Common use of Consolidated Senior Leverage Ratio Clause in Contracts

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end of any Fiscal Quarter set forth below to be greater than the ratio set forth opposite such Fiscal Quarter: Fiscal Quarter Ended Consolidated Senior Leverage Ratio September 30, 2008 2.75 to 1.00 December 31, 2008 2.75 to 1.00 March 31, 2009 2.75 to 1.00 June 30, 2009 2.75 to 1.00 September 30, 2009 2.75 to 1.00 December 31, 2009 2.75 to 1.00 March 31, 2010 2.75 to 1.00 June 30, 2010 2.75 to 1.00 September 30, 2010 2.75 to 1.00 December 31, 2010 2.75 to 1.00 March 31, 2011 2.75 to 1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 2.75 to 1.00 March 31, 2012 2.75 to 1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.00

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio Ratio, as of the end of any Fiscal Quarter set forth below (commencing with the first Fiscal Quarter ending after the Closing Date), to be greater than the ratio set forth below opposite the last day of such Fiscal Quarter: Fiscal Quarter Ended Ending Consolidated Senior Leverage Ratio September 30, 2008 2.75 to 1.00 2017 5.50:1.00 December 31, 2008 2.75 to 1.00 2017 5.50:1.00 March 31, 2009 2.75 to 1.00 2018 5.50:1.00 June 30, 2009 2.75 to 1.00 2018 5.50:1.00 September 30, 2009 2.75 to 1.00 2018 5.25:1.00 December 31, 2009 2.75 to 1.00 2018 5.25:1.00 March 31, 2010 2.75 to 1.00 2019 5.25:1.00 June 30, 2010 2.75 to 1.00 2019 5.00:1.00 September 30, 2010 2.75 to 1.00 2019 5.00:1.00 December 31, 2010 2.75 to 1.00 2019 5.00:1.00 March 31, 2011 2.75 to 1.00 2020 4.75:1.00 June 30, 2011 2.75 to 1.00 2020 4.75:1.00 September 30, 2011 2.75 to 1.00 2020 4.75:1.00 December 31, 2011 2.75 to 1.00 2020 4.50:1.00 March 31, 2012 2.75 to 1.00 2021 4.50:1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.002021 4.50:1.00

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of at the end last day of any Fiscal Quarter period of four (4) consecutive fiscal quarters of Holdings and its Subsidiaries ending as set forth below to be greater than exceed the ratio set forth below opposite such Fiscal Quarterperiod: Fiscal Quarter Ended Ending Consolidated Senior Leverage Ratio September 30, 2008 2.75 to 1.00 2021 4.25:1.00 December 31, 2008 2.75 to 1.00 2021 4.00:1.00 March 31, 2009 2.75 to 1.00 2022 3.85:100 June 30, 2009 2.75 to 1.00 2022 3.75:1.00 September 30, 2009 2.75 to 1.00 2022 3.50:1.00 December 31, 2009 2.75 to 1.00 2022 3.25:1.00 ​ ​ ​ 90 ​ ​ March 31, 2010 2.75 to 1.00 2023 3.25:1.00 June 30, 2010 2.75 to 1.00 2023 3.00:1.00 September 30, 2010 2.75 to 1.00 2023 3.00:1.00 December 31, 2010 2.75 to 1.00 2023 2.75:1.00 March 31, 2011 2.75 to 1.00 2024 2.75:1.00 June 30, 2011 2.75 to 1.00 2024 2.50:1.00 September 30, 2011 2.75 to 1.00 2024 2.50:1.00 December 31, 2011 2.75 to 1.00 2024 2.50:1.00 March 31, 2012 2.75 to 1.00 2025 2.50:1.00 June 30, 2012 2.75 to 1.00 2025 2.50:1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.002025 2.50:1.00 ​

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as at the Closing Date (with compliance determined on a pro forma basis as at such date in accordance with the definition of “Consolidated EBITDA”) or at the end of any Fiscal Quarter fiscal quarter occurring during any period set forth below (commencing with the first such fiscal quarter that begins after the Closing Date) to be greater than exceed the ratio set forth below opposite the Closing Date or such Fiscal Quarterperiod, as the case may be: Fiscal Quarter Ended Period Consolidated Senior Leverage Ratio September 30, 2008 2.75 to 1.00 December 31, 2008 2.75 Closing Date 7.50 to 1.00 March 31, 2009 2.75 to 1.00 2008 – June 30, 2009 2.75 7.50 to 1.00 September 30July 1, 2009 2.75 to 1.00 December 31, 2009 2.75 to 1.00 March 31, 2010 2.75 to 1.00 – June 30, 2010 2.75 7.25 to 1.00 September 30July 1, 2010 2.75 to 1.00 December 31, 2010 2.75 to 1.00 – March 31, 2011 2.75 7.00 to 1.00 June 30April 1, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 – December 31, 2011 2.75 6.50 to 1.00 March 31January 1, 2012 2.75 to 1.00 June 30, 2012 2.75 to 1.00 – September 30, 2012 2.75 6.00 to 1.00 December 31October 1, 2012 2.75 and thereafter 5.75 to 1.00

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio Ratio, as of the end of any Fiscal Quarter set forth below (commencing with the first Fiscal Quarter ending after the Closing Date), to be greater than the ratio set forth below opposite the last day of such Fiscal Quarter: 91 Fiscal Quarter Ended Ending Consolidated Senior Leverage Ratio September 30, 2008 2.75 to 1.00 2017 5.50:1.00 December 31, 2008 2.75 to 1.00 2017 5.50:1.00 March 31, 2009 2.75 to 1.00 2018 5.50:1.00 June 30, 2009 2.75 to 1.00 2018 5.50:1.00 September 30, 2009 2.75 to 1.00 2018 5.25:1.00 December 31, 2009 2.75 to 1.00 2018 5.25:1.00 March 31, 2010 2.75 to 1.00 2019 5.25:1.00 June 30, 2010 2.75 to 1.00 2019 5.00:1.00 September 30, 2010 2.75 to 1.00 2019 5.00:1.00 December 31, 2010 2.75 to 1.00 2019 5.00:1.00 March 31, 2011 2.75 to 1.00 2020 4.75:1.00 June 30, 2011 2.75 to 1.00 2020 4.75:1.00 September 30, 2011 2.75 to 1.00 2020 4.75:1.00 December 31, 2011 2.75 to 1.00 2020 4.50:1.00 March 31, 2012 2.75 to 1.00 2021 4.50:1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.002021 4.50:1.00

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of at the end last day of any Fiscal Quarter period of four consecutive fiscal quarters of Holdings ending with any fiscal quarter set forth below to be greater than exceed the ratio set forth below opposite such Fiscal Quarterfiscal quarter: Fiscal Quarter Ended Ending On or About Consolidated Senior Leverage Ratio December 31, 2003 1.50 to 1.00 March 31, 2004 1.50 to 1.00 June 30, 2004 1.50 to 1.00 September 30, 2008 2.75 2004 1.50 to 1.00 December 31, 2008 2.75 2004 1.50 to 1.00 March 31, 2009 2.75 2005 1.50 to 1.00 June 30, 2009 2.75 2005 1.50 to 1.00 September 30, 2009 2.75 2005 1.50 to 1.00 December 31, 2009 2.75 2005 1.50 to 1.00 March 31, 2010 2.75 to 1.00 June 30, 2010 2.75 to 1.00 September 30, 2010 2.75 to 1.00 December 31, 2010 2.75 to 1.00 March 31, 2011 2.75 to 1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 2.75 to 1.00 March 31, 2012 2.75 to 1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 2006 and thereafter 1.25 to 1.00

