Senior Debt Leverage Ratio. No Credit Party shall permit the Senior Debt Leverage Ratio for the quarterly period ending on any date set forth in the table below to exceed the maximum ratio set forth in the table below opposite such date: November 2, 2013 1.00:1.00 February 1, 2014 1.00:1.00 May 3, 2014 1.00:1.00 August 2, 2014 1.00:1.00 November 1, 2014 1.00:1.00 January 31, 2015 1.00:1.00 May 2, 2015 1.00:1.00 August 1, 2015 1.00:1.00 October 31, 2015 1.00:1.00
Senior Debt Leverage Ratio. The Senior Debt Leverage Ratio shall not be greater than the levels specified below as of the end of, and for, each period indicated below, with Adjusted EBITDA measured for the trailing period of four (4) consecutive fiscal quarters then ended: December 31, 2012 2.60 to 1.00 March 31, 2013 2.60 to 1.00 June 30, 2013 2.40 to 1.00 September 30, 2013 2.20 to 1.00 December 31, 2013 2.00 to 1.00 March 31, 2014 1.80 to 1.00 June 30, 2014 1.60 to 1.00 September 30, 2014 1.50 to 1.00 December 31, 2014 1.40 to 1.00 March 31, 2015 1.30 to 1.00 June 30, 2015 1.20 to 1.00 September 30, 2015 1.10 to 1.00 December 31, 2015 and the last day of each succeeding fiscal quarter thereafter 1.00 to 1.00
Senior Debt Leverage Ratio. Commencing January 1, 2003, Borrower -------------------------- shall maintain at all times, measured at each fiscal quarter end occurring on each date set forth below and maintained through the next measurement date, a Senior Debt Leverage Ratio less than or equal to the ratio set forth below opposite such date: Date Ratio ---- ----- March 31, 2003 6.0:1.0 June 30, 2003 3.5:1.0 September 30, 2003 3.5:1.0 December 31, 2003 3.5:1.0 through June 29, 2004 June 30, 2004 and thereafter 2.5:1.0
Senior Debt Leverage Ratio. It will not permit the Senior Debt Leverage Ratio at any time from
(i) the Stage II Date to December 31, 2002 to exceed 18.00 to 1.00;
(ii) January 1, 2003 to March 31, 2003 to exceed 11.00 to 1.00;
(iii) April 1, 2003 to June 30, 2003 to exceed 8.00 to 1.00;
(iv) July 1, 2003 to September 30, 2003 to exceed 7.50 to 1.00;
(v) October 1, 2003 to December 31, 2003 to exceed 6.50 to 1.00;
(vi) January 1, 2004 to March 31, 2004 to exceed 5.00 to 1.00;
(vii) April 1, 2004 to June 30, 2004 to exceed 3.50 to 1.00;
(viii) July 1, 2004 to September 30, 2004 to exceed 3.50 to 1.00;
(ix) October 1, 2004 and thereafter to exceed 3.00 to 1.00.
Senior Debt Leverage Ratio. Not permit the Senior Debt Leverage Ratio at any time from:
(i) the Stage II Date to December 30, 2003 to exceed 8.00 to 1.00;
(ii) December 31, 2003 to December 30, 2004 to exceed 4.00 to 1.00;
(iii) December 31, 2004 to December 30, 2005 to exceed 3.00 to 1.00; and 40 44
(iv) December 31, 2005 and thereafter to exceed 3.00 to 1.00;
Senior Debt Leverage Ratio. Permit the Senior Debt Leverage Ratio at any time during any fiscal quarter set forth below to be greater than the amount set forth opposite such fiscal quarter below: FISCAL QUARTERS ENDING DURING THE FOLLOWING PERIODS: RATIO March 31, 1998 through December 30, 1998 6.00 to 1.00 December 31, 1998 through December 30, 1999 3.50 to 1.00 December 31, 1999 through December 30, 2000 3.50 to 1.00 December 31, 2000 through December 30, 2001 3.50 to 1.00 December 31, 2001 through December 30, 2002 3.50 to 1.00
Senior Debt Leverage Ratio. The Borrower will not permit its Senior Debt Leverage Ratio with respect to the twelve-month period ending on the last day of any Fiscal Quarter to be greater than the ratio set forth opposite such Fiscal Quarter (for each Fiscal Quarter ending prior to the first anniversary of the Merger Consummation Date, such ratio to be calculated as provided in clause (h) of this Section 6.2.4):
Senior Debt Leverage Ratio. 56 ARTICLE VII
Senior Debt Leverage Ratio. The Borrower will not permit the Senior Debt Leverage Ratio for any four-fiscal-quarter period ending during any period set forth below to be in excess of the ratio set forth below opposite such period: PERIOD RATIO ----------------------------------------------------------- ------------- Closing Date through First Fiscal Quarter of 1998 3.15 to 1.00 Fiscal Year Second Fiscal Quarter of 1998 Fiscal Year through First 3.00 to 1.00 Fiscal Quarter of 1999 Fiscal Year Second Fiscal Quarter of 1999 Fiscal Year through 2.75 to 1.00 Fourth Fiscal Quarter of 1999 Fiscal Year Thereafter 2.50 to 1.00
Senior Debt Leverage Ratio. The Company shall not permit the Senior Debt Leverage Ratio as of the last day of any fiscal quarter to be greater than 0.50 to 1.00.
