Funded Debt to Cash Flow. Borrower's consolidated Funded Debt to Cash Flow Ratio was to 1.0 as computed on Funded Debt to Cash Flow Exhibit attached hereto; Capital Expenditures. Borrower's Capital Expenditures were $ . (Maximum of $5,000,000 permitted) Acquisitions. Borrower spent $ on Acquisitions (Maximum of $5,000,000 permitted).
Funded Debt to Cash Flow. Section 7.11.3 of the Credit Agreement is deleted in its entirety and replaced with the following:
Funded Debt to Cash Flow. As of the end of any Quarter during the term of the Loan, permit the ratio of Funded Debt to Annualized Cash Flow to exceed the following ratios:
Funded Debt to Cash Flow. Giving Pro-Forma Effect to any Permitted Acquisition made or to be made or Indebtedness incurred or to be incurred as of the date of determination, at the end of each fiscal quarter, a ratio of Funded Debt to Cash Flow for the four (4) quarters just ended of not greater than 3.50 to 1.0.
Funded Debt to Cash Flow. Borrower will maintain, as of each fiscal quarter end set forth below, a ratio of all outstanding Senior Funded Debt of Borrower at the such quarter end, to (ii) consolidated net income after taxes plus interest expense, depreciation and amortization for the period then ending, of not more than the ratio set forth opposite such quarter end below.
Funded Debt to Cash Flow. As of the end of any Quarter during the term of the Loan, permit the ratio of Funded Debt to Annualized Cash Flow to exceed the following ratios: For Any Quarter Ending Funded Debt to Annualized During or On: Cash Flow Ratio March 31, 1998, through December 31, 1998 6.00:1.0 March 31, 1999, through December 3 1, 1999 5.50:1.0 March 31, 2000, through December 31, 2000 5.00:1.0 March 31, 2001, through December 31, 2001 4.50:1.0 March 31, 2001, and thereafter 4.00:1.0
Funded Debt to Cash Flow. PSS will maintain on a consolidated ------------------------ basis at each fiscal quarter end beginning March 31, 1997, a ratio of Funded Debt to Net Cash flow of not greater than the following: Quarter Ending Maximum Ratio -------------- ------------- March 31, 1997 3.5 to 1.0 June 30, 1997 3.75 to 1.0 September 30, 1997 3.5 to 1.0 Thereafter, PSS will maintain, on a consolidated basis at each fiscal quarter end, a ratio of Funded Debt to Net Cash Flow of not greater than the following ratios based on the aggregate outstanding Revolving Credit Advances and Term Loans: Outstanding Revolving Credit Advances and Term Loans Maximum Ratio ----------------------- ------------- $10,000,000 or less 2.00 to 1.0 $10,000,001 to $20,000,000 2.50 to 1.0 $20,000,001 to $30,000,000 2.75 to 1.0"
Funded Debt to Cash Flow. Guarantor will maintain, as of the last ------------------------ day of each calendar month for the twelve consecutive month period ending on such date, a ratio of (a) Guarantor's aggregate Funded Debt to (b) Guarantor's net income for such period before interest and taxes plus ---- depreciation, amortization and other non-cash expenses deducted in the calculation of such net income of not greater than 2.5 to 1.0.
Funded Debt to Cash Flow. PSS will maintain on a consolidated ------------------------ basis at each fiscal quarter end beginning December 31, 1996, a ratio of Funded Debt to Net Cash Flow of not greater than the following ratios based on the aggregate outstanding Revolving Credit Advances and Term Loans: Outstanding Revolving Credit Maximum Ratio Advances and Term Loans ------------- ----------------------- $10,000,000 or less 2.00 to 1.0 $10,000,001 to $20,000,000 2.50 to 1.0 $20,000,001 to $30,000,000 2.75 to 1.0
Funded Debt to Cash Flow. At the end of each fiscal quarter, a ratio of Funded Debt to Consolidated Cash Flow for the four (4) quarters just ended of not greater than 2.25 to 1.0; provided, following the completion of a Successful IPO, the ratio shall increase from 2.25 to 1.0 to 3.25 to 1.0.
