Total Borrower Leverage Ratio. As of the end of each fiscal quarter, the Borrower shall not permit the ratio of (a) Total Debt on such calculation date to (b) Adjusted EBITDA, as of the last day of such fiscal quarter to be greater than 6.00 to 1.00; provided that in lieu of the foregoing, for any such date occurring after a Qualified Acquisition (as defined below) and on or prior to the last day of the fourth full fiscal quarter of the Borrower after the consummation of such Qualified Acquisition, the Borrower will not permit such ratio as of such date to exceed 7.00 to 1.00.
Total Borrower Leverage Ratio. (a) As of the end of each fiscal quarter and (b) at the time of the incurrence of any Indebtedness, the Borrower shall not permit the ratio of (i) Total Debt on such calculation date to (ii) Adjusted EBITDA, as of the last day of such fiscal quarter, in the case of clause (a) hereof, or as of the most recently completed fiscal quarter preceding the calculation date for which financial statements have been delivered pursuant to Section 6.1 or 6.2 hereof, in the case of clause (b) hereof, to be greater than 6.00 to 1.00.
Total Borrower Leverage Ratio. As of the end of each fiscal quarter ending on or after the initial Closing Date, the Borrower shall not permit the ratio of (a) Total Debt on such calculation date to (b) Adjusted EBITDA, as of the last day of such fiscal quarter to be greater than (i) 7.50 to 1.00 and (ii) after the fourth full fiscal quarter of the Borrower following the consummation of the initial Specified Acquisition, 6.00 to 1.00; provided that in lieu of clause (ii) of the foregoing, for any such date following the initial Closing Date occurring after a Qualified Acquisition (as defined below) and on or prior to the last day of the fourth full fiscal quarter of the Borrower after the consummation of such Qualified Acquisition, the Borrower will not permit such ratio as of such date to exceed 7.00 to 1.00.
Total Borrower Leverage Ratio. Borrower shall not permit the Total Borrower Leverage Ratio as of the last day of any Fiscal Quarter during Stage 2 to exceed the correlative ratio indicated as set forth on Schedule 6.7(a).
Total Borrower Leverage Ratio. (a) As of the end of each fiscal quarter and (b) at the time of the incurrence of any Indebtedness, the Borrower shall not permit the ratio of (i) Total Debt as of the last day of such fiscal quarter or on any other calculation date, as applicable, to (ii) (A) for the period from the Agreement Date through December 31, 2005, Adjusted EBITDA for the fiscal quarter period then ended, in the case of clause (a) hereof, or for the most recently completed fiscal quarter period preceding the calculation date for which financial statements have been delivered pursuant to Section 6.1 or 6.2 hereof, in the case of clause (b) hereof, multiplied by four (4); (B) for the period from January 1, 2006 through March 31, 2006, Adjusted EBITDA for the two fiscal quarter period then ended, in the case of clause (a) hereof, or for the most recently completed two fiscal quarter period preceding the calculation date for which financial statements have been delivered pursuant to Section 6.1 or 6.2 hereof, in the case of clause (b) hereof, multiplied by two (2); (C) for the period from April 1, 2006 through June 30, 2006, Adjusted EBITDA for the three fiscal quarter period then ended, in the case of clause (a) hereof, or for the most recently completed three fiscal quarter period preceding the calculation date for which financial statements have been delivered pursuant to Section 6.1 or 6.2 hereof, in the case of clause (b) hereof, multiplied by four-thirds (1.333); and (D) on and after July 1, 2006, Adjusted EBITDA for the four fiscal quarter period then ended, in the case of clause (a) hereof, or for the most recently completed four fiscal quarter period preceding the calculation date for which financial statements have been delivered pursuant to Section 6.1 or 6.2 hereof, in the case of clause (b) hereof, to be greater than 5.50 to 1.00.
Total Borrower Leverage Ratio. (a) As of the end of any calendar quarter, (b) at the time of any Advance hereunder (after giving effect to such Advance) and (c) at the time of the issuance of any Letter of Credit (after giving effect to such Letter of Credit), the Borrowers shall not permit the Total Borrower Leverage Ratio to exceed the ratios set forth below during the periods indicated: Agreement Date through June 30, 2005 5.50 to 1.00 July 1, 2005 through December 31, 2005 5.25 to 1.00 January 1, 2006 through March 31, 2006 5.00 to 1.00 April 1, 2006 through June 30, 2006 4.75 to 1.00 July 1, 2006 through December 31, 2006 4.50 to 1.00 January 1, 2007 and thereafter 4.00 to 1.00 Notwithstanding the foregoing, at all times after the date on which the Borrower delivers financial statements pursuant to Section 6.1 or 6.2 hereof showing that the Senior Leverage Ratio of the Borrowers is equal to the Total Borrower Leverage Ratio of the Borrowers, the Borrowers shall not permit the Total Borrower Leverage Ratio to exceed 4.00 to 1.00.
Total Borrower Leverage Ratio. As of the end of each fiscal quarter, the Borrower shall not permit the ratio of (a) Total Debt on such calculation date to (b) Adjusted EBITDA, as of the last day of such fiscal quarter to be greater than (i) from the Agreement Date to September 30, 2014, 6.50 to 1.00 and (ii) thereafter, 6.00 to 1.00.
