First Lien Leverage Ratio. On the last day of any Test Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.15 shall not apply until the last day of the first full Fiscal Quarter ending after the Closing Date), the Borrowers shall not permit the First Lien Leverage Ratio to be greater than 7.75:1.00.
First Lien Leverage Ratio. On the last day of any Test Period ending on or after the Amendment No. 8 Effective Date on which the Revolving Facility Test Condition is then satisfied, the Parent Borrower shall not permit the First Lien Leverage Ratio to be greater than 6.00:1.00.
First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio as of the last day of each Fiscal Quarter thereafter (commencing with the Fiscal Quarter ending March 31, 2015) to be greater than 2.50 to 1.00.
First Lien Leverage Ratio. Permit the First Lien Leverage Ratio during any period set forth below to be greater than the ratio set forth opposite such period below: Fiscal Quarter Ended: Ratio December 31, 2005 4.50:1.00 March 31, 2006 4.50:1.00 June 30, 2006 4.50:1.00 September 30, 2006 4.50:1.00 December 31, 2006 4.00:1.00 March 31, 2007 4.00:1.00 June 30, 2007 3.75:1.00 September 30, 2007 3.50:1.00 12 Fiscal Quarter Ended: Ratio December 31, 2007 3.25:1.00 March 31, 2008 3.25:1.00 June 30, 2008 3.00:1.00 September 30, 2008 3.00:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2.75:1.00 June 30, 2009 2.75:1.00 September 30, 2009 2.75:1.00 December 31, 2009 2.50:1.00 March 31, 2010 2.50:1.00 June 30, 2010 2.50:1.00 September 30, 2010 2.50:1.00 December 31, 2010 2.25:1.00 March 31, 2011 2.25:1.00 June 30, 2011 2.25:1.00 September 30, 2011 2.25:1.00 December 31, 2011 2.00:1.00 March 31, 2012 2.00:1.00 June 30, 2012 2.00:1.00 September 30, 2012 2.00:1.00 December 31, 2012 1.75:1.00
First Lien Leverage Ratio. Except during a Suspension Period, the Borrower shall not permit its First Lien Leverage Ratio as of the last day of any fiscal quarter to exceed (a) for the period from the Restatement Effective Date to the second anniversary of the Restatement Effective Date, 4.50 to 1.00 and (b) thereafter, 4.25 to 1.00.
First Lien Leverage Ratio. On each Compliance Date, the Borrower shall not permit the First Lien Leverage Ratio as of such Compliance Date to be greater than 3.80:1.00.
First Lien Leverage Ratio. Permit the First Lien Leverage Ratio for any period of 4 consecutive fiscal quarters of Holdings and its Subsidiaries for which the last fiscal month ends on a date set forth below to be greater than the ratio set forth opposite such date: Fiscal Quarter End First Lien Leverage Ratio March 31, 2023 6.38:1.00 April 30, 2023 6.60:1.00 May 31, 2023 6.20:1.00 June 30, 2023 6.00:1.00 July 31, 2023 5.28:1.00 August 31, 2023 4.51:1.00 September 30, 2023 4.12:1.00 October 31, 2023 3.50:1.00 November 30, 2023 3.14:1.00 December 31, 2023 4.63:1.00 January 31, 2024 and each fiscal month ending thereafter 3:50:1.00
First Lien Leverage Ratio. The Borrower will not permit the First Lien Leverage Ratio as of the last day of any fiscal quarter ending on any date during any period set forth below to exceed the ratio set forth below opposite such period: Period Ratio Effective Date to and including June 30, 2013 4.75 to 1.00 July 1, 2013 and thereafter 4.50 to 1.00
First Lien Leverage Ratio. Permit or suffer the First Lien Leverage Ratio to exceed 2.50 to 1.00 as of the end of any Fiscal Quarter ending on or after March 31, 2020.
First Lien Leverage Ratio. Except with the written consent of the Required Revolving Credit Lenders, the Borrower will not permit the First Lien Leverage Ratio of the Borrower and its Restricted Subsidiaries on a consolidated basis as of the last day of a Test Period (commencing with the Test Period ending on or about December 31, 2019 but excluding any Test Period ending during the Relief Period) to exceed (a) prior to the Step-Down Date, 7.60:1.00 and (b) from the Step-Down Date, 7.10:1.00 (this clause (a) being referred to herein as the “Financial Covenant”); provided that the provisions of this Section 7.09(a) shall not be applicable to any such Test Period if on the last day of such Test Period (x) to the extent the Total Leverage Ratio is greater than 6.50:1.00, the aggregate amount of Revolving Credit Loans, Swingline Loans and/or L/C Exposure (excluding up to $10,000,000 of undrawn Letters of Credit and other Letters of Credit which have been Cash Collateralized or Backstopped) does not exceed $0 or (y) to the extent the Total Leverage Ratio is equal to or less than 6.50:1.00, the aggregate amount of Revolving Credit Loans, Swingline Loans and/or L/C Exposure (excluding up to $10,000,000 of undrawn Letters of Credit and other Letters of Credit which have been Cash Collateralized or Backstopped) does not exceed 35% of the Aggregate Revolving Credit Commitments.
