Senior Leverage. The Loan Parties shall not permit at any time Revolving Facility Usage to be greater than 5.0 times Eligible RMR.
Senior Leverage. Permit the Senior Leverage Ratio of the Company at any time during any period specified below to be greater than the Senior Leverage Ratio set forth opposite such period below: 50 Senior Period Leverage Ratio ------ -------------- End of Bridge Period to March 31, 1999 4.00:1.00 April 1, 1999 to December 31, 1999 3.50:1.00 January 1, 2000 to December 31, 2000 3.00:1.00 January 1, 2001 to December 31, 2001 2.50:1.00 January 1, 2002 to the Facilities Termination Date 2.00:1.00
Senior Leverage. The Loan Parties shall not at any time permit the ratio of (i) Consolidated Senior Liabilities less the amount of any Permitted Nonrecourse Indebtedness to (ii) the sum of Adjusted Shareholders' Equity plus outstanding Subordinated Indebtedness to exceed 1.15 to 1.0.
Senior Leverage. The Senior Leverage Ratio will at no date during any period set forth below exceed the ratio set forth below opposite such period: -------------------------------------------------------------------------------- PERIOD RATIO -------------------------------------------------------------------------------- Amendment No. 10 Effective Date - 3.5:1 6/30/00 --------------------------------------------------------------------------------
Senior Leverage. Four Fiscal Quarters Ending Ratio Closing Date through December 30, 2006 2.25:1 December 31, 2006 and each fiscal quarter thereafter 2.00:1
Senior Leverage. Section 8.10(b) of the Credit Agreement is hereby amended by deleting the table contained therein and replacing it with the following: Period Ratio Closing Date through March 31, 2003 3.25 to 1.00 June 30, 2003 4.25 to 1.00 September 30, 2003 through March 31, 2004 4.65 to 1.00 June 30, 2004 through September 30, 2004 4.25 to 1.00 December 31, 2004 through March 31, 2005 4.00 to 1.00 June 30, 2005 and each fiscal quarter ending thereafter 3.75 to 1.00
Senior Leverage. Borrower shall not permit the ratio of Senior Debt as of the last day of each fiscal quarter during the periods set forth below to Pro Forma Operating Cash Flow for the twelve (12) month period ending on the last day of each fiscal quarter during the periods set forth below to be greater than the ratio set forth for such period.
Senior Leverage. At any date as of which the amount thereof shall be determined, the ratio of Senior Funded Debt to Consolidated EBITDA, calculated on a trailing four quarters basis. Standby Letters of Credit. Letters of Credit issued by the Issuing Bank pursuant to this Agreement, the drawing under which does not require the delivery of bills of lading, airway bills or other similar types of documents of title, or which are customarily referred to as Standby Letters of Credit. Stated Amount. The maximum amount for which a Letter of Credit may be honored. Subordinated Indebtedness. Indebtedness the payment of principal of and interest on which is expressly subordinated in right of payment, in form and on terms approved by the Agent in writing, to the prior payment in full of the Obligations. Subordinated Indebtedness, includes, without limitation, the Convertible Notes, and other obligations due or to become due, under the Indenture dated as of June 26, 1996 between the Parent and The Bank of New York, as Trustee relating to the Convertible Notes.
Senior Leverage. The ratio of Combined Senior Total Financial Debt at any time to Combined EBITDA (the "SENIOR LEVERAGE RATIO") in respect of any Relevant Period shall not at any time exceed 3:1.
Senior Leverage. The Borrower shall have delivered evidence to the satisfaction of the Agent demonstrating that the ratio of (x) Senior Debt of the Credit Parties as of the Closing Date after giving effect to the payment of all costs and expenses in connection herewith, funding of the initial Loans and issuance of the initial Letters of Credit, to (y) EBITDA of the Borrower for the twelve (12) month period ending November 30, 2007 shall be not greater than 2.0 to 1.
