Fiscal Quarter Ending definition

Fiscal Quarter Ending. Not less than: ---------------------- -------------- December 31, 2001 .62:1.00 March 31, 2002 .84:1.00

Fiscal Quarter Ending. RATIO: ---------------------- ------------ Closing Date through and including 1.25 to 1.00 September 30, 2007 At all times thereafter 1.50 to 1.00

Fiscal Quarter Ending. Leverage Ratio: September 30, 2010 8.85 to 1.0 December 31, 2010 8.25 to 1.0 March 31, 2011 7.25 to 1.0 June 30, 2011 7.00 to 1.0

Examples of Fiscal Quarter Ending in a sentence

• Section 7.03(b) of the Financing Agreement is hereby amended by deleting the table set forth therein and substituting therefor the following: Fiscal Period End Consolidated EBITDA Fiscal Quarter Ending December 31, 2015 $ 44,500,000 Fiscal Quarter Ending March 31, 2016 $ 47,000,000 Fiscal Quarter Ending June 30, 2016 $ 47,000,000 Fiscal Quarter Ending September 30, 2016 $ 51,000,000 Fiscal Quarter Ending December 31, 2016 and each Fiscal Quarter ending thereafter $ 51,500,000 17.

• The Company shall not at any time permit the Leverage Ratio to exceed the applicable ratio set forth below during any period set forth below: Fiscal Quarter Ending: Leverage Ratio Prior to 7/1/00 3.90 to 1.0 7/1/00 through 12/30/00 3.25 to 1.0 12/31/00 and thereafter 3.00 to 1.0.

• Permit the ratio of (i) Consolidated EBIT for any period of four consecutive fiscal quarters of the Company ending with any fiscal quarter set forth below to (ii) Consolidated Interest Expense during such period, to be less than the ratio set forth opposite such period below: Fiscal Quarter Ending Interest Coverage Ratio September 30, 2001 - 3.00 September 30, 2002 December 31, 2002 - 3.50 September 30, 2003 December 31.

• Amount of Mandatory Prepayment paid in the quarter Amount of Mandatory Prepayment offset against Voluntary Prepayment Credit Voluntary Prepayment Credit balance at end of quarter Fiscal Quarter Ending: 9/30/2010 12/31/2010 3/31/2011 6/30/2011 9/30/2011 12/31/2011 3/31/2012 6/30/2012 Voluntary Prepayment Credit balance at beginning of quarter Voluntary Prepayments made during the quarter Mandatory Prepayment requirement per Section 2.5 b.

• Permit EBITDA for any Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2002 to be less than the correlative amount set forth below for such Fiscal Quarter: Fiscal Quarter Ending Minimum EBITDA --------------------- -------------- December 31, 2002 $*** March 31, 2003 $*** June 30, 2003 $***.

More Definitions of Fiscal Quarter Ending

Fiscal Quarter Ending. On or About the Dates Set Forth Below: Maximum Ratio ------------------------- ------------- November 30, 1999 9.00 to 1.00 February 29, 2000 8.50 to 1.00 May 31, 2000 8.00 to 1.00 August 31, 2000 7.50 to 1.00 November 30, 2000 6.00 to 1.00 February 28, 2001 5.50 to 1.00 May 31, 2001 5.50 to 1.00 August 31, 2001 5.50 to 1.00 November 30, 2001 5.50 to 1.00 February 28, 2002 3.50 to 1.00 May 31, 2002 3.50 to 1.00 August 31, 2002 3.50 to 1.00 And at all times during each 3.00 to 1.00 fiscal quarter thereafter

Fiscal Quarter Ending. Maximum Senior Secured Leverage Ratio Second Quarter 2016 through Fourth Quarter 2016 3.50 : 1.00 First Quarter 2017 through Fourth Quarter 2017 3.50 : 1.00 First Quarter 2018 through Fourth Quarter 2018 3.50 : 1.00 First Quarter 2019 through Fourth Quarter 2019 3.25 : 1.00 First Quarter 2020 through Fourth Quarter 2020 3.00 : 1.00 First Quarter 2021 through Fourth Quarter 2021 2.75 : 1.00 For purposes of determining compliance with the financial covenants, any cash equity contribution (which shall be common equity or otherwise in a form reasonably acceptable to the Required Lenders) made to the Borrower after the first day of the applicable quarter and on or prior to the day that is 10 business days after the day on which financial statements are required to be delivered for such fiscal quarter will be included in the calculation of Consolidated EBITDA solely for the purposes of determining compliance with the financial covenants at the end of such fiscal quarter and applicable subsequent periods which include such fiscal quarter (any such equity contribution so included in the calculation of Consolidated EBITDA, a “Specified Equity Contribution”); provided that (a) in each four consecutive fiscal quarter period, there shall be at least two fiscal quarters in respect of which no Specified Equity Contribution is made, (b) no more than three Specified Equity Contributions may be made, (c) the amount of any Specified Equity Contribution shall be no greater than the amount required to cause the Borrower to be in pro forma compliance with the financial covenants, and (d) there shall be no pro forma reduction in indebtedness with the proceeds of any Specified Equity Contribution for determining compliance with the financial covenants for the fiscal quarter in respect of which such Specified Equity Contribution is made (either directly through prepayment or indirectly as a result of the netting of unrestricted cash). “Consolidated EBITDA” will be modified to add an addback for any actually incurred costs, fees and expenses in connection with the contemplated transactions, the change of control litigation, any redemption of the Exchangeable Notes, exercise of the Xxxxxx Option and any related transactions and any restructuring of the Borrower and its Subsidiaries, including the fees and expenses of restructuring advisors.

