Consolidated Total Debt to EBITDA. The Company shall not permit the ratio of Consolidated Total Debt as of the end of any Fiscal Quarter of the Company to the sum of EBITDA for the Fiscal Quarter then ending and the preceding seven Fiscal Quarters (divided by two), to be greater than the ratio set forth opposite the relevant Fiscal Quarter in the following table: Fourth Fiscal Quarter Fiscal Year 2002 3.75 to 1.00 First Fiscal Quarter Fiscal Year 2003 3.50 to 1.00 Second Fiscal Quarter Fiscal Year 2003 3.50 to 1.00 Third Fiscal Quarter Fiscal Year 2003 3.50 to 1.00 Fourth Fiscal Quarter Fiscal Year 2003 3.75 to 1.00 First Fiscal Quarter Fiscal Year 2004 4.00 to 1.00 Second Fiscal Quarter Fiscal Year 2004 4.00 to 1.00 Third Fiscal Quarter Fiscal Year 2004 4.00 to 1.00 Fourth Fiscal Quarter Fiscal Year 2004 4.00 to 1.00 First Fiscal Quarter Fiscal Year 2005 3.75 to 1.00 Second Fiscal Quarter Fiscal Year 2005 3.75 to 1.00 Third Fiscal Quarter Fiscal Year 2005 3.75 to 1.00 Thereafter 3.50 to 1.00
Appears in 2 contracts
Sources: Note Agreement (Gold Kist Inc), Note Agreement (Gold Kist Inc)