTER ENDING TTM-OCF ---------------------------------- --------------------------- December 31, 2001 6.0-to-1.0 ---------------------------------- --------------------------- March 31, 2002 5.0-to-1.0 ---------------------------------- --------------------------- June 30, 2002 5.0-to-1.0 ---------------------------------- --------------------------- September 30, 2002 5.0-to-1.0 ---------------------------------- --------------------------- December 31, 2002 5.0-to-1.0 ---------------------------------- --------------------------- Each Quarter After 5.0-to-1.0 December 31, 2002 ---------------------------------- --------------------------- AS OF AND AFTER the Line Effective Date: ---------------------------------- --------------------------- QUARTER ENDING TTM-OCF ---------------------------------- --------------------------- December 31, 2001 6.0-to-1.0 ---------------------------------- --------------------------- March 31, 2002 5.0-to-1.0 ---------------------------------- --------------------------- June 30, 2002 5.0-to-1.0 ---------------------------------- --------------------------- September 30, 2002 5.0-to-1.0 ---------------------------------- --------------------------- December 31, 2002 5.0-to-1.0 ---------------------------------- --------------------------- March 31, 2003 4.0-to-1.0 ---------------------------------- --------------------------- June 30, 2003 4.0-to-1.0 ---------------------------------- --------------------------- September 30, 2003 4.0-to-1.0 ---------------------------------- --------------------------- December 31, 2003 4.0-to-1.0 ---------------------------------- --------------------------- Each Quarter After December 31, 2003 3.0-to-1.0 ---------------------------------- ---------------------------
Sample 1

Related to Funded Debt-OCF Leverage Covenant

  • Consolidated Senior Leverage Ratio As of the end of each fiscal quarter of the members of the Consolidated Group, the Consolidated Senior Leverage Ratio shall not be greater than the ratio set forth below: Fiscal Quarter End Ratio ------------------ ----- December 31, 2000 3.00:1.0 March 31, 2001 3.10:1.0 June 30, 2001 3.10:1.0 September 30, 2001 2.75:1.0 December 31, 2001 and thereafter 2.50:1.0 1.6 Clause (c) of Section 7.9 of the Credit Agreement is amended to read as follows:

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Total Leverage Ratio The Borrowers will not permit the Total Leverage Ratio on the last day of any fiscal quarter to exceed 3.75 to 1.00.

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • Consolidated Senior Secured Leverage Ratio As of any fiscal quarter end, permit the Consolidated Senior Secured Leverage Ratio to be greater than 1.25 to 1.00.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

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