Fiscal Quarter Ending. Maximum Consolidated Leverage Ratio: On or before March 31, 2020 4.50 to 1.00 June 30, 2020 through September 30, 2020 4.25 to 1.00 December 31, 2020 4.00 to 1.00 March 31, 2021 and each fiscal quarter thereafter 3.75 to 1.00

Fiscal Quarter Ending. First Lien Net Leverage Ratio March 31, 2022 to and including June 30, 2022 First Lien Net Leverage Ratio December 31, 2022 2.25 to 1.00 3.50 to 1.00 (a) Subject to clause (b) below, solely with respect to the Revolving Credit Facility, the Borrower will not permit the First Lien Net Leverage Ratio, calculated as of the last day of the most recent fiscal quarter of the Borrower for which financial statements were required to have been furnished to the Administrative Agent pursuant to Sections 6.01(a) or (b) (beginning with the fiscal quarter ending September 30, 2020), to exceed the ratio set forth below opposite the last day of such fiscal quarter: March 31, 2023 3.75 to 1.00 September 30, 2022 to and including March 31, 2023 June 30, 2023 2.75 to 1.00 3.00 to 1.00 September 30, 2020 to and including December 31, 2021 September 30, 2023 2.50 to 1.00 June 30, 2023 and thereafter 2.75 to 1.00 December 31, 2023 and thereafter 2.25 to 1.00 2.25 to 1.00 Fiscal Quarter Ending: (c) Each Revolving Credit Lender party to the Second Amendment hereby agrees that any amendment, modification or waiver of (I) the definition of “Covenant Relief Conditions” or “Covenant Relief Period”, (II) the last proviso to clause (1)(c) of the definition of “Consolidated EBITDA” (when used for the (b) Notwithstanding the foregoing, during the Covenant Relief Period, so long as no Event of Default has occurred or is continuing pursuant to Section 8.01(b) (solely in respect of a failure to comply with Section 6.20 (after giving effect to the applicable grace period, if any)), the Borrower will not permit the First Lien Net Leverage Ratio, calculated as of the last day of the most recent fiscal quarter of the Borrower for which financial statements were required to have been furnished to the Administrative Agent pursuant to Sections 6.01(a) or (b), to exceed the ratio set forth below opposite the last day of such fiscal quarter:

Fiscal Quarter Ending. Ratio: December 31, 2017 4.50:1.00 March 31, 2018 4.50:1.00 June 30, 2018 4.50:1.00 September 30, 2018 4.50:1.00 December 31, 2018 4.50:1.00 March 31, 2019 4.25:1.00 June 30, 2019 4.25:1.00 September 30, 2019 4.25:1.00 December 31, 2019 4.25:1.00 March 31, 2020 and thereafter 4.00:1.00 provided that if the Borrower or any of its Subsidiaries consummates an Acquisition or series of related Acquisitions within a twelve-month period with an aggregate consideration in excess of $125,000,000, then the ratio set forth above shall be deemed to be 4.50:1.00 as of the last day of each of the four fiscal quarters ending after the most recent such Acquisition (and such adjustment shall apply to the fiscal quarter most recently ended for which financial statements have been delivered hereunder solely for purposes of calculating compliance with this Section 8.13(a) on a Pro Forma Basis pursuant to clause (d) of the definition of Permitted Acquisition). Notwithstanding the foregoing, if the proviso to the previous sentence has been applicable with respect to the last day of four consecutive fiscal quarters, it shall be disregarded and given no effect as of the last day of each of the two fiscal quarters immediately following such four consecutive fiscal quarter period (regardless of any Acquisitions consummated in the interim).

Fiscal Quarter Ending. Maximum Permitted Level After the Restatement Effective Date and prior to the last day of the Fiscal Quarter ending November 2027 5.00 to 1.00

Fiscal Quarter Ending. Minimum Consolidated Tangible Net Worth: September 30, 2008 [$3,900,000 ] December 31, 2008 [$1,150,000 ] March 31, 2009 [$3,200,000 ] June 30, 2009 [$3,300,000 ] September 30, 2009 $ 0 December 31, 2009 $ 1,950,000 March 31, 2010 $ 1,700,000 June 30, 2010 $ 1,900,000 September 30, 2010 $ 2,500,000 December 31, 2010 $ 8,500,000 March 31, 2011 $ 8,700,000 June 30, 2011 $ 9,300,000