Minimum Subscribers. Unless and until at any time after June 30, 1999 the Leverage Ratio shall have been less than 9.00 to 1 for a period of at least two consecutive quarters, the Borrower will not permit the aggregate number of Subscribers to be less than the following respective numbers for the following respective periods: Period Subscribers ------ ----------- From September 30, 1998 15,000 through December 30, 1998 From December 31, 1998 27,500 through March 30, 1999 From March 31, 1999 39,000 through June 29, 1999 From June 30, 1999 49,000 through September 29, 1999 From September 30, 1999 60,080 through December 30, 1999 From December 31, 1999 72,000 through March 30, 2000 From March 31, 2000 82,000 through June 29, 2000 From June 30, 2000 97,000 through September 29, 2000 From September 30, 2000 112,000 through December 30, 2000 From December 31, 2000 128,000 through March 30, 2001 From March 31, 2001 160,000" and at all times thereafter
Appears in 1 contract
Minimum Subscribers. Unless and until at any time after June 30, 1999 the Leverage Ratio shall have been less than 9.00 to 1 for a period of at least two consecutive quarters, the The Borrower will not permit the aggregate number of Subscribers to be less than the following respective numbers for the following respective periods: Minimum Number Period of Subscribers ------ ----------- From September 30, 1998 15,000 through December 30, 1998 From December 31, 1998 27,500 through March 30, 1999 From March 31, 1999 39,000 through June 29, 1999 From June 30, 1999 49,000 through September 29, 1999 From September 30, 1999 60,080 through December 30, 1999 From December 31, 1999 72,000 through March 30, 2000 -------------- From March 31, 2000 82,000 through June 29, 2000 60,000 From June 30, 2000 97,000 through September 29, 2000 70,000 From September 30, 2000 112,000 through December 30, 2000 80,000 From December 31, 2000 128,000 through March 30, 2001 92,000 From March 31, 2001 160,000" through June 29, 2001 102,000 Amendment No.5 Minimum Number Period of subscribers ------ -------------- From June 30, 2001 through September 29, 2001 116,000 From September 30, 2001 through December 30, 2001 131,000 From December 31, 2001 through March 30, 2002 147,000 From March 31, 2002 through June 29, 2002 164,000 From June 30, 2002 through September 29, 2002 181,000 From September 30, 2002 through December 30, 2002 199,000 From December 31, 2002 and at all times thereafterthereafter 218,000
Appears in 1 contract
Minimum Subscribers. Unless Holdings will cause the Borrower not to permit, and until at any time after June 30, 1999 the Leverage Ratio shall have been less than 9.00 to 1 for a period of at least two consecutive quarters, the Borrower will not permit permit, the aggregate number of its Subscribers at the end of any month ended on or after a date set forth below to be less than the following respective numbers for the following respective periodsnumber of Subscribers set forth opposite such date set forth below: Period Subscribers Fiscal Quarter Ended Amount -------------------- ------ ----------- From September 30, 1998 15,000 through December 30, 1998 From December 31, 1998 27,500 through March 30, 1999 From March 31, 1999 39,000 through June 29, 1999 From June 30, 1999 49,000 through September 29, 1999 From September 30, 1999 60,080 through December 30, 1999 From December 31, 1999 72,000 through March 30, 2000 From March 31, 2000 82,000 through June 29, 2000 From June 30, 2000 97,000 through September 29, 2000 From 8,000 September 30, 2000 112,000 through December 30, 2000 From 8,500 December 31, 2000 128,000 through March 30, 2001 From 13,500 March 31, 2001 160,000" and at all times thereafter28,500 June 30, 2001 48,000 September 30, 2001 67,500 December 31, 2001 89,000 March 31, 2002 111,000 June 30, 2002 135,000 September 30, 2002 150,000 December 31, 2002 182,000 March 31, 2003 205,000 June 30, 2003 235,000 September 30, 2003 260,000 December 31, 2003 285,000 March 31, 2004 310,000 June 30, 2004 335,000 September 30, 2004 360,000 December 31, 2004 385,000
Appears in 1 contract
Samples: Credit Agreement (Ubiquitel Inc)
