Indebtedness Ratio. The Company will not permit the ratio of (i) its Consolidated Indebtedness to (ii) its Consolidated Total Capitalization to exceed 0.65 to 1.0 at any time.
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 Borrower 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 shall not at any time permit the ratio of Consolidated Funded Debt to Consolidated Total Capitalization to exceed: RATIO OF CONSOLIDATED FUNDED DEBT TO CONSOLIDATED TOTAL DURING THE PERIOD: CAPITALIZATION: Closing Date Through March 31, 1996 .90 to 1.00 April 1, 1996 through March 31, 1997 .80 to 1.00 April 1, 1997 through January 3, 1998 .70 to 1.00 January 4, 1998 through January 2, 1999 .60 to 1.00 January 3, 1999 and thereafter .50 to 1.00
Indebtedness Ratio. The Indebtedness Ratio with cutoff date on June 30 and December 30 of each year, while the obligations to pay the Credit remain in force, shall be less than or equal to 3.5 times. If the Indebtedness Ratio exceeds 3.0 times, the Joint Obligors shall submit to the Management Agent an explanation of the status and cause of the Indebtedness Ratio’s increase.
Indebtedness Ratio. This ratio shall be measured at the end of each fiscal quarter for the fiscal quarter then ended.
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, 1998 .85 to 1 June 30, 1998 through September 30, 1998 .83 to 1 December 31, 1998 .80 to 1 March 31, 1999 .78 to 1 June 30, 1999 and thereafter .75 to 1"
(e) Schedule 4.6 of the Credit Agreement is amended in its entirety to read as Schedule 4.6 hereto.
(f) The Definitional Appendix of the Credit Agreement is amended by adding the following proviso at the conclusion of the definition of "Discretionary Funds Basket":
Indebtedness Ratio. As of the last day of each fiscal quarter of the Borrower, the Borrower shall maintain an Indebtedness Ratio of not more than the ratio set forth below: Maximum Ratio of Funded Debt to Applicable Fiscal Quarter Pro Forma Consolidated Cash Flow ---------------------------------------------------- -------------------------------- Second fiscal quarter of 2005 fiscal year 4.50:1.00 Third and fourth fiscal quarters of 2005 fiscal year 4.00:1.00 First and second fiscal quarters of 2006 fiscal year 3.75:1.00 Third and fourth fiscal quarters of 2006 fiscal year 3.50:1.00 Each fiscal quarter of 2007 fiscal year 3.00:1.00 Each fiscal quarter of 2008 fiscal year 2.50:1.00 Each fiscal quarter thereafter 2.00:1.00
