Minimum Required. 1.75 to 1.0
Minimum Required. 2.25 : 1.00
Minimum Required. 1.25:1.0
(1) This amount to exclude with respect to any calculation encompassing Borrower's 2003 fourth quarter, the sum of $1,746,000 for taxes paid with respect to 2003 fourth quarter non-cash interest income in the approximate amount of $4,600,000. ________________________________________________________________________________ LEVERAGE RATIO SECTION 6.25.2 ________________________________________________________________________________ FOUR FISCAL QUARTERS ENDED [__________] 1. (a) Consolidated Indebtedness $ ____________ 2. (b) Consolidated EBITDA $ ____________ LEVERAGE RATIO: (a/b) ___:___ MAXIMUM ALLOWED: 2.65:1.0 ________________________________________________________________________________ MINIMUM CONSOLIDATED NET WORTH SECTION 6.25.3 ________________________________________________________________________________ AT ALL TIMES CONSOLIDATED NET WORTH $ ____________ MINIMUM:
(a) $325,069,000 $ ____________ (b) 50% of Consolidated Net Income earned in each fiscal quarter beginning $ ____________ with the quarter ending June 30, 2004 (without deduction for losses): MINIMUM CONSOLIDATED TANGIBLE NET WORTH: a + b $ ____________ SCHEDULE II TO COMPLIANCE CERTIFICATE Borrower's Applicable Margin Calculation APPLICABLE MARGIN OR FEE RATE ----------------------------- Eurodollar Rate _____% Floating Rate _____% Letter of Credit Fee _____% Commitment Fee _____% SCHEDULE III TO COMPLIANCE CERTIFICATE Reports and Deliveries Currently Due EXHIBIT C LOAN/CREDIT RELATED MONEY TRANSFER INSTRUCTION To Bank One, NA, as Administrative Agent (the " Administrative Agent") under the Credit Agreement Described Below.
Minimum Required. In any Plan Year, the District's contribution to the Plan, in combination with Participant contributions to the Plan, may not be less than the normal cost rate, as defined in Section 3(b)(2).
Minimum Required. Minimum Consolidated Interest Coverage Four Fiscal Quarters Ending Ratio -------------------------------------- ----------------- Effective Date through fiscal quarter ending October 8, 2005 2.00:1.00 October 9, 2005 through fiscal quarter ending October 7, 2006 2.25:1.00 October 8, 2006 through fiscal quarter ending October 6, 2007 2.50:1.00 each fiscal quarter thereafter 2.75:1.00
Minimum Required. 35 Milestone Date Obligation Threshold 36 April 15, 2010 50% of Contracted Amount Obligated 1 Funds are considered obligation when “orders are placed, contracts are awarded, services are received, and similar transactions have occurred that require payment by the state, unit of local government or subrecipient during the same or a future period.” (Federal Register Notice, page 58332) 1 June 15, 2010 75% of Contracted Amount Obligated 2 August 15, 2010 100% of Contracted Amount Obligated 3 NSP3 Milestones: 50% Expended by March 16, 2013, 100% Expended by 4 March 16, 2014.
5 F. Program Income
6 1. CONTRACTOR shall comply with regulations set forth in Title III of 7 Division B of the Housing and Economic Recovery Act, 2008 (HERA) Public Law 110-289, 8 approved July 30, 2008 and all applicable State or COUNTY regulations concerning the 9 reporting and payment procedures for program income.
10 2. CONTRACTOR shall complete and submit a quarterly Program Income 11 report.
Minimum Required. 8.5: 1.00 ---- ------- ACTUAL:
Minimum Required. Period Ratio ------ ----- Closing Date through December 31, 1999 1.35 to 1.00 January 1, 2000 and thereafter 1.5 to 1.00 Adjusted Current Ratio is computed as follows:
Minimum Required. 2.00:1.00 ---------------- Fixed Charge Coverage Ratio is computed as follows:
