Debt to Capitalization Ratio. Not permit the ratio of (a) Funded Debt to (b) the sum of Funded Debt plus Net Worth at any time to exceed the applicable percentage set forth below during any period set forth below: DEBT TO CAPITALIZATION PERIOD: PERCENTAGE ------ -------------- 9/30/98 through 12/31/98 60% 1/1/99 through 12/31/99 55% 1/1/00 and thereafter 50%.
Appears in 2 contracts
Samples: Credit Agreement (Synagro Technologies Inc), Credit Agreement (Synagro Technologies Inc)
Debt to Capitalization Ratio. Not permit the ratio of (a) Funded Debt to (b) the sum of Funded Debt plus Net Worth at any time to exceed the applicable percentage set forth below during any period set forth below: DEBT TO CAPITALIZATION PERIOD: PERCENTAGE ------ ------- -------------- 9/30/98 Closing Date through 12/31/98 6012/31/00 75% 1/1/99 1/01/01 through 12/31/99 5512/31/01 70% 1/1/00 1/01/02 and thereafter 5065%.
Appears in 1 contract
Samples: Senior Subordinated Loan Agreement (Synagro Technologies Inc)
Debt to Capitalization Ratio. Not permit the ratio of (a) Funded Debt to (b) the sum of Funded Debt plus Net Worth at any time to exceed the applicable percentage set forth below during any period set forth below: DEBT TO CAPITALIZATION PERIOD: PERCENTAGE ------ ------- -------------- 9/30/98 Effective Date through 12/31/98 603/31/01 70% 1/1/99 4/01/01 through 12/31/99 5512/31/01 65% 1/1/00 1/01/02 and thereafter 5060%.
Appears in 1 contract
Debt to Capitalization Ratio. Not permit the ratio of (a) ---------------------------- Funded Debt to (b) the sum of Funded Debt plus Net Worth at any time to exceed the applicable percentage set forth below during any period set forth below: DEBT TO CAPITALIZATION PERIODDebt to Capitalization Period: PERCENTAGE Percentage ------ -------------- 9/30/98 --------------- Closing Date through 12/31/98 6012/31/00 75% 1/1/99 1/01/01 through 12/31/99 5512/31/01 70% 1/1/00 1/01/02 and thereafter 5065%.
Appears in 1 contract
Samples: Senior Subordinated Loan Agreement (GTCR Golder Rauner LLC)
Debt to Capitalization Ratio. Not permit the ratio of (a) Funded Debt to (b) the sum of Funded Debt plus Net Worth at any time to exceed the applicable percentage set forth below during any period set forth below: DEBT TO CAPITALIZATION PERIOD: PERCENTAGE ------ -------------- 9/30/98 ------- ---------- Closing Date through 12/31/98 6012/31/00 75% 1/1/99 1/01/01 through 12/31/99 5512/31/01 70% 1/1/00 1/01/02 and thereafter 5065%.
Appears in 1 contract
Samples: Subordinated Loan Agreement (Synagro Technologies Inc)
Debt to Capitalization Ratio. Not permit the ratio of (a) ---------------------------- Funded Debt to (b) the sum of Funded Debt plus Net Worth at any time to exceed the applicable percentage set forth below during any period set forth below: DEBT TO CAPITALIZATION PERIODDebt to Capitalization Period: PERCENTAGE Percentage ------ -------------- 9/30/98 Closing Date through 12/31/98 6012/31/00 75% 1/1/99 1/01/01 through 12/31/99 5512/31/01 70% 1/1/00 1/01/02 and thereafter 5065%.
Appears in 1 contract
Samples: Senior Subordinated Loan Agreement (GTCR Golder Rauner LLC)
Debt to Capitalization Ratio. Not permit the ratio of (a) Funded Debt to (b) the sum of Funded Debt plus Consolidated Net Worth at any time to exceed the applicable percentage set forth below during any period set forth below: DEBT TO CAPITALIZATION PERIOD: PERCENTAGE ------ -------------- 9/30/98 ------- ---------- Effective Date through 12/31/98 3/30/99 65% 3/31/99 through 3/30/00 60% 1/1/99 through 12/31/99 55% 1/1/00 3/31/00 and thereafter 5055%.
Appears in 1 contract
Debt to Capitalization Ratio. Not permit the ratio of (a) Funded Debt to (b) the sum of Funded Debt plus Net Worth at any time to exceed the applicable percentage set forth below during any period set forth below: DEBT TO CAPITALIZATION PERIOD: PERCENTAGE ------ -------------- 9/30/98 ------- ---------- Effective Date through 12/31/98 6012/31/00 70% 1/1/99 1/01/01 through 12/31/99 5512/31/01 65% 1/1/00 1/01/02 and thereafter 5060%.
Appears in 1 contract
