Common use of Minimum Consolidated Interest Coverage Ratio Clause in Contracts

Minimum Consolidated Interest Coverage Ratio. The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: June 30, 2005 2.00:1.00 September 30, 2005 2.00:1.00 December 31, 2005 2.00:1.00 March 31, 2006 2.00:1.00 June 30, 2006 2.00:1.00 September 30, 2006 2.00:1.00 December 31, 2006 2.25:1.00 March 31, 2007 2.25:1.00 June 30, 2007 2.25:1.00 September 30, 2007 2.25:1.00 December 31, 2007 2.50:1.00 March 31, 2008 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2.75:1.00 June 30, 2009 2.75:1.00 September 30, 2009 2.75:1.00 Thereafter 3.00:1.00

Minimum Consolidated Interest Coverage Ratio. The Borrower will not permit Permit the Consolidated Interest Coverage Ratio for any period of four consecutive fiscal quarter quarters of the Borrower and its Restricted Subsidiaries ending with any fiscal quarter set forth below to be less than or equal to the ratio set forth below opposite such fiscal quarter belowquarter: March 31, 2010 1.50 to 1.00 June 30, 2005 2.00:1.00 2010 1.50 to 1.00 September 30, 2005 2.00:1.00 2010 1.50 to 1.00 December 31, 2005 2.00:1.00 2010 1.50 to 1.00 March 31, 2006 2.00:1.00 2011 1.50 to 1.00 June 30, 2006 2.00:1.00 2011 1.50 to 1.00 September 30, 2006 2.00:1.00 2011 1.50 to 1.00 December 31, 2006 2.25:1.00 2011 1.50 to 1.00 March 31, 2007 2.25:1.00 2012 1.50 to 1.00 June 30, 2007 2.25:1.00 2012 1.60 to 1.00 September 30, 2007 2.25:1.00 2012 1.65 to 1.00 December 31, 2007 2.50:1.00 2012 1.75 to 1.00 March 31, 2008 2.50:1.00 2013 1.75 to 1.00 June 30, 2008 2.50:1.00 2013 1.90 to 1.00 September 30, 2008 2.50:1.00 2013 2.00 to 1.00 December 31, 2008 2.75:1.00 2013 2.00 to 1.00 March 31, 2009 2.75:1.00 June 30, 2009 2.75:1.00 September 30, 2009 2.75:1.00 Thereafter 3.00:1.002014 2.00 to 1.00

Minimum Consolidated Interest Coverage Ratio. The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: June 30, 2005 2.00:1.00 September 30, 2005 2.00:1.00 December 31, 2005 2.00:1.00 March 31, 2006 2.00:1.00 June 30, 2006 2.00:1.00 September 30, 2006 2.00:1.00 December 31, 2006 2.25:1.00 March 31, 2007 2.25:1.00 June 30, 2007 2.25:1.00 September 30, 2007 2.25:1.00 December 31, 2007 2.50:1.00 March 31, 2008 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2.75:1.00 Fiscal Quarter Ending Ratio June 30, 2009 2.75:1.00 September 30, 2009 2.25:1.00 December 31, 2009 1.875:1.00 March 31, 2010 1.875:1.00 June 30, 2010 2.00:1.00 September 30, 2010 2.125:1.00 December 31, 2010 2.125:1.00 March 31, 2011 2.125:1.00 June 30, 2011 2.25:1.00 September 30, 2011 2.30:1.00 December 31, 2011 2.40:1.00 March 31, 2012 2.625:1.00 June 30, 2012 2.75:1.00 Thereafter 3.00:1.00September 30, 2012, 3.00:1:00 and thereafter (v) Section 6.08 of the Credit Agreement is hereby deleted and replaced with the following:

Minimum Consolidated Interest Coverage Ratio. The Borrower will not permit the Consolidated Interest Coverage Ratio for any Test Period ending on the last day of a fiscal quarter of the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: September 30, 2003 2.00:1.00 December 31, 2003 1.75:1.00 March 31, 2004 1.75:1.00 June 30, 2004 1.75:1.00 September 30, 2004 1.75:1.00 December 31, 2004 1.75:1.00 March 31, 2005 1.75:1.00 June 30, 2005 2.00:1.00 1.75:1.00 September 30, 2005 2.00:1.00 December 31, 2005 2.00:1.00 March 31, 2006 2.00:1.00 June 30, 2006 2.00:1.00 September 30, 2006 2.00:1.00 2.25:1.00 December 31, 2006 2.25:1.00 March 31, 2007 2.25:1.00 June 30, 2007 2.25:1.00 September 30, 2007 2.25:1.00 December 31, 2007 2.50:1.00 March 31, 2008 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2.75:1.00 June 30, 2009 2.75:1.00 September 30, 2009 2.75:1.00 Thereafter 3.00:1.002.75:1.00”. 13. Sections 9.11 and 9.12 of the Credit Agreement are hereby deleted in their entirety and the following new Sections 9.11 and 9.12 are inserted in lieu thereof:

Minimum Consolidated Interest Coverage Ratio. The Borrower Servicer will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of the Borrower Servicer set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: June 30, 2005 2.00:1.00 2011 1.50:1.00 September 30, 2005 2011 1.575:1.00 December 31, 2011 1.625:1.00 March 31, 2012 1.750:1.00 June 30, 2012 1.875:1.00 September 30, 2012 2.00:1.00 December 31, 2005 2012 2.00:1.00 March 31, 2006 2.00:1.00 June 30, 2006 2.00:1.00 September 30, 2006 2.00:1.00 December 31, 2006 2.25:1.00 March 31, 2007 2013 2.25:1.00 June 30, 2007 2013 2.25:1.00 September 30, 2007 2.25:1.00 2013 2.50:1.00 December 31, 2007 2013 2.50:1.00 March 31, 2008 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2014 2.75:1.00 June 30, 2009 2014 2.75:1.00 September 30, 2009 2014 2.75:1.00 Thereafter December 31, 2014, and thereafter 3.00:1.00

Minimum Consolidated Interest Coverage Ratio. The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: June 30, 2005 2.00:1.00 2009 September 30, 2005 2.00:1.00 2009 December 31, 2005 2.00:1.00 2009 March 31, 2006 2010 2.75:1.00 2.25:1.00 1.875:1.00 1.75:1.00 June 30, 2010 September 30, 2010 December 31, 2010 March 31, 2011 1.75:1.00 1.80:1.00 1.85:1.00 2.00:1.00 June 30, 2006 2.00:1.00 2011 September 30, 2006 2.00:1.00 2011 December 31, 2006 2.25:1.00 2011 March 31, 2007 2012 2.00:1.00 2.125:1.00 2.25:1.00 2.375:1.00 June 30, 2007 2.25:1.00 2012 September 30, 2007 2.25:1.00 2012 December 31, 2007 2.50:1.00 2012 March 31, 2008 2013 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.50:1:00 2.75:1.00 March 31, 2009 2.75:1.00 June 30, 2009 2.75:1.00 September 302013, 2009 2.75:1.00 Thereafter and thereafter 3.00:1.00 (n) Section 6.08 of the Credit Agreement is hereby deleted and replaced with the following:

Minimum Consolidated Interest Coverage Ratio. The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: June 30, 2005 2.00:1.00 September 30, 2005 2.00:1.00 December 31, 2005 2.00:1.00 March 31, 2006 2.00:1.00 June 30, 2006 2.00:1.00 September 30, 2006 2.00:1.00 December 31, 2006 2.25:1.00 March 31, 2007 2.25:1.00 June 30, 2007 2.25:1.00 September 30, 2007 2.25:1.00 December 31, 2007 2018 2.50:1.00 March 31, 2008 2.50:1.00 June 2019June 30, 2008 2.50:1.00 September 2019September 30, 2008 2.50:1.00 December 2019December 31, 2008 2.75:1.00 2019 2.50:1.002.50:1.002.50:1.002.75:1.00 March 31, 2009 2020 2.75:1.00 June 30, 2009 2.75:1.00 September 2021September 30, 2009 2.75:1.00 Thereafter 3.00:1.002021December 31, 2021 2.00:1.002.50:1.002.75:1.00 March 31, 2022June 30, 2022 and each fiscal quarterthereafter 2.75:1.003.00:1.00

