Senior Debt Ratio

Senior Debt Ratio. Subsection 8.1(c) of the Credit Agreement is hereby amended by deleting such Section and substituting therefor the following: (c) Senior Debt Ratio. Permit the Senior Debt Ratio at the last day of any fiscal quarter occurring during any period set forth below to be greater than the ratio set forth opposite such period below: Fiscal Quarter ... Ratio -------------- ----- October 1, 2000 through June 30, 2001 4.50 to 1.00 July 1, 2001 through September 30, 2001 4.00 to 1.00 October 1, 2001 through March 31, 2002 3.50 to 1.00 April 1, 2002 through September 30, 2002 3.25 to 1.00 October 1, 2002 and thereafter 3.00 to 1.00 View More

Senior Debt Ratio. Shall mean, as at any date (but subject in any event to the provisions of Section 8.10(e) hereof), the ratio of: (a) the sum of the aggregate amount of all Indebtedness of the Company and its Restricted Subsidiaries (excluding all Subordinated Indebtedness and performance bonds contemplated by Section 8.07(f) 4 hereof but including all letters of credit contemplated by said Section) as at such date minus, for any date on or before March 30, 2000, $20,000,000... to (b) the product of EBITDA for the fiscal quarter ending on, or most recently ended prior to such date times four. View More