Senior Debt to Adjusted EBITDA Ratio if and for so long as any Permitted Junior Debt is outstanding, as at the end of each Fiscal Quarter the Senior Debt to Adjusted EBITDA Ratio shall not exceed 3.50 to 1.00; provided that after the occurrence of any Material Acquisition, the maximum Senior Debt to Adjusted EBITDA Ratio shall be temporarily increased to 4.00 to 1.00 for the Fiscal Quarter during which such Material Acquisition occurs and for each of the next two full Fiscal Quarters.
Senior Debt to Adjusted EBITDA Ratio maintain at all times a ratio of Senior Debt to Adjusted EBITDA not exceeding 3.75:1.00; 11.
Senior Debt to Adjusted EBITDA Ratio. I hereby certify to the Lenders and the Agent that the Borrower is in compliance with Section 12.2.1
Senior Debt to Adjusted EBITDA Ratio. [deleted]
(k) Section 9.1.12 of the Credit Agreement is hereby amended to read in its entirety as follows:
Senior Debt to Adjusted EBITDA Ratio. Maintain at the end of each fiscal quarter of PSC a ratio of Senior Debt of PSC and its Subsidiaries outstanding on the Date of Determination to Consolidated Adjusted EBITDA for the most recently completed four fiscal quarters of PSC of not more than the ratio set forth below for such period; provided, however, that (i) if such four fiscal quarter period includes any or all of the fiscal quarters ending on or about December 31, 1998, March 31, 1999, June 30, 1999, September 30, 1999 and December 31, 1999, Consolidated Adjusted EBITDA shall be calculated by using the Pro Forma EBITDA for each such fiscal quarter in such four fiscal quarter period, and (ii) for the purposes solely of calculating the aggregate principal amount of Senior Debt outstanding, the Working Capital Advances shall be deemed to be outstanding in an aggregate principal amount equal to the average principal amount outstanding on the last two fiscal quarter end dates, including the Date of Determination: Four Fiscal Quarters Ending Ratio 3/31/00 2.25 to 1.00 6/30/00 2.25 to 1.00 9/30/00 and thereafter 2.00 to 1.00
2.18 Subsection (d) of Section 5.04 of the Credit Agreement is amended to read in its entirety, as follows:
Senior Debt to Adjusted EBITDA Ratio. Permit the ratio of (a) Senior Debt to (b) Adjusted EBITDA for the preceding four fiscal quarters to be more than 2.25 to 1.0 as of the close of any fiscal quarter."
Senior Debt to Adjusted EBITDA Ratio. Permit or suffer the Senior Debt to Adjusted EBITDA Ratio to be greater than the levels set forth in the following table as of the dates shown: March 31, 2002 1.24 to 1.00 June 30, 2002 1.52 to 1.00 September 30, 2002 1.47 to 1.00 December 31, 2002 1.76 to 1.00 March 31, 2003 1.98 to 1.00 June 30, 2003 1.94 to 1.00 September 30, 2003 1.78 to 1.00 December 31, 2003 1.77 to 1.00
Senior Debt to Adjusted EBITDA Ratio. (i) Permit or suffer the Senior Debt to Adjusted EBITDA Ratio to be greater than the levels set forth in the following table as of the dates shown: September 30, 2003 2.42 to 1.00 December 31, 2003 2.41 to 1.00 March 31, 2004 2.41 to 1.00 June 30, 2004 2.41 to 1.00 September 30, 2004 2.41 to 1.00 December 31, 2004 2.25 to 1.00 March 31, 2005 2.25 to 1.00 June 30, 2005 2.25 to 1.00 September 30, 2005 2.25 to 1.00 December 31, 2005 2.15 to 1.00 March 31, 2006 2.15 to 1.00 June 30, 2006 2.15 to 1.00
(ii) Permit or suffer the Senior Debt to Adjusted EBITDA Ratio to be greater than the levels set forth in the following table as of the dates shown: September 30, 2003 2.64 to 1.00 December 31, 2003 2.63 to 1.00 March 31, 2004 2.63 to 1.00 June 30, 2004 2.63 to 1.00 September 30, 2004 2.63 to 1.00 December 31, 2004 2.45 to 1.00 March 31, 2005 2.45 to 1.00 June 30, 2005 2.45 to 1.00 September 30, 2005 2.45 to 1.00 December 31, 2005 2.35 to 1.00 March 31, 2006 2.35 to 1.00 June 30, 2006 2.35 to 1.00
Senior Debt to Adjusted EBITDA Ratio. Not permit the Senior Debt to Adjusted EBITDA Ratio as of the last day of any Computation Period set forth below to exceed the applicable ratio set forth below for such Computation Period:
Senior Debt to Adjusted EBITDA Ratio. Borrowers will not permit the ratio of (i) Senior Debt on any date set forth below to (ii) Adjusted EBITDA for the twelve (12) month period ending on such date to exceed the ratio set forth below and measured as of such date: December 31, 2005 3.60 to 1.00 March 31, 2006 3.55 to 1.00 June 30, 2006 3.50 to 1.00 September 30, 2006 3.25 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.00 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 2.75 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.40 to 1.00 December 31, 2008 2.40 to 1.00 March 31, 2009 2.40 to 1.00 June 30, 2009 2.40 to 1.00 The last day of each calendar quarter thereafter 2.15 to 1.00