Minimum Subscribers. Unless and until at any time after June 30, 1999 the Leverage Ratio shall have been less than 9.00 to 1 for a period of at least two consecutive quarters, the The Borrower will not permit the aggregate number of Subscribers to be less than the following respective numbers for the following respective periods: Period Minimum Number of Subscribers ------ ----------- From September 30, 1998 15,000 through December 30, 1998 From December 31, 1998 27,500 through March 30, 1999 From March 31, 1999 39,000 through June 29, 1999 ----------------------------- From June 30, 1999 49,000 35,000 through September 29, 1999 From September 30, 1999 60,080 50,000 through December 30, 1999 From December 31, 1999 72,000 50,000 through March 30, 2000 From March 31, 2000 82,000 60,000 through June 29, 2000 From June 30, 2000 97,000 98,500 through September 29, 2000 From September 30, 2000 112,000 112,500 through December 30, 2000 From December 31, 2000 128,000 127,500 through March 30, 2001 From March 31, 2001 160,000" 145,000 through June 29, 2001 From June 30, 2001 163,000 through September 29, 2001 From September 30, 2001 182,000 through December 30, 2001 From December 31, 2001 200,000 and at all times thereafter
C. Section 7.08(e) of the Credit Agreement is hereby amended by deleting the existing Section 7.08(e) and replacing it with that set forth below:
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Minimum Subscribers. Unless and until at any time after June 30, 1999 the Leverage Ratio shall have been less than 9.00 to 1 for a period of at least two consecutive quarters, the Borrower will not permit the aggregate number of Subscribers to be less than the following respective numbers for the following respective periods: Credit Agreement 90 - 85 - Period Subscribers ------ ----------- From July 1, 1998 through September 30, 1998 15,000 through December 3018,750 From October 1, 1998 From through December 31, 1998 27,500 through March 30From January 1, 1999 From through March 31, 1999 39,000 through June 29From April 1, 1999 From through June 30, 1999 49,000 through September 29From July 1, 1999 From through September 30, 1999 60,080 through December 30From October 1, 1999 From through December 31, 1999 72,000 through March 30From January 1, 2000 From through March 31, 2000 82,000 through June 29From April 1, 2000 From through June 30, 2000 97,000 through September 29From July 1, 2000 From through September 30, 2000 112,000 through December 30From October 1, 2000 From through December 31, 2000 128,000 through March 30From January 1, 2001 From March 31, 2001 160,000" and at all times thereafterthereafter 160,000
Appears in 1 contract
Minimum Subscribers. Unless (a) As of each calendar quarter end set forth below, and until (b) at the time of any time after June 30Advance hereunder which, 1999 if funded, would increase the Leverage Ratio shall have been less than 9.00 to 1 for a period aggregate principal amount of at least two consecutive quartersthe Loans outstanding on such date of determination, the Borrower will shall not permit the aggregate total number of Subscribers on such date to be less than the following respective numbers number of Subscribers set forth below for the following respective periodsperiods indicated: Period Number of Subscribers ------ ----------- From September 30, 1998 15,000 through December 30, 1998 From December 31, 1998 27,500 through March 30, 1999 From March 31, 1999 39,000 through June 29, 1999 From June 30, 1999 49,000 through September 29, 1999 From September 30, 1999 60,080 through December 30, 1999 From December 31, 1999 72,000 through March 30, 2000 --------------------- From March 31, 2000 82,000 through June 29, 2000 30,000 From June 30, 2000 97,000 through September 29, 2000 53,000 From September 30, 2000 112,000 through December 30, 2000 95,000 From December 31, 2000 128,000 through March 30, 2001 137,000 From March 31, 2001 160,000" and at through June 29, 2001 190,000 From June 30, 2001 through September 29, 2001 220,000 From September 30, 2001 through December 30, 2001 247,000 From December 31, 2001 through March 30, 2002 277,000 From March 31, 2002 through June 29, 2002 315,000 80 Period Number of Subscribers ------ --------------------- From June 30, 2002 through September 29, 2002 345,000 At all times thereafterthereafter 400,000
Appears in 1 contract
Samples: Loan Agreement (Tritel Finance Inc)