SUSS » Topics » Secured Promissory Notes Payable

This excerpt taken from the SUSS 8-K filed Nov 13, 2007.

Secured Promissory Notes Payable

The secured promissory notes contain various restrictive covenants and compliance requirements, which include: (1) maintenance of minimum and target financial coverage ratios including maintaining a minimum free cash coverage ratio, as defined, of 1.10, (2) limiting the incurrence of additional indebtedness, and (3) restrictions on dispositions, distributions, and transactions with affiliates. The Company was in compliance with all restrictive covenants and compliance requirements at November 4, 2006 and August 4, 2007.

 

F-12


TCFS HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

(All amounts related to periods ended August 5, 2006 and August 4, 2007 are unaudited)

 

This excerpt taken from the SUSS 8-K filed Oct 29, 2007.

Secured Promissory Notes Payable

The secured promissory notes contain various restrictive covenants and compliance requirements, which include: (1) maintenance of minimum and target financial coverage ratios including maintaining a minimum free cash coverage ratio, as defined, of 1.10, (2) limiting the incurrence of additional indebtedness, and (3) restrictions on dispositions, distributions, and transactions with affiliates. The Company was in compliance with all restrictive covenants and compliance requirements at November 4, 2006 and August 4, 2007.

 

47


TCFS HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

(All amounts related to periods ended August 5, 2006 and August 4, 2007 are unaudited)

 

This excerpt taken from the SUSS 8-K filed Oct 29, 2007.

Secured Promissory Notes Payable

The secured promissory notes contain various restrictive covenants and compliance requirements, which include: (1) maintenance of minimum and target financial coverage ratios including maintaining a minimum free cash coverage ratio, as defined, of 1.10, (2) limiting the incurrence of additional indebtedness, and (3) restrictions on dispositions, distributions, and transactions with affiliates. The Company was in compliance with all restrictive covenants and compliance requirements at November 4, 2006 and August 4, 2007.

 

47


TCFS HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

(All amounts related to periods ended August 5, 2006 and August 4, 2007 are unaudited)

 

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