Debt to Adjusted EBITDA Ratio. Permit the ratio of (a) Debt to (b) Adjusted EBITDA for the preceding four fiscal quarters to be more than (i) as of the close of the fiscal quarter ending March 31, 2002, 4.25 to 1.0; (ii) as of the close of the fiscal quarter ending June 30, 2002, 4.50 to 1.0; (iii) as of the close of the fiscal quarter ending September 30, 2002, 4.50 to 1.0; and (iv) as of the close of the fiscal quarter ending December 31, 2002 and each fiscal quarter thereafter, 3.50 to 1.0."
Appears in 1 contract
Sources: Credit Agreement (KCS Energy Inc)
Debt to Adjusted EBITDA Ratio. Permit the ratio of (a) Debt to (b) Adjusted EBITDA for the preceding four fiscal quarters to be more than (i) as of the close of the fiscal quarter ending March 31, 2002, 4.25 to 1.0; , and (ii) as of the close of the fiscal quarter ending June 30, 2002, 4.50 to 1.0; (iii) as of the close of the fiscal quarter ending September 30, 2002, 4.50 to 1.0; and (iv) as of the close of the fiscal quarter ending December 31, 2002 and each fiscal quarter thereafter, 3.50 5.25 to 1.0."
(c) The following Sections 6.22 and 6.23 are hereby inserted into the Credit Agreement immediately following the existing Section 6.21:
Appears in 1 contract
Sources: Credit Agreement (KCS Energy Inc)