Common use of Consolidated Total Leverage Ratio Clause in Contracts

Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 3.75:1.0 for each of the fiscal quarters ending December 31, 2003 and Xxxxx 00, 0000, (xx) 3.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, and (iii) 3.25:1.0 for each fiscal quarter ending thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Navigant International Inc), Credit Agreement (Navigant International Inc)

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Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 3.75:1.0 for each of the fiscal quarters quarter ending December 31on or about January 28, 2003 2006 and Xxxxx 00the fiscal quarter ending on or about April 29, 00002006, 5.00:1.0, (xxii) 3.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, and (iii) 3.25:1.0 for each fiscal quarter ending thereafter, (A) 4.25:1.0 if such fiscal quarter is the third or fourth fiscal quarter of the Borrower’s fiscal year and (B) 5.0:1.0 if such fiscal quarter is the first or second fiscal quarter of the Borrower’s fiscal year.

Appears in 2 contracts

Samples: Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)

Consolidated Total Leverage Ratio. Permit the The Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower to shall be no greater than (i) 3.75:1.0 for each of 5.00 to 1.0 from the Effective Date and continuing through the fiscal quarters quarter ending December 31, 2003 and Xxxxx 00, 00002020, (xxii) 3.50:1.0 4.50 to 1.0 for each of the fiscal quarters quarter ending June 30March 31, 2004, September 30, 2004, 2021 and continuing through the fiscal quarter ending December 31, 20042021, (iii) 4.00 to 1.0 for the fiscal quarter ending March 31, 20052022 and continuing through the fiscal quarter ending December 31, June 30, 2005 and September 30, 2005, 2022 and (iiiiv) 3.25:1.0 3.50 to 1.0 for the fiscal quarter ending March 31, 2023 and for each fiscal quarter ending thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Speedway Motorsports Inc), Credit Agreement (Speedway Motorsports LLC)

Consolidated Total Leverage Ratio. Permit As of the end of each fiscal ---------------------------------- quarter, the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower to shall be not greater than (ia) 3.75:1.0 for each of the fiscal quarters ending December 31, 2003 and Xxxxx 00, 0000, (xx) 3.50:1.0 for each of the fiscal quarters quarter ending June 30, 20042000, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, 3.0:1.0 and (iiib) 3.25:1.0 for each fiscal quarter ending thereafter, 2.5:1.0.

Appears in 1 contract

Samples: Amendment and Waiver (Snyder Communications Inc)

Consolidated Total Leverage Ratio. Permit As of any fiscal quarter ending during the periods specified below, permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 3.75:1.0 for each of the fiscal quarters ending December 31, 2003 corresponding ratio set forth below: Period Maximum Ratio Closing Date and Xxxxx 00, 0000, (xx) 3.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, and (iii) 3.25:1.0 for each fiscal quarter ending thereafter.during Fiscal Year 2013 3.50 to 1.00 Each fiscal quarter ending during Fiscal Year 2014 3.35 to 1.00 Each fiscal quarter ending during Fiscal Year 2015 3.00 to 1.00 Each fiscal quarter ending during Fiscal Year 2016 2.75 to 1.00 Each fiscal quarter thereafter 2.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Merit Medical Systems Inc)

Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 3.75:1.0 for each of the fiscal quarters ending December 31, 2003 and Xxxxx 00, 0000, (xx) 3.50:1.0 for each of the fiscal quarters ending quarter ended on or about June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 303.80:1.0, 2005 and (ii) for the fiscal quarter ending on or about September 30, 2005, and 3.80:1.0, (iii) 3.25:1.0 for the fiscal quarter ending on or about December 31, 2005, 3.60:1.0, (iv) for the fiscal quarter ending on or about March 28, 2006, 3.50:1.0 and (v) for each fiscal quarter ending thereafter., 3.25:1.0. *************

Appears in 1 contract

Samples: Waiver and Consent (Navigant International Inc)

Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower Parent to be greater than (i) 3.75:1.0 for each of the fiscal quarters ending December 31, 2003 and Xxxxx 00, 0000, (xx) 3.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, and (iii) 3.25:1.0 for each fiscal quarter ending during the period from the Closing Date to (and including) the fiscal quarter ending January 31, 2005 and (ii) 3:00:1.0 for the fiscal quarter ending April 30, 2005 and each fiscal quarter ending thereafter.

Appears in 1 contract

Samples: Credit Agreement (C&d Technologies Inc)

Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as As of the end last day of any fiscal quarter of the Borrower Borrower, permit the Consolidated Total Leverage Ratio to be greater than (i) 3.75:1.0 the amount set forth below for each of such fiscal quarter: Applicable Period Maximum Consolidated Total Leverage Ratio From the Closing Date through the fiscal quarters ending December 31quarter ended October 3, 2003 and Xxxxx 00, 0000, (xx) 3.50:1.0 for each of 2020 4.25 to 1.00 From the fiscal quarters ending June 30quarter ended January 2, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, and (iii) 3.25:1.0 for each 2021 through the fiscal quarter ending thereafter.ended April 3, 2021 4.00 to 1.00 From the fiscal quarter ended July 3, 2021 through the fiscal quarter ended October 2, 2021 3.75 to 1.00 From the fiscal quarter ended January 1, 2022 and thereafter 3.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Varex Imaging Corp)

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Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 3.75:1.0 for each of 4.25 to 1.0, beginning with the fiscal quarters quarter ending June 30, 2020 through and including the fiscal quarter ending September 30, 2021, (ii) 4.00 to 1.0, beginning with the fiscal quarter ending December 31, 2003 2021 through and Xxxxx 00, 0000, (xx) 3.50:1.0 for each of including the fiscal quarters quarter ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, 2022 and (iii) 3.25:1.0 for 3.75 to 1.0, beginning with the fiscal quarter ending December 31, 2022 and each fiscal quarter ending thereafter.

Appears in 1 contract

Samples: Credit Agreement (Montrose Environmental Group, Inc.)

Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 3.75:1.0 for each of with respect to the fiscal quarters quarter ending December 31on the last Saturday in January or the last Saturday in April of each year, 2003 and Xxxxx 00, 0000, (xx) 3.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 20054.25:1.0, and (iiiii) 3.25:1.0 for each with respect to the fiscal quarter ending thereafteron the last Saturday in July or the last Saturday in October of each fiscal year, 5.0:1.0.

Appears in 1 contract

Samples: Credit Agreement (School Specialty Inc)

Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 3.75:1.0 for each of the ratio set forth below opposite such fiscal quarters ending quarter: Fiscal Quarter Ended Ratio June 30, 2009 4.50:1.00 September 30, 2009 4.50:1.00 December 31, 2003 and Xxxxx 002009 4.50:1.00 March 31, 0000, (xx) 3.50:1.0 for each of the fiscal quarters ending 2010 4.50:1.00 June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 2010 and September 30, 2005, and (iii) 3.25:1.0 for each fiscal quarter ending thereafter.ended thereafter 4.25:1.00

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Bell Inc)

Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 3.75:1.0 for each of the fiscal quarters quarter ending December 31, 2003 and Xxxxx 00, 0000, (xx) 3.50:1.0 for each of the fiscal quarters ending prior to June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, 4.50:1.0, (ii) for the fiscal quarter ending June 30, 2005 and September 30, 2005, and (iii) 3.25:1.0 for each fiscal quarter ending thereafter, 4.00:1.0.

Appears in 1 contract

Samples: Psychiatric Solutions Inc

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