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WEN » Topics » Leverage Ratio

This excerpt taken from the WEN 8-K filed Mar 12, 2009.
Leverage Ratio” means, with respect to any Person as of any date, the ratio of (a) Consolidated Financial Covenant Debt of such Person and its Subsidiaries (other than Unrestricted Subsidiaries) outstanding as of such date to (b) Consolidated EBITDA for such Person and its Subsidiaries (other than Unrestricted Subsidiaries) for the last four Fiscal Quarter period ending on or before such date.

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This excerpt taken from the WEN 8-K filed Jan 16, 2009.
Leverage Ratio”), determined as of the end of each of its fiscal quarters for the then most-recently ended four fiscal quarters, of (i) Consolidated Indebtedness to (ii) Adjusted EBITDA, to be greater than or equal to (A) 3.75 to 1.00 00 for any period ending on or before December 31, 2009; (B) 3.00 to 1.00 for any period ending on or before December 31, 2010 but after December 31, 2009; and (C) 2.50 to 1.00 for any period ending on or before December 31, 2011 but after December 31, 2010.  For purposes of this Section, Adjusted EBITDA shall be calculated in accordance with the Pro Forma Adjustments.
 
7.24.           Minimum Fixed Charge Coverage Ratio.  The Borrower will not permit the ratio (the “

EXCERPTS ON THIS PAGE:

8-K
Mar 12, 2009
8-K
Jan 16, 2009

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