Debt to EBITDA. At the last day of any fiscal quarter set forth below, permit the ratio (the "Leverage Ratio") of Consolidated Funded Indebtedness as of such day to Consolidated EBITDA for the period of four fiscal quarters ending on such day to be greater than the ratio set forth below for such fiscal quarter; provided that, (x) with respect to any acquisition made during the respective four quarter period pursuant to, and as permitted by, subsection 9.6(g), the last four fiscal quarters of Consolidated EBITDA of the acquired company shall be added for the purposes of calculating this ratio and (y) the last four fiscal quarters of Consolidated EBITDA of each company, business or business segment sold during the respective four fiscal quarter period pursuant to one or more Asset Sales shall be subtracted for purposes of calculating this ratio: FISCAL YEAR FISCAL QUARTER RATIO 2003 Third 4.75 to 1.00 Fourth 4.75 to 1.00 2004 First 4.50 to 1.00 Second 4.50 to 1.00 Third 4.25 to 1.00 Fourth 4.25 to 1.00 2005 First 4.00 to 1.00 Second 4.00 to 1.00 Third 3.75 to 1.00 Fourth 3.50 to 1.00 2006 First 3.50 to 1.00 Second 3.50 to 1.00 Third 3.25 to 1.00 Fourth 3.00 to 1.00 2007 First 3.00 to 1.00 Second 3.00 to 1.00 Third 3.00 to 1.00 Fourth 3.00 to 1.00 2008 First 3.00 to 1.00 Second 3.00 to 1.00 Third 3.00 to 1.00 Fourth 3.00 to 1.00 2009 First 3.00 to 1.00 Second 3.00 to 1.00
Appears in 1 contract
Debt to EBITDA. At the last day of any fiscal quarter set forth below, permit the ratio (the "Leverage RatioLEVERAGE RATIO") of Consolidated Funded Indebtedness as of such day to Consolidated EBITDA for the period of four fiscal quarters ending on such day to be greater than the ratio set forth below for such fiscal quarter; provided PROVIDED that, (x) with respect to any acquisition made during the respective four quarter period pursuant to, and as permitted by, subsection 9.6(g), the last four fiscal quarters of Consolidated EBITDA (as may be adjusted for post acquisition cost savings reasonably agreed to by the Company and the Co-Arrangers) of the acquired company shall be added for the purposes of calculating this ratio and (y) the last four fiscal quarters of Consolidated EBITDA of each company, business or business segment group of assets sold during the respective four fiscal quarter period pursuant to one or more Asset Sales shall be subtracted for purposes of calculating this ratio: FISCAL YEAR FISCAL QUARTER RATIO 2003 Fiscal Year Fiscal Quarter Ratio ----------- -------------- ----- 1997 Fourth 6.75 to 1.00 -111- 118 1998 First 6.75 to 1.00 Second 6.75 to 1.00 Third 4.75 6.75 to 1.00 Fourth 6.75 to 1.00 1999 First 6.50 to 1.00 Second 6.50 to 1.00 Third 6.50 to 1.00 Fourth 6.50 to 1.00 2000 First 6.00 to 1.00 Second 6.00 to 1.00 Third 5.75 to 1.00 Fourth 5.75 to 1.00 2001 First 5.75 to 1.00 Second 5.50 to 1.00 Third 5.50 to 1.00 Fourth 5.25 to 1.00 2002 First 5.00 to 1.00 Second 5.00 to 1.00 Third 5.00 to 1.00 Fourth 4.75 to 1.00 2004 2003 First 4.50 4.75 to 1.00 Second 4.50 to 1.00 Third 4.25 4.50 to 1.00 Fourth 4.25 to 1.00 2005 2004 First 4.00 4.25 to 1.00 Second 4.00 to 1.00 Third 4.00 to 1.00 Fourth 3.75 to 1.00 Fourth 3.50 to 1.00 2006 2005 First 3.50 3.75 to 1.00 Second 3.50 to 1.00 Third 3.25 3.50 to 1.00 Fourth 3.00 3.50 to 1.00 2007 First 3.00 to 1.00 Second 3.00 to 1.00 Third 3.00 to 1.00 Fourth 3.00 to 1.00 2008 First 3.00 to 1.00 Second 3.00 to 1.00 Third 3.00 to 1.00 Fourth 3.00 to 1.00 2009 First 3.00 to 1.00 Second 3.00 to 1.00-112- 119
Appears in 1 contract
Debt to EBITDA. At the last day of any fiscal quarter set forth below, permit the ratio (the "Leverage Ratio") of Consolidated Funded Indebtedness as of such day to Consolidated EBITDA for the period of four fiscal quarters ending on such day to be greater than the ratio set forth below for such fiscal quarter; provided that, (x) with respect to any acquisition made during the respective four quarter period pursuant to, and as permitted by, by subsection 9.6(g8.6(g), the last four fiscal quarters of Consolidated EBITDA (as may be adjusted for post acquisition cost savings reasonably agreed to by the Company and the Administrative Agent) of the acquired company shall be added for the purposes of calculating this ratio and (y) the last four fiscal quarters of Consolidated EBITDA of each company, business or business segment sold during the respective four fiscal quarter period pursuant to one or more Asset Sales shall be subtracted for purposes of calculating this ratio: FISCAL YEAR FISCAL QUARTER RATIO 2003 Fiscal Year Fiscal Quarter Ratio 1997 Third 4.75 6.75 to 1.00 Fourth 4.75 6.75 to 1.00 1998 First 6.75 to 1.00 Second 6.75 to 1.00 Third 6.75 to 1.00 Fourth 6.50 to 1.00 1999 First 6.50 to 1.00 Second 6.50 to 1.00 Third 6.50 to 1.00 Fourth 6.00 to 1.00 2000 First 6.00 to 1.00 Second 6.00 to 1.00 Third 6.00 to 1.00 Fourth 5.75 to 1.00 2001 First 5.75 to 1.00 Second 5.75 to 1.00 Third 5.75 to 1.00 Fourth 5.50 to 1.00 2002 First 5.50 to 1.00 Second 5.50 to 1.00 Third 5.50 to 1.00 Fourth 5.25 to 1.00 2003 First 5.25 to 1.00 Second 5.25 to 1.00 Third 5.25 to 1.00 Fourth 5.00 to 1.00 2004 First 4.50 5.00 to 1.00 Second 4.50 5.00 to 1.00 Third 4.25 5.00 to 1.00 Fourth 4.25 5.00 to 1.00 2005 First 4.00 5.00 to 1.00 Second 4.00 to 1.00 Third 3.75 to 1.00 Fourth 3.50 to 1.00 2006 First 3.50 to 1.00 Second 3.50 to 1.00 Third 3.25 to 1.00 Fourth 3.00 to 1.00 2007 First 3.00 to 1.00 Second 3.00 to 1.00 Third 3.00 to 1.00 Fourth 3.00 to 1.00 2008 First 3.00 to 1.00 Second 3.00 to 1.00 Third 3.00 to 1.00 Fourth 3.00 to 1.00 2009 First 3.00 to 1.00 Second 3.00 5.00 to 1.00
Appears in 1 contract