Total Consolidated Debt to EBITDA. Maintain as of the end of each --------------------------------- fiscal quarter of the Borrower a ratio of (i) Total Consolidated Debt (other than trade credit, accrued expenses and income taxes payable) to (ii) EBITDA for the most recently completed four fiscal quarters of the Borrower of not more than the following: 2.00:1.00 during the period from the date of this Agreement to and including December 31, 1999; and 1.50:1.00 from January 1, 2000 and at all times thereafter.
Total Consolidated Debt to EBITDA is deleted in its ---------------------------------- entirety and the following is substituted therefore:
Total Consolidated Debt to EBITDA. Maintain as of the end of --------------------------------- each fiscal quarter of the Borrower a ratio of (i) Total Consolidated Debt (other than trade credit, accrued expenses and income taxes payable) to (ii) EBITDA for the most recently completed four fiscal quarters of the Borrower of not more than the following: 2.00:1.00 during the period from the date of this Agreement to and including December 31, 1999; 1.50:1.00 during the period from January 1, 2000 to and including March 31, 2000; 1.75:1.00 during the period from June 30, 2000 to and including December 31, 2000; and 1.50:1.00 during the period from January 1, 2001 and at all times thereafter."
