Debt to Adjusted EBITDA Ratio. The Company will not permit the Debt to Adjusted EBITDA Ratio, as of the end of any fiscal quarter, to be greater than 3.50 to 1.00; provided that, upon notice by the Obligors to the holders of Notes, as of the last day of each of the four consecutive fiscal quarters immediately following a Qualified Acquisition, such ratio may be greater than 3.50 to 1.00, but in no event greater than 4.00 to 1.00, if the Company pays the additional interest provided for in Section 1.2.
Debt to Adjusted EBITDA Ratio. Permit the Debt to Adjusted EBITDA Ratio on the last day of any fiscal quarter of the Borrower set forth below to be in excess of the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Debt to Adjusted EBITDA Ratio June 30, 2005 4.50 to 1.00 September 30, 2005 4.50 to 1.00 December 31, 2005 4.50 to 1.00 March 31, 2006 4.25 to 1.00 June 30, 2006 4.25 to 1.00 September 30, 2006 4.25 to 1.00 December 31, 2006 4.25 to 1.00 March 31, 2007 4.00 to 1.00 June 30, 2007 4.00 to 1.00 September 30, 2007 3.75 to 1.00 December 31, 2007 3.75 to 1.00 March 31, 2008 3.25 to 1.00 June 30, 2008 3.25 to 1.00 September 30, 2008 3.25 to 1.00 December 31, 2008 3.25 to 1.00 March 31, 2009 and thereafter 3.00 to 1.00
Debt to Adjusted EBITDA Ratio. The Company will not ----------------------------- permit the Debt to Adjusted EBITDA Ratio to exceed the following ratios at any time during the following respective periods: Period Ratio ------ ----- From the Restatement Date through December 30, 2002 5.00 to 1 From December 31, 2002 up to the Applicable Date 5.00 to 1 From the Applicable Date through June 29, 2003 4.00 to 1 From June 30, 2003 through September 29, 2003 4.00 to 1 From September 30, 2003 through December 30, 2003 3.75 to 1 From December 31, 2003 through March 30, 2004 3.50 to 1 From March 31, 2004 and at all times thereafter 3.25 to 1" Amendment No. 2
Debt to Adjusted EBITDA Ratio. The Obligors shall not permit the Debt to Adjusted EBITDA Ratio as of the end of any Fiscal Quarter to exceed the ratio set forth below opposite the Fiscal Year in which such Fiscal Quarter occurs. Fiscal Year Applicable Debt to Adjusted EBITDA Ratio 2009 6.9 to 1.0 2010 5.5 to 1.0 2011 5.0 to 1.0 2012 4.0 to 1.0
Debt to Adjusted EBITDA Ratio. Permit the ratio of (a) Debt to (b) Adjusted EBITDA for the preceding four fiscal quarters to be more than (i) as of the close of the fiscal quarter ending March 31, 2002, 4.25 to 1.0; (ii) as of the close of the fiscal quarter ending June 30, 2002, 4.50 to 1.0; (iii) as of the close of the fiscal quarter ending September 30, 2002, 4.50 to 1.0; and (iv) as of the close of the fiscal quarter ending December 31, 2002 and each fiscal quarter thereafter, 3.50 to 1.0."
Debt to Adjusted EBITDA Ratio. The Company will not permit the Debt to Adjusted EBITDA Ratio, as of the end of any fiscal quarter, to be greater than 3.50 to 1.00; provided that, upon notice by the Obligors 12660262v2 to the holders of Notes, as of the last day of the fiscal quarter in which a Qualified Acquisition is consummated and the last day of each of the four consecutive fiscal quarters ending immediately after such initial fiscal quarter in which such Qualified Acquisition was consummated, such ratio may be greater than 3.50 to 1.00, but in no event greater than 4.00 to 1.00 (any such period, a “Temporary Increase Period”); provided further, that no Temporary Increase Period shall be available during the two (2) consecutive fiscal quarters occurring immediately after any Temporary Increase Period shall have concluded. If the Debt to Adjusted EBITDA Ratio exceeds 3.50 to 1.00 as permitted pursuant to the first proviso in the foregoing sentence, the Company shall pay the additional interest provided for in Section 1.2.
Debt to Adjusted EBITDA Ratio. As of the last day of each fiscal quarter of the Borrower, the Borrower shall not permit the ratio of (i) the consolidated Debt of the Borrower as of end of the fiscal quarter then ended to (ii) the consolidated Adjusted EBITDA of the Borrower for the preceding four fiscal quarters then ended (plus, without duplication, the consolidated Adjusted EBITDA for such period of any Person or assets acquired by the Borrower by Acquisition during such period to the extent permitted or required below), to be greater than 3.00 to 1.00. The addition of any historical EBITDA of any Person or assets acquired by the Borrower by Acquisition shall be governed by the following rules:
Debt to Adjusted EBITDA Ratio. Permit, as of the close of any fiscal quarter the ratio of (a) Debt to (b) Adjusted EBITDA for the preceding four fiscal quarters to be more than 3.5 to 1.0.
Debt to Adjusted EBITDA Ratio. Except as provided below, as of the last day of each period set forth below, the Borrower shall not permit the ratio of (i) the consolidated Debt of the Borrower as of end of such period to (ii) the consolidated Adjusted EBITDA of the Borrower for the 12 months then ended (plus, without duplication, the consolidated Adjusted EBITDA for such period of any Person or assets acquired by the Borrower by Acquisition during such period to the extent permitted or required below), to be greater than the amounts set forth in the table below for the corresponding periods set forth below: PERIOD MAXIMUM RATIO ----------------- ------------- March 31, 2000 4.00 to 1.00 April 30, 2000 3.75 to 1.00 June 30, 2000 3.25 to 1.00 December 31, 2000 and the last day of each fiscal quarter thereafter 3.00 to 1.00 At any time after the Borrowing Base Termination Condition has been met, the maximum ratio shall be 3.00 to 1.00;
Debt to Adjusted EBITDA Ratio. Section 6.03(a) of the ----------------------------- Credit Agreement is hereby amended to read in its entirety as follows:
