Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of the Test Period ending on March 31, 2021 and as of the last day of any Test Period ending thereafter to be greater than 3.00 to 1.00.
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Samples: Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)
Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of any Reference Period commencing with the Test Period fiscal quarter ending on March 31June 30, 2021 and as of the last day of any Test Period ending thereafter 2020 to be greater than 3.00 3.50 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Clear Secure, Inc.), Credit Agreement (Clear Secure, Inc.)
Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of the Test Period ending on March 31, 2021 2023 and as of the last day of any Test Period ending thereafter to be greater than 3.00 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)
Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio (a) as of the last day of the any Test Period ending on or prior to March 31, 2021 and to be greater than 4.00:1.00, or (b) as of the last day of any Test Period ending thereafter to be greater than 3.00 to 1.003.50:1.00.
Appears in 2 contracts
Samples: Credit Agreement (Vine Energy Inc.), Second Lien Credit Agreement (Vine Energy Inc.)
Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of the Test Period ending on March 31, 2021 2020 and as of the last day of any Test Period ending thereafter to be greater than 3.00 3.50 to 1.00.
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Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of the Test Period ending on March December 31, 2021 2018 and as of the last day of any Test Period ending thereafter to be greater than 3.00 4.00 to 1.00.
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Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as for any period of four consecutive fiscal quarters of the last day Borrower ending on any date during any Test Period, beginning at the end of the Test Period first full fiscal quarter ending on March 31after the Closing Date, 2021 and as of the last day of any Test Period ending thereafter to be greater than 3.00 exceed 6.00 to 1.00.
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Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of any Reference Period commencing with the Test Period fiscal quarter ending on March 31June 30, 2021 and as of the last day of any Test Period ending thereafter 2020 to be greater than 3.00 3.50 to 1.00.. SECTION 6.11
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