Common use of Total Debt Clause in Contracts

Total Debt. The Company will not at any time permit Consolidated Total Debt to exceed any of the following: (i) (A) two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth prior to the effective date of the Second Amendment, and (B) two hundred percent (200%) of Consolidated Tangible Net Worth from the effective date of the Second Amendment until such time (but in no event prior to December 31, 1998) as the Company has maintained a ratio of (A) Consolidated Income Available for Fixed Charges for the four consecutive fiscal quarters of the Company most recently ended at such time to (B) Consolidated Fixed Charges for such period of not less than 2.25 to 1.0 for two consecutive fiscal quarters, then two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth, provided however, that for the purposes of this test, Consolidated Total Debt shall be calculated by including all Debt incurred by a Special Purpose Subsidiary, whether or not included therein under GAAP; (ii) Seventy-Five Percent (75%) of the sum of (A) Advances and (B) Leased Vehicles; and (iii) Sixty Percent (60%) of the sum of (A) Gross Current Installment Contract Receivables and (B) Gross Current Leased Vehicles.

Total Debt. The Company will not at any time permit Consolidated Total Debt to exceed any of the following: (i) (A) two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth prior to the effective date of the Second Amendment, and (B) two hundred percent (200%) of Consolidated Tangible Net Worth from the effective date of the Second Amendment until such time (but in no event prior to December 31, 1998) as the Company has maintained a ratio of (A) Consolidated Income Available for Fixed Charges for the four consecutive fiscal quarters of the Company most recently ended at such time to (B) Consolidated Fixed Charges for such period of not less than 2.25 to 1.0 for two consecutive fiscal quarters, then two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth, provided however, that for the purposes of this test, Consolidated Total Debt shall be calculated by including all Debt incurred by a Special Purpose Subsidiary, whether or not included therein under GAAP; (ii) Seventyeighty-Five Percent five percent (7585%) of the sum of (A) Advances and (B) Leased VehiclesAdvances; and (iii) Sixty Percent sixty percent (60%) of the sum of (A) Gross Current Installment Contract Receivables and (B) Gross Current Leased VehiclesReceivables.".

Total Debt. The Company will not at any time permit Consolidated Total Debt to exceed any of the following: (i) (A) two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth prior to the effective date of the Second Fourth Amendment, and (B) two hundred percent (200%) of Consolidated Tangible Net Worth from the effective date of the Second Fourth Amendment until such time (but in no event prior to December 31, 1998) as the Company has maintained a ratio of (A) Consolidated Income Available for Fixed Charges for the four consecutive fiscal quarters of the Company most recently ended at such time to (B) Consolidated Fixed Charges for such period of not less than 2.25 to 1.0 for two consecutive fiscal quarters, then two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth, provided however, that for the purposes of this test, Consolidated Total Debt shall be calculated by including all Debt incurred by a Special Purpose Subsidiary, whether or not included therein under GAAP; (ii) Seventyeighty-Five Percent five percent (7585%) of the sum of (A) Advances and (B) Leased VehiclesAdvances; and (iii) Sixty Percent sixty percent (60%) of the sum of (A) Gross Current Installment Contract Receivables and (B) Gross Current Leased VehiclesReceivables.".

Total Debt. The Company will not at any time permit Consolidated Total Debt to exceed any of the following: (i) (A) two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth prior to the effective date of the Second Fourth Amendment, and (B) two hundred percent (200%) of Consolidated Tangible Net Worth from the effective date of the Second Fourth Amendment until such time (but in no event prior to December 31, 1998) as the Company has maintained a ratio of (A) Consolidated Income Available for Fixed Charges for the four consecutive fiscal quarters of the Company most recently ended at such time to (B) Consolidated Fixed Charges for such period of not less than 2.25 to 1.0 for two consecutive fiscal quarters, then two hundred seventy-five percent (275%) of Consolidated Tangible Net Worth, provided however, that for the purposes of this test, Consolidated Total Debt shall be calculated by including all Debt incurred by a Special Purpose Subsidiary, whether or not included therein under GAAP; (ii) Seventy-Five Percent (75%) of the sum of (A) Advances and (B) Leased Vehicles; and (iii) Sixty Percent (60%) of the sum of (A) Gross Current Installment Contract Receivables and (B) Gross Current Leased Vehicles.