Common use of Senior Secured Leverage Ratio Clause in Contracts

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 to 1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 2006 4.50 to 1.00 June 30, 2004 4.75 2006 4.50 to 1.00 September 30, 2004 4.75 2006 4.50 to 1.00 December 31, 2004 2006 4.50 to 1.00 March 31, 2005 2007 4.50 to 1.00 June 30, 2005 4.25 2007 4.50 to 1.00 September 30, 2005 4.25 2007 4.50 to 1.00 December 31, 2005 2007 4.00 to 1.00 March 31, 2006 2008 4.00 to 1.00 June 30, 2006 2008 4.00 to 1.00 September 30, 2008 4.00 to 1.00 December 31, 2008 3.75 to 1.00 March 31, 2009 3.75 to 1.00 June 30, 2009 3.75 to 1.00 September 30, 2006 2009 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 3.50 to 1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2003 3.85 to 1.00 June 30, 2003 3.85 to 1.00 September 30, 2003 3.85 to 1.00 December 31, 2003 4.75 3.70 to 1.00 March 31, 2004 4.75 3.60 to 1.00 June 30, 2004 4.75 3.60 to 1.00 September 30, 2004 4.75 3.50 to 1.00 December 31, 2004 4.50 3.25 to 1.00 March 31, 2005 4.50 3.25 to 1.00 June 30, 2005 4.25 3.25 to 1.00 September 30, 2005 4.25 3.25 to 1.00 December 31, 2005 4.00 2.75 to 1.00 March 31, 2006 4.00 2.75 to 1.00 June 30, 2006 3.75 2.75 to 1.00 September 30, 2006 3.75 2.75 to 1.00 December 31, 2006 3.25 2.50 to 1.00 March 31, 2007 3.25 2.50 to 1.00 June 30, 2007 3.00 2.50 to 1.00 September 30, 2007 3.00 2.50 to 1.00 December 31, 2007 2.75 2.00 to 1.00 March 31, 2008 2.75 2.00 to 1.00 June 30, 2008 2.75 2.00 to 1.00 September 30, 2008 2.75 2.00 to 1.00 December 31, 2008 2.50 2.00 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 2.00 to 1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit Permit the Senior Secured Leverage Ratio as of at the last day of a any period of four consecutive fiscal quarter quarters ending on or nearest to the date set forth below to exceed the ratio set forth below opposite such date: Fiscal Quarter Ended Period Senior Secured Leverage Ratio -------------------- ----- December 31, 2003 2008 7.00 to 1.00 March 31, 2009 7.00 to 1.00 June 30, 2009 6.75 to 1.00 September 30, 2009 6.75 to 1.00 December 31, 2009 6.75 to 1.00 March 31, 2010 5.75 to 1.00 June 30, 2010 5.75 to 1.00 September 30, 2010 5.75 to 1.00 December 31, 2010 5.75 to 1.00 March 31, 2011 4.75 to 1.00 June 30, 2011 4.75 to 1.00 September 30, 2011 4.75 to 1.00 December 31, 2011 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 2012 and each fiscal quarter thereafter 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 to 1.00

Senior Secured Leverage Ratio. Holdings and the The Borrower will shall not permit the Senior Secured Leverage Ratio as of the last day of a any fiscal quarter set forth below to exceed be greater than the ratio set forth below opposite such datequarter: Fiscal Quarter Ended Maximum Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 4.25:1.00 June 30, 2008 2.75 to 1.00 4.25:1.00 September 30, 2008 2.75 to 1.00 4.25:1.00 December 31, 2008 2.50 to 1.00 4.00:1.00 March 31, 2009 2.50 to 1.00 4.00:1.00 June 30, 2009 2.50 to 1.00 4.00:1.00 September 30, 2009 2.50 to 1.00 4.00:1.00 December 31, 2009 2.25 to 1.003.50:1.00 March 31, 2010 3.50:1.00 June 30, 2010 3.50:1.00 September 30, 2010 3.50:1.00 December 31, 2010 3.00:1.00 March 31, 2011 