Senior Debt to Operating Cash Flow Ratio Sample Clauses

Senior Debt to Operating Cash Flow Ratio. Cause, (i) the Senior Debt to Operating Cash Flow Ratio to be not greater than 4.25x after giving effect, on a Pro Forma Basis, to the Borrowings and Other Financings to be made on the Closing Date and the consummation of the Acquisition as of the Closing Date and (ii) as of the last day of each Fiscal Quarter set forth below, the ratio of (A) Senior Debt as of such day to (B) Operating Cash Flow for the four consecutive Fiscal Quarters ending on such day to be not greater than the required ratio set forth below opposite the last day of such Fiscal Quarter: Fiscal Quarter Required Ending Ratio --------------- ---------- June 30, 2000 4.00x September 30, 2000 4.00x December 31, 2000 3.75x March 31, 2001 3.75x June 30, 2001 3.50x September 30, 2001 3.50x December 31, 2001 3.50x March 31, 2002 3.25x June 30, 2002 3.00x September 30, 2002 3.00x December 31, 2002 3.00x March 31, 2003 2.75x June 30, 2003 2.75x September 30, 2003 2.75x December 31, 2003 2.75x March 31, 2004 2.25x 92 June 30, 2004 2.25x September 30, 2004 2.25x December 31, 2004 2.25x March 31, 2005 and thereafter 2.00x
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Senior Debt to Operating Cash Flow Ratio. As of any calculation date, the Borrower shall not permit the ratio of (i) Senior Debt on such date to (ii) Operating Cash Flow for the four (4) fiscal quarter period then ended, or most recently ended, (1) for any date from the Closing Date through and including December 31, 1999, to be greater than 4.25 to 1.00, and (2) at all other times, to be greater than 3.50 to 1.00.
Senior Debt to Operating Cash Flow Ratio. The Borrower, on a Consolidated basis, will not permit the Senior Debt to Operating Cash Flow Ratio calculated as at the end of each of its fiscal quarters ending on or after 31 March 2001, to be greater than:
Senior Debt to Operating Cash Flow Ratio. Cause, (i) as of the Closing Date, the Senior Debt to Operating Cash Flow Ratio to be not greater than 3.00 and (ii) as of the last day of each Fiscal Quarter during any year set forth below, the Senior Debt to Operating Cash Flow Ratio to be not greater than the required ratio set forth below opposite the last day of such Fiscal Quarter: FISCAL QUARTER REQUIRED -------------------------- ---------------- 1997 3.00 1998 2.75 1999 2.75 Thereafter 2.25
Senior Debt to Operating Cash Flow Ratio. Cause, (i) as of ---------------------------------------- the Closing Date, the ratio of (x) Senior Debt as of the Closing Date to (y) Operating Cash Flow for the four consecutive Fiscal Quarters then most recently ended to be not greater than 3.50 and (ii) as of the last day of each Fiscal Quarter during any year set forth below, the ratio of (A) Senior Debt as of such day to (B) Operating Cash Flow for the four consecutive Fiscal Quarters ending on such day to be not greater than the required ratio set forth below opposite the last day of such Fiscal Quarter: 103 Fiscal Quarter Required Ending During Ratio ---------------------- -------- 1996 3.25 1997 3.00 1998 2.75 1999 2.75 Thereafter 2.25
Senior Debt to Operating Cash Flow Ratio. The Borrower shall not permit the ratio of the sum of the principal amount of the Loans outstanding and the aggregate stated amount of the outstanding Letters of Credit as of any date to Operating Cash Flow for the four quarter period then ended or most recently ended to be greater than 3.5 to 1.00.

Related to Senior Debt to Operating Cash Flow Ratio

  • Cash Flow Ratio To maintain on a consolidated basis a cash flow ratio of at least 1.35:1.00.

  • 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.

  • Senior Debt to EBITDA Ratio Not permit the Senior Debt to EBITDA Ratio to be greater than 2.15 to 1.00 as of the end of the Company’s fiscal quarter ending on or about December 31, 2004 or the end of any fiscal quarter thereafter; such ratio to be determined in accordance with GAAP using the ratio of Senior Debt as of the end of such fiscal quarter to EBITDA for the period of four consecutive fiscal quarters of the Company then ending.

  • 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

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • First Lien Leverage Ratio On the last day of any Test Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.15 shall not apply until the last day of the first full Fiscal Quarter ending after the Closing Date), the Borrowers shall not permit the First Lien Leverage Ratio to be greater than 7.75:1.00.

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Leverage Ratios Notwithstanding anything to the contrary contained herein, for purposes of calculating any leverage ratio herein in connection with the incurrence of any Indebtedness, (a) there shall be no netting of the cash proceeds proposed to be received in connection with the incurrence of such Indebtedness and (b) to the extent the Indebtedness to be incurred is revolving Indebtedness, such incurred revolving Indebtedness (or if applicable, the portion (and only such portion) of the increased commitments thereunder) shall be treated as fully drawn.

  • 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.

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

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