Leverage Test. The Borrower will not permit the ratio of (a) Consolidated Total Indebtedness at the last day of any fiscal quarter to (b) Consolidated EBITDA for the twelve-month period ended on such date to be greater than 4.00, commencing with the fiscal quarter ended December 31, 2009.
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Leverage Test. The Borrower will not permit the ratio of (a) Consolidated Total Indebtedness at as of the last day of any fiscal quarter of the Borrower, commencing with the fiscal quarter ended on June 30, 2003, to (b) Consolidated EBITDA for the twelve-month period ended on such date day to be greater than 4.006.25 to 1.0, commencing with as evidenced by the fiscal quarter ended December 31financial statements to be delivered pursuant to Section 5.1(a) or (b), 2009as applicable.
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Leverage Test. The Borrower will not permit the ratio of (a) Consolidated Total Indebtedness at the last day end of any fiscal quarter to (b) Consolidated EBITDA for the twelve-month period ended on such date to be greater than 4.00, commencing with the fiscal quarter ended December 31, 20094.00 to 1.0.
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Samples: Letter of Credit and Reimbursement Agreement (Unisource Energy Corp)
Leverage Test. The Borrower will not permit the ratio of (a) Consolidated Total Indebtedness at to (b) the sum of Consolidated EBITDA and Consolidated Capital Lease Expense, in each case for the twelve- month period ended on the last day of any fiscal quarter to (b) Consolidated EBITDA for the twelve-month period ended on such date to be greater than 4.00, commencing with the fiscal quarter ended December 31, 2009.1997, to be more than the amount specified in the chart below for any such day occurring in the applicable calendar year: Year Maximum Ratio ---- ------------- 1997 and 1998 7.00 1999 6.80 2000 6.60 2001 6.40 2002 6.20
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