Common use of Maximum Debt Ratio Clause in Contracts

Maximum Debt Ratio. Seminis shall not permit, as of the last day of each fiscal quarter ending on any date specified below, its Debt Ratio to be greater than the ratio specified for such date below: DEBT RATIO SHALL NOT BE DATE GREATER THAN December 31, 2002 3.60 to 1 March 31, 2003 3.60 to 1 June 30, 2003 3.50 to 1 September 30, 2003 3.50 to 1

Maximum Debt Ratio. Seminis shall not permit, as of the last day of each any fiscal quarter ending on any date specified belowquarter, its Debt Ratio to be greater than the ratio specified for such date below: DEBT RATIO SHALL NOT BE DATE FISCAL QUARTER ENDING GREATER THAN June 30, 2001 11.50 to 1 September 30, 2001 6.30 to 1 December 31, 2002 3.60 2001 6.15 to 1 March 31, 2003 3.60 2002 5.20 to 1 June 30, 2003 3.50 2002 4.55 to 1 September 30, 2003 3.50 2002 4.00 to 1"

Maximum Debt Ratio. Seminis shall not permit, as of the last day of each any fiscal quarter ending on any date specified belowquarter, its Debt Ratio to be greater than the ratio specified for such date below: DEBT RATIO SHALL NOT BE DATE FISCAL QUARTER ENDING GREATER THAN --------------------- ------------------------ June 30, 2001 [11.50 to 1] September 30, 2001 [6.00 to 1] December 31, 2002 3.60 2001 [6.00 to 1 1] March 31, 2003 3.60 2002 [5.00 to 1 1] June 30, 2003 3.50 2002 [5.00 to 1 1] September 30, 2003 3.50 2002 [4.00 to 1]"

Maximum Debt Ratio. Seminis shall not permit, as of the last day of each any fiscal quarter ending on any date specified belowquarter, its Debt Ratio to be greater than the ratio specified for such date below: DEBT RATIO SHALL NOT BE DATE FISCAL QUARTER ENDING GREATER THAN June 30, 2000 4.25 to 1 September 30, 2000 4.25 to 1 December 31, 2002 3.60 2000 3.75 to 1 March 31, 2003 3.60 2001 4.00 to 1 June 30, 2003 3.50 2001 3.75 to 1 September 30, 2003 3.50 2001 and thereafter 3.25 to 1"

Maximum Debt Ratio. Seminis shall not permit, as of the last day of each any fiscal quarter ending on any date specified belowquarter, its Debt Ratio to be greater than the ratio specified for such date below: DEBT RATIO SHALL NOT BE DATE GREATER FISCAL QUARTER ENDING THAN June 30, 1999 4.25 to 1 September 30, 1999 4.00 to 1 December 31, 2002 3.60 1999 4.00 to 1 March 31, 2003 3.60 2000 4.00 to 1 June 30, 2003 2000 3.50 to 1 September 30, 2003 2000 3.50 to 1 December 31, 2000 3.50 to 1 March 31, 2001 3.50 to 1 June 30, 2001 and thereafter 3.25 to 1