INDEBTEDNESS/CASH FLOW RATIO Sample Clauses

INDEBTEDNESS/CASH FLOW RATIO. Borrower shall maintain as of the end of each fiscal quarter of Borrower during the applicable periods set forth below a ratio of Indebtedness to Cash Flow (with Cash Flow calculated as follows: (a) in the case of the fiscal quarter ending October 31,1996, calculated for such fiscal quarter and then multiplied by four(4); (b) in the case of the fiscal quarter ending 31, 1997,calculated for the two fiscal quarter period then ending and then multiplied by two(2); (c) in the case of the fiscal quarter ending April 30, 1997,calculated for the three fiscal quarter period then ending and then multiplied by four-thirds (4/3);and (d) in the case of each subsequent fiscal quarter, for thefour fiscalquarter periodthen ending) ofnot greater than the ratio set forth below opposite the applicable period during which such quarter occurs: Applicable Period Ratio ----------------- ----- 08/01/96 - 10/31/96 6.00:1.00 11/01/96 - 01/31/97 5.50:1.00 02/01/97 - 04/30/97 5.00:1.00 05/01/97 - 07/31/97 5.00:1.00 08/01/97 - 10/31/97 5.00:1.00 11/01/97 - 01/31/98 4.50:1.00 02/01/98 - 04/30/98 4.00:1.00 05/01/98 - 07/31/98 3.50:1.00 08/01/98 - 10/31/98 3.50:1.00 11/01/98 - 01/31/99 3.00:1.00 Each quarter Thereafter 2.50:1.00
Sample 1
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Related to INDEBTEDNESS/CASH FLOW RATIO

  • Indebtedness and Cash Flow Covenants The Borrower on a consolidated basis with its Subsidiaries shall not permit:

  • Cash Flow Ratio To maintain on a consolidated basis a cash flow ratio of at least 1.35:1.00.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

  • Consolidated Senior Secured Leverage Ratio Permit the Consolidated Senior Secured Leverage Ratio as of the end of any Measurement Period to be greater than 3.50 to 1.00.

  • First Lien Leverage Ratio On the last day of any Test Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.15 shall not apply until the last day of the first full Fiscal Quarter ending after the Closing Date), the Borrowers shall not permit the First Lien Leverage Ratio to be greater than 7.75:1.00.

  • Funded Indebtedness 2 GAAP............................................................ 6

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

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