Adjusted Leverage Ratio. The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00
Adjusted Leverage Ratio. Borrower's Adjusted Leverage Ratio shall not be greater than 15:1.0.
Adjusted Leverage Ratio. The Borrower will not permit its Adjusted Leverage Ratio to be greater than 3.00 to 1.00 as of each fiscal quarter end.
Adjusted Leverage Ratio. As of the end of any fiscal quarter referenced in the table below, the Adjusted Leverage Ratio for the Reference Period then ended shall not exceed the ratio set forth opposite such fiscal quarter in such table: Fiscal Quarter Ratio FQ4 2009 3.50:1.00 FQ1 2010 through FQ3 2011 3.75:1.00 FQ4 2011 through FQ2 2012 3.50:1.00 FQ3 2012 and each FQ thereafter 4.00:1.00 (d) The Credit Agreement is hereby amended by amending and restating Section 14.02 to read as follows:
Adjusted Leverage Ratio. The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, of (i) Consolidated Adjusted Funded Indebtedness to (ii) Consolidated EBITDAR for the then most-recently ended four (4) fiscal quarters (such ratio, the “Adjusted Leverage Ratio”) to be greater than 3.50 to 1.00.
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
Adjusted Leverage Ratio. The Adjusted Leverage Ratio, as of the last day of each fiscal quarter of the Parent and its Subsidiaries, shall be less than or equal to 3.50 to 1.0.
Adjusted Leverage Ratio. Not permit the Adjusted Leverage Ratio at the end of the fiscal quarters of Lessee set forth below to exceed the correlative ratio indicated: Fiscal Quarter Leverage Ratio Fourth Quarter 2001 4.50 to 1.0 First Quarter 2002 4.60 to 1.0 Second Quarter 2002 4.80 to 1.0 Third Quarter 2002 4.75 to 1.0 Fourth Quarter 2002 4.70 to 1.0 First Quarter 2003 5.00 to 1.0 Second Quarter 2003 4.50 to 1.0 Third Quarter 2003 4.50 to 1.0 Fourth Quarter 2003 4.25 to 1.0 First Quarter 2004 4.25 to 1.0 Second Quarter 2004 4.25 to 1.0 Third Quarter 2004 4.25 to 1.0
Adjusted Leverage Ratio. The Borrowers will not permit the Adjusted Leverage Ratio, determined at the end of and for any period of four consecutive fiscal quarters of the Borrowers ending during any period, or ending on the last day of the fiscal quarter which ends nearest to the calendar quarter end date, described in the table below, to be greater than the ratio set forth opposite such period in such table: Period (inclusive of end dates) Ratio January 1, 2006 - December 31, 2007 5.95 to 1.00 January 1, 2008 - March 31, 2008 6.25 to 1.00 April 1, 2008 - June 30, 2008 6.15 to 1.00 July 1, 2008 and thereafter 5.75 to 1.00
Adjusted Leverage Ratio. As at any date of determination, the ratio of (a) Consolidated Rental Expense for the Reference Period ending on such date (multiplied by eight (8)) plus Consolidated Funded Indebtedness outstanding on such date to (b) Consolidated EBITDAR for the Reference Period ending on such date.
