Common use of Consolidated Total Net Leverage Ratio Clause in Contracts

Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

Appears in 6 contracts

Samples: Credit Agreement (Nexstar Broadcasting Group Inc), Credit Agreement (Mission Broadcasting Inc), Credit Agreement (Nexstar Broadcasting Group Inc)

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Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio on as at the last day of any period of four (4) consecutive fiscal quarters of the Group Members, commencing with the fiscal quarter occurring during any period set forth belowending September 30, 2021, to be greater than exceed the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00quarter:

Appears in 2 contracts

Samples: Credit Agreement (Organogenesis Holdings Inc.), Credit Agreement (Organogenesis Holdings Inc.)

Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio on as of the last day of any each fiscal quarter occurring of Holdings ending during any period set forth below, the periods specified below to be greater than the ratio set forth below opposite such periodthan: Period Maximum From and Including To and Including Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 Shall Not Be Greater Than: The fiscal quarter ending December 31, 2014 through and including September 2021 The fiscal quarter ending March 31, 2024 4.00:1.00 The fiscal quarter ending June 30, 2015 6.75:1.00 December 31, 2015 and 2024 Each fiscal quarter ending thereafter 6.50:1.003.75:1.00

Appears in 2 contracts

Samples: Credit Agreement (ATN International, Inc.), Credit Agreement (ATN International, Inc.)

Consolidated Total Net Leverage Ratio. Permit The Parent Borrower shall not permit the Consolidated Total Net Leverage Ratio Ratio, on the last day of any fiscal quarter occurring during any period set forth belowFiscal Quarter, to be greater than the ratio set forth below opposite such periodFiscal Quarter: Period Fiscal Quarters Ending Maximum Consolidated Total Net Leverage Ratio Closing Date through and including to June 27, 2025 4.25:1.00 September 3026, 2014 7.25:1.00 December 312025 to June 26, 2014 through and including 2026 3.75:1.00 September 3025, 2015 6.75:1.00 December 31, 2015 2026 and thereafter 6.50:1.003.50:1.00

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Varex Imaging Corp), Revolving Credit and Guaranty Agreement (Varex Imaging Corp)

Consolidated Total Net Leverage Ratio. Permit Commencing with the last day of the first full fiscal quarter of the Borrower following the Signing Date, permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Initial Draw Date through and including September March 31, 2015 5.50:1.00 June 30, 2014 7.25:1.00 December 31, 2014 2015 through and including September 30, 2015 6.75:1.00 5.25:1.00 December 31, 2015 and thereafter 6.50:1.005.00:1.00

Appears in 1 contract

Samples: Credit Agreement (Media General Inc)

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Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio on As of the last day of any fiscal quarter occurring ending during any period set forth the periods specified below, permit the Consolidated Total Net Leverage Ratio to be greater than the corresponding ratio set forth below opposite such periodbelow: Period Maximum Ratio Closing Date through June 30, 2018 3.50 to 1.00 July 1, 2018 and thereafter 3.25 to 1.00 108 ; provided that, following the date on which a Material Acquisition is consummated, the Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00level at the end of each of the four (4) fiscal quarters following such date shall be increased to 3.75 to 1.00.

Appears in 1 contract

Samples: Assignment and Assumption (Mitel Networks Corp)

Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio on As of the last day of any fiscal quarter occurring ending during any period set forth the periods specified below, permit the Consolidated Total Net Leverage Ratio to be greater than the corresponding ratio set forth below opposite such periodbelow: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including June 30, 2017 3.50 to 1.00 July 1, 2017 through June 30, 2018 4.25 to 1.00 July 1, 2018 through September 30, 2014 7.25:1.00 2018 3.75 to 1.00 October 1, 2018 through December 31, 2014 through and including September 302018 3.50 to 1.00 January 1, 2015 6.75:1.00 December 31, 2015 2019 and thereafter 6.50:1.003.25 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Mitel Networks Corp)

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