Common use of Closing Date Leverage Clause in Contracts

Closing Date Leverage. After giving effect to the Closing Date Distribution and the incurrence of the Loans by Borrower and the costs and expenses in connection with the foregoing, the Consolidated Senior Leverage Ratio (for the trailing four quarters ending on the fiscal quarter immediately preceding the Closing Date) is equal to or lesser than 2.00:1.00. For purposes of determining compliance with the conditions specified in this Section 5.1, each Lender that has executed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent (or made available) by the Administrative Agent to such Lender for consent, approval, acceptance or satisfaction, or required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender.

Closing Date Leverage. After giving effect to the Closing Date Distribution and the incurrence of the Loans by Borrower and the costs and expenses in connection with the foregoing, the Consolidated Senior Leverage Ratio (for the trailing four quarters ending on the fiscal quarter immediately preceding the Closing Date) is equal to or lesser than 2.00:1.00. ​ For purposes of determining compliance with the conditions specified in this Section 5.1, each Lender that has executed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent (or made available) by the Administrative Agent to such Lender for consent, approval, acceptance or satisfaction, or required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender.