Funded Debt Ratio. Maintain as of the end of each fiscal quarter of the Borrower a Funded Debt Ratio of not greater than (a) 3 to 1 as of September 28, 1997 and December 31, 1997, and (b) 2.5 to 1 for each fiscal quarter thereafter.
Appears in 1 contract
Samples: Credit Agreement (Microdyne Corp)
Funded Debt Ratio. Maintain as of For each 12-month period ending on ----------------- the end last day of each fiscal quarter of the Borrower, commencing December 31, 1998, the Borrower shall maintain a Funded Debt Ratio of not greater than (a) 3 3.5 to 1 as of September 28, 1997 and December 31, 1997, and (b) 2.5 to 1 for each fiscal quarter thereafter1.0.
Appears in 1 contract
Samples: Credit Agreement (Microstrategy Inc)
Funded Debt Ratio. Maintain The ------------------- ------------------- Borrower will maintain, as of the end of each fiscal quarter of the Borrower quarter, a Funded Debt Ratio of not greater than (a) 3 3.25 to 1 as of September 28, 1997 and 1.00 during the calendar year ending December 31, 1997, 2000 and (b) 2.5 2.75 to 1 for each fiscal quarter 1.00 at all times thereafter.
Appears in 1 contract
Samples: Loan Agreement (Pizza Inn Inc /Mo/)
Funded Debt Ratio. Maintain as of the end of each fiscal quarter of the The Borrower shall maintain a Funded Debt Ratio (a) from the Closing Date through and including December 30, 2004, of not greater than 3.25 to 1; (ab) 3 to 1 as of September 28, 1997 and December 31, 19972004, through and including December 30, 2005, of not greater than 3.00 to 1; and (c) as of December 31, 2005, and (b) 2.5 at all times thereafter, of not greater than 2.75 to 1 for each fiscal quarter thereafter1.
Appears in 1 contract
Funded Debt Ratio. Maintain as of the end of each fiscal quarter of the Borrower a Funded Debt Ratio of not greater than (a) 3 to 1 as of September 28, 1997 and December 3128, 1997, and (b) 2.5 to 1 for each fiscal quarter thereafter.
Appears in 1 contract
Samples: Credit Agreement (Microdyne Corp)