Consolidated Senior Leverage Ratio. Permit Loan Parties and their Subsidiaries shall maintain, on a consolidated basis, as at the end of each Fiscal Quarter set forth below, a Consolidated Senior Leverage Ratio as of the end of any Fiscal Quarter set forth below to be not greater than the ratio specified for the end of such Fiscal Quarter as set forth opposite such Fiscal Quarterbelow: Fiscal Quarter Ended End Maximum Consolidated Senior Leverage Ratio March 31, 2019 8.15 to 1.00 June 30, 2019 8.15 to 1.00 September 30, 2008 2.75 2019 6.90 to 1.00 December 31, 2008 2.75 2019 6.05 to 1.00 March 31, 2009 2.75 2020 4.50 to 1.00 June 30, 2009 2.75 2020 4.00 to 1.00 September 30, 2009 2.75 2020 3.50 to 1.00 December 31, 2009 2.75 2020 3.00 to 1.00 March 31, 2010 2.75 2021 2.50 to 1.00 June 30, 2010 2.75 2021 2.00 to 1.00 September 30, 2010 2.75 2021 2.00 to 1.00 December 31, 2010 2.75 2021 2.00 to 1.00 March 31, 2011 2.75 2022 2.00 to 1.00 June 30, 2011 2.75 2022 2.00 to 1.00 September 30, 2011 2.75 2022 2.00 to 1.00 December 31, 2011 2.75 2022 2.00 to 1.00 March 31, 2012 2.75 2023 2.00 to 1.00 June 30, 2012 2.75 2023 2.00 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 2023 and each Fiscal Quarter end thereafter (if any) 2.00 to 1.00

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio Ratio, as of the end of any Fiscal Quarter set forth below (commencing with the first Fiscal Quarter ending after the Closing Date), to be greater than the ratio set forth below opposite the last day of such Fiscal Quarter: 90 Fiscal Quarter Ended Ending Consolidated Senior Leverage Ratio September 30, 2008 2.75 to 1.00 2017 5.50:1.00 December 31, 2008 2.75 to 1.00 2017 5.50:1.00 March 31, 2009 2.75 to 1.00 2018 5.50:1.00 June 30, 2009 2.75 to 1.00 2018 5.50:1.00 September 30, 2009 2.75 to 1.00 2018 5.25:1.00 December 31, 2009 2.75 to 1.00 2018 5.25:1.00 March 31, 2010 2.75 to 1.00 2019 5.25:1.00 June 30, 2010 2.75 to 1.00 2019 5.00:1.00 September 30, 2010 2.75 to 1.00 2019 5.00:1.00 December 31, 2010 2.75 to 1.00 2019 5.00:1.00 March 31, 2011 2.75 to 1.00 2020 4.75:1.00 June 30, 2011 2.75 to 1.00 2020 4.75:1.00 September 30, 2011 2.75 to 1.00 2020 4.75:1.00 December 31, 2011 2.75 to 1.00 2020 4.50:1.00 March 31, 2012 2.75 to 1.00 2021 4.50:1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.002021 4.50:1.00

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of at the end last day of any Fiscal Quarter period of four consecutive fiscal quarters of Borrower and its Subsidiaries ending as set forth below to be greater than exceed the ratio set forth below opposite such Fiscal Quarterperiod: ​ ​ 84 ​ ​ ​ ​​ Fiscal Quarter Ended Ending Consolidated Senior Leverage Ratio ​ ​ September 30, 2008 2.75 to 1.00 2019 2.25:1.00 December 31, 2008 2.75 to 1.00 2019 2.25:1.00 March 31, 2009 2.75 to 1.00 2020 2.25:1.00 June 30, 2009 2.75 to 1.00 2020 2.25:1.00 September 30, 2009 2.75 to 1.00 2020 2.25:1.00 December 31, 2009 2.75 to 1.00 2020 2.00:1.00 March 31, 2010 2.75 to 1.00 2021 2.00:1.00 June 30, 2010 2.75 to 1.00 2021 2.00:1.00 September 30, 2010 2.75 to 1.00 2021 2.00:1.00 December 31, 2010 2.75 to 1.00 2021 1.75:1.00 March 31, 2011 2.75 to 1.00 2022 1.75:1.00 June 30, 2011 2.75 to 1.00 2022 1.75:1.00 September 30, 2011 2.75 to 1.00 2022 1.50:1.00 December 31, 2011 2.75 to 1.00 2022 1.50:1.00 March 31, 2012 2.75 to 1.00 2023 1.50:1.00 June 30, 2012 2.75 to 1.00 2023 1.50:1.00 September 30, 2012 2.75 to 1.00 2023 1.50:1.00 December 31, 2012 2.75 to 1.002023 1.50:1.00 March 31, 2024 1.50:1.00 June 30, 2024 and thereafter 1.50:1.00 ​

