Senior Debt to Total Capitalization. The Borrower will not permit the ratio of (a) Senior Debt of the Borrower and its Consolidated Subsidiaries outstanding at the end of any of the calendar quarters set forth on Schedule 10.2 to (b) Total Capitalization of the Borrower and its Consolidated Subsidiaries on such date, to exceed the ratio set forth opposite such date on such Schedule.
Senior Debt to Total Capitalization. Until the Total Debt to EBITDA Threshold is achieved, as of any day, permit the ratio of Senior Debt to Total Capitalization of Purchaser and its consolidated Subsidiaries to exceed 0.55:1.00.
Senior Debt to Total Capitalization. The Borrower and NCH will not permit the ratio of (i) Senior Debt of the Borrower and its Consolidated Subsidiaries outstanding as of the last day of any fiscal quarter to (ii) Total Capitalization of the Borrower and its Consolidated Subsidiaries on such date, to exceed a ratio of 0.45:1.00.
Senior Debt to Total Capitalization. The Company will not permit the ratio of Senior Debt to Total Capitalization, determined on a consolidated basis:
(i) to exceed, if any Exchange Debt is issued before December 31, 2002, the Target Ratio at any time from the date of issuance of such Exchange Debt through December 31, 2002; and
(ii) to exceed [***] at any time after December 31, 2002.
Senior Debt to Total Capitalization. From the Effective ----------------------------------- Date until September 29, 2003, the Borrower will not permit the Senior Debt of the Borrower and its Consolidated Subsidiaries outstanding at the end of any calendar quarter to exceed 30% of the Total Capitalization of the Borrower on such date."
(c) Amendment to Section 10.3. Section 10.3, Quarterly Minimum ------------------------- ----------------- Revenue Levels, of the Credit Agreement is hereby amended by deleting such -------------- Section in its entirety and by substituting in lieu thereof the following:
Senior Debt to Total Capitalization. The Borrower will maintain a ratio of Senior Debt to Total Capitalization (i) of not more than 0.40 to 1.0, as of the end of each of the Borrower's fiscal quarters in 1995 and 1996, and (ii) of not more than 0.375 to 1.0, as of the end of each of the Borrower's fiscal quarters thereafter.
Senior Debt to Total Capitalization. The Borrower and NCH will not permit the ratio of (A) Senior Debt of the Borrower and its Consolidated Subsidiaries outstanding as of any date of determination to (B) Total Capitalization of the Borrower and its Consolidated Subsidiaries on such date, to exceed the correlative ratio indicated: ========================================================================================================== PERIOD RATIO ------ ----- ---------------------------------------------------------------------------------------------------------- September 30, 2000 through and including March 30, 2001 0.30:1.00 ---------------------------------------------------------------------------------------------------------- March 31, 2001 through and including December 31, 2001 0.375:1.00 ---------------------------------------------------------------------------------------------------------- January 1, 2002 through and including March 31, 2002 0.40:1.00 ---------------------------------------------------------------------------------------------------------- April 1, 2002 through and including September 30, 2002 0.45:1.00 ---------------------------------------------------------------------------------------------------------- October 1, 2002 through and including June 29, 2003 0.475:1.00 ==========================================================================================================
Senior Debt to Total Capitalization. From the Effective ----------------------------------- Date until June 29, 2003, the Borrower will not permit the Senior Debt of the Borrower and its Consolidated Subsidiaries outstanding at the end of any calendar quarter to exceed 40% of the Total Capitalization of the Borrower on such date.
