Common use of First Lien Leverage Ratio Clause in Contracts

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 4.95:1.00 March 31, 2006 4.95:1.00 June 30, 2006 4.95:1.00 September 30, 2006 4.95:1.00 December 31, 2006 4.40:1.00 March 31, 2007 4.40:1.00 June 30, 2007 4.125:1.00 September 30, 2007 3.85:1.00 December 31, 2007 3.575:1.00 March 31, 2008 3.575:1.00 June 30, 2008 3.30:1.00 September 30, 2008 3.30:1.00 December 31, 2008 3.025:1.00 March 31, 2009 3.025:1.00 June 30, 2009 3.025:1.00 September 30, 2009 3.025:1.00 December 31, 2009 2.75:1.00 March 31, 2010 2.75:1.00 June 30, 2010 2.75:1.00 September 30, 2010 2.75:1.00 Schedule 4, Negative Covenants 12 Fiscal Quarter Ended: Ratio December 31, 2010 2.475:1.00 March 31, 2011 2.475:1.00 June 30, 2011 2.475:1.00 September 30, 2011 2.475:1.00 December 31, 2011 2.20:1.00 March 31, 2012 2.20:1.00 June 30, 2012 2.20:1.00 September 30, 2012 2.20:1.00 December 31, 2012 1.925:1.00

Appears in 1 contract

Samples: Murabaha Facility Agreement (Tensar Corp)

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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 4.95:1.00 March 31, 2006 4.95:1.00 June 30, 2006 4.95:1.00 4.75:1.00 September 30, 2006 4.95:1.00 4.75:1.00 December 31, 2006 4.40:1.00 4.75:1.00 March 31, 2007 4.40:1.00 June 30, 2007 4.125:1.00 September 30, 2007 3.85:1.00 December 31, 2007 3.575:1.00 March 31, 2008 3.575:1.00 June 30, 2008 3.30:1.00 September 30, 2008 3.30:1.00 December 31, 2008 3.025:1.00 March 31, 2009 3.025:1.00 June 30, 2009 3.025:1.00 September 30, 2009 3.025:1.00 December 31, 2009 2.75:1.00 March 31, 2010 2.75:1.00 June 30, 2010 2.75:1.00 September 30, 2010 2.75:1.00 4.75:1.00 Schedule 4, Negative Covenants 12 Fiscal Quarter Ended: Ratio June 30, 2007 4.50:1.00 September 30, 2007 4.25:1.00 December 31, 2007 4.00:1.00 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 2.475:1.00 2.25:1.00 March 31, 2011 2.475:1.00 2.25:1.00 June 30, 2011 2.475:1.00 2.25:1.00 September 30, 2011 2.475:1.00 2.25:1.00 December 31, 2011 2.20:1.00 2.00:1.00 March 31, 2012 2.20:1.00 2.00:1.00 June 30, 2012 2.20:1.00 2.00:1.00 September 30, 2012 2.20:1.00 2.00:1.00 December 31, 2012 1.925:1.001.75:1.00 March 31, 2013 1.75:1.00 June 30, 2013 1.75:1.00 September 30, 2013 1.75:1.00 December 31, 2013 1.75:1.00

Appears in 1 contract

Samples: Murabaha Facility Agreement (Tensar Corp)