Consolidated Senior Leverage Ratio. Permit The Issuers will not permit, as at the end of each Fiscal Quarter set forth below, the Consolidated Senior Leverage Ratio as of the end of any Fiscal Quarter set forth below to be greater than exceed the ratio set forth opposite shown below for such date: Four Fiscal Quarter: Fiscal Quarter Ended Quarters Ending On Consolidated Senior Leverage Ratio ------------------------------ ---------------------------------- December 31, 2003 3.55: 1.00 March 31, 2004 3.30: 1.00 June 30, 2004 3.05: 1.00 September 30, 2008 2.75 to 2004 2.95: 1.00 December 31, 2008 2.75 to 2004 2.75: 1.00 March 31, 2009 2.75 to 2005 2.75: 1.00 June 30, 2009 2.75 to 2005 2.50: 1.00 September 30, 2009 2.75 to 2005 2.20: 1.00 December 31, 2009 2.75 to 2005 1.95: 1.00 March 31, 2010 2.75 to 2006 1.95: 1.00 June 30, 2010 2.75 to 2006 1.65: 1.00 September 30, 2010 2.75 to 2006 1.65: 1.00 December 31, 2010 2.75 to 2006 1.50: 1.00 March 31, 2011 2.75 to 2007 1.50: 1.00 June 30, 2011 2.75 to 2007 1.40: 1.00 September 30, 2011 2.75 to 2007 1.40: 1.00 December 31, 2011 2.75 to 2007 1.40: 1.00 March 31, 2012 2.75 to 2008 1.40: 1.00 June 30, 2012 2.75 to 2008 and the last day of each Fiscal 1.10: 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.00Quarter thereafter

Consolidated Senior Leverage Ratio. Permit the The Consolidated Senior Leverage Ratio as of the end of any Fiscal Quarter set forth below to shall not be greater than the ratio amount set forth opposite such below at any time, in each case, other than as set forth in the definition thereof, with respect to the most recent period of four Fiscal Quarter: Quarters then ended (starting at the time that the financial statements for the most recent four Fiscal Quarter Quarters ended March 31, 2017 are required to have been delivered hereunder (or have been so delivered, if earlier)): Four Fiscal Quarters Ended Consolidated Senior Leverage Ratio March 31, 2017 5.00:1.00 June 30, 2017 5.00:1.00 September 30, 2008 2.75 to 1.00 2017 5.00:1.00 December 31, 2008 2.75 to 1.00 2017 5.00:1.00 March 31, 2009 2.75 to 1.00 2018 5.00:1.00 June 30, 2009 2.75 to 1.00 2018 5.00:1.00 September 30, 2009 2.75 to 1.00 2018 5.00:1.00 December 31, 2009 2.75 to 1.00 2018 5.00:1.00 March 31, 2010 2.75 to 1.00 2019 2.50:1.00 June 30, 2010 2.75 to 1.00 2019 2.50:1.00 September 30, 2010 2.75 to 1.00 2019 2.50:1.00 December 31, 2010 2.75 to 1.00 2019 2.50:1.00 March 31, 2011 2.75 to 1.00 2020 2.50:1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 2.75 to 1.00 March 31, 2012 2.75 to 1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.002020 2.50:1.00

Consolidated Senior Leverage Ratio. Permit the The Consolidated Senior Leverage Ratio as of the end of any Fiscal Quarter set forth below to shall not be greater than the ratio amount set forth opposite such below at any time, in each case, other than as set forth in the definition thereof, with respect to the most recent period of four Fiscal Quarter: Quarters then ended (starting at the time that the financial statements for the most recent four Fiscal Quarter Quarters ended March 31, 2018 are required to have been delivered hereunder (or have been so delivered, if earlier)): Four Fiscal Quarters Ended Consolidated Senior Leverage Ratio March 31, 2018 5.00:1.00 June 30, 2018 5.00:1.00 September 30, 2008 2.75 to 1.00 2018 5.00:1.00 December 31, 2008 2.75 to 1.00 2018 5.00:1.00 March 31, 2009 2.75 to 1.00 2019 2.50:1.00 June 30, 2009 2.75 to 1.00 2019 2.50:1.00 September 30, 2009 2.75 to 1.00 2019 2.50:1.00 December 31, 2009 2.75 to 1.00 2019 2.50:1.00 March 31, 2010 2.75 to 1.00 2020 2.50:1.00 June 30, 2010 2.75 to 1.00 September 30, 2010 2.75 to 1.00 December 31, 2010 2.75 to 1.00 March 31, 2011 2.75 to 1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 2.75 to 1.00 March 31, 2012 2.75 to 1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.002020 2.50:1.00

