Common use of Total Debt Leverage Ratio Clause in Contracts

Total Debt Leverage Ratio. It will not permit the Total Debt Leverage Ratio at any time from (i) the Stage II Date to December 30, 2003 to exceed 12.00 to 1.00; (ii) December 31, 2003 to December 30, 2004 to exceed 7.00 to 1.00; (iii) December 31, 2004 to December 30, 2005 to exceed 5.00 to 1.00; and (iv) December 31, 2005 and thereafter to exceed 5.00 to 1.00.

Appears in 2 contracts

Samples: Credit Agreement (Gt Group Telecom Inc), Credit Agreement (Gt Group Telecom Inc)

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Total Debt Leverage Ratio. It will not Not permit the Total Debt Leverage Ratio at any time from: (i) the Stage II Date to December 30, 2003 to exceed 12.00 to 1.00; (ii) December 31, 2003 to December 30, 2004 to exceed 7.00 to 1.00; (iii) December 31, 2004 to December 30, 2005 to exceed 5.00 to 1.00; and (iv) December 31, 2005 and thereafter to exceed 5.00 to 1.00.;

Appears in 1 contract

Samples: Credit Agreement (Gt Group Telecom Inc)

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