Minimum Consolidated Interest Coverage Ratio. The Borrower will not For so long as any Lender shall have any Revolving Credit Commitments or Revolving Credit Loans outstanding, permit the Consolidated Interest Coverage Ratio for as of the last date of any four-fiscal quarter period of the Borrower ending on the date set forth below to be less than or equal to the ratio set forth opposite the last date of such four-fiscal quarter period below: June 30, 2005 2.00:1.00 September 30, 2005 2.00:1.00 December 31, 2005 2.00:1.00 March 31, 2006 2.00:1.00 June 30, 2006 2.00:1.00 September 30, 2006 2.00:1.00 December 31, 2006 2.25:1.00 March 31, 2007 2.25:1.00 June 30, 2007 2.25:1.00 September 30, 2007 2.25:1.00 2.50:1.00 December 31, 2007 2.50:1.00 March 31, 2008 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.75:1.00 2.50:1.00 March 31, 2009 2.75:1.00 June 30, 2009 2.75:1.00 September 30, 2009 2.75:1.00 Thereafter 3.00:1.00and thereafter 2.75:1.00

Minimum Consolidated Interest Coverage Ratio. The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: June 30, 2005 2.00:1.00 September 30, 2005 2.00:1.00 December 31, 2005 2.00:1.00 March 31, 2006 2.00:1.00 June 30, 2006 2.00:1.00 September 30, 2006 2.00:1.00 December 31, 2006 2.25:1.00 March 31, 2007 2.25:1.00 June 30, 2007 2.25:1.00 September 30, 2007 2.25:1.00 December 31, 2007 2.50:1.00 March 31, 2008 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2.75:1.00 June 30, 2009 2.75:1.00 September 30, 2009 2.75:1.00 Thereafter 3.00:1.00

Minimum Consolidated Interest Coverage Ratio. The Borrower Tenant will not permit the Consolidated Interest Coverage Ratio for any Test Period (taken as one accounting period) ended on the last day of a fiscal quarter of the Borrower set forth Tenant described below to be less than or equal to the ratio amount set forth opposite such fiscal quarter below: June 30Fiscal Quarter Ended Closest to the Last-Day In Ratio ------------------- ----- June, 2005 1997 1.20:1.00 September, 1997 1.20:1.00 December, 1997 1.30:1.00 March, 1998 1.35:1.00 June, 1998 1.45:1.00 September, 1998 1.45:1.00 December, 1998 1.55:1.00 March, 1999 1.65:1.00 June, 1999 1.70:1.00 September, 1999 1.75:1.00 December, 1999 1.80:1.00 March, 2000 1.90:1.00 June, 2000 1.95:1.00 September, 2000 2.00:1.00 September 30December, 2005 2.00:1.00 December 312000 2.05:1.00 March, 2005 2.00:1.00 March 312001 2.15:1.00 June, 2006 2.00:1.00 June 302001 2.25:1.00 September, 2006 2.00:1.00 September 302001 2.30:1.00 December, 2006 2.00:1.00 December 31, 2006 2.25:1.00 March 31, 2007 2.25:1.00 June 30, 2007 2.25:1.00 September 30, 2007 2.25:1.00 December 31, 2007 2.50:1.00 March 31, 2008 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2.75:1.00 June 30, 2009 2.75:1.00 September 30, 2009 2.75:1.00 Thereafter 3.00:1.002001 and thereafter 2.35:1.00

Minimum Consolidated Interest Coverage Ratio. The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: June 30, 2005 2.00:1.00 2011 1.50:1.00 September 30, 2005 2011 1.575:1.00 December 31, 2011 1.625:1.00 March 31, 2012 1.750:1.00 June 30, 2012 1.875:1.00 September 30, 2012 2.00:1.00 December 31, 2005 2012 2.00:1.00 March 31, 2006 2.00:1.00 June 30, 2006 2.00:1.00 September 30, 2006 2.00:1.00 December 31, 2006 2.25:1.00 March 31, 2007 2013 2.25:1.00 June 30, 2007 2013 2.25:1.00 September 30, 2007 2.25:1.00 2013 2.50:1.00 December 31, 2007 2013, 2.50:1.00 March 31, 2008 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2014 2.75:1.00 June 30, 2009 2014 2.75:1.00 September 30, 2009 2014 2.75:1.00 Thereafter 3.00:1.00December 31, 2014, 3.00:1.00 and thereafter