Funded Indebtedness to Capitalization Ratio. The Funded Indebtedness to Capitalization Ratio, as of the last day of each fiscal quarter of the Consolidated Parties, shall be less than or equal to: Period Ratio Closing Date through and including July 31, 2002 62.5% August 1, 2002 through and including July 31, 2003 60.0% August 1, 2003 through and including July 31, 2004 57.5% August 1, 2004 and thereafter 55.0%
Funded Indebtedness to Capitalization Ratio. Permit the Funded Indebtedness to Capitalization Ratio, as of the last day of each fiscal quarter of the Lessee, to be greater than 0.58 to 1.0.
Funded Indebtedness to Capitalization Ratio. Permit the Funded Indebtedness to Capitalization Ratio (a) as of the end of any Fiscal Quarter ending on or before June 30, 2003 to be greater than 0.55 to 1.00, or (b) as of the end of any Fiscal Quarter ending after June 30, 2003 but on or before December 31, 2003 to be greater than 0.50 to 1.00, or (c) as of the end of any Fiscal Quarter ending after December 31, 2003 to be greater than 0.45 to 1.00.
Funded Indebtedness to Capitalization Ratio. At all times the Funded Indebtedness to Capitalization Ratio shall be less than or equal to 55.00%.
Funded Indebtedness to Capitalization Ratio. The ratio of (a) all Consolidated Funded Indebtedness to (b) the sum of Consolidated Funded Indebtedness plus Consolidated Net Worth will never be greater than 0.65 to 1.0 at any time.
Funded Indebtedness to Capitalization Ratio. At all times the Funded Indebtedness to Capitalization Ratio shall be less than or equal to 70.0%.”
(e) Sections 6.13(b) and (c) and Section 6.14(b) are hereby amended by deleting each reference to “2.25 to 1.0” contained therein and replacing each such reference with “3.00 to 1.0”.
(f) Section 7.01(d) of the Credit Agreement is hereby amended by deleting such Section in its entirety and inserting the following Section 7.01(d) in lieu thereof:
Funded Indebtedness to Capitalization Ratio. At all times the Funded Indebtedness to Capitalization Ratio shall be less than or equal to the percentage as determined in accordance with the grid below: Closing Date to September 30, 2009 60.0% October 1, 2009 and thereafter 55.0% Following the Spin-off, the financial covenants set forth in this Section 6.10 shall be calculated on a Pro Forma Basis.
Funded Indebtedness to Capitalization Ratio. Permit the Funded Indebtedness to Capitalization Ratio as of the end of any Fiscal Quarter to be greater than 0.50 to 1.00.
5. AMENDMENT TO SUBSECTION 14.16(B). Subsection 14.16(b) of the Credit Agreement is hereby amended by adding the following immediately after the reference to "Section 9.6," in the second line of Section 14.16(b): "or if any Capital Stock of a Permitted Non-Guarantor Entity shall be Disposed of in a transaction permitted by clause (f) of Section 9.3,"
Funded Indebtedness to Capitalization Ratio. The Funded Indebtedness to Capitalization Ratio, as of the last day of each fiscal quarter of the Consolidated Parties, shall not be greater than 0.50 to 1.0.
Funded Indebtedness to Capitalization Ratio. Permit the Funded Indebtedness to Capitalization Ratio, at any time, to be greater than: ---------------------------------------------------------------------- Period Ratio ---------------------------------------------------------------------- Closing Date through and including December 30, 2006 65.00% ---------------------------------------------------------------------- December 31, 2006 and thereafter 60.00% ----------------------------------------------------------------------
