Common use of Consolidated Senior Secured Leverage Ratio Clause in Contracts

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio corresponding to such fiscal quarter: Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio September 30, 2011 3.50:1.0 December 31, 2011 3.00:1.0 March 31, 2012 3.00:1.0 June 30, 2012 3.00:1.0 September 30, 2012 3.00:1.0

Appears in 1 contract

Samples: Second Amendment (Acadia Healthcare Company, Inc.)

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Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio corresponding to such fiscal quarter: Fiscal Quarter Ending Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio March 31, 2014 3.50:1.0 June 30, 2014 3.50:1.0 September 30, 2011 2014 3.50:1.0 December 31, 2011 3.00:1.0 2014 3.50:1.0 March 31, 2012 3.00:1.0 2015 3.25:1.0 June 30, 2012 3.00:1.0 2015 3.25:1.0 September 30, 2012 2015 3.25:1.0 December 31, 2015 3.25:1.0 March 31, 2016 and thereafter 3.00:1.0

Appears in 1 contract

Samples: Credit Agreement (Acadia Healthcare Company, Inc.)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end last day of any fiscal quarter of the Borrower Test Period set forth below to be greater than exceed the ratio corresponding to set forth below opposite such fiscal quarterperiod: Maximum Period Ending Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio September 30, 2011 3.50:1.0 December 31, 2011 3.00:1.0 4.25: 1:00 March 31, 2012 3.00:1.0 4.00: 1:00 June 30, 2012 3.00:1.0 3.75: 1:00 September 30, 2012 3.00:1.03.25: 1:00 December 31, 2012 3.00: 1:00 March 31, 2013 3.00: 1:00 June 30, 2013 3.00: 1:00 September 30, 2013 3.00: 1:00 December 31, 2013 and thereafter 3.00: 1:00

Appears in 1 contract

Samples: Credit Agreement (Lin Tv Corp.)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of on the end last day of any fiscal quarter of the Borrower set forth below to be greater than the applicable ratio corresponding to such fiscal quarterset forth in the grid below: Fiscal Quarter Ending Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio September July 2, 2017 through December 30, 2011 3.50:1.0 December 31, 2011 3.00:1.0 2018 3.50 : 1.00 March 31, 2012 3.00:1.0 June 30, 2012 3.00:1.0 September 30, 2012 3.00:1.02019 and thereafter 3.00 :1.00

Appears in 1 contract

Samples: Credit Agreement (Vista Outdoor Inc.)

Consolidated Senior Secured Leverage Ratio. Permit As of the end of each fiscal quarter, permit the Consolidated Senior Secured Leverage Ratio determined as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio corresponding to such fiscal quarterthan: Maximum Consolidated Senior Fiscal Quarter Ending Applicable Period Secured Leverage Ratio Closing Date through December 30, 2007 3.25:1.0 December 31, 2007 through September 29, 2008 3.0:1.0 September 30, 2011 3.50:1.0 December 31, 2011 3.00:1.0 March 31, 2012 3.00:1.0 June 30, 2012 3.00:1.0 September 30, 2012 3.00:1.02008 and thereafter 2.75:1.0

Appears in 1 contract

Samples: Credit Agreement (Euronet Worldwide Inc)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as at any time during any period of the end of any four fiscal quarter quarters of the Borrower set forth below to be greater than the ratio corresponding to set forth below opposite such fiscal quarterperiod: Four Fiscal Quarters Ending Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio September Closing Date through December 30, 2011 3.50:1.0 2006 3.00 to 1.00 December 31, 2011 3.00:1.0 March 31, 2012 3.00:1.0 June 30, 2012 3.00:1.0 September 30, 2012 3.00:1.02006 and each fiscal quarter thereafter 2.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Walter Industries Inc /New/)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio corresponding to set forth below opposite such fiscal quarter: quarter3.25:1.00. Fiscal Quarters Ending Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio Closing Date through June 30, 2015 3.25:1.00 September 30, 2011 3.50:1.0 December 31, 2011 3.00:1.0 March 31, 2012 3.00:1.0 June 30, 2012 3.00:1.0 September 30, 2012 3.00:1.02015 and thereafter 3.00:1.00

