Common use of Ratio of Consolidated Adjusted Cash Flow to Consolidated Debt Service Clause in Contracts

Ratio of Consolidated Adjusted Cash Flow to Consolidated Debt Service. American Ski and its Restricted Subsidiaries shall maintain as of the end of each fiscal quarter, commencing with 2000 Fiscal Quarter 2, for the four-quarter period ending on such date a ratio of (a) Consolidated Adjusted Cash Flow to (b) Consolidated Debt Service of not less than the following levels as of the end of each fiscal quarter indicated: Fiscal Quarter Ratio 2000 Quarter 2 1.10-to-1.00 2000 Quarter 3 1.10-to-1.00 2000 Quarter 4 1.10-to-1.00 2001 Quarter 1 1.10-to-1.00 2001 Quarter 2 1.10-to-1.00 2001 Quarter 3 1.25-to-1.00 and Thereafter

Ratio of Consolidated Adjusted Cash Flow to Consolidated Debt Service. American Ski and its Restricted Subsidiaries shall maintain as of the end of each fiscal quarter, commencing with 2000 Fiscal Quarter 2fiscal quarter 3, for the four-quarter period ending on such date a ratio of (a) Consolidated Adjusted Cash Flow to (b) Consolidated Debt Service of not less than the following levels as of the end of each fiscal quarter indicated: Fiscal Quarter Ratio 2000 Quarter 2 1.10-to-1.00 2000 Quarter 3 1.10-to-1.00 2000 Quarter 4 1.10-to-1.00 2001 Quarter 1 1.10-to-1.00 2001 Quarter 2 1.10-to-1.00 2001 Quarter 3 1.25-to-1.00 2001 Quarter 4 1.25-to-1.00 2002 Quarter 1 1.25-to-1.00 2002 Quarter 2 1.25-to-1.00 2002 Quarter 3 1.50-to-1.00 and Thereafter