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
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
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.)