3.00:1.00 June 30, 2011 3.00:1.00 September 30, 2011 3.00:1.00 December 31, 2011 2.75:1.00 March 31, 2012 2.75:1.00 June 30, 2012 2.75:1.00 September 30, 2012 2.75:1.00 December 31, 2012 and thereafter 2.50:1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit Permit the Senior Secured Leverage Ratio as of for any Test Period ending on the last day of a fiscal quarter set forth below to exceed be greater than the ratio set forth opposite such datefiscal quarter below: Fiscal Quarter Ended Ending Senior Secured Leverage Ratio -------------------- ----- March 31, 2011 3.00:1.00 June 30, 2011 3.00:1.00 September 30, 2011 3.00:1.00 December 31, 2003 4.75 to 1.00 2011 3.00:1.00 March 31, 2004 4.75 to 1.00 2012 3.00:1.00 June 30, 2004 4.75 to 1.00 2012 2.95:1.00 Fiscal Quarter Ending Senior Secured Leverage Ratio September 30, 2004 4.75 to 1.00 2012 2.85:1.00 December 31, 2004 4.50 to 1.00 2012 2.85:1.00 March 31, 2005 4.50 to 1.00 2013 2.75:1.00 June 30, 2005 4.25 to 1.00 2013 2.75:1.00 September 30, 2005 4.25 to 1.00 2013 2.65:1.00 December 31, 2005 4.00 to 1.00 2013 2.65:1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 to 1.002014 and thereafter 2.50:1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit Permit the Senior Secured Leverage Ratio as of the last day of a any fiscal quarter of the Borrower ending on the dates set forth below to exceed be greater than the ratio set forth opposite corresponding to such datefiscal quarter: Fiscal Quarter Ended Ending Senior Secured Leverage Ratio -------------------- ----- June 30, 2013 2.50:1.00 September 30, 2013 2.50:1.00 December 31, 2003 4.75 to 1.00 2013 2.50:1.00 March 31, 2004 4.75 to 1.00 2014 2.50:1.00 June 30, 2004 4.75 to 1.00 2014 2.50:1.00 September 30, 2004 4.75 to 1.00 2014 2.50:1.00 December 31, 2004 4.50 to 1.00 2014 2.50:1.00 March 31, 2005 4.50 to 1.00 2015 2.50:1.00 June 30, 2005 4.25 to 1.00 2015 2.50:1.00 September 30, 2005 4.25 to 1.00 2015 2.50:1.00 December 31, 2005 4.00 to 1.00 2015 2.50:1.00 March 31, 2006 4.00 to 1.00 2016 2.50:1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 to 1.002016 2.50:1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit Permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below any Test Period to exceed be greater than the ratio set forth below opposite the last day of such dateTest Period: Fiscal Quarter Ended Test Period Senior Secured Leverage Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 5.00:1.00 March 31, 2008 2.75 to 1.00 5.00:1.00 June 30, 2008 2.75 to 1.00 5.00:1.00 September 30, 2008 2.75 to 1.00 5.00:1.00 December 31, 2008 2.50 to 1.00 5.00:1.00 March 31, 2009 2.50 to 1.00 4.50:1.00 June 30, 2009 2.50 to 1.00 4.50:1.00 September 30, 2009 2.50 to 1.00 4.50:1.00 December 31, 2009 2.25 to 1.004.50:1.00 March 31, 2010 4.00:1.00 June 30, 2010 4.00:1.00 September 30, 2010 4.00:1.00 December 31, 2010 4.00:1.00 March 31, 2011 4.00:1.00 June 30, 2011 4.00:1.00 September 30, 2011 4.00:1.00 December 31, 2011 4.00:1.00 March 31, 2012 and thereafter 3.50:1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- FISCAL QUARTER ENDED RATIO March 31, 2003 3.85 to 1.00 June 30, 2003 3.85 to 1.00 September 30, 2003 3.85 to 1.00 December 31, 2003 4.75 3.70 to 1.00 March 31, 2004 4.75 3.60 to 1.00 June 30, 2004 4.75 