Common use of Debt to Adjusted EBITDA Clause in Contracts

Debt to Adjusted EBITDA. Permit the ratio of (i) the total outstanding amount of Debt of the Loan Parties and the Restricted Subsidiaries on a Stand Alone Basis as of the last day of any four fiscal quarter period of PTP, commencing with the four fiscal quarter period ending March 31, 2014, to (ii) the Adjusted EBITDA of the Loan Parties and the Restricted Subsidiaries on a Stand Alone Basis for such period, to be greater than 4.00:1.00.

Debt to Adjusted EBITDA. Permit the ratio of (i) the total outstanding amount of Debt of the Loan Parties Borrower and the Restricted its Subsidiaries on a Stand Alone Basis as of the last day of any four fiscal quarter period of PTPthe Borrower, commencing with the four fiscal quarter period ending March December 31, 2014, to (ii) the Adjusted EBITDA of the Loan Parties Borrower and the Restricted its Subsidiaries on a Stand Alone Basis for such periodperiod (the “Total Leverage Ratio”), to be greater than 4.00:1.003.00:1.00.