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 4.95:1.00 March 31, 2006 4.95:1.00 June 30, 2006 4.95:1.00 4.75:1.00 September 30, 2006 4.95:1.00 4.75:1.00 December 31, 2006 4.40:1.00 4.75:1.00 March 31, 2007 4.40:1.00 4.75:1.00 June 30, 2007 4.125:1.00 4.50:1.00 September 30, 2007 3.85:1.00 4.25:1.00 December 31, 2007 3.575:1.00 March 31, 2008 3.575:1.00 June 30, 2008 3.30:1.00 September 30, 2008 3.30:1.00 December 31, 2008 3.025:1.00 March 31, 2009 3.025:1.00 June 30, 2009 3.025:1.00 September 30, 2009 3.025:1.00 December 31, 2009 2.75:1.00 March 31, 2010 2.75:1.00 June 30, 2010 2.75:1.00 September 30, 2010 2.75:1.00 Schedule 4, Negative Covenants 12 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 2.475:1.00 2.25:1.00 March 31, 2011 2.475:1.00 2.25:1.00 June 30, 2011 2.475:1.00 2.25:1.00 September 30, 2011 2.475:1.00 2.25:1.00 December 31, 2011 2.20:1.00 2.00:1.00 March 31, 2012 2.20:1.00 2.00:1.00 June 30, 2012 2.20:1.00 2.00:1.00 September 30, 2012 2.20:1.00 2.00:1.00 December 31, 2012 1.925:1.00and 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:

Appears in 1 contract

Samples: Murabaha Facility Agreement (Tensar Corp)

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 4.95:1.00 March 31, 2006 4.95:1.00 June 30, 2006 4.95:1.00 4.75:1.00 September 30, 2006 4.95:1.00 4.75:1.00 December 31, 2006 4.40:1.00 4.75:1.00 March 31, 2007 4.40:1.00 4.75:1.00 June 30, 2007 4.125:1.00 4.50:1.00 September 30, 2007 3.85:1.00 4.25:1.00 December 31, 2007 3.575:1.00 4.00:1.00 March 31, 2008 3.575:1.00 4.00:1.00 June 30, 2008 3.30:1.00 4.00:1.00 September 30, 2008 3.30:1.00 4.00:1.00 December 31, 2008 3.025:1.00 3.50:1.00 March 31, 2009 3.025:1.00 3.50:1.00 June 30, 2009 3.025:1.00 3.50:1.00 September 30, 2009 3.025:1.00 December 31, 2009 2.75:1.00 March 31, 2010 2.75:1.00 June 30, 2010 2.75:1.00 September 30, 2010 2.75:1.00 Schedule 4, Negative Covenants 12 3.50:1.00 Fiscal Quarter Ended: Ratio December 31, 2009 2.50:1.00 March 31, 2010 2.475:1.00 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 2.475:1.00 2.25:1.00 June 30, 2011 2.475:1.00 2.25:1.00 September 30, 2011 2.475:1.00 2.25:1.00 December 31, 2011 2.20:1.00 2.00:1.00 March 31, 2012 2.20:1.00 2.00:1.00 June 30, 2012 2.20:1.00 2.00:1.00 September 30, 2012 2.20:1.00 2.00:1.00 December 31, 2012 1.925:1.00and each fiscal quarter thereafter 1.75:1.00 Annex B

Appears in 1 contract

Samples: Lease/Purchase Facilities Documents (Tensar Corp)

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 4.95:1.00 4.50:1.00 March 31, 2006 4.95:1.00 4.50:1.00 June 30, 2006 4.95:1.00 4.50:1.00 September 30, 2006 4.95:1.00 4.50:1.00 December 31, 2006 4.40:1.00 4.00:1.00 March 31, 2007 4.40:1.00 4.00:1.00 June 30, 2007 4.125:1.00 3.75:1.00 September 30, 2007 3.85:1.00 3.50:1.00 December 31, 2007 3.575:1.00 3.25:1.00 March 31, 2008 3.575:1.00 June 30, 2008 3.30:1.00 September 30, 2008 3.30:1.00 December 31, 2008 3.025:1.00 March 31, 2009 3.025:1.00 June 30, 2009 3.025:1.00 September 30, 2009 3.025:1.00 December 31, 2009 2.75:1.00 March 31, 2010 2.75:1.00 June 30, 2010 2.75:1.00 September 30, 2010 2.75:1.00 3.25:1.00 Schedule 4, Negative Covenants 12 Fiscal Quarter Ended: Ratio 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 2.475:1.00 2.25:1.00 March 31, 2011 2.475:1.00 2.25:1.00 June 30, 2011 2.475:1.00 2.25:1.00 September 30, 2011 2.475:1.00 2.25:1.00 December 31, 31 ,2011 2.20:1.00 2.00:1.00 March 31, 2012 2.20:1.00 2.00:1.00 June 30, 2012 2.20:1.00 2.00:1.00 September 30, 2012 2.20:1.00 2.00:1.00 December 31, 2012 1.925:1.001.75:1.00

