Common use of Senior Secured Debt Ratio Clause in Contracts

Senior Secured Debt Ratio. The Companies shall not suffer or permit at any time the ratio of: (x) Total Senior Funded Indebtedness to the extent such Indebtedness is a secured obligation (but, excluding for purposes hereof, the Indebtedness evidenced by the 2002 Senior Secured Fund Notes) to (y) Consolidated Pro-Forma EBITDA to be greater than 5.25 to 1.00 on June 16, 2003 through and including the Waiver Expiration Date, based upon the financial statements of the Companies for the most recently completed four (4) fiscal quarters.

Senior Secured Debt Ratio. The Companies shall not suffer or permit at any time the ratio of: (x) Total Senior Funded Indebtedness to the extent such Indebtedness is a secured obligation (but, excluding for purposes hereof, the Indebtedness evidenced by the 2002 Senior Secured Fund Notes) to (y) Consolidated Pro-Forma EBITDA to be greater than 5.25 4.05 to 1.00 on June 16March 31, 2003 through and including the Waiver Expiration DateJune 15, 2003, based upon the financial statements of the Companies for the most recently completed four (4) fiscal quarters.