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

  • First Lien Leverage Ratio On the last day of any Test Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.15 shall not apply until the last day of the first full Fiscal Quarter ending after the Closing Date), the Borrowers shall not permit the First Lien Leverage Ratio to be greater than 7.75:1.00.

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

  • Adjusted Leverage Ratio The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00

  • 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.

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

  • 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.

  • Consolidated Secured Leverage Ratio The Borrower shall cause the Consolidated Secured Leverage Ratio, as of the end of any fiscal quarter, to be equal to or less than 30%.

  • Total Leverage Ratio The Company will not permit the Leverage Ratio as of the last day of any fiscal quarter ending during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio October 1, 2002 through and including December 31, 2002 6.85 to 1.00 January 1, 2003 through and including March 31, 2003 7.50 to 1.00 April 1, 2003 through and including September 30, 2003 7.75 to 1.00 October 1, 2003 through and including December 31, 2003 7.25 to 1.00 January 1, 2004 through and including December 31, 2004 6.50 to 1.00 January 1, 2005 and thereafter 4.00 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 Permit the Consolidated Senior Secured Leverage Ratio as of the end of any Measurement Period to be greater than 3.50 to 1.00.

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