Ratio of Consolidated Sample Clauses

Ratio of Consolidated. Total Liabilities to Consolidated ------------------------------------------------------- Tangible Net Worth. The Company will not permit the ratio of Consolidated ------------------ Total Liabilities to Consolidated Tangible Net Worth to exceed 1.65:1 at any time." (c) Section 1 is hereby amended to insert, in correct alphabetical order, a new definition of "Consolidated Tangible Net Worth" to read in its entirety as follows:

Ratio of Consolidated. EBIDTA to Consolidated Total Fixed Charges B. As of the end of the calendar quarter immediately preceding the Advance (and as of the end of each fiscal quarter thereafter), at no time that the Loan is outstanding shall the ratio (stated as a percent), in respect of any period, of (A) Consolidated EBITDA to (B) Consolidated Total Fixed Charges B, be less than 125%. "Consolidated Total Fixed Charges B" shall mean, for any period, the aggregate amount of (1) Consolidated Total Interest Expense, plus (2) scheduled principal payments of Indebtedness (excluding optional prepayments and balloon or bullet payments at maturity) for such period, plus (3) dividends and distributions, if any, paid or required to be paid on preferred stock, preferred partnership interests or other preferred equity of PGRT for such period.

Ratio of Consolidated. Adjusted Net Income to Consolidated ------------------------------------------------------------------------ Interest Expense ---------------- A. Consolidated Adjusted Net Income (for four fiscal quarters ended________, 200__) (i) Consolidated Net Income $___ (ii) Taxes $___ (iii) Consolidated Interest Expense $___ (iv) Sum of (i), (ii) and (iii) $___ B. Consolidated Interest Expense (3A(iii)) $___ C. Ratio of A to B ___to 1.0 D. Permitted Ratio Greater than 3.0 to 1.0 Complies ___ Does Not Comply ____ EXHIBIT C ASSIGNMENT AGREEMENT This Assignment Agreement (this "Assignment Agreement") between ___________ _________(the "Assignor") and _____________ (the "Assignee") is dated as of, ____________200_. The parties hereto agree as follows:

Ratio of Consolidated. Operating Cash ------------------------------------ Flow to Consolidated Total Debt Service. The Company and its --------------------------------------- Subsidiaries shall not permit for any period of four consecutive fiscal quarters, commencing with the period ending March 31, 2000, the ratio of (a) Consolidated Operating Cash Flow to (b) Consolidated Total Debt Service, to be less than 1.25-to-1.0; provided, however, that for -------- ------- purposes of calculating Consolidated Total Debt Service, the Company shall be presumed to have made the required $500,000 principal payments on the Term Loan on January 4, 1999, July 1, 1999 and October 4, 1999, notwithstanding that such payments may actually have been made prior to such dates or deemed to have been made prior to such dates."

Ratio of Consolidated. FUNDED DEBT TO ADJUSTED CONSOLIDATED EBITDA APPLICABLE COMMITMENT FEE RATE ------------------------------------ ------------------------------ Less than or equal to 3.00 to 1.00 0.25% Greater than 3.00 to 1.00, but less than or 0.375% equal to 5.00 to 1.00 Greater than 5.00 to 1.00 0.50% The Applicable Commitment Fee Rate shall be 0.375% from the date hereof until the first Adjustment Date after the date hereof that the Compliance Certificate demonstrates a change in the ratio of Consolidated Funded Debt to Adjusted Consolidated EBITDA to a level for which another Applicable Commitment Fee Rate shall apply. After each adjustment of the Applicable Commitment Fee Rate in accordance herewith, the new Applicable Commitment Fee Rate shall apply until the next Adjustment Date as of which the Compliance Certificate demonstrates a change in the ratio of Consolidated Funded Debt to Adjusted Consolidated EBITDA to a level for which another Applicable Commitment Fee Rate shall apply. Upon the request of the Agent, the Borrower must demonstrate to the reasonable satisfaction of the Required Banks the required applicable ratio in order to obtain an adjustment to a lower Applicable Commitment Fee Rate. If the Borrower fails to furnish to the Agent any Compliance Certificate (with accompanying financial statements) by the date required by this Agreement, then the maximum Applicable Commitment Fee Rate shall apply until the Borrower furnishes the required Compliance Certificate (with accompanying financial statements) to the Agent.

Ratio of Consolidated. Senior Funded Indebtedness to Consolidated EBITDA. Such waiver shall not apply with respect to any other period.

Ratio of Consolidated. Senior Funded Indebtedness to ------------ --------------------------------------------------- Consolidated EBITDA is amended to read as follows: ------------------- "The ratio of Group's Consolidated Senior Funded Indebtedness to Consolidated EBITDA shall not exceed the ratios set forth below as measured at the end of each fiscal quarter during the periods indicated, on the basis of the fiscal quarter ending on such date and the three immediately preceding fiscal quarters: Period Ratio ------ ----- Fiscal Year End 1995 2:45:1.0 First Quarter Fiscal Year 1996 through Third Quarter Fiscal Year 1996 2.25:1.0 Fiscal Year End 1996 and thereafter 2.00:1.0" 5. The Borrowers will pay a fee in the amount of $37,500 upon execution of this First Amendment which will be shared pro rata among the Lenders. 6. Except as set forth in this First Amendment, the Credit Agreement remains in full force and effect.

Ratio of Consolidated. Adjusted EBITDA (B.1) to Consolidated Interest Expense (B.2) ____ to 1.00 $___________ REQUIRED: NOT LESS THAN 2.25 TO 1.00. * See Schedules I and II for calculation of Consolidated Adjusted EBITDA and Annualized EBITDA, if applicable, for any Qualifying Property. ** See Schedule III for calculation of Interest Expense with respect to Qualifying Property not owned by the Borrower or any Subsidiary for the entire applicable Four-Quarter Period.

Ratio of Consolidated. Adjusted EBITDA (B.1) to Consolidated Interest Expense (B.2) ____ to 1.00 $______________ REQUIRED: NOT LESS THAN 2.25 TO 1.00. * SEE SCHEDULES I AND II FOR CALCULATION OF CONSOLIDATED ADJUSTED EBITDA AND ANNUALIZED EBITDA, IF APPLICABLE, FOR ANY QUALIFYING PROPERTY. ** SEE SCHEDULE III FOR CALCULATION OF INTEREST EXPENSE WITH RESPECT TO QUALIFYING PROPERTY NOT OWNED BY THE BORROWER OR ANY SUBSIDIARY FOR THE ENTIRE APPLICABLE FOUR-QUARTER PERIOD.