Common use of Leverage Test Clause in Contracts

Leverage Test. The Borrower will not permit the ratio of (a) Consolidated Total Indebtedness at the end of any fiscal quarter, commencing with the fiscal quarter ending June 30, 2006, to (b) Consolidated EBITDA for the four-fiscal-quarter period ended on such date to be greater than the amount specified in the chart below for the period in which such date shall occur: Period Maximum Ratio From the Effective Date through and including December 31, 2006 5.00 From January 1, 2007 through and including June 30, 2008 4.75 From July 1, 2008 through and including September 30, 2008 5.00 From October 1, 2008 through and including June 30, 2009 5.25 From and after July 1, 2009 5.00

Appears in 1 contract

Sources: Credit Agreement (Unisource Energy Corp)

Leverage Test. The Borrower will not permit the ratio of (a) Consolidated Total Indebtedness at the end of any fiscal quarter, commencing with the fiscal quarter ending June 30, 2006, to (b) Consolidated EBITDA for the fourtwelve-fiscal-quarter month period ended on such date to be greater than the amount specified in the chart below for the period in which such date shall occur: Period Maximum Ratio From the Effective Date through and including December 31, 2006 5.00 4.50 From January 1, 2007 through and including December 31, 2007 4.25 From January 1, 2008 through and including June 30, 2008 4.75 4.00 From July 1, 2008 through and including September 30, 2008 5.00 4.50 From October 1, 2008 through and including December 31, 2008 4.75 From January 1, 2009 through and including June 30, 2009 5.25 4.50 From and after July 1, 2009 5.004.00

Appears in 1 contract

Sources: Credit Agreement (Unisource Energy Corp)

Leverage Test. The Borrower will not permit the ratio of (a) Consolidated Total Indebtedness at the end of any fiscal quarter, commencing with the fiscal quarter ending June 30, 2006, to (b) Consolidated EBITDA for the four-fiscal-quarter period ended on such date to be greater than the amount specified in the chart below for the period in which such date shall occur: Period Maximum Ratio From the Effective Date through and including December 31, 2006 5.00 From January 1, 2007 through and including June 30, 2008 4.75 From July 1, 2008 through and including September 30, 2008 5.00 From October 1, 2008 through and including December 31, 2008 5.25 From January 1, 2009 through and including June 30, 2009 5.25 5.00 From and after July 1, 2009 5.004.50

Appears in 1 contract

Sources: Credit Agreement (Unisource Energy Corp)