Common use of Consolidated Indebtedness to Consolidated EBITDA Clause in Contracts

Consolidated Indebtedness to Consolidated EBITDA. Permit the ratio of Consolidated Indebtedness to Consolidated EBITDA of Holdings for the four consecutive fiscal quarters of Holdings most recently ended ("Consolidated Indebtedness Ratio") to be greater than 4.0 to 1.0; provided that for purposes of calculating the numerator of the foregoing ratio, Consolidated Indebtedness of Holdings shall exclude seventy percent (70%) of the Indebtedness in respect of the TIDES Debentures.

Appears in 2 contracts

Samples: Hanover Compressor Co /, Hanover Compression Inc

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Consolidated Indebtedness to Consolidated EBITDA. Permit the ------------------------------------------------ ratio of Consolidated Indebtedness to Consolidated EBITDA of Holdings for the four consecutive fiscal quarters of Holdings most recently ended ("Consolidated ------------ Indebtedness Ratio") to be greater than 4.0 to 1.0; provided that for purposes ------------------ -------- of calculating the numerator of the foregoing ratio, Consolidated Indebtedness of Holdings shall exclude seventy percent (70%) of the Indebtedness in respect of the TIDES Debentures.

Appears in 1 contract

Samples: Credit Agreement (Hanover Compressor Co /)

Consolidated Indebtedness to Consolidated EBITDA. Permit the ------------------------------------------------ ratio of Consolidated Indebtedness to Consolidated EBITDA of Holdings for the four consecutive fiscal quarters of Holdings most recently ended ("Consolidated Indebtedness Ratio") to be greater than 4.0 to 1.0; provided ------------------------------- -------- that for purposes of calculating the numerator of the foregoing ratio, Consolidated Indebtedness of Holdings shall exclude seventy percent (70%) of the Indebtedness in respect of the TIDES Debentures.

Appears in 1 contract

Samples: Participation Agreement (Hanover Compressor Co /)

Consolidated Indebtedness to Consolidated EBITDA. Permit the ratio of Consolidated Indebtedness to Consolidated EBITDA of Holdings for the four consecutive fiscal quarters of Holdings most recently ended ("Consolidated Indebtedness Leverage Ratio") to be greater than 4.0 5.0 to 1.01.0 for the fiscal quarter ending June 30, 2002, 4.75 to 1.0 for the fiscal quarter ending September 30, 2002 and 4.5 to 1.0 thereafter; provided that for purposes of calculating the numerator of the foregoing ratio, Consolidated Indebtedness of Holdings shall exclude seventy percent (70%) of the Indebtedness in respect of the TIDES Debentures.

Appears in 1 contract

Samples: Hanover Compressor Co /

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Consolidated Indebtedness to Consolidated EBITDA. Permit the ratio of Consolidated Indebtedness to Consolidated EBITDA of Holdings for the four consecutive fiscal quarters of Holdings most recently ended ("Consolidated Indebtedness Ratio") to be greater than 4.0 to 1.0; provided that for purposes of calculating the numerator of the foregoing ratio, Consolidated Indebtedness of Holdings shall exclude seventy percent (70%) of the Indebtedness in respect of the TIDES Debentures.

Appears in 1 contract

Samples: Hanover Compressor Co /

Consolidated Indebtedness to Consolidated EBITDA. Permit the ratio of Consolidated Indebtedness to Consolidated EBITDA of Holdings for the four consecutive fiscal quarters of Holdings most recently ended ("Consolidated Indebtedness Leverage Ratio") to be greater than 4.0 4.5 to 1.0; provided that for purposes of calculating the numerator of the foregoing ratio, Consolidated Indebtedness of Holdings shall exclude seventy percent (70%) of the Indebtedness in respect of the TIDES Debentures.

Appears in 1 contract

Samples: Credit Agreement (Hanover Compressor Co /)

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