Required Ratio. Compliance yes/no
Required Ratio. Period Ending Ratio ---------------------------------------------------------- June 30, 2001 1.10 to 1.00 ---------------------------------------------------------- September 30, 2001 1.15 to 1.00 ---------------------------------------------------------- December 31, 2001 1.20 to 1.00 ---------------------------------------------------------- March 31, 2002 1.30 to 1.00 ---------------------------------------------------------- June 30, 2002 1.40 to 1.00 ----------------------------------------------------------
B. One
Required Ratio. From and after the date of the Notes through but not including the Maturity Date, Borrowers shall achieve, and within forty-five (45) days of the end of each calendar quarter (the "DSCR DETERMINATION DATE") provide evidence to Administrative Agent of the achievement for the (x) Canadian Assets of, a Canadian Debt Service Coverage Ratio of not less than 1.15 to 1.0 for the twelve (12) full calendar months immediately preceding the end of such calendar quarter and (y) Domestic Assets of, a Domestic Debt Service Coverage Ratio of not less than 1.15 to 1.0 for the twelve (12) full calendar months immediately preceding the end of such calendar quarter. If at any time such ratio (the "REQUIRED RATIO") is not maintained and a Cash Trap Period exists (or occurs at any time prior to the next DSCR Determination Date), the Requisite Lenders and Administrative Agent, in their sole discretion, shall have the right to retain all Mortgaged Property Gross Cash Flow which would otherwise be payable to the Borrower's Remainder Subaccount pursuant to Section 10.9.1(a)(viii) (or Section 10.9.2(a)(xi), if applicable) in that month and each succeeding calendar month in the Deposit Accounts (for payment of the amounts described in Sections 10.9.1(a)(i), (ii), (iii), (iv), (v), (vi) and (vii) until the Required Ratio is achieved as of any subsequent DSCR Determination Date for the twelve (12) full calendar months preceding the end of such subsequent calendar quarter. If the Required Ratio is achieved as of any one DSCR Determination Date, then subject to Administration Agent being again permitted to retain such Mortgaged Property Gross Cash Flow in the Deposit Accounts in accordance with the immediately preceding sentence, any Mortgaged Property Gross Cash Flow retained in the Deposit Accounts pursuant to the immediately preceding sentence and not theretofore used to satisfy Borrowers' obligations set forth in Sections 10.9.1(a)(i), (ii), (iii), (iv), (v), (vi) or (vii) shall be applied to items set forth in Section 10.9.1(a) (or Section 10.9.2(a), if applicable) in the order of priority therein set forth. All calculations of the Debt Service Coverage Ratio, Canadian Debt Service Coverage Ratio and Domestic Debt Service Coverage Ratio shall be subject to verification by Administrative Agent.
Required Ratio. 2.00 to 1.00 as of the end of each fiscal quarter. As of the Reporting Date, Borrower’s quarterly consolidated Debt Service Coverage Ratio (calculated as shown on attached work sheet) was to 1.00.
Required Ratio. From April 1, 2004 to the Commitment 2.75 to 1.00 Termination Date
9. Schedule I to the Revolving Credit Agreement is deleted in its entirety and the following is substituted in lieu thereof: SCHEDULE I TOTAL LEASE ADJUSTED FUNDED APPLICABLE MARGIN DEBT TO CONSOLIDATED EBITDAR (basis points per annum) ---------------------------- -------------------------------- BASE LIBOR COMMITMENT FEE ------ ----- -------------- Less than 1.00 0.00 100.00 20.00 Greater than or equal to 1.00 and less than 1.50 0.00 125.00 25.00 Greater than or equal to 1.50 and less than 2.00 0.25 150.00 30.00 Greater than or equal to 2.00 and less than 2.50 0.50 175.00 37.50 Greater than or equal to 2.50 0.75 200.0 37.50
10. The definition of "Required Lenders" is deleted in its entirety and the following definition is substituted in lieu thereof:
Required Ratio. Period Ending Ratio ---------------------------------------------------------------- September 30, 2000 1.15 to 1.00 ---------------------------------------------------------------- December 31, 2000 1.00 to 1.00 ---------------------------------------------------------------- March 31, 2001 1.03 to 1.00 ---------------------------------------------------------------- June 30, 2001 1.15 to 1.00 ---------------------------------------------------------------- September 30, 2001 1.20 to 1.00 ---------------------------------------------------------------- December 31, 2001 1.30 to 1.00 ---------------------------------------------------------------- March 31, 2002 1.40 to 1.00 ---------------------------------------------------------------- June 30, 2002 1.50 to 1.00 ---------------------------------------------------------------- *EBITDAR means earnings before interest, taxes, depreciation, amortization, and Rent. Any calculation of such ratio which includes the quarter ending December 31, 1999 shall exclude from the calculation of EBITDAR the amounts of both the actual extraordinary charges (but not more than $13,000,000) and the actual extraordinary gain (but not less than $3,000,000) taken by the Guarantor in that fiscal quarter which are listed with estimated amounts on Exhibit A attached to the Guaranty and shall at all times (i) exclude non-cash reserves for general and/or professional liability claims and the costs associated therewith, (ii) exclude all non-cash income arising from the contribution of assets to a joint venture, and (iii) include cash payments made for general and/or professional liability claims and the costs associated therewith. ATTACHMENT 5
Required Ratio. 1.25 to 1.00 as of the end of each fiscal quarter. As of the Reporting Date, Borrower’s quarterly consolidated Fixed Charge Coverage Ratio (calculated as shown on attached work sheet) was to 1.00.
Required Ratio. 1.1 to 1 1.1 to 1 1.1 to 1 1.1 to 1 ------------------------------------------------------------- ---------------- ---------------- ---------------- ---------------- ------------------------------------------------------------- ---------------- ---------------- ---------------- Test Period: 12 Month Period ending on: 06-30-06 09-30-06 12-31-06 ------------------------------------------------------------- ---------------- ---------------- ----------------
1. Consolidated EBITDA: ------------------------------------------------------------- ---------------- ---------------- ----------------
a. Net Income (exclusive of extraordinary items, etc.) ------------------------------------------------------------- ---------------- ---------------- ---------------- b. Depreciation/Amortization ------------------------------------------------------------- ---------------- ---------------- ----------------
Required Ratio to 1 1.1 to 1 1.1 to 1 ------------------------------------------------------------- ---------------- ---------------- ----------------
Required Ratio. Period Ending Maximum Ratio ------------- ------------- June 30, 2001 6.50 to 1.00 September 30, 2001 6.50 to 1.00 December 31, 2001 6.50 to 1.00 March 31, 2002 6.00 to 1.00 June 30, 2002 6.00 to 1.00 September 30, 2002 6.00 to 1.00 December 31, 2002 6.00 to 1.00 March 31, 2003 5.50 to 1.00 and thereafter
