Common use of Funded Debt Ratio Clause in Contracts

Funded Debt Ratio. The Borrower shall maintain a ratio of ----------------- the Borrower's total Indebtedness for Borrowed Money as at the last day of each calendar quarter to total earnings for the last four consecutive complete calendar quarters (before interest, taxes, depreciation and amortization and excluding any extraordinary gains or losses) of not more than 2.5:1.

Funded Debt Ratio. The Borrower shall maintain a ratio of ----------------- the Borrower's total Indebtedness for Borrowed Money as at the last day of each calendar quarter to total earnings for the last four consecutive complete calendar quarters (before interest, taxes, depreciation and amortization and excluding any extraordinary gains or losses) of not more than 2.5:13.25:1 until December 31, 2002 and 3.0:1 thereafter.