Common use of Funded Debt to EBITDA Ratio Clause in Contracts

Funded Debt to EBITDA Ratio. Maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 3.25:1.0 on the Closing Date, and the ratios indicated for each period specified below: Period Ratio Through 5/31/08 3.0:1.0 From 6/1/08 through 5/31/09 2.75:1.0 From 6/1/09 and thereafter 2.5:1.0 This ratio will be calculated at the end of each reporting period for which this Agreement requires Borrower to deliver financial statements, using the results of the twelve-month period ending with that reporting period.

Funded Debt to EBITDA Ratio. Maintain on a consolidated basis a ratio of Funded Debt to EBITDA Ratio not exceeding 3.25:1.0 on the Closing Date, and the ratios indicated for set forth opposite each period specified set forth below: Funded Debt Reporting Period Ending to EBITDA Ratio Through 5/31/08 3.0:1.0 From 6/1/08 through 5/31/09 2.75:1.0 From 6/1/09 December 31, 2003 6.50 to 1.00 March 31, 2004 6.25 to 1.00 June 30, 2004 6.00 to 1.00 September 30, 2004 5.25 to 1.00 December 31, 2004 5.00 to 1.00 March 31, 2005 4.35 to 1.00 June 30, 2005 4.30 to 1.00 September 30, 2005 and thereafter 2.5:1.0 This ratio will be calculated at the end of 3.75 to 1.00 And each reporting period for which this Agreement requires Borrower to deliver financial statements, using the results of the twelve-month period ending with that reporting period.thereafter

Funded Debt to EBITDA Ratio. Maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 3.25:1.0 on the Closing Date, and the ratios ratio indicated for each period specified below: Period Ratio Through 5/31/08 3.0:1.0 From 6/1/08 the Closing Date through 5/31/09 2.75:1.0 August 31, 2003 2.25:1.0 From 6/1/09 September 1, 2003 through November 30, 2003 1.60:1.0 From December 1, 2003 through November 30, 2004 1.35:1.0 From December 1, 2004 1.25:1.0 and thereafter 2.5:1.0 This ratio will be calculated at the end of each reporting period for which Section 6.01(b) of this Agreement requires Borrower to deliver financial statements, using the results of the twelve-month period ending with that reporting period.

Funded Debt to EBITDA Ratio. Maintain To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 3.25:1.0 on the Closing Date, and the ratios indicated for each period specified below: Period Ratio Through 5/31/08 3.0:1.0 From 6/1/08 through 5/31/09 2.75:1.0 From 6/1/09 and thereafter 2.5:1.0 1.75:1.0. This ratio will be calculated at the end of each reporting period for which this Agreement the Bank requires Borrower to deliver financial statements, using the results of the twelve-month period ending with that reporting period.

Funded Debt to EBITDA Ratio. Maintain To maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 3.25:1.0 on the Closing Date, and the ratios indicated for each period specified below, with the first calculation of Funded Debt to EBITDA reflected in the Initial Compliance Certificate, and in each subsequent Compliance Certificate: Period Ratio Through 5/31/08 3.0:1.0 From 6/1/08 Closing through 5/31/09 2.75:1.0 3/31/06 2.25:1.00 From 6/1/09 6/30/06 through 9/30/06 2.00:1.00 From 12/31/06 and thereafter 2.5:1.0 This ratio will be calculated at the end of each reporting period for which this Agreement requires Borrower to deliver financial statements, using the results of the twelve-month period ending with that reporting period.1.75:1.00

Funded Debt to EBITDA Ratio. Maintain on a consolidated basis a ratio of Funded Debt to EBITDA not exceeding 3.25:1.0 on the Closing Date, and the ratios ratio indicated for each period specified below: Period Ratio Through 5/31/08 3.0:1.0 From 6/1/08 the Closing Date through 5/31/09 2.75:1.0 August 31, 2003 2.25:1.0 From 6/1/09 September 1, 2003 through November 30, 2003 1.60:1.0 From December 1, 2003 through November 30, 2004 1.35:1.0 From December 1, 2004 and thereafter 2.5:1.0 1.25:1.0 This ratio will be calculated at the end of each reporting period for which Section 6.01(b) of this Agreement requires Borrower to deliver financial statements, using the results of the twelve-month period ending with that reporting period.