Common use of Consolidated First Lien Leverage Ratio Clause in Contracts

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”

Appears in 1 contract

Samples: Credit Agreement (Paperweight Development Corp)

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Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as of at the last day of any fiscal quarter period of Holdings ending during any period set forth below, for the four (4) consecutive fiscal quarters of Holdings ending on such date, beginning with the any fiscal quarter of Holdings ending December 31, 2016, set forth below to exceed the ratio set forth below opposite such periodfiscal quarter: Period Ending on the Fiscal Quarter Ended on the Date Below Consolidated First Lien Leverage Ratio December 31, 2016 3.50 2005 4.00 to 1.00 March 31, 2017 3.60 2006 4.00 to 1.00 June 30, 2017 3.50 2006 4.00 to 1.00 September 30, 2017 3.25 2006 4.00 to 1.00 December 31, 2017 3.25 2006 3.75 to 1.00 March 31, 2018 3.25 2007 3.00 to 1.00 June 30, 2018 3.25 2007 3.00 to 1.00 Anytime thereafter September 30, 2007 3.00 to 1.00 December 31, 2007 3.00 to 1.00 March 31, 2008 2.50 to 1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.00 to 1.00 June 30, 2009 2.00 to 1.00 September 30, 2009 2.00 to 1.00 December 31, 2009 2.00 to 1.00 March 31, 2010 1.75 to 1.00 June 30, 2010 1.75 to 1.00 September 30, 2010 1.75 to 1.00 December 31, 2010 1.75 to 1.00 March 31, 2011 and thereafter 1.25 to 1.00

Appears in 1 contract

Samples: Credit Agreement (FGX International Holdings LTD)

Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as of the last day of at any fiscal quarter of Holdings ending time during any period set forth below, for below which ends on or after the four (4) fiscal quarters of Holdings ending on such date, beginning with the fiscal quarter of Holdings ending December 31, 2016, Covenant Trigger Date to exceed be greater than the ratio set forth below opposite such period: Period Four Fiscal Quarters Ending on the Maximum First Lien Leverage Ratio March 31, 2007 through September 30, 2007 4.50:1.00 December 31, 2007 4.30:1.00 March 31, 2008 4.20:1.00 June 30, 2008 4.00:1.00 September 30, 2008 3.90:1.00 December 31, 2008 3.80:1.00 March 31, 2009 3.60:1.00 June 30, 2009 3.40:1.00 September 30, 2009 3.20:1.00 December 31, 2009 3.10:1.00 March 31, 2010 3.00:1.00 June 30, 2010 2.80:1.00 September 30, 2010 2.70:1.00 December 31, 2010 2.60:1.00 March 31, 2011 2.50:1.00 June 30, 2011 2.40:1.00 September 30, 2011 2.30:1.00 Four Fiscal Quarter Ended on the Date Below Consolidated Quarters Ending Maximum First Lien Leverage Ratio December 31, 2016 3.50 to 1.00 2011 2.10:1.00 March 31, 2017 3.60 to 1.00 2012 2.00:1.00 June 30, 2017 3.50 to 1.00 2012 1.80:1.00 September 30, 2017 3.25 to 1.00 2012 1.60:1.00 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”2012 1.50:1.00

Appears in 1 contract

Samples: First Lien Senior Secured Credit Agreement (WII Components, Inc.)

Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as of at the last day of any fiscal quarter period of Holdings ending during any period set forth below, for the four (4) consecutive fiscal quarters of Holdings the Borrower ending on such date, beginning with the any fiscal quarter of Holdings ending December 31, 2016, set forth below to exceed the ratio set forth below opposite such periodfiscal quarter: Period Ending on the Fiscal Quarter Ended on the Date Below Consolidated First Lien Leverage Ratio March 31, 2006 2.75 to 1:00 June 30, 2006 2.75 to 1:00 September 30, 2006 2.75 to 1:00 December 31, 2016 3.50 2006 2.50 to 1.00 1:00 March 31, 2017 3.60 2007 2.50 to 1.00 1:00 June 30, 2017 3.50 2007 2.50 to 1.00 1:00 September 30, 2017 3.25 2007 2.25 to 1.00 1:00 December 31, 2017 3.25 2007 2.25 to 1.00 1:00 March 31, 2018 3.25 2008 2.25 to 1.00 1:00 June 30, 2018 3.25 2008 2.25 to 1.00 Anytime thereafter 3.00 1:00 September 30, 2008 2.25 to 1.00”1:00 December 31, 2008 2.25 to 1:00 March 31, 2009 2.25 to 1:00 June 30, 2009 2.25 to 1:00 September 30, 2009 2.25 to 1:00 December 31, 2009 2.25 to 1:00 March 31, 2010 2.25 to 1:00 June 30, 2010 2.25 to 1:00 September 30, 2010 2.25 to 1:00 December 31, 2010 2.25 to 1:00 March 30, 2011 2.25 to 1:00

Appears in 1 contract

Samples: Credit Agreement (New World Restaurant Group Inc)

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Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as of at the last day of any fiscal quarter period of Holdings ending during any period set forth below, for the four (4) consecutive fiscal quarters of Holdings the Borrower ending on such date, beginning with the any fiscal quarter of Holdings ending December 31, 2016, set forth below to exceed the ratio set forth below opposite such periodfiscal quarter: Period Ending on the Fiscal Quarter Ended on the Date Below Consolidated First Lien Leverage Ratio March 31, 2006 2.50 to 1:00 June 30, 2006 2.50 to 1:00 September 30, 2006 2.50 to 1:00 December 31, 2016 3.50 2006 2.25 to 1.00 1:00 March 31, 2017 3.60 2007 2.25 to 1.00 1:00 June 30, 2017 3.50 2007 2.25 to 1.00 1:00 September 30, 2017 3.25 2007 2.00 to 1.00 1:00 December 31, 2017 3.25 2007 2.00 to 1.00 1:00 March 31, 2018 3.25 2008 2.00 to 1.00 1:00 June 30, 2018 3.25 2008 2.00 to 1.00 Anytime thereafter 3.00 1:00 September 30, 2008 2.00 to 1.00”1:00 December 31, 2008 2.00 to 1:00 March 31, 2009 2.00 to 1:00 June 30, 2009 2.00 to 1:00 September 30, 2009 2.00 to 1:00 December 31, 2009 2.00 to 1:00 March 31, 2010 2.00 to 1:00 June 30, 2010 2.00 to 1:00 September 30, 2010 2.00 to 1:00 December 31, 2010 2.00 to 1:00 March 30, 2011 2.00 to 1:00

Appears in 1 contract

Samples: Credit Agreement (New World Restaurant Group Inc)

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