Common use of Total Debt Leverage Ratio Clause in Contracts

Total Debt Leverage Ratio. The Total Debt Leverage Ratio, as of ------------------------- the last day of each fiscal quarter of the Consolidated Parties, shall be less than or equal to (i) 4.50 to 1.00 for each fiscal quarter ending on or after June 30, 1999 but prior to December 31, 1999 and (ii) 4.25 to 1.00 for each fiscal quarter ending on or after December 31, 1999.

Appears in 1 contract

Samples: Credit Agreement (National Equipment Services Inc)

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Total Debt Leverage Ratio. The Total Debt Leverage Ratio, as of ------------------------- the last day of each fiscal quarter of the Consolidated Parties, commencing with the fiscal quarter ending on June 30, 1998, shall be less than or equal to (i) 4.75 to 1.0 for each fiscal quarter ending prior to Xxxxx 00, 0000, (xx) 4.50 to 1.00 for each fiscal quarter ending on or after June 30March 31, 1999 but prior to December 31, 1999 and (iiiii) 4.25 to 1.00 for each fiscal quarter ending on or after December 31, 1999.

Appears in 1 contract

Samples: Credit Agreement (M & M Properties Inc)

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Total Debt Leverage Ratio. The Total Debt Leverage Ratio, as of ------------------------- the last day of each fiscal quarter of the Consolidated Parties, shall be less than or equal to (i) 4.50 4.25 to 1.00 for the fiscal quarters ending December 31, 2001, March 31, 2002 and June 30, 2002, (ii) 3.85 to 1.00 for the fiscal quarter ending September 30, 2002, and (iii) 3.50 to 1.00 for each fiscal quarter ending on or after June 30, 1999 but prior to December 31, 1999 and (ii) 4.25 to 1.00 for each fiscal quarter ending on or after December 31, 1999thereafter.

Appears in 1 contract

Samples: Credit Agreement (National Equipment Services Inc)

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