Maintenance of Consolidated Total Debt to Consolidated EBITDA Clause Samples

Maintenance of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of Consolidated Total Debt of Holdings and its Subsidiaries to Consolidated EBITDA of Holdings and its Subsidiaries for any period of four consecutive calendar quarters ending at the end of the 100 94 calendar quarters set forth below to be greater than the ratio set forth opposite such calendar quarter below: Calendar Quarter Ratio ---------------- ----- 1999 4th 5.75 to 1.00 2000 1st 5.75 to 1.00 2nd 5.75 to 1.00 3rd 5.75 to 1.00 4th 5.35 to 1.00 2001 1st 5.35 to 1.00 2nd 5.35 to 1.00 3rd 5.35 to 1.00 4th 4.85 to 1.00 2002 1st 4.75 to 1.00 2nd 4.75 to 1.00 3rd 4.75 to 1.00 4th 4.25 to 1.00 2003 1st 4.25 to 1.00 2nd 4.25 to 1.00 3rd 4.25 to 1.00 4th 4.00 to 1.00 2004 1st 4.00 to 1.00 2nd 4.00 to 1.00 3rd 4.00 to 1.00 4th 4.00 to 1.00 2005 1st 4.00 to 1.00 2nd 4.00 to 1.00
Maintenance of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of (i) Consolidated Total Debt of the Borrower and its Subsidiaries as of the last day of each of the fiscal quarters set forth below less the aggregate amount of cash and Cash Equivalents shown on the consolidated balance sheet of the Borrower as of the last day of the applicable fiscal quarter to (ii) Consolidated EBITDA of the Borrower and its Subsidiaries for the period of four consecutive fiscal quarters ending on the last day of each of the fiscal quarters set forth below to be greater than the ratio set forth opposite such fiscal quarter below: Quarter Ending Amount March 31, 2005 4.25 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.25 to 1.00 March 31, 2006 4.00 to 1.00
Maintenance of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of Consolidated Total Debt of the Borrower and its Subsidiaries to Consolidated EBITDA of the Borrower and its Subsidiaries for the period of four consecutive fiscal quarters ending on the last day of each of the fiscal quarters set forth below to be greater than the ratio set forth opposite such fiscal quarter below: Quarter Ending Ratio 2002 September 30 3.45 to 1.00 December 31 3.45 to 1.00 2003 March 31 3.40 to 1.00 June 30 3.25 to 1.00 September 30 3.25 to 1.00 December 31 3.20 to 1.00 2004 March 31 3.15 to 1.00 June 30 3.10 to 1.00 September 30 and thereafter 3.00 to 1.00
Maintenance of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of Consolidated Total Debt of Holdings and its Subsidiaries to Consolidated EBITDA of Holdings and its Subsidiaries for any period of four consecutive calendar quarters ending at the end of the calendar quarters set forth below to be greater than the ratio set forth opposite such calendar quarter below; provided that for the purposes of determining the ratio for any period of four consecutive calendar quarters ending at the end of the second, third and fourth full calendar quarters following the Closing Date, Consolidated EBITDA of Holdings and its Subsidiaries (i) for the third calendar quarter of 1996 shall be deemed to be $50,800,000, (ii) for the fourth calendar quarter of 1996 shall be deemed to be $50,800,000, and (iii) for the first and second calendar quarter of 1997 shall be deemed to be $51,800,000: 106 100 Fiscal Year Ratio ----------- ----- 1997 2nd 5.75 to 1.00 3rd 5.60 to 1.00 4th 5.50 to 1.00
Maintenance of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of Consolidated Total Debt of Holdings and its Subsidiaries to Consolidated EBITDA of Holdings and its Subsidiaries for any period of four consecutive calendar quarters ending at the end of the calendar quarters set forth below to be greater than the ratio set forth opposite such calendar quarter below; provided that for the purposes of determining the ratio for (i) the period of four consecutive calendar quarters ending at December 31, 1997, Consolidated EBITDA of Holdings and its Subsidiaries for the first and second calendar quarter of 1997 shall be deemed to be $51,800,000 and (ii) for any period of four consecutive calendar quarters ending at March 31, June 30, September 30 or December 31, 1998, Consolidated EBITDA of Holdings and its Subsidiaries for each calendar quarter ending prior to or on March 31, 1998 shall be deemed to be the sum of the actual Consolidated EBITDA of Holdings and its subsidiaries plus $9,000,000, which represents an approximation of the EBITDA of the Permitted Acquisitions contemplated to be made in connection with the Additional US Term Loan Amendment: Fiscal Year Ratio ----------- ----- 1997 4th 5.50 to 1.00 1998 1st 5.80 to 1.00 2nd 5.80 to 1.00 3rd 5.80 to 1.00
Maintenance of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of Consolidated Total Debt of the Borrower and its Subsidiaries to Consolidated EBITDA of the Borrower and its Subsidiaries for any period of four consecutive calendar quarters ending at the end of the calendar quarters set forth below to be greater than the ratio set forth opposite such calendar quarter below; provided that for the purposes of determining the ratio for the period of four consecutive calendar quarters ending at the end of the fourth calendar quarter for 1996, Consolidated EBITDA of the Borrower and its Subsidiaries for the first calendar quarter of 1996 shall be deemed to be $23,400,000; and provided further that for the purposes of determining the ratio for the period of four consecutive calendar quarters ending at the end of (i) the first calendar quarter for 1997, Consolidated EBITDA of the Borrower and its Subsidiaries for such period shall be deemed to be increased by an amount equal to the Consolidated EBITDA of Camden for the second, third and fourth calendar quarters for 1996 and for January 1997 (which amount shall equal $8,650,000), (ii) the second calendar quarter for 1997, Consolidated EBITDA of the Borrower and its Subsidiaries for such period shall be deemed to be increased by an amount equal to the Consolidated EBITDA of Camden for the third and fourth calendar quarters for 1996 and for January 1997 (which amount shall equal $6,100,000), (iii) the third calendar quarter for 1997, Consolidated EBITDA of the Borrower and its Subsidiaries for such period shall be deemed to be increased by an amount equal to the Consolidated EBITDA of Camden for the fourth calendar quarter for 1996 and for January 1997 (which amount shall equal $3,550,000) and (iv) the fourth calendar quarter for 1997, Consolidated EBITDA of the Borrower and its Subsidiaries for such period shall be deemed to be increased by an amount equal to the Consolidated EBITDA of Camden for January 1997 (which amount shall equal $1,000,000): 95 90 Fiscal Year Ratio ----------------- ----- 1996 4th 5.90 to 1.00 1997 1st 5.85 to 1.00 2nd 5.75 to 1.00 3rd 5.50 to 1.00 4th 5.40 to 1.00