Appears in 1 contract

Samples: Murabaha Facility Agreement (Tensar Corp)

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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 4.95:1.00 4.50:1.00 March 31, 2006 4.95:1.00 4.50:1.00 June 30, 2006 4.95:1.00 4.50:1.00 September 30, 2006 4.95:1.00 4.50:1.00 December 31, 2006 4.40:1.00 4.00:1.00 March 31, 2007 4.40:1.00 4.00:1.00 June 30, 2007 4.125:1.00 3.75:1.00 September 30, 2007 3.85:1.00 3.50:1.00 December 31, 2007 3.575:1.00 3.25:1.00 March 31, 2008 3.575:1.00 June 30, 2008 3.30:1.00 September 30, 2008 3.30:1.00 December 31, 2008 3.025:1.00 March 31, 2009 3.025:1.00 June 30, 2009 3.025:1.00 September 30, 2009 3.025:1.00 December 31, 2009 2.75:1.00 March 31, 2010 2.75:1.00 June 30, 2010 2.75:1.00 September 30, 2010 2.75:1.00 3.25:1.00 Schedule 4, Negative Covenants 12 Fiscal Quarter Ended: Ratio 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 2.475:1.00 2.25:1.00 March 31, 2011 2.475:1.00 2.25:1.00 June 30, 2011 2.475:1.00 2.25:1.00 September 30, 2011 2.475:1.00 2.25:1.00 December 31, 2011 2.20:1.00 2.00:1.00 March 31, 2012 2.20:1.00 2.00:1.00 June 30, 2012 2.20:1.00 2.00:1.00 September 30, 2012 2.20:1.00 2.00:1.00 December 31, 2012 1.925:1.001.75:1.00

Appears in 1 contract

Samples: Facility Agreement (Tensar Corp)

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 4.95:1.00 4.50:1.00 March 31, 2006 4.95:1.00 4.50:1.00 June 30, 2006 4.95:1.00 4.50:1.00 September 30, 2006 4.95:1.00 4.50:1.00 December 31, 2006 4.40:1.00 4.00:1.00 March 31, 2007 4.40:1.00 4.00:1.00 June 30, 2007 4.125:1.00 3.75:1.00 September 30, 2007 3.85:1.00 December 31, 2007 3.575:1.00 March 31, 2008 3.575:1.00 June 30, 2008 3.30:1.00 September 30, 2008 3.30:1.00 December 31, 2008 3.025:1.00 March 31, 2009 3.025:1.00 June 30, 2009 3.025:1.00 September 30, 2009 3.025:1.00 December 31, 2009 2.75:1.00 March 31, 2010 2.75:1.00 June 30, 2010 2.75:1.00 September 30, 2010 2.75:1.00 Schedule 4, Negative Covenants 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 2.475:1.00 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 2.475:1.00 2.25:1.00 June 30, 2011 2.475:1.00 2.25:1.00 September 30, 2011 2.475:1.00 2.25:1.00 December 31, 2011 2.20:1.00 2.00:1.00 March 31, 2012 2.20:1.00 2.00:1.00 June 30, 2012 2.20:1.00 2.00:1.00 September 30, 2012 2.20:1.00 2.00:1.00 December 31, 2012 1.925:1.001.75:1.00

Appears in 1 contract

Samples: Lease Financing and Purchase Option Agreement (Tensar Corp)

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