Consolidated Senior Leverage Ratio. Permit the The Consolidated Senior Leverage Ratio as of the end of any Fiscal Quarter set forth below to shall not be greater than the ratio amount set forth opposite such below at any time, in each case, other than as set forth in the definition thereof, with respect to the most recent period of four Fiscal Quarter: Quarters then ended (starting at the time that the financial statements for the most recent four Fiscal Quarter Quarters ended June 30, 2017 are required to have been delivered hereunder (or have been so delivered, if earlier)): Four Fiscal Quarters Ended Consolidated Senior Leverage Ratio June 30, 2017 5.00:1.00 September 30, 2008 2.75 to 1.00 2017 5.00:1.00 December 31, 2008 2.75 to 1.00 2017 5.00:1.00 March 31, 2009 2.75 to 1.00 2018 5.00:1.00 June 30, 2009 2.75 to 1.00 2018 5.00:1.00 September 30, 2009 2.75 to 1.00 2018 5.00:1.00 December 31, 2009 2.75 to 1.00 2018 5.00:1.00 March 31, 2010 2.75 to 1.00 2019 2.50:1.00 June 30, 2010 2.75 to 1.00 2019 2.50:1.00 September 30, 2010 2.75 to 1.00 2019 2.50:1.00 December 31, 2010 2.75 to 1.00 2019 2.50:1.00 March 31, 2011 2.75 to 1.00 2020 2.50:1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 2.75 to 1.00 March 31, 2012 2.75 to 1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.002020 2.50:1.00

Consolidated Senior Leverage Ratio. Permit As of the end of each fiscal ---------------------------------- quarter set forth below, the Consolidated Senior Leverage Ratio as of the end of any Fiscal Quarter set forth below to shall be not greater than the ratio set forth opposite such Fiscal Quarterthan: Fiscal Quarter Ended Consolidated Senior Leverage Ratio Ending --------------------- June 30, 2001 2.40:1.00 September 30, 2008 2.75 to 1.00 2001 2.40:1.00 December 31, 2008 2.75 to 1.00 2001 2.40:1.00 March 31, 2009 2.75 to 1.00 2002 2.30:1.00 June 30, 2009 2.75 to 1.00 2002 2.30:1.00 -84- September 30, 2009 2.75 to 1.00 2002 2.30:1.00 December 31, 2009 2.75 to 1.00 2002 2.30:1.00 March 31, 2010 2.75 to 1.00 2003 2.10:1.00 June 30, 2010 2.75 to 1.00 2003 2.10:1.00 September 30, 2010 2.75 to 1.00 2003 2.10:1.00 December 31, 2010 2.75 to 1.00 2003 2.10:1.00 March 31, 2011 2.75 to 1.00 2004 1.90:1.00 June 30, 2011 2.75 to 1.00 2004 1.90:1.00 September 30, 2011 2.75 to 1.00 2004 1.90:1.00 December 31, 2011 2.75 to 1.00 2004 1.90:1.00 March 31, 2012 2.75 to 1.00 2005 1.60:1.00 June 30, 2012 2.75 to 1.00 2005 1.60:1.00 September 30, 2012 2.75 to 1.00 2005 1.60:1.00 December 31, 2012 2.75 to 1.002005 1.60:1.00 March 31, 2006 and thereafter 1.50:1.00

