Common use of Consolidated Total Debt Ratio Clause in Contracts

Consolidated Total Debt Ratio. The Consolidated Total Debt Ratio at each Calculation Date shall be no greater than (i) 3.25 to 1.0 on September 30, 2002, December 31, 2002, March 31, 2003; and (ii) 3.0 to 1.0 on June 30, 2003 and on each Calculation Date thereafter."

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

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Consolidated Total Debt Ratio. The Consolidated Total Debt Ratio at the Closing Date and at each Calculation Date thereafter shall be no greater than (i) 3.5 to 1.0 for the fiscal quarter ending March 31, 2003 and each Calculation Date through September 30, 2004; (ii) 3.25 to 1.0 on for each Calculation Date from December 31, 2004 through September 30, 2002, December 31, 2002, March 31, 20032005; and (iiiii) 3.0 to 1.0 on June 30, 2003 and on at each Calculation Date thereafter."

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

Consolidated Total Debt Ratio. The Consolidated Total Debt Ratio at each Calculation Date shall be no greater than (i) 3.25 4.0 to 1.0 on through and including September 30, 2002, December 31, 2002, March 31, 2003; 1999 and (ii) 3.0 3.75 to 1.0 on June 30, 2003 and on at each Calculation Date thereafter."

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

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Consolidated Total Debt Ratio. The Consolidated Total Debt Ratio at each Calculation Date shall be no greater than (i) 3.25 4.25 to 1.0 on March 31, 1999, June 30, 1999, and September 30, 2002, 1999; (ii) 4.0 to 1.0 on December 31, 20021999, March 31, 20032000, June 30, 2000 and September 30, 2000; and (iiiii) 3.0 3.75 to 1.0 on December 31, 2000, March 31, 2001, June 30, 2003 2001 and on September 30, 2001 and (iv) 3.5 to 1.0 at each Calculation Date thereafter."

Appears in 1 contract

Samples: Credit Agreement (Inex Corp)

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