Leverage Test. Borrower shall not permit the Leverage Ratio, determined as of the last day of each fiscal quarter of the Borrower, to exceed the then applicable Permitted Leverage Ratio (the “Leverage Test”).
Leverage Test. The Borrower will not permit the ratio of (a) Consolidated Total Indebtedness at the end of any fiscal quarter to (b) Consolidated EBITDA for the twelve-month period ended on such date to be greater than the amount specified in the chart below for the fiscal year in which such date shall occur: Year Maximum Ratio ---- ------------- 2002 5.75 2003 5.50 2004 5.25 2005 4.75 2006 4.50
Leverage Test. Consolidated Debt shall at no time exceed the Debt Limit.
Leverage Test. The Leverage Ratio shall not exceed the then applicable Permitted Leverage Ratio (the "Leverage Test").
Leverage Test. The Company must ensure that the Leverage Test in respect of each Measurement Period shall not exceed 3.25:1.
Leverage Test. Consolidated Total Liabilities* divided by Tangible Net Worth** shall not be greater than 2.0:1 at the end of each fiscal quarter through March 31, 2007, thereafter Consolidated Total Liabilities divided by Tangible Net Worth shall not be greater than 1.5:1 at the end of each fiscal quarter.
Leverage Test. Section 6.13 of the Existing Agreement is hereby amended and restated in its entirety to read as follows:
Leverage Test. The Borrower will not permit the ratio of (a) Consolidated Total Indebtedness at the end of any fiscal quarter to (b) Consolidated EBITDA for the twelve-month period ended on such date to be greater than the amount specified in the chart below for the period in which such date shall occur: Period Maximum Ratio From the Effective Date through and including December 31, 2006 4.50 From January 1, 2007 through and including December 31, 2007 4.25 From January 1, 2008 through and including June 30, 2008 4.00 From July 1, 2008 through and including September 30, 2008 4.50 From October 1, 2008 through and including December 31, 2008 4.75 From January 1, 2009 through and including June 30, 2009 4.50 From and after July 1, 2009 4.00
Leverage Test. Consolidated Indebtedness shall not exceed the product of (i) the then applicable Leverage Multiplier multiplied by (ii) Adjusted Consolidated Tangible Net Worth (the "Leverage Test").
Leverage Test. The Borrower will not permit the ratio of (a) Consolidated Total Indebtedness at the end of any fiscal quarter to (b) Consolidated EBITDA for the twelve-month period ended on such date to be greater than the amount specified in the chart below for the period in which such date shall occur: ---------------------------------------------------------------------- Period Maximum Ratio ------ ------------- ---------------------------------------------------------------------- From the Effective Date through and including 4.75 December 31, 2005 ---------------------------------------------------------------------- From January 1, 2006 through and including 4.50 December 31, 2006 ---------------------------------------------------------------------- From January 1, 2007 through and including 4.25 December 31, 2007 ---------------------------------------------------------------------- After December 31, 2007 4.00 ----------------------------------------------------------------------