3.60 to 1.00 September 30, 2004 4.75 3.50 to 1.00 December 31, 2004 4.50 3.25 to 1.00 89 March 31, 2005 4.50 3.25 to 1.00 June 30, 2005 4.25 3.25 to 1.00 September 30, 2005 4.25 3.25 to 1.00 December 31, 2005 4.00 2.75 to 1.00 March 31, 2006 4.00 2.75 to 1.00 June 30, 2006 3.75 2.75 to 1.00 September 30, 2006 3.75 2.75 to 1.00 December 31, 2006 3.25 2.50 to 1.00 March 31, 2007 3.25 2.50 to 1.00 June 30, 2007 3.00 2.50 to 1.00 September 30, 2007 3.00 2.50 to 1.00 December 31, 2007 2.75 2.00 to 1.00 March 31, 2008 2.75 2.00 to 1.00 June 30, 2008 2.75 2.00 to 1.00 September 30, 2008 2.75 2.00 to 1.00 December 31, 2008 2.50 2.00 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 2.00 to 1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 3.75 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 3.75 to 1.00 March 31, 2007 3.25 3.75 to 1.00 June 30, 2007 3.00 3.75 to 1.00 September 30, 2007 3.00 3.75 to 1.00 December 31, 2007 2.75 3.50 to 1.00 March 31, 2008 2.75 3.50 to 1.00 June 30, 2008 2.75 3.50 to 1.00 September 30, 2008 2.75 3.50 to 1.00 December 31, 2008 2.50 3.50 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 3.50 to 1.00

Senior Secured Leverage Ratio. Holdings and the The Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a any fiscal quarter ending on any date during any period set forth below to exceed the ratio set forth below opposite such dateperiod: Fiscal Quarter Ended Period Ratio -------------------- ----- December 31, 2003 4.75 From and including the Restatement Effective Date to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.50 to 1.00 and including June 30, 2009 2.50 4.50 to 1.00 July 1, 2009 to and including September 30, 2009 2.50 4.375 to 1.00 October 1, 2009 to and including March 31, 2010 4.25 to 1.00 April 1, 2010 to and including September 30, 2010 4.125 to 1.00 October 1, 2010 to and including March 31, 2011 4.00 to 1.00 April 1, 2011 to and including December 31, 2009 2.25 2011 3.75 to 1.00 January 1, 2012 to and including March 31, 2012 3.675 to 1.00 April 1, 2012 and thereafter: 3.50 to 1.00

Senior Secured Leverage Ratio. (a) Subject to paragraph (b) below, Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 2010 3.25 to 1.00 June 30, 2007 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.00 to 1.00 March 31, 2011 3.00 to 1.00 June 30, 2011 3.00 to 1.00 September 30, 2007 2011 3.00 to 1.00 December 31, 2007 2.75 2011 3.00 to 1.00 March 31, 2008 2.75 2012 3.00 to 1.00 June 30, 2008 2.75 2012 3.00 to 1.00 September 30, 2008 2.75 2012 3.00 to 1.00 December 31, 2008 2.50 2012 3.00 to 1.00 March 31, 2009 2.50 2013 3.00 to 1.00 June 30, 2009 2.50 2013 3.00 to 1.00 September 30, 2009 2.50 2013 3.00 to 1.00 December 31, 2009 2.25 2013 3.00 to 1.00 March 31, 2014 3.00 to 1.00 June 30, 2014 3.00 to 1.00 September 30, 2014 3.00 to 1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit Permit the Senior Secured Leverage Ratio as of the last day of a any fiscal quarter of the Borrower ending on the dates set forth below to exceed be greater than the ratio set forth opposite corresponding to such datefiscal quarter: Fiscal Quarter Ended Ending Senior Secured Leverage Ratio -------------------- ----- June 30, 2012 2.50:1.00 September 30, 2012 2.50:1.00 December 31, 2003 4.75 to 1.00 2012 2.50:1.00 March 31, 2004 4.75 to 1.00 2013 2.50:1.00 June 30, 2004 4.75 to 1.00 2013 2.50:1.00 September 30, 2004 4.75 to 1.00 2013 2.50:1.00 December 31, 2004 4.50 to 1.00 2013 2.50:1.00 March 31, 2005 4.50 to 1.00 2014 2.50:1.00 June 30, 2005 4.25 to 1.00 2014 2.50:1.00 September 30, 2005 4.25 to 1.00 2014 2.50:1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 to 1.002014 2.50:1.00

