Secured Indebtedness to Revenue Ratio Sample Clauses

Secured Indebtedness to Revenue Ratio. The Restricted Companies will not (i) incur any Secured Indebtedness at any time during any period set forth below if, after giving effect thereto, the Secured Indebtedness to Revenue Ratio shall exceed the ratio set forth opposite such period in the Incurrence Ratio column below nor (ii) permit the aggregate amount of Secured Indebtedness at any time during any period set forth below to exceed the ratio set forth opposite such period in the Maintenance Ratio column below: Vendor Financing Agreement 82 -77- Incurrence Maintenance Period Ratio Ratio ------ ----- ----- From Effective Date through September 29, 1997 4.25 to 1 4.50 to 1 From September 30, 1997 through December 30, 1997 3.50 to 1 3.75 to 1 From December 31, 1997 through March 30, 1998 2.75 to 1 3.00 to 1 From March 31, 1998 through September 29, 1999 2.50 to 1 2.75 to 1
Sample 1
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Secured Indebtedness to Revenue Ratio. The Restricted Companies will not permit the Secured Indebtedness to Revenue Ratio as at any date set forth below to exceed the ratio set forth opposite such date below: Date Ratio ---- ----- March 31, 1998 2.50 to 1 June 30, 1998 2.25 to 1 September 30, 1998, December 31, 1998 and March 31, 1999 2.00 to 1
Sample 1
Secured Indebtedness to Revenue Ratio. After giving effect to such Borrowing, or such issuance, amendment, renewal or extension of such Letter of Credit, the Secured Indebtedness to Revenue Ratio shall not exceed the applicable amount set forth in Section 7.08(f). Each Borrowing Request, or request for issuance, amendment, renewal or extension of a Letter of Credit, shall be deemed to constitute a representation and warranty by the Borrower (both as of the date of such Borrowing Request, or request for issuance, amendment, renewal or extension, and as of the date of the related Borrowing or issuance, amendment, renewal or extension) as to the matters specified in paragraphs (a), (b), (d) and (e) of this Section 5.02.
Sample 1

Related to Secured Indebtedness to Revenue Ratio

  • Consolidated Senior Secured Leverage Ratio Permit the Consolidated Senior Secured Leverage Ratio as of the end of any Measurement Period to be greater than 3.50 to 1.00.

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Senior Secured Leverage Ratio Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2006 4.50 to 1.00 June 30, 2006 4.50 to 1.00 September 30, 2006 4.50 to 1.00 December 31, 2006 4.50 to 1.00 March 31, 2007 4.50 to 1.00 June 30, 2007 4.50 to 1.00 September 30, 2007 4.50 to 1.00 December 31, 2007 4.00 to 1.00 March 31, 2008 4.00 to 1.00 June 30, 2008 4.00 to 1.00 September 30, 2008 4.00 to 1.00 December 31, 2008 3.75 to 1.00 March 31, 2009 3.75 to 1.00 June 30, 2009 3.75 to 1.00 September 30, 2009 3.75 to 1.00 December 31, 2009 3.50 to 1.00

  • Unsecured Indebtedness All Indebtedness of Borrower, of any Guarantor or of any of the other Related Companies to the extent not secured by a Lien on any Properties including, without limitation, the Outstanding Obligations and any Indebtedness evidenced by any bonds, debentures, notes or other debt securities presently outstanding or which may be hereafter issued by Borrower or by the Company. Unsecured Indebtedness shall not include accrued ordinary operating expenses payable on a current basis.

  • Consolidated Secured Leverage Ratio The Borrower shall cause the Consolidated Secured Leverage Ratio, as of the end of any fiscal quarter, to be equal to or less than 30%.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Debt Service Ratio In the event that the amount of Borrower's unrestricted cash maintained at Bank is less than $1,200,000.00, a ratio of (i) net income plus interest, depreciation, amortization, unfunded capital expenditures, and cash taxes paid, calculated based on the three (3) month period ending as of the date tested, to (ii) principal and interest expense with respect to the Obligations, calculated based on the three (3) month period ending as of the date tested, of greater than 1.25 to 1.0."

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Secured Indebtedness The Borrower shall not permit the ratio of (i) Secured Indebtedness of the Borrower and its Subsidiaries to (ii) Total Asset Value to be greater than 0.40 to 1.00 at any time.

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

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