Cash Flow Leverage. As of the Settlement Date for such Advance (and in addition to any other requirements and covenants hereunder), Borrowers must be in compliance with the Leverage Ratio requirement under Section 4.1 hereof using an amount for Funded Debt that is as of such Settlement Date and inclusive of the proposed Advance.
Cash Flow Leverage. As of the Settlement Date for such Advance (and in addition to any other requirements and covenants hereunder), Borrowers must be in compliance with the Leverage Ratio requirement under Section 4.1 using an amount for Funded Debt that is as of such Settlement Date and inclusive of the proposed Advance.
Cash Flow Leverage. As of the Settlement Date for such Advance (and in addition to any other requirements and covenants hereunder), Borrowers must be in compliance with the Pro Forma Leverage Ratio requirement under Section 4.1 using an amount for Funded Debt that is as of such Settlement Date and inclusive of the proposed Advance, provided that the $10,000,000 held in the Escrow Account shall be excluded from such calculation while it is held in the Escrow Account.
Cash Flow Leverage. A. Adjusted Funded Debt
Cash Flow Leverage. The Companies, on a consolidated basis, shall maintain at all times specified below a ratio of (a) Funded Debt to (b) EBITDA PLUS Non-Recurring Expenses (the "Cash Flow Leverage Ratio") of not greater than (a) 9.00 to 1.00 for the period beginning with the date of this Agreement and continuing through and including Marcx 00, 0000, (x) 0.00 to 1.00 for the period beginning March 31, 2000 and continuing through and including April 29, 2000, (c) 10.25 to 1.00 for the period beginning April 30, 2000 and continuing through and including May 30, 2000, (d) 10.50 to 1.00 for the period beginning May 31, 2000 and continuing through and including June 29, 2000, (e) 10.00 to 1.00 for the period beginning June 30, 2000 and continuing through and including August 30, 2000, (f) 9.50 to 1.00 for the period beginning August 31, 2000 and continuing through and including September 29, 2000, (g) 9.00 to 1.00 for the period beginning September 30, 2000 and continuing through and including October 30, 2000, (h) 8.00 to 1.00 for the period beginning October 31, 2000 and continuing through and including November 29, 2000, (i) 6.50 to 1.00 for the period beginning November 30, 2000 and continuing through and including December 30, 2000, (j) 5.50 to 1.00 for the period beginning December 31, 2000 and continuing through and including January 30, 2001, (k) 4.75 to 1.00 for the period beginning January 31,2001 and continuing through and including June 29, 2001, and (l) 4.25 to 1.00 for the period beginning June 30, 2001 and continuing at all times thereafter. For the purposes of calculating the Cash Flow Leverage Ratio EBITDA and Non-Recurring Expenses shall be determined as of the last day of each month, beginning January 31, 2000, for the twelve month period ending on such date, and Funded Debt shall be determined as of the last day of such month. Provided, however, that if (x) as of the date of the Bank's notification to the Companies as contemplated in this sentence, no set of facts or circumstances exists that, upon the giving of notice, the lapse of time, or one or more of the foregoing, would constitute an Event of Default, and (y) the Bank, in its sole and absolute discretion, is satisfied with the results of its audits of each of the Companies that are conducted after the date of the First Amendment and prior to September 30, 2000, and has notified the Companies in writing of such determination and that the Cash Flow Leverage Ratio is to be henceforth determined on a quarter...
Cash Flow Leverage. The Parent shall maintain, at the end of each ------------------ fiscal quarter for the period of four consecutive fiscal quarters then ending, commencing with the four quarters ending February 2, 2002, a ratio of Consolidated Total Funded Debt to Consolidated EBITDA of not greater than 1.50 to 1.0; provided, however, that said maximum ratio shall be increased to 2.00 to -------- ------- 1.0 solely for the third quarter of fiscal year 2002 and to 1.75 to 1.0 solely for the third quarter of fiscal year 2003.
Cash Flow Leverage. Effective beginning on January 3, 2004, permit the ratio of average Funded Debt for the previous four quarters to EBITDA for the same period to be more than the following at the end of any fiscal quarter: Periods Ratio ------- ----- As of January 3, 2004, for the four quarters then ending, and as of the end of each of the following two quarters, for the four quarters then ending 3.0 to 1.0 As of October 2, 2004, for the four quarters then ending, and as of the end of each of the following three quarters, for the four quarters then ending 2.75 to 1.0 As of October 1, 2005, for the four quarters then ending, and as of the end of each of the quarters thereafter, for the four quarters then ending 2.5 to 1.0
Cash Flow Leverage. Section 8.19 of the Credit Agreement, which provided for the negative covenant pertaining to the Cash Flow Leverage Ratio, is hereby deleted in its entirety.
Cash Flow Leverage. Maintain, as of the close of each calendar quarter for the twelve-month period ending on such date, a ratio, on a consolidated basis for GNI and all Subsidiaries, of the sum of the Obligations and
Cash Flow Leverage. The Company shall not permit the ratio of (i) Consolidated Funded Indebtedness, to (ii) EBITDA for any Computation Period ending prior to a Spin-Off to exceed 3.5 to 1.0, and for any Computation Period ending after a Spin-Off, 3.0 to 1.0.
