Adjusted Leverage Ratio; Priority Debt Clause Samples

Adjusted Leverage Ratio; Priority Debt. The Company will not permit at any time: (a) the Adjusted Leverage Ratio, as of the last day of any Computation Period, to be greater than: (i) 3.25 to 1 for any Computation Period ending before July 3, 2005; 3.00 to 1 for the Computation Period ending on July 3, 2005; or 2.25 to 1 for any Computation Period ending on or after October 2, 2005; or (b) Priority Debt to exceed 15% of Consolidated Adjusted Net Worth."