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 falling in any period set forth below to be in excess of the ratio set forth below for such period: Period Ratio ------ ----- April 1, 2002 through March 31, 2003 4.75 to 1.00 April 1, 2003 through March 31, 2004 4.50 to 1.00 April 1, 2004 through March 31, 2005 4.25 to 1.00 Thereafter 4.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (American Commercial Lines LLC)

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Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end of any fiscal quarter falling in any period set forth below (calculated for each four consecutive fiscal quarter period) of the Borrower to be in excess of greater than the ratio set forth below for opposite such period: Period Four Fiscal Maximum Consolidated Quarters Ending Senior Leverage Ratio ------ ----- April 1--------------- --------------------- Closing Date through 2.75 to 1.00 December 31, 2002 through 2006 March 31, 2003 4.75 to 1.00 April 1, 2003 through March 31, 2004 4.50 to 1.00 April 1, 2004 through March 31, 2005 4.25 to 1.00 Thereafter 4.00 2007 and each 2.50 to 1.00" fiscal quarter thereafter

Appears in 1 contract

Samples: Polymedica Corp

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of at the end of any fiscal quarter falling in any period set forth below of Holdings ending on or after June 30, 2020 to be in excess of exceed the applicable ratio set forth below for opposite such periodfiscal quarter: Period Fiscal Quarter Ending Consolidated Senior Leverage Ratio ------ ----- April 1December 31, 2002 2020 through March 31, 2003 4.75 2021 4.00 to 1.00 April 1June 30, 2003 2021 through March 31, 2004 4.50 2022 3.75 to 1.00 April 1June 30, 2004 2022 through March 31, 2005 4.25 2023 3.50 to 1.00 Thereafter 4.00 June 30, 2023 through March 31, 2024 3.25 to 1.00 June 30, 2024 and each fiscal quarter thereafter 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Trean Insurance Group, Inc.)

Consolidated Senior Leverage Ratio. Permit the Consolidated ---------------------------------- Senior Leverage Ratio as of the end of on any fiscal quarter falling in day during any period set forth below to be in excess of exceed the ratio set forth below for opposite such period: Consolidated Senior Period Leverage Ratio ------ ----- April -------------- January 1, 2000 to December 31, 2000 1.50 to 1.00 January 1, 2000 to December 31, 2001 1.25 to 1.00 January 1, 2002 through March 31, 2003 4.75 to 1.00 April 1, 2003 through March 31September 30, 2004 4.50 to 1.00 April 1, 2004 through March 31, 2005 4.25 to 1.00 Thereafter 4.00 to 1.00

Appears in 1 contract

Samples: Coaxial Financing Corp

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the end of Borrower ending with any fiscal quarter falling in any period set forth below to be in excess of exceed the ratio set forth below for opposite such periodfiscal quarter: Period Consolidated Fiscal Quarter Senior Leverage Ratio ------ ----- April 1, 2002 through March 31, 2003 4.75 to 1.00 April 1, 2003 through March 31, 2004 4.50 to 1.00 April 1, 2004 through – March 31, 2005 2007 4.25 to 1.00 Thereafter 1.0 June 30, 2007 and thereafter 4.00 to 1.001.0

Appears in 1 contract

Samples: Second Amendment (Extendicare Health Services Inc)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of at the end of any fiscal quarter falling in any period set forth below of Holdings ending on or after June 30, 2020 to be in excess of exceed the applicable ratio set forth below for opposite such periodfiscal quarter: Period 78 Fiscal Quarter Ending ConsolidatedSenior Leverage Ratio ------ ----- April 1December 31, 2002 2020 through March 31, 2003 4.75 2021 4.00 to 1.00 April 1June 30, 2003 2021 through March 31, 2004 4.50 2022 3.75 to 1.00 April 1June 30, 2004 2022 through March 31, 2005 4.25 2023 3.50 to 1.00 Thereafter 4.00 June 30, 2023 through March 31, 2024 3.25 to 1.00 June 30, 2024 and each fiscal quarter thereafter 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Trean Insurance Group, Inc.)

