Advance Auto Parts 2007 Annual Report Download - page 35

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The failure to comply with any of these covenants would cause a default under our credit facilities.
Furthermore, our credit facilities contain certain financial covenants, including a maximum leverage ratio and a
minimum coverage ratio, which, if not maintained by us, will cause us to be in default under our credit facilities.
Any of these defaults, if not waived, could result in the acceleration of all of our debt, in which case the debt would
become immediately due and payable. If this occurs, we may not be able to repay our debt or borrow sufficient
funds to refinance it. Even if new financing were available, it may be on terms that are less favorable or otherwise
not acceptable to us.
Item 1B. Unresolved Staff Comments.
None.
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