0-6508
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13-3458955
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(Commission
File Number)
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(IRS
Employer Identification
No.)
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Item 1.01 |
Entry
Into Material Definitive
Agreement
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· |
a
Debt to EBITDARS Ratio (as defined in the Credit Agreement), on
a
consolidated basis, no greater than 4.00 to 1.00 at the end of
each fiscal
quarter ending June 30, 2008 and thereafter, maintain at all times
a Debt
to EBITDARS Ratio, on a consolidated basis, no greater than 3.75
to 1.00
at the end of each fiscal quarter commencing with the fiscal quarter
ending September 30,
2008;
|
· |
A
minimum quarterly EBITDARS (as defined in the Credit Agreement),
on a
consolidated basis, equal to or greater than $350,000, measured
at the end
of each fiscal quarter commencing with the fiscal quarter ending
on June
30, 2008; and
|
· |
at
all times a Fixed Charge Coverage Ratio (as defined in the Credit
Agreement), on a consolidated basis, equal to or greater than 1.10
to
1.00, reported at the end of each fiscal quarter commencing with
the
fiscal quarter ending June 30,
2009.
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IEC Electronics Corp. | ||
(Registrant) | ||
Date:
July 29, 2008
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By:
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/s/
W. Barry Gilbert
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|
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W.
Barry Gilbert
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|
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Chairman,
Chief Executive Officer
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