Common use of Maximum Debt Ratio Clause in Contracts

Maximum Debt Ratio. The Parent shall not permit the ratio, as of the last day of each fiscal quarter of the Parent, beginning with the fiscal quarter ending June 30, 2006, of (a) the consolidated Debt of the Parent as of such fiscal quarter end to (b) consolidated EBITDA of the Parent for the four-fiscal quarter period then ended, to be greater than 2.50 to 1.00; provided that (i) with respect to the fiscal quarter period ending June 30, 2006, EBITDA shall be measured by multiplying EBITDA for the three-month period then ended by four, (ii) with respect to the fiscal quarter period ending September 30, 2006, EBITDA shall be measured by multiplying EBITDA for the two quarters then ended by two, and (iii) with respect to the fiscal quarter ending December 31, 2006, EBITDA shall be measured by multiplying EBITDA for the three quarters then ended by 4/3.

Maximum Debt Ratio. The Parent Borrower shall not permit the ratio, as of the last day of each fiscal quarter of the ParentBorrower, beginning with the fiscal quarter ending June 30March 31, 20062004, of (a) the consolidated Debt of the Parent Borrower as of such fiscal quarter end to (b) consolidated EBITDA of the Parent for the four-fiscal quarter period then ended, to be greater than 2.50 1.75 to 1.00; provided that (i) with respect to the fiscal quarter period ending June 30March 31, 20062004, EBITDA shall be measured by multiplying EBITDA for the three-month period then ended by four, (ii) with respect to the fiscal quarter period ending September June 30, 20062004, EBITDA shall be measured by multiplying EBITDA for the two quarters then ended by two, and (iii) with respect to the fiscal quarter ending December 31September 30, 20062004, EBITDA shall be measured by multiplying EBITDA for the three quarters then ended by 4/3; provided further that, from and after the date of the Bond Issuance, the maximum ratio permitted for purposes of compliance with this Section 6.19 shall be increased from 1.75 to 1.00 to 3.00 to 1.00.