Pricing Ratio. See Section 1.03.
Pricing Ratio. As of the end of any fiscal quarter of the Borrower commencing with the fiscal quarter ending September 30, 1997, the ratio of (a) Funded Debt as at the end of such quarter to (b) EBITDA for the period of four (4) consecutive fiscal quarters ending on such date.
Pricing Ratio. As of the end of any fiscal quarter of the Borrowers, the ratio of (a) Funded Debt as at the end of such fiscal quarter to (b) EBITDA for the period of four (4) consecutive fiscal quarters ending on such date. Pricing Table: Level Pricing Ratio Applicable Eurodollar Margin (per annum) Applicable Base Rate Margin (per annum) Applicable L/C Margin (per annum) Applicable Commitment Rate (per annum) 1 Less than 2.50 to 1 1.75% 0.25% 1.75% 0.375% 2 Greater than or equal to 2.50 and less than 3.00 to 1 2.00% 0.50% 2.00% 0.375% 3 Greater than or equal to 3.00 and less than 3.50 to 1 2.25% 0.75% 2.25% 0.50% 4 Greater than or equal to 3.50 and less than 4.00 to 1 2.50% 1.00% 2.50% 0.50% 5 Greater than or equal to 4.00 to 1 2.75% 1.25% 2.75% 0.50% Any change in the applicable margin shall become effective on the first day after receipt by the Banks of the financial statements delivered pursuant to §6.4(a) or (b) which indicate a change in the Pricing Ratio. Notwithstanding the foregoing, (a) for the Applicable Eurodollar Margin, Applicable Base Rate Margin, Applicable L/C Margin and Applicable Commitment Rate payable during the period commencing on the Closing Date through the date six months after the Closing Date, the applicable margin rate shall not be lower than Level 3 above, and (b) if at any time such financial statements are not delivered within the time periods specified in §6.4(a) or (b), the applicable margin shall be the highest rate set forth in the respective column of the Pricing Table, subject to adjustment upon actual receipt of such financial statements.
Pricing Ratio. See Section 1.05. Projections. See Section 4.21.
Pricing Ratio. At the end of any fiscal quarter of the Borrowers, the ratio of Indebtedness of the Borrowers for borrowed money and capitalized leases to (b) EBITDA for the period of four (4) consecutive fiscal quarters then ended, as calculated on the Compliance Certificate delivered by the Borrowers pursuant to 7.4(c).
Pricing Ratio. At the end of any fiscal quarter of the Borrowers, the ratio of (a) Consolidated Funded Indebtedness to (b) EBITDA, as calculated on the Compliance Certificate delivered by the Borrowers pursuant to Section 7.4(c). For the purposes of the Pricing Ratio, EBITDA (a) for the fiscal quarter ending January 31, 2000, shall be actual combined EBITDA of the Parent and its Subsidiaries (other than the Insurance Subsidiary and its De Minimus Subsidiaries) and KTI and its Subsidiaries (other than PERC, Timber, AAR and its De Minimis Subsidiaries) (as approved by the Administrative Agent) (the "Combined First Quarter Amount") for such quarter multiplied by four (4), (b) for the fiscal quarter ending April 30, 2000, shall be the Combined First Quarter Amount PLUS EBITDA for the fiscal quarter ending on such date multiplied by two (2), (c) for the fiscal quarter ending July 31, 2000, shall be the Combined First Quarter Amount PLUS EBITDA for the period of two consecutive fiscal quarters ending on such date multiplied by 1.33, (d) for the fiscal quarter ending October 31, 2000, shall be the Combined First Quarter Amount PLUS EBITDA for the period of three fiscal quarters ending on such date, and (e) for the fiscal quarter ending January 31, 2001 and all fiscal quarters ending thereafter, shall be the EBITDA for the period of four (4) consecutive fiscal quarters ending on such date."
Pricing Ratio. As of the end of any fiscal quarter of the Borrowers commencing with the fiscal quarter ending June 30, 1999, the ratio of (a) Funded Debt as at the end of such quarter to (b) EBITDA for the period of four (4) consecutive fiscal quarters ending on such date.
Pricing Ratio. See Section 1.05. Projections. See Section 4.21. Properties. See Section 4.24. 128 PSC Collateral Account Agreement. That certain Deposit Account Control Agreement, dated as of the Third Amendment Effective Date, among the Agent, DBS Investors, Inc., as administrative agent under the Parent Term Loan Agreement, PNC Bank, National Association, as depository bank, and the Parent, as such Collateral Account Agreement may be amended, supplemented or otherwise modified after the execution thereof to the extent permitted under Section 7.13(a). PSC Subordinated Notes. The Parent's 12.75% Senior Subordinated Exchange Notes due 2007 issuable in exchange for PCC Preferred Stock pursuant to the PCC Preferred Stock Designation under the PSC Subordinated Notes Indenture. PSC Subordinated Notes Indenture. The Indenture filed as an exhibit to the PCC Preferred Stock Designation which would govern the PSC Subordinated Notes if issued. PSC 2001 Indenture. The Indenture dated as of December 19, 2001 between the Parent and J.P. Morgan Trust Company, National Association, as trustee, as origxxxxxx xxxxuted and delivered. PSC 2001 Senior Notes. The Parent's 11.25% Senior Notes due 2010 in an aggregate principal amount not to exceed (i) the initial $175,000,000 thereof plus (ii) additional amounts thereof issued prior to the Third Amendment Effective Date in exchange for other Indebtedness of the Parent, issued pursuant to the PSC 2001 Indenture.
Pricing Ratio. 1. Total Indebtedness (from Leverage Ratio Calculation on Schedule(I)) $ ----------------- 2. Letters of Credit and Letter of Guaranty Obligations ($) ------------------ 3. Sum of Line 1 minus Line 2 $ ------------------ 4. Adjusted EBITDA (from Leverage Ratio Calculation on Schedule(I)) $ ----------------- 5. Pricing Ratio (Line 3 divided by Line 4) _____ to 1.00
Pricing Ratio. As of the end of any fiscal quarter of the Borrowers commencing with the fiscal quarter ending June 30, 1998, the ratio of (a) Funded Debt as at the end of such quarter to (b) EBITDA for the period of four (4) consecutive fiscal quarters ending on such date. PRICING TABLE: APPLICABLE APPLICABLE APPLICABLE APPLICABLE APPLICABLE LEVEL PRICING RATIO EURODOLLAR BASE RATE L/C MARGIN COMMITMENT RATE EURODOLLAR REVOLVER MARGIN (PER ANNUM) (PER ANNUM) TERM LOAN MARGIN (PER ANNUM) MARGIN (PER ANNUM) (PER ANNUM) 1 Less than 2.75:1 1.75% 0.00% 1.75% 0.375% 2.25% 2 Greater than or equal to 2.00% 0.00% 2.00% 0.375% 2.50% 2.75:1 but less than 3.25:1 3 Greater than or equal to 2.25% 0.00% 2.25% 0.375% 2.75% 3.25:1 but less than 4.25:1