Senior Secured Leverage Ratio. Holdings and As of the Borrower will not permit last day of each Fiscal Quarter during any period set forth below, with respect to each Facility, the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below for such Facility shall not to exceed be greater than the ratio set forth opposite such dateFiscal Quarter: Fiscal Quarter Ended Period Senior Secured Leverage Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31(First Lien Facility Maximum Ratio) Senior Secured Leverage Ratio (Second Lien Facility Maximum Ratio) July 1, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 - September 30, 2004 4.75 to 1.00 3.00:1 3.25:1 October 1, 2004 - December 31, 2004 4.50 to 1.00 2.75:1 3.00:1 January 1, 2005 - March 31, 2005 4.50 to 1.00 June 302.50:1 2.75:1 April 1, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 - December 31, 2005 4.00 to 1.00 March 312.25:1 2.50:1 January 1, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 - September 30, 2006 3.75 to 1.00 2.00:1 2.25:1 October 1, 2006 - December 31, 2006 3.25 to 1.00 March 311.75:1 2.00:1 January 1, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 - December 31, 2007 2.75 to 1.00 March 311.50:1 1.75:1 January 1, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 - December 31, 2008 2.50 to 1.00 March 311.25:1 1.50:1 January 1, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 - December 31, 2009 2.25 to 1.001.00:1 1.25:1 January 1, 2010 and thereafter 0.75:1 1.00:1

Senior Secured Leverage Ratio. Holdings and The Borrower Parties shall not permit, at the Borrower will not permit end of each applicable fiscal quarter, the Senior Secured Leverage Ratio as of to be greater than the last day of a fiscal quarter required amount for the applicable period set forth below to exceed the ratio set forth opposite such datebelow: Fiscal Quarter Ended Ending: Applicable Ratio -------------------- ----- December 31September, 2003 4.75 to 1.00 March 312012 5.00:1.00 December, 2004 4.75 to 1.00 June 302012 5:00:1.00 Xxxxx, 2004 4.75 to 1.00 September 300000 5.00:1.00 June, 2004 4.75 to 1.00 December 312013 5.00:1.00 September, 2004 4.50 to 1.00 March 312013 5.00:1.00 December, 2005 4.50 to 1.00 June 302013 4.75:1.00 March, 2005 4.25 to 1.00 September 302014 4.75:1.00 June, 2005 4.25 to 1.00 December 312014 4.50:1.00 September, 2005 4.00 to 1.00 March 312014 4.25:1.00 December, 2006 4.00 to 1.00 June 302014 4.00:1.00 March, 2006 3.75 to 1.00 September 302015 4.00:1.00 June, 2006 3.75 to 1.00 December 312015 3.75:1.00 September, 2006 3.25 to 1.00 March 312015 3.50:1.00 December, 2007 3.25 to 1.00 June 302015 3.50:1.00 March, 2007 3.00 to 1.00 September 302016 3.50:1.00 June, 2007 3.00 to 1.00 December 312016 3.50:1.00 September, 2007 2.75 to 1.00 March 312016 3.50:1.00 December, 2008 2.75 to 1.00 June 302016 3.50:1.00 March, 2008 2.75 to 1.00 September 302017 