First Lien Leverage Ratio Sample Clauses

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 last day of the first full Fiscal Quarter ending after the Closing Date on which the Revolving Facility Test Condition is then satisfied, the Borrower shall not permit the First Lien Leverage Ratio to be greater than 6.25:1.00, stepping-down to a First Lien Leverage Ratio of 6.00:1.00 for the Fiscal Quarter ended on or about September 30, 2020 and thereafter.
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 June 30, 2006 4.75:1.00 September 30, 2006 4.75:1.00 December 31, 2006 4.75:1.00 March 31, 2007 4.75:1.00 June 30, 2007 4.50:1.00 September 30, 2007 4.25:1.00 December 31, 2007 4.00:1.00 10 Fiscal Quarter Ended: Ratio March 31, 2008 4.00:1.00 June 30, 2008 4.00:1.00 September 30, 2008 4.00:1.00 December 31, 2008 3.50:1.00 March 31, 2009 3.50:1.00 June 30, 2009 3.50:1.00 September 30, 2009 3.50:1.00 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 and each fiscal quarter thereafter 1.75:1.00 (gg) Section 4(c) of Schedule 6 to the Second Lien Commodities Purchase Agreement is hereby amended and restated in its entirety as follows:
First Lien Leverage Ratio. The Borrower shall not permit the First Lien Leverage Ratio as of the last day of any fiscal quarter to be greater than the ratio set forth opposite the applicable period below: Applicable Period Maximum First Lien Leverage Ratio June 30, 2015 through and including September 29, 2015 5.10 to 1.00 September 30, 2015 through and including December 30, 2015 5.00 to 1.00 December 31, 2015 through and including March 30, 2016 4.60 to 1.00 March 31, 2016 through and including June 29, 2016 4.40 to 1.00 June 30, 2016 through and including September 29, 2016 4.25 to 1.00 September 30, 2016 through the Maturity Date 4.00 to 1.00
First Lien Leverage Ratio. Borrower shall maintain at all times, as determined on the last day of each fiscal quarter for the twelve (12) month period then ending, a First Lien Leverage Ratio of no greater than (i) for the period ending December 31, 2014, 3.00 to 1.00; (ii) for the period ending March 31, 2015, 2.75 to 1.00; (iii) for the period ending June 30, 2015, 2.50 to 1.00; (iv) for the period ending September 30, 2015, 2.25 to 1.00; and (v) for the period ending December 31, 2015, and each fiscal quarter thereafter, 2.00 to 1.00.
First Lien Leverage Ratio. On the last day of any Test Period (it being understood and agreed that this Section 6.13(a) shall not apply earlier than the last day of the first full Fiscal Quarter ending after the Closing Date), the Administrative Borrower shall not permit the First Lien Leverage Ratio to be greater than (i) for each Test Period ending prior to March 31, 2020, 5.0:1.0 or (ii) for each Test Period ending on or after March 31, 2020, 4.5:1.0.
First Lien Leverage Ratio. Except with the written consent of the Required Revolving Lenders and subject to the last paragraph of this Section 6.08, permit the First Lien Leverage Ratio as of the last day of and for any Test Period to be greater than 8.25 to 1.00. Notwithstanding the foregoing, this Section 6.08 shall be in effect (and shall only be in effect) when the aggregate principal amount of outstanding Revolving Loans, Swing Line Loans, Reimbursement Obligations and (solely to the extent in excess of $2,500,000 (or, if the Specified 2018 Acquisition is consummated on or prior to the date that is 180 days after the Closing Date, $3,350,000) in the aggregate) outstanding but undrawn Letters of Credit that have not been cash collateralized in accordance with the terms of this Agreement exceed 35% of the aggregate Revolving Commitments of all Lenders as of the last day of such Test Period, commencing with the first full fiscal quarter of Holdings commencing after the Closing Date (it being understood that calculation of compliance with this Section 6.08 shall be determined as of the last day of and for each applicable Test Period). 176
First Lien Leverage Ratio. Except with the written consent of the Required Revolving Credit Lenders, the Borrowers will not permit the First Lien Leverage Ratio of MVWC 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, 2018 to exceed 3.00:1.00 (the “Financial Covenant”).
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 Lenders, the Parent will not permit the First Lien Leverage Ratio, calculated as of the last day of the most recent fiscal quarter of the Parent for which financial statements were required to have been furnished to the Administrative Agent pursuant to Section 5.01 (commencing with the first full fiscal quarter ending after the Effective Date), to exceed the ratio set forth below opposite the period during which such last day occurs: Date of Fiscal Quarter End Ratio [__] through [__]5 4.85 to 1.00 [__] through [__]6 4.35 to 1.00 [__] and thereafter 3.85 to 1.00 Notwithstanding the foregoing, this Section 6.12 shall be in effect (and shall only be in effect) when the sum of the Dollar Equivalent of the aggregate principal amount of Revolving Loans, Swingline Loans and Letters of Credit (other than Cash Collateralized Letters of Credit and additional Letters of Credit in an aggregate amount not greater than $25,000,000) in each case, outstanding as of the last day of the most recent fiscal quarter of the Parent for which financial statements were required to have been furnished to the Administrative Agent pursuant to Section 5.01, is greater than 35% of the Revolving Commitments at such time. 5 End of first fiscal quarter of Parent following second anniversary of the Effective Date.