Funded Debt Ratio. The Borrower will not permit the Funded Debt Ratio as of the end of any fiscal quarter to be greater than 4.75 to 1.00; provided, however, that for a period of up to two consecutive fiscal quarters (an "Increased Funded Debt Period") within any twelve-month period commencing on the date hereof, the Funded Debt Ratio may exceed 4.75 to 1.00 but shall in no event exceed 5.00 to 1.00; provided, further, that no Increased Funded Debt Period shall occur sooner than two fiscal quarters following any other Increased Funded Debt Period.
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Samples: Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P)
Funded Debt Ratio. The Borrower will not permit the Funded Debt Ratio as of the end of any fiscal quarter to be greater than 4.75 to 1.00; provided, however, that for a period of up to two consecutive fiscal quarters (an "Increased Funded Debt PeriodINCREASED FUNDED DEBT PERIOD") within any twelve-month period commencing on the date hereof, the Funded Debt Ratio may exceed 4.75 to 1.00 but shall in no event exceed 5.00 to 1.00; provided, further, that no Increased Funded Debt Period shall occur sooner than two fiscal quarters following any other Increased Funded Debt Period.
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