Total Debt to Annualized EBITDA. The Borrower and the Operating Subsidiaries will not permit the ratio of (a) the Total Debt of the Borrower and its Consolidated Subsidiaries (exclusive of the Debt to the Trustee and the Noteholders under, and evidenced and governed by, the Subordinated Guarantees) outstanding at the end of any of the calendar quarters set forth on Schedule 10.2 to (b) Annualized EBITDA for the calendar quarter ending on such date, to exceed the ratio set forth opposite such date on such Schedule.
Total Debt to Annualized EBITDA. Permit the ratio of (i) Total Debt outstanding on any of the dates set forth below to (ii) Annualized EBITDA for the period ending on such date to exceed the ratio set forth opposite such date: -------------------------- ------------------------------ Date Ratio ------------------------- ------------------------------- 12/31/00 11.0 to 1 ------------------------- ------------------------------- 3/31/01 8.5 to 1 ------------------------- ------------------------------- 6/30/01 7.5 to 1 ------------------------- ------------------------------- 9/30/01 7.0 to 1 ------------------------- ------------------------------- 12/31/01 6.0 to 1 ------------------------- ------------------------------- The last day of each fiscal quarter end thereafter 5.0 to 1 ------------------------- -------------------------------
Total Debt to Annualized EBITDA. Holdings and the Borrower ------------------------------- will not permit the ratio of (i) Total Debt outstanding on any day from and including (A) the last day of any fiscal quarter set forth below through (B) the day immediately preceding the last day of the immediately following fiscal quarter to (ii) Annualized EBITDA for the period ending on the date referred to in clause (i)(A) above to exceed the ratio set forth opposite such date: Fiscal Quarter Ending On Ratio --------- ----- December 31, 2001 19.0 to 1 March 31, 2002 17.0 to 1 June 30, 2002 14.0 to 1 September 30, 2002 11.0 to 1 December 31, 2002 8.0 to 1 June 30, 2003 6.0 to 1 December 31, 2003 and thereafter 4.5 to 1
Total Debt to Annualized EBITDA. The Borrower will not permit the ratio of (i) Total Debt outstanding on any day from and including (A) the last day of any fiscal quarter set forth below through (B) the day immediately preceding the last day of the immediately following fiscal quarter to (ii) Annualized EBITDA for the period ending on the date referred to in clause (i)(A) above to exceed the ratio set forth opposite such date: ----------------------------------------------- Fiscal Quarter Ending On Ratio --------- ----- ----------------------------------------------- September 30, 2003 25.0 to 1.00 ----------------------------------------------- December 31, 2003 20.0 to 1.00 ----------------------------------------------- March 31, 2004 16.0 to 1.00 ----------------------------------------------- June 30, 2004 13.0 to 1.00 ----------------------------------------------- September 30, 2004 10.0 to 1.00 ----------------------------------------------- December 31, 2004 8.5 to 1.00 ----------------------------------------------- March 31, 2005 7.5 to 1.00 ----------------------------------------------- June 30, 2005 6.5 to 1.00 ----------------------------------------------- September 30, 2005 5.5 to 1.00 ----------------------------------------------- December 31, 2005 and thereafter 4.5 to 1.00 -----------------------------------------------
Total Debt to Annualized EBITDA. Permit the ratio of (i) Total Debt outstanding on any of the dates set forth below to (ii) Annualized EBITDA for the period ending on such date to exceed the ratio set forth opposite such date: ======================== ============================ Date Ratio ======================== ============================ 12/31/00 11.0 to 1 ======================== ============================ 3/31/01 8.5 to 1 ======================== ============================ 6/30/01 7.5 to 1 ======================== ============================ 9/30/01 7.0 to 1 ======================== ============================ 12/31/01 6.0 to 1 ======================== ============================ The last day of each fiscal quarter end thereafter 5.0 to 1 ======================== ============================
Total Debt to Annualized EBITDA. The Borrower will not permit the ratio of Total Debt to Annualized EBITDA (i) to be greater than 3.50 to 1.0, determined as of the end of each calendar quarter of the Borrower ending on or after December 31, 2008 and before June 30, 2009, and (ii) to be greater than 3.0 to 1.0, determined as of the end of each calendar quarter of the Borrower ending on or after June 30, 2009.
Total Debt to Annualized EBITDA. Borrower will not permit the ratio of Total Debt to Annualized EBITDA to be greater than the values indicated below for the fiscal quarters indicated below: Calendar Quarter ending: Total Debt to Annualized EBITDA June 30, 2010 6.25 September 30, 2010 6.00 December 31, 2010 5.5 March 31, 2011 5.25 June 30, 2011 4.75 September 30, 2011 4.5 December 31, 2011 4.5 March 31, 2012 4.25
Total Debt to Annualized EBITDA. The ratio of (i) Total Debt outstanding on the last day of any Fiscal Quarter set forth below to (ii) Annualized EBITDA for the period ending on such date shall not exceed the ratio set forth opposite such date: Fiscal Quarter Ratio of Total Debt to Ending On Annualized EBITDA 6/30/03 20.50:1.00 9/30/03 18.50:1.00 12/31/03 16.50:1.00 3/31/04 13.00:1.00 6/30/04 10.00:1.00 9/30/04 10.00:1.00 12/31/04 8.50:1.00 3/31/05 7.00:1.00 6/30/05 6.00:1.00 9/30/05 5.75:1.00 12/31/05 5.50:1.00 3/31/06 and thereafter 5.00:1.00
Total Debt to Annualized EBITDA. The Company will not permit the ratio of (i) Total Debt (other than Qualifying Shareholder Loans) outstanding on the last day of any Fiscal Quarter ending on any date set forth on Schedule 5, determined on a consolidated basis, to (ii) Annualized EBITDA at such date, determined on a consolidated basis, to be greater than the ratio set forth opposite such date in column C of Schedule 5.
Total Debt to Annualized EBITDA. The Borrower and NCH will not permit the ratio of (i) Total Debt of NCH and its Consolidated Subsidiaries outstanding at the end of any of the calendar quarters set forth on Schedule 9.16(f) to (ii) Annualized EBITDA of NCH and its Consolidated Subsidiaries for the calendar quarter ending on such date, to exceed the ratio set forth opposite such date on such Schedule.
