Common use of Total Debt to Consolidated Total Capitalization Clause in Contracts

Total Debt to Consolidated Total Capitalization. The Parent will not at any time permit the ratio of Total Debt to Consolidated Total Capitalization to exceed the ratio applicable to such time in the table set forth below: If such time is: The applicable ratio is: On or prior to March 30, 2002 0.59:1 From March 31, 2002 to June 29, 2002 0.585:1 From June 30, 2002 to September 29, 2002 0.58:1 From September 30, 2002 to December 30, 2002 0.575:1 From December 31, 2002 to June 29, 2003 0.60:1 From June 30, 2003 to December 30, 2003 0.585:1 From December 31, 2003 to June 29, 2004 0.56:1 From June 30, 2004 to December 30, 2004 0.535:1 From December 31, 2004 to June 29, 2005 0.51:1 On June 30, 2005 and at any time thereafter 0.50:1"

Appears in 2 contracts

Samples: Note Agreement (Intertape Polymer Group Inc), Note Agreement (Intertape Polymer Group Inc)

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Total Debt to Consolidated Total Capitalization. The Parent will not at any time permit the ratio of Total Debt to Consolidated Total Capitalization to exceed the ratio applicable to such time in the table set forth below: If such time is: The applicable ratio is: On or prior to March 30, 2002 0.59:1 From March 31, 2002 to June 29, 2002 0.585:1 From June 30, 2002 to September 29, 2002 0.58:1 From September 30, 2002 to December 30, 2002 0.575:1 From December 31, 2002 to June 29, 2003 0.60:1 0.55:1 From June 30, 2003 to December 30, 2003 0.585:1 From 0.525:1 On December 31, 2003 to June 29, 2004 0.56:1 From June 30, 2004 to December 30, 2004 0.535:1 From December 31, 2004 to June 29, 2005 0.51:1 On June 30, 2005 and at any time thereafter 0.50:1"

Appears in 2 contracts

Samples: Note Agreement (Intertape Polymer Group Inc), Note Agreement (Intertape Polymer Group Inc)

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Total Debt to Consolidated Total Capitalization. The Parent will not at any time permit the ratio of Total Debt to Consolidated Total Capitalization to exceed the ratio applicable to such time in the table set forth below: If such time isIF SUCH TIME IS: The applicable ratio isTHE APPLICABLE RATIO IS: ---------------- ------------------------ On or prior to March 30, 2002 0.59:1 From March 31, 2002 to June 29, 2002 0.585:1 From June 30, 2002 to September 29, 2002 0.58:1 From September 30, 2002 to December 30, 2002 0.575:1 From December 31, 2002 to June 29, 2003 0.60:1 From June March 30, 2003 to December 30, 2003 0.585:1 0.57:1 From December March 31, 2003 to June 29, 2004 0.56:1 2003 0.565:1 From June 30, 2004 2003 to December September 29, 2003 0.56:1 On September 30, 2004 0.535:1 From December 31, 2004 to June 29, 2005 0.51:1 On June 30, 2005 2003 and at any time thereafter 0.50:1"0.55:1

Appears in 1 contract

Samples: Intertape Polymer Group Inc

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