Adjusted Leverage Ratio. The Adjusted Leverage Ratio, calculated as of the last day of each fiscal quarter occurring during the periods set forth below shall be less than or equal to the following: Period Ratio Closing Date through and including Fourth Quarter of 2012 6.00 to 1.00 First Quarter 2013 through and including the Fourth Quarter of 2013 5.50 to 1.00 First Quarter of 2014 and thereafter 5.00 to 1.00
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Samples: Credit Agreement (Carrols Restaurant Group, Inc.), Credit Agreement (Carrols Restaurant Group, Inc.)
Adjusted Leverage Ratio. The Adjusted Leverage Ratio, calculated as of the last day of each fiscal quarter occurring during the periods set forth below shall be less than or equal to the following: Period Ratio Closing Date through and including the Fourth Quarter of 2012 2013 6.00 to 1.00 First Quarter 2013 of 2014 through and including the Third Quarter of 2014 5.50 to 1.00 Fourth Quarter of 2014 through and including the Second Quarter of 2015 6.50 to 1.00 Third Quarter of 2015 through and including the Fourth Quarter of 2013 5.50 2015 6.25 to 1.00 First Quarter of 2014 2016 and thereafter 5.00 6.00 to 1.00
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Adjusted Leverage Ratio. The Adjusted Leverage Ratio, calculated as of the last day of each fiscal quarter occurring during the periods set forth below shall be less than or equal to the following: Period Ratio Closing Second Amendment Effective Date through and including Fourth Quarter of 2012 6.00 to 1.00 First Quarter 2013 through and including the Fourth Quarter of 2013 5.50 2015 7.00 to 1.00 First Quarter of 2014 2016 through and including the Fourth Quarter of 2016 6.75 to 1.00 First Quarter of 2017 and thereafter 5.00 6.00 to 1.00
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Adjusted Leverage Ratio. The Adjusted Leverage Ratio, calculated as of the last day of each fiscal quarter occurring during the periods set forth below shall be less than or equal to the following: Period Ratio Closing Date through and including the Fourth Quarter of 2012 2013 6.00 to 1.00 First Quarter 2013 of 2014 through and including the Fourth Quarter of 2013 2014 5.50 to 1.00 First Quarter of 2014 2015 and thereafter 5.00 to 1.00
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