3.50:1.00 June, 2008 2.75 to 1.00 December 312017 3.50:1.00 September, 2008 2.50 to 1.00 March 312017 3.50:1.00 December, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 to 1.002017 3.50:1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit Permit the Senior Secured Leverage Ratio as of on the last day of a any fiscal quarter set forth below (beginning with the fiscal quarter ended March 31, 2008) to exceed the ratio set forth below opposite the last day of such datefiscal quarter: Fiscal Quarter Ended Senior Secured Leverage Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 5.60:1.00 June 30, 2008 2.75 to 1.00 5.60:1.00 September 30, 2008 2.75 to 1.00 5.35:1.00 December 31, 2008 2.50 to 1.00 5.35:1.00 March 31, 2009 2.50 to 1.00 5.35:1.00 June 30, 2009 2.50 to 1.00 5.35:1.00 September 30, 2009 2.50 to 1.00 5.00:1.00 December 31, 2009 2.25 to 1.005.00:1.00 March 31, 2010 5.00:1.00 June 30, 2010 5.00:1.00 September 30, 2010 5.00:1.00 December 31, 2010 5.00:1.00 March 31, 2011 and thereafter 4.75:1.00 135

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of for any Test Period ending on the last day of a fiscal quarter of Holdings set forth below to exceed be greater than the ratio set forth opposite such datefiscal quarter below: Fiscal Quarter Ended Ending Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 2015 5.50:1.00 March 31, 2004 4.75 to 1.00 2016 5.50:1.00 June 30, 2004 4.75 to 1.00 2016 5.50:1.00 September 30, 2004 4.75 to 1.00 2016 5.00:1.00 December 31, 2004 4.50 to 1.00 2016 4.50:1.00 March 31, 2005 4.50 to 1.00 2017 4.25:1.00 June 30, 2005 4.25 to 1.00 2017 4.00:1.00 September 30, 2005 4.25 to 1.00 2017 4.00:1.00 December 31, 2005 4.00 to 1.00 2017 4.00:1.00 March 31, 2006 4.00 to 1.00 2018 3.75:1.00 June 30, 2006 3.75 to 1.00 2018 3.50:1.00 September 30, 2006 3.75 to 1.00 2018 3.50:1.00 December 31, 2006 3.25 to 1.00 2018 3.25:1.00 March 31, 2007 3.25 to 1.00 2019 3.00:1.00 June 30, 2007 3.00 to 1.00 2019 3.00:1.00 September 30, 2007 3.00 to 1.00 2019 2.75:1.00 December 31, 2007 2.75 to 1.00 2019 2.75:1.00 March 31, 2008 2.75 to 1.00 2020 2.75:1.00 June 30, 2008 2.75 to 1.00 2020 2.75:1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 to 1.002020 2.75:1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of on the last day of a fiscal quarter set forth below to exceed be greater than the ratio set forth opposite such datefiscal quarter below: Fiscal Quarter Ended Closest to Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 4.00:1.00 September 30, 2005 4.25 to 1.00 4.00:1.00 December 31, 2005 4.00 to 1.00 4.00:1.00 March 31, 2006 4.00 to 1.00 3.80:1.00 June 30, 2006 3.75 to 1.00 3.60:1.00 September 30, 2006 3.75 to 1.00 3.60:1.00 December 31, 2006 3.25 to 1.00 3.40:1.00 March 31, 2007 3.25 to 1.00 3.00:1.00 June 30, 2007 3.00 to 1.00 3.00:1.00 September 30, 2007 3.00 to 1.00 3.00:1.00 December 31, 2007 2.75 to 1.00 3.00:1.00 March 31, 2008 2.75 to 1.00 2.40:1.00 June 30, 2008 2.75 to 1.00 2.40:1.00 September 30, 2008 2.75 to 1.00 2.40:1.00 December 31, 2008 2.50 to 1.00 2.40:1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 to 1.00and each fiscal quarter thereafter 2.00:1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2003 3.85 to 1.00 June 30, 2003 3.85 to 1.00 September 30, 2003 3.85 