Total Debt to Annualized EBITDA. Holdings and the Borrower ------------------------------- will not permit the ratio of (i) Total Debt outstanding on any day from and including (A) the last day of any fiscal quarter set forth below through (B) the day immediately preceding the last day of the immediately following fiscal quarter to (ii) Annualized EBITDA for the period ending on the date referred to in clause (i)(A) above to exceed the ratio set forth opposite such date: Fiscal Quarter Ending On Ratio --------- ----- December 31, 2001 19.0 to 1 March 31, 2002 17.0 to 1 June 30, 2002 14.0 to 1 September 30, 2002 11.0 to 1 December 31, 2002 8.0 to 1 June 30, 2003 6.0 to 1 December 31, 2003 and thereafter 4.5 to 1
Appears in 1 contract
Samples: Credit Agreement (Triton PCS Inc)
Total Debt to Annualized EBITDA. Holdings and the The Borrower ------------------------------- will not permit -------------------------------- the ratio of (i) Total Debt outstanding on any day from and including (A) the last day of any fiscal quarter set forth below through (B) the day immediately preceding the last day of the immediately following fiscal quarter to (ii) Annualized EBITDA for the period ending on the date referred to in clause (i)(A) above to exceed the ratio set forth opposite such date: Fiscal Quarter Ending On Ratio --------- -------------- ----- December 31, 2001 19.0 to 1 March 31, 2002 17.0 to 1 June 30, 2002 14.0 to 1 September 30, 2002 11.0 25.0 to 1 1.00 December 31, 2002 8.0 20.0 to 1 1.00 March 31, 2003 16.0 to 1.00 June 30, 2003 6.0 13.0 to 1 1.00 September 30, 2003 10.0 to 1.00 December 31, 2003 8.5 to 1.00 March 31, 2004 7.5 to 1.00 June 30, 2004 6.5 to 1.00 September 30, 2004 5.5 to 1.00 December 31, 2004 and thereafter 4.5 to 11.00
Appears in 1 contract
Samples: Credit Agreement (Telecorp PCS Inc)
Total Debt to Annualized EBITDA. Holdings and the Borrower will ------------------------------- will not permit the ratio of (i) Total Debt outstanding on any day from and including (Aa) the last day of any fiscal quarter set forth below through (B) the day immediately preceding the last day of the immediately following fiscal quarter to (ii) Annualized EBITDA for the period ending on the date referred to in clause (i)(Ai)(a) above to exceed the ratio set forth opposite such date: Fiscal Quarter Ending On Ratio --------- ----- December 31, 2001 19.0 to 1 ------------------------ -------------- March 31, 2002 17.0 19.0 to 1 June 30, 2002 14.0 17.0 to 1 September 30, 2002 11.0 14.0 to 1 December 31, 2002 11.0 to 1 March 31, 2003 8.0 to 1 June 30, 2003 8.0 to 1 September 30, 2003 6.0 to 1 December 31, 2003 6.0 to 1 March 31, 2004 6.0 to 1 June 30, 2004 6.0 to 1 September 30, 2004 and thereafter 4.5 to 1
Appears in 1 contract
Samples: Credit Agreement (Triton PCS Inc)
Total Debt to Annualized EBITDA. Holdings and the Borrower ------------------------------- will -------------------------------- not permit the ratio of (i) Total Debt outstanding on any day from and including (Aa) the last day of any fiscal quarter set forth below through (B) the day immediately preceding the last day of the immediately following fiscal quarter to (ii) Annualized EBITDA for the period ending on the date referred to in clause (i)(Ai)(a) above to exceed the ratio set forth opposite such date: Fiscal Quarter Ending On Ratio --------- ----- ------------------------ ------------ December 31, 2001 19.0 to 1 March 31, 2002 17.0 to 1 June 30, 2002 14.0 to 1 September 30, 2002 11.0 to 1 December 31, 2002 8.0 to 1 March 31, 2003 8.0 to 1 June 30, 2003 8.0 to 1 September 30, 2003 6.0 to 1 December 31, 2003 6.0 to 1 March 31, 2004 6.0 to 1 June 30, 2004 6.0 to 1 September 30, 2004 and thereafter 4.5 to 1
Appears in 1 contract
Total Debt to Annualized EBITDA. Holdings and the Borrower ------------------------------- will -------------------------------- not permit the ratio of (i) Total Debt outstanding on any day from and including (A) the last day of any fiscal quarter set forth below through (B) the day immediately preceding the last day of the immediately following fiscal quarter to (ii) Annualized EBITDA for the period ending on the date referred to in clause (i)(A) above to exceed the ratio set forth opposite such date: Fiscal Quarter Ending On Ratio --------- ----------- ----- December 31, 2001 19.0 to 1 March 31, 2002 17.0 to 1 June 30, 2002 14.0 to 1 September 30, 2002 11.0 to 1 December 31, 2002 8.0 to 1 March 31, 2003 8.0 to 1 June 30, 2003 8.0 to 1 September 30, 2003 6.0 to 1 December 31, 2003 6.0 to 1 March 31, 2004 6.0 to 1 June 30, 2004 6.0 to 1 September 30, 2004 and thereafter 4.5 to 1
Appears in 1 contract
Samples: Credit Agreement (Triton PCS Inc)