Common use of First Lien Leverage Ratio Clause in Contracts

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. 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 31June 30, 20142015, 3.00 5.20 to THIRD MODIFICATION AGREEMENT (HII Technologies – Credit Agreement) 1.00; (ii) for the period ending March 31September 30, 2015, 2.75 5.06 to 1.00; (iii) for the period ending June 30December 31, 2015, 2.50 4.65 to 1.00; 1.00 and (iv) for the period ending September 30, 2015, 2.25 to 1.00; and (v) for the period ending December March 31, 20152016, and for each period thereafter ending on the last day of each fiscal quarter thereafterquarter, 2.00 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 31June 30, 20142015, 3.00 5.20 to 1.00; (ii) for the period ending March 31September 30, 2015, 2.75 5.06 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, 4.65 to 1.00 and (iv) for each period ending March 31, 2016, and for each period thereafter ending on the last day of each fiscal quarter thereafterquarter, 2.00 to 1.00.