Common use of Senior Debt Leverage Ratio Clause in Contracts

Senior Debt Leverage Ratio. Permit the Senior Debt Leverage -------------------------- Ratio to be greater than the ratio for each Rolling Period indicated below: Each Rolling Period ending Ratio -------------------------- ----- December 31, 1998 4.00:1.00 March 31, 1999 4.00:1.00 June 30, 1999 4.00:1.00 September 30, 1999 4.00:1.00 December 31, 1999 4.00:1.00 March 31, 2000 3.40:1.00 June 30, 2000 3.40:1.00 September 30, 2000 3.40:1.00 December 31, 2000 3.40:1.00 March 31, 2001 3.00:1.00 Each Rolling Period Ratio ------------------- ----- thereafter 3.00:1.00 ----------

Appears in 1 contract

Samples: Credit Agreement (Purina Mills Inc)

AutoNDA by SimpleDocs

Senior Debt Leverage Ratio. Permit the Maintain a Senior Debt Leverage -------------------------- Ratio to be of not greater than the ratio for each Rolling Period indicated below: Each Rolling Period ending Ratio -------------------------- ----- March 31, 1997 3.50 June 30, 1997 3.50 September 30, 1997 3.50 December 31, 1997 3.50 March 31, 1998 3.50 June 30, 1998 4.00 September 30, 1998 4.25 December 31, 1998 4.00:1.00 4.25 March 31, 1999 4.00:1.00 3.50 June 30, 1999 4.00:1.00 September 30, 1999 4.00:1.00 December 31, 1999 4.00:1.00 March 31, 2000 3.40:1.00 June 30, 2000 3.40:1.00 September 30, 2000 3.40:1.00 December 31, 2000 3.40:1.00 March 31, 2001 3.00:1.00 3.25 Each Rolling Period Ratio ------------------- ----- thereafter 3.00:1.00 3.00 ----------

Appears in 1 contract

Samples: Credit Agreement (Sterling Chemical Inc)

Senior Debt Leverage Ratio. Permit the Maintain a Senior Debt Leverage -------------------------- Ratio to be of not greater than the ratio for each Rolling Period indicated below: Each Rolling Period ending Ratio -------------------------- ----- September 30, 1998 4.25 December 31, 1998 4.00:1.00 4.75 March 31, 1999 4.00:1.00 4.75 June 30, 1999 4.00:1.00 5.20 September 30, 1999 4.00:1.00 5.20 December 31, 1999 4.00:1.00 March 31, 2000 3.40:1.00 June 30, 2000 3.40:1.00 September 30, 2000 3.40:1.00 December 31, 2000 3.40:1.00 March 31, 2001 3.00:1.00 4.85 Each Rolling Period Ratio ------------------- ----- thereafter 3.00:1.00 ----------3.00

Appears in 1 contract

Samples: Credit Agreement (Sterling Chemical Inc)

AutoNDA by SimpleDocs

Senior Debt Leverage Ratio. Permit the Maintain a Senior Debt Leverage -------------------------- Ratio to be of not greater than the ratio for each Rolling Period indicated below: Each Rolling Period ending Ratio -------------------------- ----- March 31, 1997 3.50 June 30, 1997 3.50 September 30, 1997 3.50 December 31, 1998 4.00:1.00 1997 3.50 March 31, 1999 4.00:1.00 1998 3.25 June 30, 1999 4.00:1.00 1998 3.25 September 30, 1998 3.25 Each Rolling Period during the Fiscal Years ending Ratio September 30, 1999 4.00:1.00 December 31, 1999 4.00:1.00 March 31, 2000 3.40:1.00 June 30, 2000 3.40:1.00 3.00 September 30, 2000 3.40:1.00 December 31, 2000 3.40:1.00 March 313.00 September 30, 2001 3.00:1.00 3.00 September 30, 2002 3.00 Each Rolling Period Ratio ------------------- ----- thereafter 3.00:1.00 ----------3.00"

Appears in 1 contract

Samples: Intercreditor Agreement (Sterling Chemical Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.