Financial Performance Covenant. The Borrower will not permit the Total Net Leverage Ratio as of the last day of any fiscal quarter of the Borrower (commencing with the fiscal quarter ending September 30, 2021) to exceed (a) with respect to each fiscal quarter ending prior to December 31, 2022, 5.00:1.00 and (b) with respect to each fiscal quarter ending on or after December 31, 2022, 4.50:1.00.
Appears in 2 contracts
Samples: Credit Agreement (Digital Media Solutions, Inc.), Credit Agreement (Digital Media Solutions, Inc.)
Financial Performance Covenant. The Borrower will not permit the Total Net Leverage Ratio as of the last day of any fiscal quarter of the Borrower (commencing with set forth below to exceed the ratio set forth opposite such fiscal quarter ending below: Fiscal Quarter Ending Ratio June 30, 2020 5.50 to 1.00 September 30, 2021) 2020 5.50 to exceed (a) with respect to 1.00 December 31, 2020 and the last day of each fiscal quarter ending prior of the Borrower thereafter 5.00 to December 31, 2022, 5.00:1.00 and (b) with respect to each fiscal quarter ending on or after December 31, 2022, 4.50:1.00.1.00
Appears in 2 contracts
Samples: Credit Agreement (Atlas Technical Consultants, Inc.), Credit Agreement (Atlas Technical Consultants, Inc.)
