Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio determined as of the last day of any fiscal quarter of the Borrower to exceed 4.0 to 1.0.
Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as of the last day of any fiscal quarter of Holdings ending during any period set forth below, for the four (4) fiscal quarters of Holdings ending on such date, beginning with the fiscal quarter of Holdings ending December 31, 2016, to exceed the ratio set forth below opposite such period: Period Ending on the Fiscal Quarter Ended on the Date Below Consolidated First Lien Leverage Ratio December 31, 2016 3.50 to 1.00 March 31, 2017 3.60 to 1.00 June 30, 2017 3.50 to 1.00 September 30, 2017 3.25 to 1.00 December 31, 2017 3.25 to 1.00 March 31, 2018 3.25 to 1.00 June 30, 2018 3.25 to 1.00 Anytime thereafter 3.00 to 1.00”
Consolidated First Lien Leverage Ratio permit the Consolidated First Lien Leverage Ratio as of the end of any fiscal quarter of TRM for the twelve (12) consecutive month period ending on such date set forth below to be greater than the ratio corresponding to such fiscal quarter (using annualized EBITDA amounts in accordance with clause (a) above, to the extent applicable): Fiscal Year March 31 June 30 September 30 December 31 2006 n/a 2.75 2.25 2.25 2007 2.20 2.10 2.00 1.90 2008 1.80 1.70 1.60 1.50 2009 1.35 1.35 1.35 1.35 thereafter 1.25
Consolidated First Lien Leverage Ratio. Following the closing of any Refinancing Transaction, each of the Borrower and Holdings will not, and will not permit any of its Subsidiaries to, directly or indirectly, permit the Consolidated First Lien Leverage Ratio for any four consecutive Fiscal Quarters of the Borrower ending with any Fiscal Quarter set forth below to exceed the ratio set forth below opposite such Fiscal Quarter. This test will not be applicable prior to the Refinancing Transaction Closing Date. Quarter-End Date Consolidated First Lien Leverage Ratio June 30, 2006 (if any Refinancing Transaction shall have closed prior to such date) 3.25x September 30, 2006 (if any Refinancing Transaction shall have closed prior to such date) 3.25x Quarter-End Date Consolidated First Lien Leverage Ratio December 31, 2006 (if any Refinancing Transaction shall have closed prior to such date) 3.00x March 31, 0000 0.00x June 30, 0000 0.00x September 30, 0000 0.00x December 31, 0000 0.00x March 31, 0000 0.00x June 30, 0000 0.00x September 30, 0000 0.00x December 31, 0000 0.00x March 31, 2009 and thereafter 2.25x
Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as at the end of any fiscal quarter (commencing with the first full fiscal quarter after the Closing Date) to be greater than 4.00 to 1.00.
Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as at the end of each Fiscal Quarter of the Borrower set forth below to be greater than the maximum ratio set forth in the table below opposite thereto. Fiscal Quarter Maximum First Lien Leverage Ratio Fiscal Quarter ending September 30, 2016 2.80:1.00 Fiscal Quarter ending December 31, 2016 2.80:1.00 Fiscal Quarter ending March 31, 2017 2.70:1.00 Fiscal Quarter ending June 30, 2017 2.70:1.00 Fiscal Quarter ending September 30, 2017 2.60:1.00 Fiscal Quarter ending December 31, 2017 2.60:1.00 Fiscal Quarter ending March 31, 2018 2.60:1.00 Fiscal Quarter ending June 30, 2018 2.60:1.00 Fiscal Quarter ending September 30, 2018 and each Fiscal Quarter thereafter 2.50:1.00
Consolidated First Lien Leverage Ratio. Each of the Borrower and Holdings will not, and will not permit any of its Subsidiaries to, directly or indirectly, permit the Consolidated First Lien Leverage Ratio for any four consecutive Fiscal Quarters of the Borrower ending with any Fiscal Quarter set forth below to exceed the ratio set forth below opposite such Fiscal Quarter: 107 Quarter-End Date Consolidated First Lien Leverage Ratio June 30, 0000 0.00x September 30, 0000 0.00x December 31, 0000 0.00x March 31, 0000 0.00x June 30, 0000 0.00x September 30, 0000 0.00x December 31, 0000 0.00x March 31, 2009 and thereafter 3.50x
Consolidated First Lien Leverage Ratio. Commencing on the eighteen (18) month anniversary of the Closing Date, (a) during the period following the end of the eighteen (18) month anniversary of the Closing Date until the twenty-four (24) month anniversary of the Closing Date, the Consolidated First Lien Leverage Ratio for any period of four consecutive Fiscal Quarters shall not be greater than 5.5 to 1.0, determined as of the last day of each Fiscal Quarter, and (b) during the period following the end of the twenty-four (24) month anniversary of the Closing Date until the Maturity Date, the Consolidated First Lien Leverage Ratio for any period of four consecutive Fiscal Quarters shall not be greater than 5.0 to 1.0 as of the last day of each Fiscal Quarter.
Consolidated First Lien Leverage Ratio. The Credit Parties shall not permit the Consolidated First Lien Leverage Ratio as of the last day of any fiscal quarter of the Consolidated Parties to be greater than: Fiscal Year March 31 June 30 September 30 December 31 2010 N/A N/A 3.75 to 1.0 3.75 to 1.0 2011 3.75 to 1.0 3.75 to 1.0 3.50 to 1.0 3.00 to 1.0 2012 3.00 to 1.0 2.71 to 1.0 2.71 to 1.0 2.00 to 1.0 2013 and thereafter 2.00 to 1.0 2.00 to 1.0 2.00 to 1.0 2.00 to 1.0
Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as of the end of any fiscal quarter set forth in the table below to be greater than the ratio opposite such fiscal quarter end: Fiscal Quarter End Maximum Consolidated First Lien Leverage Ratio December 31, 2006 3.75:1.0 March 31, 2007 3.75:1.0 June 30, 2007 3.75:1.0 September 30, 2007 3.25:1.0 December 31, 2007 3.00:1.0 March 31, 2008 2.75:1.0 June 30, 2008 2.75:1.0 September 30, 2008 and each fiscal quarter end thereafter 2.50:1.0
