Maximum Senior Debt Leverage Ratio. The Borrower will not ---------------------------------- permit the Senior Debt Leverage Ratio at any time during a fiscal quarter of the Borrower set forth below to be greater than the ratio set forth opposite such fiscal quarter below: ============================================================= Fiscal Quarter Ended in Ratio ----------------------- ----- June 2000 4.25:1.00 ------------------------------------------------------------- September 2000 4.25:1.00 ------------------------------------------------------------- December 2000 4.25:1.00 ------------------------------------------------------------- March 2001 4.25:1.00 ------------------------------------------------------------- June 2001 4.25:1.00 ------------------------------------------------------------- September 2001 4.25:1.00 ------------------------------------------------------------- December 2001 4.00:1.00 and each fiscal quarter thereafter =============================================================
Maximum Senior Debt Leverage Ratio. At any time after the ----------------------------------- conditions set forth in the proviso to the definition of Specific Borrowing Conditions have been met, the Borrower will not permit the Senior Debt Leverage Ratio at any time during a fiscal quarter set forth below to be greater than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ended in Ratio ----------------------- ----- or Closest to ------------- March 1998 5.00:1.00 June 1998 5.00:1.00 September 1998 5.00:1.00 December 1998 5.00:1.00 March 1999 4.50:1.00 June 1999 4.50:1.00 September 1999 4.50:1.00 December 1999 4.50:1.00 March 2000 3.75:1.00 and each fiscal quarter thereafter
Maximum Senior Debt Leverage Ratio. From and after the occurrence of a Leverage Ratio Bifurcation Event, maintain, on a Consolidated basis, a Senior Debt Leverage Ratio not exceeding 3.50 –to– 1.00. This ratio will be calculated at the end of each reporting period for which this Agreement requires Borrower to deliver financial statements, using the results of the twelve-month period ending with that reporting period, commencing as of the test date immediately following the incurrence of such Indebtedness and continuing on each test date thereafter.”
Maximum Senior Debt Leverage Ratio. Each of (i) the Borrower and its Restricted Subsidiaries and (ii) the Borrower and its Subsidiaries, on a consolidated basis shall have at the end of each Fiscal Quarter a Senior Debt Leverage Ratio not in excess of 3.0 to 1.0.
Maximum Senior Debt Leverage Ratio. The Inmark Group shall maintain at all times during each quarter of each Fiscal Year, a Senior Debt Leverage Ratio (as measured on a rolling four-quarter basis) no greater than the Maximum Senior Debt Leverage Ratio corresponding to such quarter in the following table; provided, that in the case of (a) the quarter ended June 30, 1998, the EBITDA component of the Senior Debt Leverage Ratio shall be measured by multiplying the EBITDA for such quarter by four, (b) the quarter ended September 30, 1998, the EBITDA component of the Senior Debt Leverage Ratio shall be measured by multiplying the EBITDA for the six-months then ended by two, and (c) the quarter ended December 31, 1998, the EBITDA component of the Senior Debt Leverage Ratio shall be measured by multiplying the EBITDA for the nine-months then ended by the fraction the numerator of which is four and the denominator of which is three.
Maximum Senior Debt Leverage Ratio. The pro forma financial statements delivered pursuant to Section 3.1(j) shall demonstrate in form and substance reasonably satisfactory to Administrative Agent that on the Initial Closing Date and immediately after giving effect to the transactions contemplated by the Related Agreements and any Credit Extensions to be made on the Initial Closing Date and on the Second Closing Date, the ratio of (i) Consolidated Senior Debt to (ii) pro forma Consolidated Adjusted EBITDA for the twelve-month period ending March 31, 2006 shall not be greater than 3.20 to 1.00.
Maximum Senior Debt Leverage Ratio. Company shall not permit the Senior Debt Leverage Ratio during any period set forth below to exceed the correlative ratio indicated: PERIOD SENIOR DEBT LEVERAGE RATIO ------ -------------------------- Effective Date through Feb. 27, 2002 4.00:1.00 Feb. 28, 2002 through Aug. 30, 2002 3.75:1.00 Aug. 31, 2002 through Dec. 30, 2002 3.65:1.00 Dec. 31, 2002 through June 29, 2003 3.50:1.00 June 30, 2003 through Dec. 30, 2003 3.25:1.00 Dec. 31, 2003 and thereafter 3.00:1.00
Maximum Senior Debt Leverage Ratio. Each of (i) the Borrower and its Restricted Subsidiaries and (ii) the Borrower and its Subsidiaries, on a consolidated basis shall have at the end of each Fiscal Quarter a Senior Debt Leverage Ratio not in excess of 3.00 to 1.00.; and
(i) By amending the Revolving Loan Commitments of the Lenders and the Swingline Lenders to read as set forth on the signature pages hereof.
