Customer’s “Leverage Ratio” shall not at any time exceed ? to 1. For purposes hereof, “Leverage Ratio” shall mean the ratio of (i) Customer’s total liabilities less any subordinated debt of Customer, to (ii) the sum of Customer’s Tangible Net Worth plus any subordinated debt of Customer. The term “Tangible Net Worth” shall mean Customer’s net [...]

Customer’s “Leverage Ratio” shall not at any time exceed  to 1. For purposes hereof, “Leverage Ratio” shall mean the ratio of Customer’s total liabilities to Customer’s Tangible Net Worth. The term “Tangible Net Worth” shall mean Customer’s net worth as shown on Customer’s regular financial statements prepared in accordance with GAAP, but excluding an amount [...]

Customer’s “Interest Coverage Ratio” shall at all times exceed ? to 1. For purposes hereof, “Interest Coverage Ratio” shall mean the ratio of: (a) income before interest (including payments in the nature of interest under capital leases), taxes, depreciation, amortization, and other non-cash charges, to (b) Customer’s cash interest expense in respect of all indebtedness [...]

Customer’s “Fixed Charge Coverage Ratio” shall at all times exceed ? to 1. For purposes hereof, “Fixed Charge Coverage Ratio” shall mean the ratio of: (a) income before interest (including payments in the nature of interest under capital leases), taxes, depreciation, amortization, and other non-cash charges, to (b) the sum of the aggregate principal and interest [...]

Customer’s “EBITDA Margin” shall at all times exceed ? to 1. For purposes hereof, “EBITDA Margin” shall mean the ratio of Customer’s (a) income before interest (including payments in the nature of interest under capital leases), taxes, depreciation, amortization, and other non-cash charges, to (b) net revenues; all as  set forth in Customer’s regular  financial [...]

Customer’s “Total Debt to EBITDA Ratio” shall at all times be less than ? to 1. For purposes hereof, “Total Debt to EBITDA Ratio” shall mean the ratio of (a) all debt for borrowed money  including all outstanding and unused availability under any revolving credit facility, and including debt to Bank, to (b) income before interest [...]

The undersigned, on behalf of  (“Customer”), hereby certifies to Bank that: (i) he/she is an officer authorized to execute and deliver this certificate on behalf of Customer, and is familiar with the business and financial condition of the Customer; (ii) the financial statements delivered with this Certificate fairly present in all material respects the results [...]