CONSOLIDATED EBITDA TO CONSOLIDATED TOTAL INTEREST EXPENSE. The Borrower will not permit, as at the end of any fiscal quarter, the ratio of (a) Consolidated EBITDA for the period of four consecutive fiscal quarters ending at such date, to (b) Consolidated Total Interest Expense for such period of four fiscal quarters, to be less than 1.75:1.0 from the period ending March 31, 2001 to December 31, 2003 and 1.9:1.0
CONSOLIDATED EBITDA TO CONSOLIDATED TOTAL INTEREST EXPENSE. TransTechnology will not permit the ratio of Consolidated EBITDA for any Reference Period ending on or before September 30, 1999, to Consolidated Total Interest Expense for such Reference Period to be less than 3.25:1, and will not permit the ration of Consolidated EBITDA for any Reference Period ending after September 30, 1999, to Consolidated Total Interest Expense for such Reference Period to be less than 3.50:1.
CONSOLIDATED EBITDA TO CONSOLIDATED TOTAL INTEREST EXPENSE. The Borrowers will not permit the ratio of (a) Consolidated EBITDA for each period consisting of four consecutive fiscal quarters of the Borrowers ending on a date set forth in the table below, commencing with the four quarter period ending March 31, 1998, to (6) Consolidated Total Interest Expense for such period, to be less than the amount set forth opposite the relevant date in the table below: -------------------------------------------------------------------------------- Period Ratio ------ ----- -------------------------------------------------------------------------------- 3/31/98 1.75:1.00 -------------------------------------------------------------------------------- 6/30/98 and thereafter 1.80:1.00 --------------------------------------------------------------------------------
CONSOLIDATED EBITDA TO CONSOLIDATED TOTAL INTEREST EXPENSE. The Borrower will not permit the ratio of (a) Consolidated EBITDA for any period of four (4) consecutive fiscal quarters ending during any period described in the table set forth below to (b) Consolidated Total Interest Expense for such period to be less than the ratio set forth opposite the applicable period in such table: Period Ratio Closing Date through 2/27/01 2.00:1.00 2/28/01 and thereafter 2.50:1.00
CONSOLIDATED EBITDA TO CONSOLIDATED TOTAL INTEREST EXPENSE. Sec. 11.1 of the Credit Agreement is hereby amended by deleting the table set forth at the end of such Sec. 11.1 and substituting in lieu thereof the following table: "PERIOD RATIO From July 1, 2000 through 1.75 : 1 September 30, 2001 From October 1, 2001 through 2:00 : 1 September 30, 2002 From October 1, 2002 through 2.25 : 1 September 30, 2003 From October 1, 2003 and thereafter 2.50 : 1"
