Indebtedness Ratio Clause Samples

Indebtedness Ratio. The Borrower will at all times maintain a ratio of Indebtedness for Money Borrowed to Net Worth of not greater than 1.50 to 1.

Indebtedness Ratio. Have an Indebtedness Ratio of not more than the following amounts as of the end of each Fiscal Quarter ending on a date set forth below: DATE RATIO ------------------------- --------- December 31, 1994 through March 31, 1996 .85 to 1 June 30, 1996 through September 30, 1996 .80 to 1 December 31, 1996 through September 30, 1997 .77 to 1 December 31, 1997 through September 30, 1998 .72 to 1 December 31, 1998 through September 30, 1999 .67 to 1 December 31, 1999 and thereafter .62 to 1 ARTICLE VI

Indebtedness Ratio. The Company shall not permit at any time the ratio of (a) Consolidated Indebtedness (but excluding any sums which arise under clause (g) of the definition of "Indebtedness") to (b) Consolidated Total Capitalization as in effect at the end of the fiscal quarter then most recently ended to be more than .60 to 1.00.

Indebtedness Ratio. Notice of Change in Articles, Bylaws or Seller's Guide.....

Indebtedness Ratio. The Obligors will not at any time permit: (a) the ratio of Consolidated Funded Debt to Consolidated Total Capitalization to exceed: RATIO OF CONSOLIDATED FUNDED DEBT TO CONSOLIDATED TOTAL DURING THE PERIOD CAPITALIZATION April 1, 1997 through January 3, 1998 .70 to 1.00 January 4, 1998 and thereafter .50 to 1.00 (b) the ratio of (1) Consolidated Indebtedness to (2) EBITDA, measured at the end of each fiscal quarter for the four (4) immediately preceding fiscal quarters then ended, to be more than 3.5: 1.0; PROVIDED that, for purposes of testing compliance with this covenant, the term (i) "CONSOLIDATED INDEBTEDNESS" shall include the present value of all capital lease obligations of MMI and its Subsidiaries, determined as of any date the ratio is to be determined, and (ii) in the event that MMI or any of its Subsidiaries shall have made an Acquisition involving any Person during any such fiscal quarter, the term "EBITDA" shall include the allocable earnings before interest, taxes, depreciation and amortization for the four (4) most recently completed fiscal quarters of such Person determined in accordance with GAAP, and, if GAAP is not applicable, determined in a manner agreed to in writing by the holders of the Notes and MMI.

Indebtedness Ratio. Borrower will not permit the ratio of its ------------------ total liabilities (as calculated in accordance with GAAP) to Tangible Net Worth (as calculated in accordance with GAAP) to equal or exceed 15 to 1.

Indebtedness Ratio. The Company will not, and will not permit any Subsidiary to, create, assume, incur, guarantee or otherwise become liable for, directly or indirectly, any Indebtedness, other than Indebtedness of the Company and its Subsidiaries which, after giving effect thereto and the application of the proceeds thereof, would result in Consolidated Total Indebtedness of the Company and its Subsidiaries then to be outstanding, determined on a consolidated basis in accordance with GAAP, of not in excess of 50% of the Consolidated Total Capitalization, PROVIDED that for each of the fiscal periods set forth below, the Company will not at any time permit Consolidated Total Indebtedness as reflected on the Company's consolidated balance sheet to exceed the percentage of Consolidated Total Capitalization set forth opposite such fiscal period: Percentage Percentage before Equity after Equity FISCAL QUARTER ENDED INFUSION INFUSION January 31, 1996 87% 87% April 30, 1996 87% 87% July 31, 1996 82% 78% October 31, 1996 80% 78% January 31, 1997 78% 75% April 30, 1997 78% 75% July 31, 1997 78% 75% October 31, 1997 75% 70% (q) CASH FLOW. For each of the fiscal periods set forth below, the Company shall not, as of the end of any such fiscal period, permit the dollar amount of the difference obtained by deducting Capital Expenditures from EBITDA, to be less than the amount set forth opposite such fiscal period on a rolling four-quarter basis: FISCAL QUARTER ENDED AMOUNT October 31, 1996 $4,500,000 January 31, 1997 $4,500,000 April 30, 1997 $4,700,000 July 31, 1997 $5,200,000 October 31, 1997 $5,500,000

Indebtedness Ratio. 35 6.8 Notice of Change in Organizational Documents.................. 35 6.9

Indebtedness Ratio. The aggregate amount of the Intra Group Debt together with the Companies’ indebtedness of a financial nature towards third parties shall be less than the amount of the Enterprise Value and the Companies’ indebtedness of a financial nature towards third parties shall be less than thirty per cent (30%) of the amount of the Enterprise Value.