Consolidated Senior Leverage Ratio. Permit the The Consolidated Senior Leverage Ratio as of the end of any Fiscal Quarter set forth below to shall not be greater than the ratio amount set forth opposite such below at any time, in each case, other than as set forth in the definition thereof, with respect to the most recent period of four Fiscal Quarter: Quarters then ended (starting at the time that the financial statements for the most recent four Fiscal Quarter Quarters ended June 30, 2019 are required to have been delivered hereunder (or have been so delivered, if earlier)): Four Fiscal Quarters Ended Consolidated Senior Leverage Ratio June 30, 2019 10.00:1.00 September 30, 2008 2.75 to 1.00 2019 10.00:1.00 December 31, 2008 2.75 to 1.00 2019 8.00:1.00 March 31, 2009 2.75 to 1.00 2020 7.00:1.00 June 30, 2009 2.75 to 1.00 September 30, 2009 2.75 to 1.00 December 31, 2009 2.75 to 1.00 March 31, 2010 2.75 to 1.00 June 30, 2010 2.75 to 1.00 September 30, 2010 2.75 to 1.00 December 31, 2010 2.75 to 1.00 March 31, 2011 2.75 to 1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 2.75 to 1.00 March 31, 2012 2.75 to 1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.002020 7.00:1.00

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of at the end of any Fiscal Quarter fiscal quarter of Trean ending on or after June 30, 2020 to exceed the applicable ratio set forth below to be greater than the ratio set forth opposite such Fiscal Quarterfiscal quarter: Fiscal Quarter Ended Ending Consolidated Senior Leverage Ratio June 30, 2020 through September 30, 2008 2.75 2020 4.25 to 1.00 December 31, 2008 2.75 to 1.00 2020 through March 31, 2009 2.75 2021 4.00 to 1.00 June 30, 2009 2.75 to 1.00 September 30, 2009 2.75 to 1.00 December 31, 2009 2.75 to 1.00 2021 through March 31, 2010 2.75 2022 3.75 to 1.00 June 30, 2010 2.75 to 1.00 September 30, 2010 2.75 to 1.00 December 31, 2010 2.75 to 1.00 2022 through March 31, 2011 2.75 2023 3.50 to 1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 2.75 to 1.00 2023 through March 31, 2012 2.75 2024 3.25 to 1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 2024 and each fiscal quarter thereafter 3.00 to 1.00

Consolidated Senior Leverage Ratio. Permit the The Consolidated Senior Leverage Ratio as of the end of any Fiscal Quarter set forth below to shall not be greater than the ratio amount set forth opposite such below at any time, in each case, other than as set forth in the definition thereof, with respect to the most recent period of four Fiscal Quarter: Quarters then ended (starting at the time that the financial statements for the most recent four Fiscal Quarter Quarters ended September 30, 2017 are required to have been delivered hereunder (or have been so delivered, if earlier)): Four Fiscal Quarters Ended Consolidated Senior Leverage Ratio September 30, 2008 2.75 to 1.00 2017 5.00:1.00 December 31, 2008 2.75 to 1.00 2017 5.00:1.00 March 31, 2009 2.75 to 1.00 2018 5.00:1.00 June 30, 2009 2.75 to 1.00 2018 5.00:1.00 September 30, 2009 2.75 to 1.00 2018 5.00:1.00 December 31, 2009 2.75 to 1.00 2018 5.00:1.00 March 31, 2010 2.75 to 1.00 2019 2.50:1.00 June 30, 2010 2.75 to 1.00 2019 2.50:1.00 September 30, 2010 2.75 to 1.00 2019 2.50:1.00 December 31, 2010 2.75 to 1.00 2019 2.50:1.00 March 31, 2011 2.75 to 1.00 2020 2.50:1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 2.75 to 1.00 March 31, 2012 2.75 to 1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.002020 2.50:1.00

