Closing Leverage. The aggregate outstanding balance of the ABL Obligations and the Term A Loans funded on the Closing Date, minus unrestricted cash in which the ABL Agent and the Administrative Agent have perfected security interests (in an aggregate amount not to exceed $1,000,000), shall not be greater than 3.00 multiplied by Consolidated EBITDA.
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Sources: Credit Agreement (Quest Resource Holding Corp), Credit Agreement (Quest Resource Holding Corp)
Closing Leverage. The aggregate outstanding balance of the ABL Obligations and the Term A Loans (as defined under this Agreement immediately prior to the effectiveness of the Sixth Amendment) funded on the Closing Date, minus unrestricted cash in which the ABL Agent and the Administrative Agent have perfected security interests (in an aggregate amount not to exceed $1,000,000), shall not be greater than 3.00 multiplied by Consolidated EBITDA.
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