Private Placement Financial Covenants Reference Manual

Covenant 2.01.1	Interest Charges Coverage Ratio (constant ratio)
Covenant 2.01.2	Interest Charges Coverage Ratio (variable ratio)
Covenant 2.02.1	Fixed Charges Coverage Ratio (constant ratio)
Covenant 2.02.2	Fixed Charges Coverage Ratio (variable ratio)
Covenant 2.03.1	Debt Service Coverage Ratio (constant ratio)
Covenant 2.03.2	Debt Service Coverage Ratio (variable ratio)

Covenant 2.01.1 (constant ratio)

Interest Charges Coverage Ratio. The Company will not, at any time, permit the Interest Charges Coverage Ratio to be less than [ ___ ] to 1.

Covenant 2.01.2 (variable ratio)

Interest Charges Coverage Ratio. The Company will not permit the Interest Charges Coverage Ratio at any time during any period specified below to be less than the ratio set forth opposite such period: Period Ratio From the date of the Closing through and including ____________, ____ ___ to 1 From ____________, ____ through and including ____________, ____ ___ to 1 and thereafter ___ to 1

Covenant 2.02.1 (constant ratio)

Fixed Charges Coverage Ratio. The Company will not, at any time, permit the Fixed Charges Coverage Ratio to be less than [ ___ ] to 1.

Covenant 2.02.2 (variable ratio)

Fixed Charges Coverage Ratio. The Company will not permit the Fixed Charges Coverage Ratio at any time during any period specified below to be less than the ratio set forth opposite such period: Period Ratio From the date of the Closing through and including ____________, ____ ___ to 1 From ____________, ____ through and including ____________, ____ ___ to 1 and thereafter ___ to 1

Covenant 2.03.1 (constant ratio)

Debt Service Coverage Ratio. The Company will not, at any time, permit the Debt Service Coverage Ratio to be less than [ ___ ] to 1.

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