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of at the end last day of any Fiscal Quarter period of four consecutive fiscal quarters of Borrower and its Subsidiaries ending as set forth below to be greater than exceed the ratio set forth below opposite such Fiscal Quarterperiod: ​ Fiscal Quarter Ended Ending Consolidated Senior Leverage Ratio ​ ​ September 30, 2008 2.75 to 1.00 2019 2.25:1.00 December 31, 2008 2.75 to 1.00 2019 2.25:1.00 ​ ​ 84 Fiscal Quarter Ending Consolidated Senior Leverage Ratio ​ ​ March 31, 2009 2.75 to 1.00 2020 2.25:1.00 June 30, 2009 2.75 to 1.00 2020 2.25:1.00 September 30, 2009 2.75 to 1.00 2020 2.25:1.00 December 31, 2009 2.75 to 1.00 2020 2.00:1.00 March 31, 2010 2.75 to 1.00 2021 2.00:1.00 June 30, 2010 2.75 to 1.00 2021 2.00:1.00 September 30, 2010 2.75 to 1.00 2021 2.00:1.00 December 31, 2010 2.75 to 1.00 2021 1.75:1.00 March 31, 2011 2.75 to 1.00 2022 1.75:1.00 June 30, 2011 2.75 to 1.00 2022 1.75:1.00 September 30, 2011 2.75 to 1.00 2022 1.50:1.00 December 31, 2011 2.75 to 1.00 2022 1.50:1.00 March 31, 2012 2.75 to 1.00 2023 1.50:1.00 June 30, 2012 2.75 to 1.00 2023 1.50:1.00 September 30, 2012 2.75 to 1.00 2023 1.50:1.00 December 31, 2012 2.75 to 1.002023 1.50:1.00 March 31, 2024 1.50:1.00 June 30, 2024 and thereafter 1.50:1.00 ​

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of at the end last day of any Fiscal Quarter period of four consecutive fiscal quarters of Holdings ending with any fiscal quarter set forth below to be greater than exceed the ratio set forth below opposite such Fiscal Quarterfiscal quarter: Fiscal Quarter Ended Ending On or About Consolidated Senior Leverage Ratio June 30, 2004 3.25 to 1.00 September 30, 2008 2.75 2004 3.25 to 1.00 December 31, 2008 2.75 2004 3.25 to 1.00 March 31, 2009 2.75 2005 3.25 to 1.00 June 30, 2009 2.75 2005 3.25 to 1.00 September 30, 2009 2.75 2005 3.25 to 1.00 December 31, 2009 2.75 2005 3.25 to 1.00 March 31, 2010 2.75 2006 3.00 to 1.00 June 30, 2010 2.75 2006 3.00 to 1.00 September 30, 2010 2.75 2006 3.00 to 1.00 December 31, 2010 2.75 2006 3.00 to 1.00 March 31, 2011 2.75 to 1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 2.75 to 1.00 March 31, 2012 2.75 to 1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2007 and thereafter 2.75 to 1.00

Consolidated Senior Leverage Ratio. Permit the The Consolidated Senior Leverage Ratio as of the end of any Fiscal Quarter set forth below to shall not be greater than the ratio amount set forth opposite such below at any time, in each case, other than as set forth in the definition thereof, with respect to the most recent period of four Fiscal Quarter: Quarters then ended (starting at the time that the financial statements for the most recent four Fiscal Quarter Quarters ended December 31, 2017 are required to have been delivered hereunder (or have been so delivered, if earlier)): Four Fiscal Quarters Ended Consolidated Senior Leverage Ratio December 31, 2017 5.00:1.00 March 31, 2018 5.00:1.00 June 30, 2018 5.00:1.00 September 30, 2008 2.75 to 1.00 2018 5.00:1.00 December 31, 2008 2.75 to 1.00 2018 5.00:1.00 March 31, 2009 2.75 to 1.00 2019 2.50:1.00 June 30, 2009 2.75 to 1.00 2019 2.50:1.00 September 30, 2009 2.75 to 1.00 2019 2.50:1.00 December 31, 2009 2.75 to 1.00 2019 2.50:1.00 March 31, 2010 2.75 to 1.00 2020 2.50:1.00 June 30, 2010 2.75 to 1.00 September 30, 2010 2.75 to 1.00 December 31, 2010 2.75 to 1.00 March 31, 2011 2.75 to 1.00 June 30, 2011 2.75 to 1.00 September 30, 2011 2.75 to 1.00 December 31, 2011 2.75 to 1.00 March 31, 2012 2.75 to 1.00 June 30, 2012 2.75 to 1.00 September 30, 2012 2.75 to 1.00 December 31, 2012 2.75 to 1.002020 2.50:1.00