to 1.00 December 31, 2003 4.75 3.70 to 1.00 March 31, 2004 4.75 3.60 to 1.00 June 30, 2004 4.75 3.60 to 1.00 September 30, 2004 4.75 3.50 to 1.00 December 31, 2004 4.50 3.25 to 1.00 March 31, 2005 4.50 3.25 to 1.00 June 30, 2005 4.25 3.25 to 1.00 September 30, 2005 4.25 3.25 to 1.00 December 31, 2005 4.00 2.75 to 1.00 March 31, 2006 4.00 2.75 to 1.00 June 30, 2006 3.75 2.75 to 1.00 September 30, 2006 3.75 2.75 to 1.00 December 31, 2006 3.25 2.50 to 1.00 March 31, 2007 3.25 2.50 to 1.00 June 30, 2007 3.00 2.50 to 1.00 September 30, 2007 3.00 2.50 to 1.00 December 31, 2007 2.75 2.00 to 1.00 March 31, 2008 2.75 2.00 to 1.00 June 30, 2008 2.75 2.00 to 1.00 September 30, 2008 2.75 2.00 to 1.00 December 31, 2008 2.50 2.00 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 2.50 to 1.00 December 31, 2009 2.25 2.00 to 1.00

Senior Secured Leverage Ratio. Holdings and the Borrower will not permit Permit the Senior Secured Leverage Ratio as of at the last day of a any period of four consecutive fiscal quarter quarters ending on or nearest to the date set forth below to exceed the ratio set forth below opposite such date: Fiscal Quarter Ended Period Senior Secured Leverage Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 2.50 7.00 to 1.00 March 31, 2009 2.50 7.00 to 1.00 June 30, 2009 2.50 6.75 to 1.00 September 30, 2009 2.50 6.75 to 1.00 December 31, 2009 2.25 7.25 to 1.00 March 31, 2010 7.75 to 1.00 June 30, 2010 7.75 to 1.00 September 30, 2010 7.75 to 1.00 December 31, 2010 8.00 to 1.00 March 31, 2011 7.50 to 1.00 June 30, 2011 7.50 to 1.00 September 30, 2011 7.50 to 1.00 December 31, 2011 7.25 to 1.00 March 31, 2012 7.00 to 1.00 June 30, 2012 7.00 to 1.00 September 30, 2012 6.75 to 1.00 December 31, 2012 6.75 to 1.00 March 31, 2013 6.50 to 1.00 June 30, 2013 6.50 to 1.00 September 30, 2013 6.00 to 1.00 December 31, 2013 5.75 to 1.00 March 31, 2014 and each fiscal quarter thereafter 5.50 to 1.00

Senior Secured Leverage Ratio. Holdings and the Borrower The Borrowers will not permit let the Senior Secured Leverage Ratio as of the last day of a fiscal quarter at any date set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended . Date Ratio -------------------- ---- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 4.20:1.0 September 30, 2004 4.75 to 1.00 4.20:1.0 December 31, 2004 4.50 to 1.00 4.20:1.0 March 31, 2005 4.50 to 1.00 4.20:1.0 June 30, 2005 4.25 to 1.00 4.20:1.0 September 30, 2005 4.25 to 1.00 4.20:1.0 December 31, 2005 4.00 to 1.00 4.20:1.0 March 31, 2006 4.00 to 1.00 3.25:1.0 June 30, 2006 3.75 to 1.00 3.25:1.0 September 30, 2006 3.75 to 1.00 3.25:1.0 December 31, 2006 3.25 to 1.00 3.25:1.0 March 31, 2007 3.25 to 1.00 3.0:1.0 June 30, 2007 3.00 to 1.00 3.0:1.0 September 30, 2007 3.00 to 1.00 3.0:1.0 December 31, 2007 2.75 to 1.00 3.0:1.0 March 31, 2008 2.75 to 1.00 2.75:1.0 June 30, 2008 2.75 to 1.00 2.75:1.0 September 30, 2008 2.75 to 1.00 2.75:1.0 December 31, 2008 2.50 to 1.00 2.75:1.0 March 31, 2009 2.50 to 1.00 2.50:1.0 June 30, 2009 2.50 to 1.00 2.50:1.0 September 30, 2009 2.50 to 1.00 2.50:1.0 December 31, 2009 2.25 to 1.002.50:1.0 March 31, 2010 2.25:1.0 June 30, 2010 2.25:1.0 September 30, 2010 2.25:1.0 December 31, 2010 2.25:1.0 March 31, 2011 2.25:1.0 June 30, 2011 2.25:1.0 September 30, 2011 2.25:1.0