Senior Debt Ratio. Commencing on the last day of the fiscal quarter ending September 30, 2005 and, measured on the last day of each fiscal quarter thereafter until the Termination Date, the Senior Debt Ratio shall not exceed the following: September 30, 2005 3.55 December 31, 2005 3.79 March 31, 2006 3.88 June 30, 2006 4.26 September 30, 2006 4.20 December 31, 2006 3.51 March 31, 2007 3.65 June 30, 2007 3.37 September 30, 2007 3.15 December 31, 2007 3.00 March 31, 2008 2.87 June 30, 2008 2.83 September 30, 2008 2.82 December 31, 2008 2.84 March 31, 2009 2.85 June 30, 2009 2.85
Appears in 2 contracts
Samples: Credit Agreement (Itc Deltacom Inc), Credit Agreement (Itc Deltacom Inc)
Senior Debt Ratio. Commencing on the last day of the fiscal quarter ending September 30, 2005 and, measured on the last day of each fiscal quarter thereafter until the Termination Date, the Senior Debt Ratio shall not exceed the following: September 30, 2005 3.55 December 31, 2005 3.79 March 31, 2006 3.88 June 30, 2006 4.26 September 30, 2006 4.20 December 31, 2006 3.51 3.91 March 31, 2007 3.65 June 30, 2007 3.37 September 30, 2007 3.15 December 31, 2007 3.00 March 31, 2008 2.87 June 30, 2008 2.83 September 30, 2008 2.82 December 31, 2008 2.84 March 31, 2009 2.85 June 30, 2009 2.85
Appears in 2 contracts
Samples: Securities Purchase Agreement (Itc Deltacom Inc), Note Purchase Agreement (Itc Deltacom Inc)
Senior Debt Ratio. Commencing on the last day of the fiscal quarter ending September 30, 2005 and, measured on the last day of each fiscal quarter thereafter until the Termination Date, the Senior Debt Ratio shall not exceed the following: September 30, 2005 3.55 December 31, 2005 3.79 March 31, 2006 3.88 June 30, 2006 4.26 September 30, 2006 4.20 December 31, 2006 3.51 3.91 March 31, 2007 3.65 June 30, 2007 3.37 3.54 September 30, 2007 3.15 3.52 December 31, 2007 3.00 3.50 March 31, 2008 2.87 3.27 June 30, 2008 2.83 3.07 September 30, 2008 2.82 2.95 December 31, 2008 2.84 2.85 March 31, 2009 2.85 June 30, 2009 2.85
Appears in 1 contract
Samples: Credit Agreement (Itc Deltacom Inc)
Senior Debt Ratio. (A) Commencing on the last day of the fiscal quarter ending September June 30, 2005 and, measured on the last day of each fiscal quarter thereafter until the Termination Date, the Senior Debt Ratio shall not exceed the following: June 30, 2005 3.3:1 September 30, 2005 3.55 3.5:1 December 31, 2005 3.79 3.6:1 March 31, 2006 3.88 June 30, 2006 4.26 September 30, 2006 4.20 December 31, 2006 3.51 March 31, 2007 3.65 June 30, 2007 3.37 September 30, 2007 3.15 December 31, 2007 3.00 March 31, 2008 2.87 June 30, 2008 2.83 September 30, 2008 2.82 December 31, 2008 2.84 March 31, 2009 2.85 June 30, 2009 2.85and thereafter 3.6:1
Appears in 1 contract
Samples: Credit Agreement (Itc Deltacom Inc)
