Common use of Operating Cash Flow to Net Cash Interest Expense Ratio Clause in Contracts

Operating Cash Flow to Net Cash Interest Expense Ratio. (a) As of the end of any calendar quarter, (b) at the time of any Advance, (c) upon the incurrence by the Borrower of any Subordinated Debt, (d) at the time of any proposed Asset Disposition by the Borrower or any Restricted Subsidiary, and (e) at the time of any acquisition or investment by the Borrower or any Restricted Subsidiary, the Borrower shall not permit the ratio of (i) Operating Cash Flow for the most recently completed fiscal quarter (calculated as of the end of the fiscal quarter being tested in the case of Section 7.12(a) hereof, or as of the end of the most recently completed fiscal quarter for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be, in the case of Sections 7.12(b), (c), (d) and (e) hereof) to (ii) Net Cash Interest Expense for such fiscal quarter to be less than or equal to the ratios set forth below for the periods indicated: Period Ratio ------ ----- April 1, 1997 through December 31, 1999 1.75:1 January 1, 2000 through December 31, 2000 2.00:1 January 1, 2001 and thereafter 2.25:1

Operating Cash Flow to Net Cash Interest Expense Ratio. (a) As of the end of any calendar quarter, (b) at the time of any Advance, (c) upon the incurrence by the Borrower of any Subordinated Debt, (d) at the time of any proposed Asset Disposition sale, exchange or other disposition of assets by the Borrower or any Restricted Subsidiary, and (e) at the time of any acquisition or investment by the Borrower or any Restricted Subsidiary, the Borrower shall not permit the ratio of (i) Operating Cash Flow for the most recently completed fiscal quarter (calculated as of the end of the fiscal quarter being tested in the case of Section 7.12(a) hereof, or as of the end of the most recently completed fiscal quarter for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be, in the case of Sections 7.12(b), (c), (d) and (e) hereof) to (ii) Net Cash Interest Expense for such fiscal quarter to be less than or equal to the ratios set forth below for the periods indicated: Period Ratio ------ ----- Agreement Date through March 31, 1997 1.50:1 April 1, 1997 through December 31, 1999 1998 1.75:1 January 1, 2000 1999 through December 31, 2000 1999 2.00:1 January 1, 2001 2000 and thereafter 2.25:12.25:1 Notwithstanding the foregoing, in the event that the ratio of Operating Cash Flow for the fiscal quarter ending June 30, 1997 to Interest Expense for such fiscal quarter is less than 2.00 to 1, the Borrower agrees that on or before September 30, 1997, it shall cause equity in form satisfactory to the Managing Agents of not less than $50,000,000 (net of reasonable and