Common use of Borrower Leverage Clause in Contracts

Borrower Leverage. At all times during each of the periods set forth below, maintain a ratio of Total Funded Debt to LTM EBITDA (for the most recently ended fiscal quarter) (the "Borrower Leverage Ratio"), of not more than the following: Period Maximum Ratio ------ ------------- Fourth Amendment Effective Date through December 31, 2004 2.50:1.00 January 1, 2005 through March 31, 2005 2.00:1.00 April 1, 2005 and thereafter 1.75:1.00 For purposes of this covenant LTM EBITDA shall each be determined on a pro forma basis after giving effect to all Acquisitions and Dispositions made by the Companies at any time during the applicable fiscal periods, in each case as if such Acquisitions and Dispositions had occurred at the beginning of such fiscal period and calculated in a manner reasonably satisfactory to the Agent.