Common use of Consolidated Total Debt Ratio Clause in Contracts

Consolidated Total Debt Ratio. Permit the Consolidated Total ----------------------------- Debt Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: Consolidated Fiscal Quarter Total Debt Ratio -------------- ---------------- December 31, 1998 8.20 to 1.00 March 31, 1999 10.40 to 1.00 June 30, 1999 9.00 to 1.00 September 30, 1999 8.00 to 1.00 December 31, 1999 6.25 to 1.00

Appears in 2 contracts

Samples: Second Amendment and Agreement (Nationwide Credit Inc), Second Amendment and Agreement (Nationwide Credit Inc)

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Consolidated Total Debt Ratio. Permit the Consolidated Total ----------------------------- Debt Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: Consolidated Fiscal Quarter Consolidated Total Debt Ratio -------------- ---------------- December 31, 1998 8.20 to 1.00 March 31, 1999 10.40 2000 8.75 to 1.00 June 30, 1999 9.00 2000 8.00 to 1.00 September 30, 1999 8.00 2000 7.15 to 1.00 December 31, 1999 6.25 2000 5.90 to 1.00 Thereafter 4.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Nationwide Credit Inc)

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Consolidated Total Debt Ratio. Permit the Consolidated Total ----------------------------- Debt Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998subsequent to the Closing Date) ending with any fiscal quarter set forth below below, as applicable, to exceed the ratio set forth below opposite such fiscal quarter: Consolidated Fiscal Quarter Total Debt Ratio -------------- ---------------- December 31, 1998 8.20 to 1.00 March 31, 1999 10.40 to 1.00 June 30, 1999 9.00 to 1.00 September 30, 1999 8.00 to 1.00 December 31, 1999 6.25 to 1.00:

Appears in 1 contract

Samples: Credit Agreement (Bedding Experts Inc)

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