After the Separation Clause Samples

After the Separation. Subsidiary Debt as of the last day of any fiscal quarter of the Company ending during any period set forth below will not exceed the percentage of Consolidated EBITDA for the four consecutive fiscal quarters of the Company ending on such date set forth below opposite such period; provided that in the case of any four fiscal quarter period ending prior to the first anniversary of the Separation, Consolidated EBITDA for such period shall equal Consolidated EBITDA for each fiscal quarter (a "Relevant Quarter") beginning after the Separation and ending on or prior to the last day of such period, multiplied by a fraction, the numerator of which is four and the denominator of which is the number of Relevant Quarters. Period Percentage Prior to December 31, 1999 150% December 31, 1999- December 30, 2000 140% December 31, 2000- December 30, 2001 130% On or after December 31, 2001 125%