Ratio of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of (i) Consolidated Total Debt of Holdings on the last day of any fiscal quarter ending during any period set forth below to (ii) Consolidated EBITDA of Holdings as of the end of and for any period of four consecutive fiscal quarters ending during any period set forth below to exceed the ratio indicated below with respect to such period. Period Ratio Closing Date through 12/31/02 3.0:1.0 1/1/03 through Maturity Date 2.75:1.0
Appears in 2 contracts
Samples: Day Credit Agreement (American Standard Companies Inc), Credit Agreement (American Standard Companies Inc)
Ratio of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of (i) Consolidated Total Debt of Holdings on the last day of any fiscal quarter ending during any period set forth below to (ii) Consolidated EBITDA of Holdings as of for the end of and for any period of four consecutive fiscal quarters ending during any period set forth below on such day to exceed the ratio indicated below with respect 3.25 to such period. Period Ratio Closing Date through 12/31/02 3.0:1.0 1/1/03 through Maturity Date 2.75:1.01.00.
Appears in 2 contracts
Samples: Day Credit Agreement (American Standard Companies Inc), Year Credit Agreement (American Standard Companies Inc)
Ratio of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of (i) Consolidated Total Debt of Holdings on the last day of any fiscal quarter ending during any period set forth below to (ii) Consolidated EBITDA of Holdings as of for the end of and for any period of four consecutive fiscal quarters ending during any period set forth below on such day to exceed the ratio indicated below with respect 3.00 to such period. Period Ratio Closing Date through 12/31/02 3.0:1.0 1/1/03 through Maturity Date 2.75:1.01.00.
Appears in 1 contract
Samples: Five Year Credit Agreement (American Standard Companies Inc)