Appears in 1 contract

Samples: Credit Agreement (Ascent Capital Group, Inc.)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as on any Business Day during any of the end of any fiscal quarter of the Borrower periods set forth below to be greater than the ratio corresponding to set forth below opposite such fiscal quarterperiod: Twelve Months Ending on the Last Day of Each Month in the Periods Set Forth Below Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio September 30, 2011 3.50:1.0 February 2003 through November 2003 2.00 to 1.00 December 31, 2011 3.00:1.0 March 31, 2012 3.00:1.0 June 30, 2012 3.00:1.0 September 30, 2012 3.00:1.02003 through November 2004 1.50 to 1.00 December 2004 through November 2005 1.25 to 1.00 December 2005 through August 2006 1.00 to 1.00”

Appears in 1 contract

Samples: Credit Agreement (Levi Strauss & Co)

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Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio corresponding to such fiscal quarter: Fiscal Quarter Ending Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio September 30, 2011 3.50:1.0 December 31, 2011 3.00:1.0 March 31, 2012 3.00:1.0 June 30, 2012 3.00:1.0 September 30, 2012 3.00:1.0

Appears in 1 contract

Samples: Termination Agreement (Acadia Healthcare Company, Inc.)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of at the end last day of any period of four consecutive fiscal quarter quarters of the Borrower to exceed the amounts set forth in the table below to be greater than the ratio corresponding to such fiscal quarterfor each date of determination: Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio HN\1529244.10 June 30, 2016 2.80:1.00 September 30, 2011 3.50:1.0 2016 2.80:1.00 December 31, 2011 3.00:1.0 2016 2.80:1.00 March 31, 2012 3.00:1.0 2017 2.80:1.00 June 30, 2012 3.00:1.0 2017 2.20:1.00 September 30, 2012 3.00:1.02017 1.75:1.00 December 31, 2017 and thereafter 1.50:1.00

Appears in 1 contract

Samples: Credit Agreement (Parker Drilling Co /De/)

Consolidated Senior Secured Leverage Ratio. Permit the The Consolidated Senior Secured Leverage Ratio determined as of the end of any fiscal quarter of the Borrower set forth below to Parent shall be greater than the ratio corresponding to set forth opposite such fiscal quarterquarter below: Maximum Consolidated Senior Fiscal Quarter Ending Consolidated Senior Secured Leverage Ratio September 30, 2009 4.50:1.0 December 31, 2009 5.20:1.0 March 31, 2010 6.10:1.0 June 30, 2010 5.20:1.0 September 30, 2010 4.75:1.0 December 31, 2010 4.45:1.0 March 31, 2011 3.50:1.0 4.80:1.0 June 30, 2011 4.55:1.0 September 30, 2011 4.30:1.0 December 31, 2011 3.00:1.0 March 31, 2012 3.00:1.0 June 30, 2012 3.00:1.0 September 30, 2012 3.00:1.0and thereafter 2.50:1.0

Appears in 1 contract

Samples: Georgia Gulf Corp /De/

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as at any time during any period of the end four fiscal quarters of any fiscal quarter of the Borrower set forth below Holdings to be (i) prior to the High Yield Issuance Date, greater than 4.0:1.0 and (ii) from and after the ratio corresponding High Yield Issuance Date, greater than (x) prior to such fiscal quarter: Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio September 30January 10, 2011 3.50:1.0 December 312009, 2011 3.00:1.0 March 313.00:1.00 and (y) from and after January 10, 2012 3.00:1.0 June 302009, 2012 3.00:1.0 September 30, 2012 3.00:1.02.50:1.00.

Appears in 1 contract

Samples: Credit Agreement (Leap Wireless International Inc)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end of at any fiscal quarter of the Borrower time during any period set forth below to be greater than the ratio corresponding to set forth below opposite such fiscal quarterperiod: Four Fiscal Quarters Ending During any Period Below Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio September Closing Date through October 31, 2009 2.30:1.00 November 1, 2009 through October 30, 2010 2.50:1.00 October 31, 2010 through October 29, 2011 2.50:1.00 October 30, 2011 3.50:1.0 December 31, 2011 3.00:1.0 March 31through October 27, 2012 3.00:1.0 June 302.25:1:00 October 28, 2012 3.00:1.0 September 30, 2012 3.00:1.0and thereafter 2.00:1.00

Appears in 1 contract

Samples: Credit Agreement (Brocade Communications Systems Inc)

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