Consolidated Senior Leverage Ratio. Permit the Consolidated ---------------------------------- Senior Leverage Ratio as at the last day of the end any period of four consecutive fiscal quarters of Holdings ending with any fiscal quarter falling in any period set forth below to be in excess of exceed the ratio set forth below for opposite such periodfiscal quarter: Period Fiscal Year Fiscal Quarter Ratio ------ ----------- -------------- ----- April 1, 2002 through March 31, 2003 4.75 2000 Fourth 2.35 to 1.00 April 1, 2003 through March 31, 2004 4.50 2001 First 2.45 to 1.00 April 1, 2004 through March 31, 2005 4.25 Second 2.55 to 1.00 Thereafter 4.00 Third 1.70 to 1.00 Fourth 1.60 to 1.00 2002 First 1.60 to 1.00 Second 1.60 to 1.00 Third 1.60 to 1.00 Fourth 1.60 to 1.00 2003 First 1.60 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Ifco Systems Nv)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as for any period of four consecutive fiscal quarters of the end of Borrower ending with any fiscal quarter falling in any period set forth below to be in excess of exceed the ratio set forth below for opposite such periodfiscal quarter: Period Fiscal Quarters Ending Consolidated Senior Leverage Ratio ------ ----- April 1, 2002 through March 31June 30, 2003 4.75 to 1.00 April 12.25 September 30, 2003 through 2.25 December 30, 2003 2.25 March 31, 2004 4.50 to 1.00 April 1, 2004 through March 31, 2005 4.25 to 1.00 Thereafter 4.00 to 1.00and thereafter 2.00

Appears in 1 contract

Samples: Credit Agreement (Mq Associates Inc)

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Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the end of Borrower ending with any fiscal quarter falling in any period set forth below to be in excess of exceed the ratio set forth below for opposite such periodfiscal quarter: Period Consolidated Fiscal Quarter Senior Leverage Ratio ------ ----- April 1, 2002 through March 31, 2003 4.75 to 1.00 April 1, 2003 through ----------------------------- ---------------------- March 31, 2004 4.50 to 1.00 April 1, 2004 through - March 31, 2005 2007 4.25 to 1.00 Thereafter 1.0 June 30, 2007 and thereafter 4.00 to 1.001.0

Appears in 1 contract

Samples: Credit Agreement (Villa Pines Care LLC)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end of any fiscal quarter falling in any period set forth below of the Borrower to be in excess of greater than the ratio set forth indicated below for such periodthe respective periods shown: Period Consolidated Senior Fiscal Quarters Ending Leverage Ratio ------ ----- April 1, 2002 through ---------------------- ------------------- March 31, 2003 4.75 2006 through June 30, 2006 4.0 to 1.00 April 11.0 September 30, 2003 2006 through December 31, 2006 3.5 to 1.0 March 31, 2004 4.50 2007 through December 31, 2007 3.0 to 1.00 April 1, 2004 through 1.0 March 31, 2005 4.25 2008 and thereafter 2.5 to 1.00 Thereafter 4.00 to 1.001.0

Appears in 1 contract

Samples: Credit Agreement (Per Se Technologies Inc)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as at any time during any period of four fiscal quarters of the end of any fiscal quarter falling in any period Borrower set forth below to be in excess of greater than the ratio set forth below for opposite such period: Period Four Fiscal Quarters Ending Maximum Consolidated Senior Leverage Ratio ------ ----- April 1, 2002 Closing Date through March 31, 2003 4.75 to 1.00 April 1, 2003 through March 31, 2004 4.50 to 1.00 April 1, 2004 through March 31September 30, 2005 4.25 to 1.00 Thereafter 1.0 December 31, 2005 and each fiscal quarter thereafter 4.00 to 1.001.0

Appears in 1 contract

Samples: Bridge Loan Agreement (Copano Energy, L.L.C.)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as for any period of the end of four consecutive fiscal quarters ending with any fiscal quarter falling in ending during any period Fiscal Year set forth below to be in excess of exceed the ratio set forth below for opposite such periodFiscal Year: Period Consolidated Senior Fiscal Year Leverage Ratio ------ ----- April 1, 2002 through March 31, 2003 4.75 ----------- -------------- 2004 2.25 to 1.00 April 1, 2003 through March 31, 2004 4.50 2005 2.25 to 1.00 April 1, 2004 through March 31, 2005 4.25 2006 2.00 to 1.00 Thereafter 4.00 2007 1.85 to 1.00 2008 1.75 to 1.00 2009 1.50 to 1.00 2010 1.50 to 1.00 2011 1.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Cinemark Usa Inc /Tx)

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