Common use of Debt to Adjusted EBITDA Ratio Clause in Contracts

Debt to Adjusted EBITDA Ratio. Permit the Debt to Adjusted EBITDA Ratio on the last day of any fiscal quarter of the Borrower set forth below to be in excess of the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending First Lien Ratio --------------------- ---------------- June 30, 2005 4.75 to 1.00 September 30, 2005 4.75 to 1.00 December 31, 2005 4.75 to 1.00 March 31, 2006 4.50 to 1.00 June 30, 2006 4.50 to 1.00 September 30, 2006 4.50 to 1.00 December 31, 2006 4.50 to 1.00 March 31, 2007 4.25 to 1.00 June 30, 2007 4.25 to 1.00 September 30, 2007 4.00 to 1.00 December 31, 2007 4.00 to 1.00 March 31, 2008 3.50 to 1.00 June 30, 2008 3.50 to 1.00 September 30, 2008 3.50 to 1.00 December 31, 2008 3.50 to 1.00 March 31, 2009 and 3.25 to 1.00 thereafter

Appears in 1 contract

Sources: Second Lien Credit Agreement (Skyterra Communications Inc)

Debt to Adjusted EBITDA Ratio. Permit the Debt to Adjusted EBITDA Ratio on the last day of any fiscal quarter of the Borrower set forth below to be in excess of the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending First Lien Ratio --------------------- ---------------- June 30, 2005 4.75 4.50 to 1.00 September 30, 2005 4.75 4.50 to 1.00 December 31, 2005 4.75 4.50 to 1.00 March 31, 2006 4.50 4.25 to 1.00 June 30, 2006 4.50 4.25 to 1.00 September 30, 2006 4.50 4.25 to 1.00 December 31, 2006 4.50 4.25 to 1.00 March 31, 2007 4.25 4.00 to 1.00 June 30, 2007 4.25 4.00 to 1.00 September 30, 2007 4.00 3.75 to 1.00 December 31, 2007 4.00 3.75 to 1.00 March 31, 2008 3.50 3.25 to 1.00 June 30, 2008 3.50 3.25 to 1.00 September 30, 2008 3.50 3.25 to 1.00 December 31, 2008 3.50 3.25 to 1.00 March 31, 2009 and 3.25 thereafter 3.00 to 1.00 thereafter1.00

Appears in 1 contract

Sources: Credit Agreement (Skyterra Communications Inc)

Debt to Adjusted EBITDA Ratio. Permit the Debt to Adjusted EBITDA Ratio on the last day of any fiscal quarter of the Borrower set forth below to be in excess of the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending First Lien Ratio --------------------- ---------------- June 30, 2005 4.75 4.50 to 1.00 September 30, 2005 4.75 4.50 to 1.00 December 31, 2005 4.75 4.50 to 1.00 March 31, 2006 4.50 4.25 to 1.00 June 30, 2006 4.50 4.25 to 1.00 September 30, 2006 4.50 4.25 to 1.00 December 31, 2006 4.50 4.25 to 1.00 March 31, 2007 4.25 4.00 to 1.00 June 30, 2007 4.25 4.00 to 1.00 September 30, 2007 4.00 3.75 to 1.00 December 31, 2007 4.00 3.75 to 1.00 March 31, 2008 3.50 3.25 to 1.00 June 30, 2008 3.50 3.25 to 1.00 September 30, 2008 3.50 3.25 to 1.00 December 31, 2008 3.50 3.25 to 1.00 March 31, 2009 and 3.25 thereafter 3.00 to 1.00 thereafter1.00

Appears in 1 contract

Sources: Credit Agreement (Hughes Communications, Inc.)

Debt to Adjusted EBITDA Ratio. Permit the Debt to Adjusted EBITDA Ratio on the last day of any fiscal quarter of the Borrower set forth below to be in excess of the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending First Lien Ratio --------------------- ---------------- June 30, 2005 4.75 to 1.00 September 30, 2005 4.75 to 1.00 December 31, 2005 4.75 to 1.00 March 31, 2006 4.50 to 1.00 June 30, 2006 4.50 to 1.00 September 30, 2006 4.50 to 1.00 December 31, 2006 4.50 to 1.00 March 31, 2007 4.25 to 1.00 June 30, 2007 4.25 to 1.00 September 30, 2007 4.00 to 1.00 December 31, 2007 4.00 to 1.00 March 31, 2008 3.50 to 1.00 June 30, 2008 3.50 to 1.00 September 30, 2008 3.50 to 1.00 December 31, 2008 3.50 to 1.00 March 31, 2009 and thereafter 3.25 to 1.00 thereafter1.00

Appears in 1 contract

Sources: Second Lien Credit Agreement (Hughes Communications, Inc.)