Common use of Senior Secured Debt Leverage Ratio Clause in Contracts

Senior Secured Debt Leverage Ratio. Permit the Senior Secured Debt Leverage Ratio on the last day of any fiscal quarter of Terex ending during any period set forth below to be in excess of the ratio set forth below for such period: Period Ratio ------ ----- October 1, 2001 - March 31, 2003 2.25 to 1.00 April 1, 2003 - December 31, 2003 2.00 to 1.00 Thereafter Not Applicable"

Senior Secured Debt Leverage Ratio. Permit the Senior Secured Debt Leverage Ratio on the last day of any fiscal quarter of Terex ending during any period set forth below to be in excess of the ratio set forth below for such period: Period Ratio ------ ----- October 1, 2001 Restatement Closing Date - March December 31, 2003 2.25 to 1.00 April January 1, 2003 2004 - December 31June 30, 2003 2005 2.00 to 1.00 Thereafter Not Applicable"

Senior Secured Debt Leverage Ratio. Permit the Senior Secured Debt Leverage Ratio on the last day of any fiscal quarter of Terex ending during any period set forth below to be in excess of the ratio set forth below for such period: Period Ratio ------ ----- October 1, 2001 Restatement Closing Date - March December 31, 2003 2.25 to 1.00 April January 1, 2003 2004 - December 31September 30, 2003 2004 2.00 to 1.00 Thereafter Not Applicable"