Senior Debt Ratio. The Borrower will not permit the Senior Debt Ratio to exceed the following respective ratios at any time during the following respective periods: Period Ratio From the date hereof through February 28, 2007 4.75 to 1 From March 1, 2007 through February 29, 2008 3.75 to 1 From March 1, 2008 and all times thereafter 3.00 to 1
Senior Debt Ratio. (A) Commencing on the last day of the fiscal quarter ending December 31, 2003 and, measured on the last day of each fiscal quarter thereafter until the Termination Date, the Senior Debt Ratio shall not exceed 4.0x. On the date that any Senior Debt permitted hereunder is Incurred, the Senior Debt Ratio shall not exceed 4.0x. Whenever the Senior Debt Ratio is computed for any purpose under this Agreement, if the computation is being made with respect to a period that ends (1) on the last day of a fiscal quarter, then the Senior Debt and EBITDA, for purposes of such computation, shall be the Senior Debt and EBITDA for the twelve-month period ended on such last day of such fiscal quarter, or (2) on a day other than the last day of a fiscal quarter, then the Senior Debt and EBITDA, for purposes of such computation, shall be the Senior Debt and EBITDA for the most recently completed twelve-month period.
Senior Debt Ratio. The Companies shall not suffer or permit at any time the ratio of Total Senior Funded Indebtedness to Consolidated Pro-Forma EBITDA, based upon the financial statements of the Companies for the most recently completed four (4) fiscal quarters, to be greater than: (i) 3.50 to 1.00 on July 1, 2001 through September 30, 2002 and (ii) 3.25 to 1.00 on October 1, 2002 and thereafter.
Senior Debt Ratio. Commencing on the last day of the fiscal quarter ending September 30, 2005 and, measured on the last day of each fiscal quarter thereafter until the Termination Date, the Senior Debt Ratio shall not exceed the following: Period Ratio September 30, 2005 3.55 December 31, 2005 3.79 March 31, 2006 3.88 June 30, 2006 4.26 September 30, 2006 4.20 December 31, 2006 3.51 March 31, 2007 3.65 June 30, 2007 3.37 September 30, 2007 3.15 December 31, 2007 3.00 March 31, 2008 2.87 June 30, 2008 2.83 September 30, 2008 2.82 December 31, 2008 2.84 March 31, 2009 2.85 June 30, 2009 2.85
Senior Debt Ratio. It will not permit the Senior Debt Ratio at any time from
Senior Debt Ratio. Permit the Senior Debt Ratio as of the end of any fiscal quarter, beginning with the fiscal quarter ending on December 31, 1996, to be in excess of 2.00 to 1.00.
Senior Debt Ratio. The Borrower will not permit the Senior Debt Ratio to exceed the following respective ratios at any time during the following respective periods: Period Ratio From the date hereof through November 30, 2005 4.50 to 1 From December 1, 2005 through November 30, 2006 3.50 to 1 From December 1, 2006 and at all times thereafter 3.00 to 1
Senior Debt Ratio. The Borrower covenants and agrees that it will not allow the ratio of (i) Senior Debt to (ii) EBITDA, in each case for the four consecutive fiscal quarters immediately preceding the date of determination, to be greater than 3.0 to 1 at the end of any fiscal quarter. For purposes of this Section 5.11, with respect to assets not owned at all times during the four consecutive quarters immediately preceding the date of determination of EBITDA, there shall be (i) included in EBITDA (without duplication) the EBITDA of any assets acquired during any such four consecutive fiscal quarters immediately preceding the date of determination and (ii) excluded from EBITDA the EBITDA of any asset disposed of during any such four consecutive fiscal quarters immediately preceding the date of determination.
Senior Debt Ratio. Permit the Senior Debt Ratio of the Issuer and its Subsidiaries during any period to be greater than the amount specified for such period in Schedule 7.03(f) to the Securities Purchase Agreement.
Senior Debt Ratio. The Company will not permit the Senior Debt Ratio at any time to exceed 3.25 to 1.
